The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s acne drugs market report forecasts the acne drugs market size to grow to $6.90 Billion by 2027, with a CAGR (compound annual growth rate) of more than 4%.
Learn More On The Acne Drugs Market Report 2023 – https://www.thebusinessresearchcompany.com/report/acne-drugs-global-market-report
Acne Drugs Market Size Forecast
The global acne drugs market is expected to 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 global acne drugs market size is expected to grow to $6.90 billion in 2027 at a CAGR of 4.7%.
North America held the largest acne drugs market share, and Middle East was the fastest-growing region in 2022.
Key Acne Drugs Market Driver – Increase In The Disposable Income Of People
According to the Office For National Statistics (UK), in 2020, the average household disposable income in the UK was £30,800 ($37,830), an increase of 2.3% from 2019. The rise in disposable income and increased expenditure on facial care products is expected to continue, thereby driving the market in the forecast period.
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Key Acne Drugs Market Trend – Adopting 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.
Acne Drugs Market Segment
1) By Type: Inflammatory Acne Drugs, Non-Inflammatory Acne Drugs
2) By End User: Hospitals & Clinics, Pharmacies & Drug Stores, Ambulatory Surgical Centres
3) By Therapeutic Class: Retinoids, Antibiotics, Salicylic Acid, Benzoyl Peroxide
Acne Drugs Market Major Players and Strategies
Major players 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, Foamix Pharmaceuticals, BioPharmX, In, Roche Holding AG, F. Hoffmann-la Roche Ltd., Anterios Inc., AndroScience, Oculus Innovative Sciences, Aqua Pharmaceuticals, Skinvisible Pharmaceuticals and Prestium Pharma Inc.
In December 2021, Sanofi S.A., a France based pharmaceutical and healthcare company specialising in drug development and commercialization, acquired Origimm Biotechnology GmbH for an undisclosed amount. Through this acquisition, Sanofi increases its vaccine R&D pipeline, skin microbiome and skin immunology expertise, and treatment options for acne disease. And the product will reach the rest of Europe. Origimm Biotechnology GmbH is an Austria based pharmaceutical company pioneering in the identification of pathogenic skin microbiome components and skin disease-causing bacterial antigens.
The Acne Drugs Global Market Report 2023 covers regional data on acne drugs market size, acne drugs market trends and drivers, opportunities, strategies, and acne drugs market competitor analysis. The countries covered in the acne drugs market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Acne drugs refer to medications that aid in the treatment of acne scarring, blackheads, whiteheads, and other more severe types of the condition. It functions either by treating bacterial infections or by lowering edoema and oil production. Usually, it takes four to eight weeks before prescription acne medications start to work. Your acne might not go away completely for several months or even years.
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