Press release
Global Acne Drugs Market to Reach $7.51 Billion by 2029, Growing at 4.2% CAGR
Acne Drugs
The augmentation in the spendable income of individuals is a significant catalyst in the acne drug market. The surge in disposable money generally stems from a booming economy that results in an upswing in paychecks, thus escalating healthcare expenditure. For example, the Bureau of Economic Analysis reported that in July 2023, the disposable personal income witnessed an upturn of $7.3 billion. The growth in disposable income coupled with escalating spending on skincare commodities is anticipated to be maintained, hence, propelling the market in the upcoming period.
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What is the projected compound annual growth rate (CAGR) of the acne drugs market from 2025 to 2034, and what factors influence it?
In recent years, the size of the acne drugs market has seen a consistent growth. The market which is expected to be valued at $6.09 billion in 2024, will increase to $6.36 billion in 2025, with a compound annual growth rate (CAGR) of 4.5%. The growth witnessed in the previous years can be credited to factors such as a rise in acne incidence, population growth, robust economic growth, higher spending on pharmaceutical products, increase in disposable income, and a greater allocation of funds to healthcare.
The market size for acne medications is anticipated to undergo consistent expansion in the upcoming years, culminating in a total valuation of $7.51 billion by 2029, thanks to a compound annual growth rate (CAGR) of 4.2%. This projected growth during the forecasted period can be traced back to multiple catalysts such as hastened economic growth, increasing expenditure on healthcare, immense growth potential of upcoming economies, a surge in the adolescent populace, and the spread of inactive lifestyles. Additionally, the forecasted period might witness key trends, including investments in narrow-spectrum antibiotics, the evolution of combination therapies for acne, betting on cannabis*-based products including cannabis* oil, forging collaborations aimed at drug development, and leveraging social media platforms for marketing acne treatment products.
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How are the latest trends influencing the growth of the acne drugs market?
The latest trend in the acne drug market is combination therapy. This method involves fusing two drugs with distinct mechanisms of action, which results in improved efficacy and adherence compared to using a single drug alone, or monotherapy. This method is currently used in the treatment of acne and involves a topical retinoid drug that clears the pores, paired with an antimicrobial drug to tackle any infection. Examples of these combination therapies can be seen in products like Epiduo, Acanya, Ziana, and Benzamycin, which have been manufactured by Galderma, Allergan, Medicis, and Atrix respectively.
What are the major segments of the acne drugs market and their role in driving growth?
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 And Clinics, Pharmacies And Drug Stores, Other End Users
Subsegments:
1) By Inflammatory Acne Drugs: Antibiotics (Topical And Oral), Anti-inflammatory Drugs, Corticosteroids, Combination Therapies
2) By Non-Inflammatory Acne Drugs: Retinoids (Topical And Oral), Benzoyl Peroxide, Salicylic Acid, Alpha Hydroxy Acids (AHAs), Over-The-Counter (OTC) Treatments
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Which regions are key players in the growth of the acne drugs market?
North America was the largest region in the acne drugs market in 2024. Middle East is expected to be the largest growing region in the global acne drugs market during the forecast period. The regions covered in the acne drugs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the key firms paving the way for growth in the acne drugs market?
Major companies operating in the acne drugs market include 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., 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., Ranbaxy Laboratories, Stiefel Laboratories, BIOCAD, Zentiva (Sanofi), Gedeon Richter Plc, Polpharma SA Pharmaceutical Works, Egis Group, Dermira Inc., Estee Lauder Inc., Nimue Skincare International.
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What Is Covered In The Acne Drugs Global Market Report?
•Market Size Forecast: Examine the acne drugs market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the acne drugs market for a structured understanding.
•Key Players Overview: Analyze major players in the acne drugs market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the acne drugs market.
•Segment Contributions: Evaluate how different segments drive overall growth in the acne drugs market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the acne drugs market.
•Industry Challenges: Identify potential risks and obstacles affecting the acne drugs market.
•Competitive Landscape: Review strategic developments in the acne drugs market, including expansions, agreements, and new product launches.
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