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Acne Drugs Market Outlook, Critical Insights, Trends Analysis, Key Players And Forecast To 2033
Acne Drugs Market Analysis
The Business Research Company offers in-depth market insights through Acne Drugs Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The acne drugs market size has grown steadily in recent years. It will grow from $5.84 billion in 2023 to $6.11 billion in 2024 at a compound annual growth rate (CAGR) of 4.6%. The growth in the historic period can be attributed to increase in acne prevalence, rising population, strong economic growth increase in pharmaceutical expenditure, rise in disposable income and increased healthcare expenditure.
The acne drugs market size is expected to see steady growth in the next few years. It will grow to $7.3 billion in 2028 at a compound annual growth rate (CAGR) of 4.5%. The growth in the forecast period can be attributed to faster economic growth, rise in healthcare expenditure, high potential of emerging economies, increasing teenage population and sedentary lifestyles. Major trends in the forecast period include investing in narrow spectrum antibiotics, development of combination therapies for acne treatment, investing on cannabi*s products consisting cannabi*s oil, investing in partnerships to develop new drugs and using social media to market the acne treatment products.
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Market Segmentation:
The acne drugs market covered in this report is segmented -
1) By Type: Inflammatory Acne Drugs, Non-Inflammatory Acne Drugs
2) By Therapeutic Class: Retinoids, Antibiotics, Salicylic Acid, Benzoyl Peroxide, Other Therapeutics
3) By End User: Hospitals & Clinics, Pharmacies & Drug Stores, Other End Users
Major Driver - Rising Disposable Income Fuels Growth In The Acne Drug Market
An increase in the disposable income of people is one of the major drivers in the acne drug market. An increase in disposable income is usually due to an improved economy leading to increased wages and salaries and boosting healthcare expenditure. According to the Bureau of Economic Analysis, in July 2023, disposable personal income increased by $7.3 billion. The rise in disposable income and increased expenditure on facial care products is expected to continue, thereby driving the market in the forecast period.
Competitive Landscape:
Major companies operating in the acne drugs market report are Johnson & Johnson, Galderma S.A., Almirall SA, Bausch Health Companies Inc., GlaxoSmithKline, Reckitt Benckiser Group, Mayne Pharma Group Limited, Allergan Plc., Cipher Pharmaceuticals, Sol Gel Advanced Topical Therapy, Pfizer Inc., Novartis AG, Merck & Co. Inc., Amgen Inc., Abbott, AstraZeneca, Eli Lilly and Company, Daiichi Sankyo Company Limited, Sinopharm Group Co. Ltd, Mylan N.V., F. Hoffmann-La Roche Ltd, Bayer AG, Teva Pharmaceutical Industries, Sun Pharmaceutical Industries Ltd., Allergan, Cipla Inc., Zydus Cadila, Otsuka Pharmaceutical Co. Ltd, Shanghai Pharmaceuticals Holding Co. Ltd, Jiangsu Hengrui Medicine, Guangzhou Baiyunshan Pharmaceutical, China Meheco Co Ltd, Huadong Medicine Co. Ltd., Pfizer Inc, Galderma S.A., Amgen Europe B.V., Roche Holding AG, Ranbaxy Laboratories, Stiefel Laboratories, BIOCAD, Zentiva (Sanofi), Gedeon Richter Plc, Polpharma SA Pharmaceutical Works, Egis Group, Dermira Inc., Bausch Health Companies Inc., Estee Lauder Inc., Nimue Skincare International.
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Top Trend - Acne Drug Market Embraces Combination Therapy For Enhanced Efficacy
Combination therapy is the latest trend in the acne drug market. 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.
The Table Of Content For The Market Report 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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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