Press release
Acne Medication Market Top Key Players Leveraging on Growth Opportunities | Bausch Health Companies Inc., GlaxoSmithKline Plc (GSK), Galderma S.A, Pfizer Inc | CAGR of 3.8%
Acne Medication Market
Acne Medication Companies:-
• Bausch Health Companies Inc.
• GlaxoSmithKline Plc (GSK)
• Galderma S.A
• Mayne Pharma Group Limited
• Almirall SA.
• Pfizer Inc.
• Johnson & Johnson
• Sun Pharmaceutical Industries Limited
• Teva Pharmaceutical Industries Ltd.
• Mylan N.V.
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The global acne medication market is segmented on the basis of therapeutic class, formulation, type, acne type, distribution channel, and region. Based on therapeutic class, the market is divided into retinoids, antibiotics, salicylic acid, benzoyl peroxide, and others. The retinoid segment held the largest share in 2019, accounting for nearly one-third of the market. Moreover, the segment is projected to manifest the highest CAGR of 4.6% during the study period.
On the basis of formulation, the market is classified into topical medications and oral medications. The topical segment is expected to register the highest CAGR of 3.9% during the forecast period. Moreover, the segment dominated in 2019, accounting for four-fifths of the market.
Based on type, the market is categorized into prescription medicines and over-the-counter medicines.
On the basis of acne type, the market is divided into non-inflammatory acne and inflammatory acne.
The global acne medication market is analyzed across several regions such as Asia-Pacific, LAMEA, Europe, and North America. The market across Asia-Pacific is expected to portray the highest CAGR of 4.9% during the forecast period. However, the market across North America held the largest share in 2019, accounting for nearly half of the market.
Drivers And Opportunities
Increase in prevalence of acne diseases, surge in focus toward good quality skincare products, and unhealthy urban lifestyle drive the growth of the global Acne Medication Market. However, the side-effects associated with acne medications and availability of alternatives for acne treatment hamper the market growth. On the contrary, increased R&D to lessen the side effects would open new opportunities for the market players in the future.
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By Region Outlook
• North America
(U.S., Canada, Mexico)
• Europe
(Germany, France, UK, Italy, Spain, Rest of Europe)
• Asia-Pacific
(Japan, China, India, Rest of Asia-Pacific)
• LAMEA
(Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
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