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Acne Drugs Market Analysis, Trends, Growth, Research And Forecast 2032
Acne Drugs Market
The Business Research Company's Acne Drugs Global Market Report 2023 identifies an increase in the disposable income of people as the major driver for the acne drugs market's growth in the forecast period. An increase in disposable income is usually due to an improved economy leading to increased wages and salaries and boosting healthcare expenditure.
The global acne drugs market size will grow from $5.44 billion in 2022 to $5.74 billion in 2023 at a compound annual growth rate (CAGR) of 5.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global acne drugs market size is expected to grow to $6.90 billion in 2027 at a CAGR of 4.7%.
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Major competitors in the acne drugs market are Allergan PLC., Galderma S.A., Valeant Pharmaceutical International Inc., Teva Pharmaceutical Industries Ltd., Johnson & Johnson Services Inc., GlaxoSmithKline PLC., Bayer AG, Stiefel Laboratories Inc., Ranbaxy Laboratories Limited, Pfizer Inc., Sun Pharmaceutical Industries Limited, Mayne Pharma Group Limited, Mylan N.V., Cipher, Daiichi Sankyo Company, Ltd., Guthy-Renker LLC., Medicis Pharmaceutical Corporation.
A key trend in the acne drugs market includes combination therapy. Combination therapy is the process of combining two drugs with different mechanisms of action, such combinations of medication have better efficacy and adherence when compared with monotherapy (the use of only a single drug by itself). The combination of a topical retinoid drug, which unclogs the pores, along with an antimicrobial drug, which is used to treat an infection is being used to treat acne drugs. Example of combination therapy includes Epiduo, Acanya, Ziana, and Benzamycin produced by Galderma, Allergan, Medicis, and Atrix respectively.
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The acne drugs market is segmented -
• By Type: Inflammatory Acne Drugs, Non-Inflammatory Acne Drugs
• By End User: Hospitals & Clinics, Pharmacies & Drug Stores, Ambulatory Surgical Centres
• By Therapeutic Class: Retinoids, Antibiotics, Salicylic Acid, Benzoyl Peroxide
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the acne drugs market.
The Business Research Company's "Global Acne Drugs Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Acne Drugs Market Include:
1. Executive Summary
2. Acne Drugs Market Characteristics
3. Acne Drugs Market Trends And Strategies
4. Acne Drugs Market - Macro Economic Scenario
5. Acne Drugs Market Size And Growth
……
27. Acne Drugs Market Competitive Landscape And Company Profiles
28. Acne Drugs Pipeline Analysis
29. Key Mergers And Acquisitions In The Acne Drugs Market
30. Acne Drugs Market Future Outlook and Potential Analysis
31. Appendix
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