The global acne therapeutics market is projected to grow significantly during the forecast period. Acne increases the sebum production, colonization by Propionibacterium acnes, hyperkeratinization, and subsequently results in inflammatory reaction. It is a chronic disease that commonly occurs in adult populations as well as adolescents. The key factors that drive the growth of the market include the rising prevalence of acne vulgaris amongst the population due to the sedentary lifestyles. An upsurge in the per capita spending along with the increased awareness regarding the acne treatment options is also estimated to propel the market growth during the forecast period.

Further, spending on cosmetic procedures is on a significant rise throughout the globe. Urbanization is leading to a modern lifestyle which has urged individuals to focus on physical appearance, thus more and more individuals are opting for various cosmetic products. An increasing obsession with physical appearance, rising disposable income, and the availability of technologically advanced & user-friendly products are the major factors that have played an imperative role in the increased spending on the acne treatment and hence spurred the growth of the market. Moreover, the availability of many over-the-counter drugs, a pipeline of drugs, regulations & guidelines for acne treatment, and favorable reimbursement scenario are also anticipated to fuel the market growth.

However, lack of awareness, higher cost of the R&D processes for the drug development, side effects associated with the medications, uncertainty of results & time-consuming process; lack of skilled dermatologists are some of the factors that are projected to hamper the market growth during the forecast period.

Segmental Outlook

The global acne therapeutics market is segmented on the basis of treatment, and route of administration. Based on the treatment, the market is further segmented into medications that include and other treatment. The medication segment further includes retinoids, antibiotics, hormonal drugs, anti-inflammatory drugs, and others. Whereas the other treatment options include laser & photodynamic therapy, chemical peel, and extraction of whiteheads & blackheads Based on the route of administration, the market is segmented into the oral, topical, and parenteral route of administration. 

Global Acne Therapeutics Market by Treatment, 2019 (%)

Medications Segment is Projected to Hold a Significant Market Share 

Amongst the treatment segment of the market, the medication segment is estimated to hold the most considerable share in the market growth. The segmental growth is attributed to the availability of a wide variety of medications for acne treatment. Medications segment further includes drugs such as retinoids, antibiotics, hormonal drugs, anti-inflammatory drugs, and others in the form of oral, topical, or parenteral administrations. Medications are primarily used as a treatment method, after which patients were prescribed laser treatments. Retinoids drugs are usually used for the treatment as it has the first-line action.  Along with the forthcoming approval of pipeline products, retinoids are expected to hold a significant market share. Besides, hormonal drugs are also commonly used among patients.

Regional Outlook

The global acne therapeutics market is geographically segmented into North America, Europe, Asia-Pacific, and the Rest of the World. North America is projected to hold a considerable share in the market. The regional growth of the market is attributed to the significant rise in the population with the age group, ranging between 18 and 64. For instance, as per the US Census Bureau in 2017, the total population in the US was 325.7 million, of which 62% was constituted by 18-64 age group people. This, in turn, is contributing to the increasing consciousness about physical appearance coupled with the demand for advanced treatment options for acne in the region. Further, Asia-Pacific is also projected to register significant growth to the market especially in emerging economies such as India and China during the forecast period. 

Global Acne Therapeutics Market, by Region 2019 (%)

Market Players Outlook

Numerous major players are operating in the acne therapeutics industry providing various medications and other treatments for acne. Some of the prominent players operating in the global acne medication market include Aclaris Therapeutics Inc., Allergan PlcEli Lilly and Co., F. Hoffmann-La Roche AG, LEO Pharma A/S, GlaxoSmithKline Plc, Mylan NV, Novartis AG, Pfizer Inc., Teva Pharmaceuticals Industries Ltd., and others. Apart from these, various players are offering treatment options other than medications which include Alma Lasers Ltd., Cynosure Inc., Suneva Medical Inc., and others.

These key companies are adopting several organic and inorganic growth strategies such as product launches & developments, partnerships, agreements, and acquisitions to strengthen their product portfolios and maintain a competitive position in the global acne therapeutics market. For instance, in January 2020, Eli Lilly & Co. announced its plans to buy medical dermatology company Dermira Inc. in a deal valued at $1.1 billion. The Menlo Park business that Lilly is acquiring focuses on the treatment of common skin conditions. One product in its pipeline is an eczema treatment called Lebrikizumab that was granted Fast Track designation from the US FDA in December 2019. This acquisition has significantly expanded the existing product line of Eli Lilly & Co.

The Report Covers

• Market value data analysis of 2019 and forecast to 2026.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global acne therapeutics market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.