Global Acne Drugs Market Status, Trends and COVID-19 Impact Report 2021, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Acne Drugs market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Digital Evidence Management market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region.
The global acne drugs market size was US$ 2.1 billion in 2021. The global acne drugs market is forecast to grow to US$ 6.1 billion by 2030 by registering a compound annual growth rate (CAGR) of 13.1% during the forecast period from 2022 to 2030.
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Acne medications are used to treat acne problems. The most popular acne medications include benzoyl peroxide, azelaic acid, and salicylic acid. Acne pharmaceuticals are therapies that are applied directly to the exposed or damaged skin. Acne is a significant skin condition that frequently causes psychological and emotional problems.
Factors Influencing the Market
Rising cases of skin-related problems and unhealthy lifestyles of people will fuel the growth of the global acne drug market during the forecast period. In addition, growing disposable income and a rising number of lunches of effective acne medications will also contribute to the growth of the market.
Mounting concerns for consumers’ own physical appearances is set to develop the acne drugs market growth. Owing to changing lifestyles and high prevalence among teens have tended to prompt the drug demand. In addition, rising pollution levels and associated skin problems will also boost the demand for acne drugs during the study period.
On the contrary, side effects associated with acne remedies may limit the growth of the market.
Regional Analysis
North America is forecast to hold the highest share in the global acne drugs market, owing to the rapidly rising cases of acne in the region. A study by the American Association of Dermatology states that nearly 50 million people suffered from acne in 2020. In addition, more than 4% of the population in Australia suffered from the long-term condition of acne. Further, growing awareness about the effective acne therapies will contribute to the growth of the acne drugs market during the forecast period.
The Asia-Pacific acne drugs market will also record potential growth due to the growing demand for acne therapeutics. In addition, increasing healthcare expenditure and growing awareness about advanced therapeutics will bolster market development.
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COVID-19 Impact Analysis
The demand for acne drugs reduced as a result of the frequent visits to the doctor. Almost every healthcare body started focusing on offering adequate treatment to the COVID-19-affected patients. Moreover, the threat of the virus limited everyone from going to clinics. As a result, it affected the growth of the acne drugs market.
Competitors in the Market
? Sun Pharmaceuticals Industries Limited
? Johnson & Johnson
? Almirall SA.
? Teva Pharmaceuticals Industries Limited
? Valeant Pharmaceuticals Industries Limited
? Glaxo SmithKline Plc
? Mylan N.V.
? Mayne Pharma Group Limited
? Nestle SA
? Bausch Health Companies Inc.
? Other Prominent Players
Market Segmentation
The global acne drugs market segmentation focuses on Therapeutic Class, Formulation, Type, Acne Type, Distribution Channel, and Region.
By Therapeutic Class
? Retinoid
o Topical Retinoid & Combination Retinoid
o Oral Retinoid (Isotretinoin)
? Antibiotic
? Topical Antibiotic & Combination Antibiotics
o Oral Antibiotics
o Salicylic Acid
o Benzoyl Peroxide
? Other medications
By Formulation
? Topical Medication
? Oral Medication
By Type
? Prescription Medicine
? Over-the-counter medicines
By Acne Type
? Non-inflammatory acne
? Inflammatory acne
By Distribution Channel
? Retail Store
? Pharmacy & Drug Store
? E-Commerce
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By Region
�?� North America
o The U.S.
o Canada
o Mexico
�?� Europe
Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
�?� Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
�?� Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
�?� South America
o Brazil
o Argentina
o Rest of South America
What is the goal of the report?
? The market report presents the estimated size of the market at the end of the forecast period. The report also examines historical and current market sizes.
? During the forecast period, the report analyzes the growth rate, market size, and market valuation.
? The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets.
? The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance
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