Press release
Global Acne Medication Market to Garner $13.35 Billion by 2027, States the Report by Allied Market Research
Increase in focus on skin care products, rise in prevalence of acne diseases, and unhealthy urban lifestyle have boosted the growth of the global acne medication market.Allied Market Research published a research report on the acne medication market. The findings of the report state that the global market for acne medication generated $11.86 billion in 2019, and is expected to garner $13.35 billion by 2027, witnessing a CAGR of 3.8% from 2020 to 2027.The report offers valuable information on evolving market trends, major segments, top investment pockets, and key competitors for market players, investors, shareholders, and new entrants.
Download Brochure:
https://www.linkedin.com/feed/update/urn:li:activity:6917470268277882881
Onkar Sumant, the Manager, Healthcare at Allied Market Research, outlined, "Growth of the global acne medication market is driven by rise in prevalence of acne vulgaris across the world, unhealthy urban lifestyle, surge in pollution, and increase in focus on skin."
The report offers an in-depth analysis of drivers, restraints, and opportunities to help market players in devising strategies and capitalizing on potential market opportunities. Increase in focus on skin care products, rise in prevalence of acne diseases, and unhealthy urban lifestyle are crucial in contributing to the growth of the market. On the other hand, presence of alternatives for acne treatment and side effects associated with acne medications hinder the market growth. However, development of therapeutics with lesser side effects and opportunities in emerging economies presents opportunities in the next few years.
The research offers an extensive scenario of Covid-19 along with outlining its impact on the acne medication market across the world. As the pandemic worsened, a number of dermatology clinics were forced to close their doors in order to prevent the spread of the disease and even several clinics and hospitals were transformed into Covid-19 centers. Furthermore, many people have been unable to reach dermatology clinics and pharmacies due to the lockdown. Telemedicine, on the other hand, has emerged as a viable and effective means of providing critical dermatological services to acne patients.
Request Free Sample Report Now:
https://www.facebook.com/alliedmarketresearch/photos/a.228006404029264/2195786937251191
The report offers a detailed analysis of segments of the global acne medication market based on therapeutic class, formulation, type, acne type, distribution channel, and region. These insights are helpful for new as well as existing market players to capitalize on the fastest growing and largest revenue-generating segments to accomplish growth in the future.
Based on therapeutic class, the retinoid segment leads the global acne medication market in terms of revenue in 2019, contributing to nearly one-third of the market share, and is expected to rule the roost by 2027. Moreover, this segment would witness the highest CAGR of 4.6% throughout the forecast period. Retinoid is most effective for moderate to severe acne as it unblocks pores, allowing topical creams and gels to work better. This factor drives the growth of the segment.
Based on formulation, the topical medication segment dominated the global acne medication market share in 2019, accounting for more than four-fifths of the market share, and is anticipated to lead the trail by the end of 2027. Moreover, the same segment is anticipated to grow with the fastest CAGR of 3.9% till 2027. This is because topical formulations are less toxic and do not affect other organs.
Download Sample Pages:
https://twitter.com/Allied_MR/status/1511705197080424455?s=20&t=we-M5Zr_57r47jp1TWrxWw
Based on geography, North America lead the market in 2019, contributing to nearly half of the global acne medication market, due to numerous developments related to acne therapeutics. However, Asia-Pacific would witness the fastest CAGR of 4.9% from 2020 to 2027, owing to increase in number of product launches, high demand for acne therapeutics, surge in healthcare expenditure, and rise in awareness about newly developed therapeutics that can replace conventional acne treatment.
The leading market players analyzed in the global acne medication market report include Mylan N.V., Bausch Health Companies Inc., Almirall SA., Sun Pharmaceutical Industries Limited, GlaxoSmithKline Plc (GSK), Galderma S.A, Johnson & Johnson, Mayne Pharma Group Limited, Pfizer Inc., and Teva Pharmaceutical Industries Ltd.
Contact us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285 |UK: +44-845-528-1300 | Hong Kong: +852-301-84916 | India (Pune): +91-20-66346060 | Fax: +1-855-550-5975 Email" help@alliedmarketresearch.com
Follow us on LinkedIn, Facebook, Twitter, Pinterest, YouTube & Instagram
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Acne Medication Market to Garner $13.35 Billion by 2027, States the Report by Allied Market Research here
News-ID: 2608414 • Views: …
More Releases from Allied Market Research
Mobile Application Security Market Growing at 26.3% CAGR Reach USD 37.1 Billion …
Allied Market Research published a new report, titled, "Mobile Application Security Market Growing at 26.3% CAGR Reach USD 37.1 Billion by 2032." The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segments, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain a thorough understanding of the industry and determine…
MarTech Market Witnessing CAGR of 18.5% Hit USD 1.7 Trillion by 2032
The global marketing technology market is experiencing growth due to several factors, including the increasing digital transformation, the surge in demand for personalized experience, and the proliferation of automation and efficiency. However, data privacy and compliance, and the high cost of implementation are expected to hamper market growth. Furthermore, the growing integration of AI and ML technologies and the increase in demand for real-time marketing are anticipated to provide lucrative…
Feedback Management Software Market Growing with CAGR of 12.9% Reach USD 28.7 Bi …
Allied Market Research published a new report, titled, "Feedback Management Software Market Growing with CAGR of 12.9% Reach USD 28.7 Billion by 2031 ." The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and…
Digital Educational Publishing Market Growing at 15.9% CAGR Reach USD 41.5 Billi …
The Market report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers a valuable guidance to leading players, investors, shareholders, and startups in devising strategies for the sustainable growth and gaining competitive edge in the market.
The global Digital Educational Publishing Market was valued at $9.9 billion in 2021, and is projected to reach $41.5 billion by 2031, growing at…
More Releases for CAGR
[CAGR of 6.7%] Nanocoatings Market Size, Industry Share, CAGR, Regional Forecast …
The global Nanocoatings Market generated $10.7 billion in 2020, and is projected to reach $20.1 billion by 2030, growing at a CAGR of 6.7% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Download sample PDF @ https://www.alliedmarketresearch.com/request-sample/2064
According to the report published by Allied Market Research,…
[CAGR of 5.3%] Pigments Market Size, Industry Share, CAGR, Regional Forecast, 20 …
A recent report by Allied Market Research provides a detailed analysis of the pigments market, highlighting its robust growth. The industry was valued at $27.2 billion in 2022 and is projected to surge to $45.4 billion by 2032, exhibiting an impressive CAGR of 5.3% from 2023 to 2032.
This research report identifies the growth drivers behind the market's expansion and delves into the market dynamics using advanced analytical frameworks…
Enzymes Market Expansion CAGR of 4.9% CAGR Anticipated 2025-2034
The Enzymes Market report is an in-depth examination of the global Enzymes Market's general consumption structure, development trends, sales techniques, and top nations' sales. The research looks at well-known providers in the global Enzymes Market industry, as well as market segmentation, competition, and the macroeconomic climate. A complete Enzymes Market analysis takes into account a number of aspects, including a country's population and business cycles, as well as market-specific microeconomic…
Waterproofing Membranes Market is Projected Grow at CAGR of 8% CAGR by 2033
The waterproofing membranes market is anticipated to witness a Compound Annual Growth Rate (CAGR) of 8.0% over the forecast period. By 2023, the estimated market value for waterproofing membranes is substantial, reaching US$ 31.5 billion.
These waterproofing materials comprise thin, impermeable membranes designed to collaborate with asphalt, providing a protective shield for the structural integrity of buildings. The asphalt component in these membranes acts as a safeguard, preserving the underlying membrane…
Electric Bed Market CAGR, Size, Share Grow USD 2,063 Million by 2030 CAGR 13.70%
Global electric bed market size is expected to be worth roughly USD 2,063 million by 2030, growing at a CAGR of more than 13.7% during the projected timeframe of 2022-2030, according to Ameco Research
A significant portion of the population over the age of 60, who often have reduced immunity levels and are more susceptible to neurological disorders, cardiac issues, tumors, and spinal cord compression, is anticipated to have a substantial…
Pediatric Radiology Market Size will Grow at CAGR 7.7% CAGR during 2017-2026
Pediatric Radiology Market:Overview
The pediatric radiology market is likely to register robust growth in the near future. Chronic illnesses among children including neurological disorders such as ADHD are on the rise. According to the US labor bureau, the demand for pediatrician is expected to grow by 24% on average by 2020. This is the highest average growth among all professionals in the United States.
Despite challenges such as training for new…
