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Global Acne Vulgaris Market: High Awareness and Affordability Major Factors for North America’s Contribution to Global Market, says TMR Research
The analysis presented in the report is based on extensive data collected from primary and secondary sources and interviews conducted with industry experts. Included in the report is micro and macro-economic factors, regulations, and trends that will impact the market’s growth over the forecast period.
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Acne vulgaris is a chronic disorder of the sebaceous follicles in the human body. It generally affects the pilosebaceous glands that are present in the skin of face, chest, and back. Successful disease management requires better understanding of various pathogenic elements and determining the causative factors for acne in patients.
An array of topical and systemic drugs available are set to enhance therapeutic options for a large number of patients depending on the stage of the disease. Topical retinoid, hormonal therapies, oral isotretinoin, combination therapy, and antibiotics are some of the major therapies in practice for treating acne vulgaris.
The major factors driving the growth of acne vulgaris market include increasing incidence of skin infections, rising demand for innovative therapeutics, and increasing affordability for novel therapeutics worldwide. Acne vulgaris is present in large numbers in some parts of the world. At present, increasing awareness about the treatment options for acne vulgaris and increasing awareness about secondary infection related to acne vulgaris is further aiding the market’s growth.
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The introduction of novel drugs such as Galderma Epiduo and a number of pipeline drugs such as AndroScience’s ASC-J9 will further aid the market’s growth. Furthermore, development of alternate treatment options such as phototherapy, which are expected to be commercialized soon will further boost the market’s growth. However, the growth of the market is restrained due to the reluctance of pharmaceutical companies to invest in research and development for acne vulgaris on account of poor investment returns.
In terms of geography, North America is the leading market for acne vulgaris closely followed by Europe. The key factors responsible for the growth of this regional market include high awareness about treatment options for acne vulgaris and affordability among individuals to undertake treatment for the same.
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Some of the major companies operating in the global acne vulgaris market include AndroScience Corporation, Boehringer Ingelheim GlaxoSmithKline plc GmbH, Galderma S.A., Quest PharmaTech Inc., Valeant Pharmaceutical International Inc., Ausio Pharmaceuticals LLC, Photocure ASA, Hygeia Therapeutics Inc., and Sol-Gel Technologies Ltd.
About TMR Research
TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.
Our savvy custom-built reports span a gamut of industries such as pharmaceuticals, chemicals and metals, food and beverages, and technology and media, among others. With actionable insights uncovered through in-depth research of the market, we try to bring about game-changing success for our clients.
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