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Anti-Acne Dermal Patch Market Is Expected To Reach US$ 920 Million By 2032

08-16-2023 05:34 AM CET | Industry, Real Estate & Construction

Press release from: Factmr

The global anti-acne dermal patch market is expected to be worth $539 million in 2022, rising to $920 million by 2032. During the projected period of 2022 to 2032, the market is estimated to grow at a CAGR of 5.5%.

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In 2021, the worldwide anti-acne dermal patch market is expected to be worth USD 510 million. The increased demand for fast acne treatment might be related to market growth. Teenagers suffer from acne on a regular basis, creating a high need for effective skin care treatments. Fact.MR revealed that anti-acne dermal patch sales increased at a CAGR of 4% from 2015 to 2021.

During the COVID-19 pandemic, sales of anti-acne dermal patch fell somewhat, particularly in the initial wave, as production constraints caused supply shortages. Prospects were eventually recovered as stay-at-home guidelines encouraged customers to devote more time in personal skin care and grooming sessions.

Competitive Landscape:
The players of the global anti-acne dermal patch market adopt various strategies to expand their market reach. Some of the most common methods are partnerships, acquisition, and collaborations. Some of the recent developments among the key players are:

In October 2020, BenQ Materials Corp rolled out its anti-acne skincare patch, known as thenumerouno acne patch for the Indian market. The distributor of the product in India is KShipra Health Solutions.
In February 2022, Peace Out Skincare was launched on Amazon. It will sell its award-winning patented dots, serums, acne-patches creams.
In November 2021, the famous skincare Starface launched 'Seasame Street' pimple patches and pore strips.

Key Players:
• Rael
• ZitSticka
• 3M
• Starface
• DermaAngel
• Hero Cosmetics
• Sephora USA Inc.
• Urban Outfitters
• Peach & Lily

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Regional Analysis:

According to MR, the APAC region would likely lead the market in 2022, accounting for 39% of the worldwide market share. The growing frequency of skin disorders and acne among teens and the young crowd can be related to the regional market's development.

With the adoption of an unhealthy lifestyle, rising pollution, and youngsters reaching puberty, the market is expected to increase significantly throughout the projected period. Furthermore, South Korea makes an important contribution because it is a well-known hub for developing high-quality skincare products such as Medicube Zero Foam Cleanser and Innisfree Super Volcanic Clay Mouse, among others.

According to Fact.MR, the market in North America is expected to grow at a CAGR of 6% over the projected period. The advancement of dermatology and the existence of established businesses in the region can be credited to the region's market development.

The rising number of product releases and rising demand for acne therapies in the area are expected to drive market expansion in the near future. The United States contributes the most to the growth of the regional market. Following a considerable increase in acne instances, many competitors began to enter the US market in 2015.

Key Segments of Industry:
• By Age Group
o 10 to 17 Year Consumers
o 18 to 44 Year Consumers
o 45 to 64 Year Consumers
o 65+ Year Consumers
• By Type
o Herbal
o Chemical
• By Distribution Channel
o Retail Stores
o Pharmacies & Drug Stores
o E-Commerce Platforms

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About Fact.MR
We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client's satisfaction.

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