Acne Medication Market Trends, Growth, and Future Outlook (2024-2032) | Allergan Plc, Glaxosmithkline Plc, Johnson Johnson, Mayne Pharma Group Limited

Global Acne Medication Market presents a variety of new trends that have a significant impact on market growth dynamics as well as the most recent industry knowledge. According to the most recent projection, global growth will reach its lowest point this year at 2.8% before edging up to 3.0% in 2024. Although more slowly than expected, the rate of global inflation will drop from 8.7% in 2022 to 7.0% this year and 4.9% by 2024. Notably, growth rates for emerging markets and developing economies have increased significantly in many cases, from 2.8 percent in 2022 to 4.5% this year.

The global acne medication market size was US$ 8.8 billion in 2021. The global acne medication market is forecast to grow to US$ 13.6 billion by 2030 by registering a compound annual growth rate (CAGR) of 6.1% during the forecast period from 2022 to 2030.

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Acne vulgaris also referred to simply as acne, is a common skin disorder that develops when the hair follicles get blocked with debris, excess oil, and dead skin cells. It may also be accompanied by scars, whiteheads, blackheads, and pimples. Acne is usually categorized into inflammatory acne and non-inflammatory acne.

Factors Influencing the Market
The global acne medication market is forecast to record tremendous growth due to rising awareness of efficient therapeutics in acne treatment. In addition, growing cases of acne disorders will fuel the growth of the acne medication market during the forecast period.
Continuous advancements in the medications and growing knowledge of acne medication choices will also fuel the growth of the acne medication market. For instance, Galderma launched Aklief, an acne treatment medication, in 2019. Acne treatment is made more efficient and effective by this medicine since it targets the retinoid receptor gamma in the skin’s retinoic acid receptor (RAR). The firm will be able to expand its activities in South Korea as a result of this strategic choice. Further, several CAM therapies are gaining substantial traction, which will boost the market growth during the forecast period.
Growing consumer disposable income and consciousness among adults about physical appearance will also benefit the acne medication market. Further, a growing number of research activities in the region will contribute to the growth of the acne medication market during the study period.
For example, Eligo Bioscience and GlaxoSmithKline established a research partnership in January 2021. Modern CRISPR-based medicinal technology is used in the acne vulgaris treatment offered by Eligobiotics. The firms hope that this strategic alliance will hasten research and development efforts, giving the company a competitive edge.
On the flip side, the risk of blood clots associated with acne medication may limit the growth of the market.

COVID-19 Impact Analysis
The COVID-19 pandemic has had a significant negative impact on the acne medication market. Due to the pandemic, research activities and funding in this sector were halted. Apart from that, the focus of the healthcare industry shifted towards developing the drugs for COVID-19 infection. As a result, it hampered the growth of the market.

Regional Analysis
North America is forecast to hold the highest share in the acne medication market, owing to the significant advancements in acne treatment. The Asia-Pacific acne medication market will also record notable growth due to rising population, an increase in the number of product launches, high demand for acne therapeutics, and rapidly rising healthcare expenditure.

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Competitors in the Market
• Allergan Plc
• Glaxosmithkline Plc
• Johnson Johnson
• Mayne Pharma Group Limited
• Mylan N V
• Nestle S A
• Pfizer Inc
• Sun Pharma
• Teva Pharmaceutical Industry Ltd
• Valeant Pharmaceutical International
• Other Prominent Players

The report furnishes an intricate comprehension of each segment, delivering potential estimations for principal applications and insights into emerging prospects. Every regional market is meticulously scrutinized to ascertain its potential for growth, development, and demand in the forthcoming years.

As of the end of 2022, the Acne Medication industry experienced notable growth in its workforce. Starting in January, employment within the Acne Medication sector exceeded its pre-COVID levels, resulting in an expansion of payrolls by over 15,000 employees throughout the course of the year. The global Acne Medication output demonstrated a remarkable increase of 5.2% during 2021, primarily attributed to a widespread economic upswing and a surge in demand for commodities. However, the momentum shifted in 2022, with the global industrial sector’s production contracting. This reversal followed a robust expansion in 2021, fueled by altered consumer spending patterns and substantial fiscal support.

Forecasts indicate that the global Acne Medication output is set to rise by approximately 2.9% in 2023. This projection is underpinned by the gradual recovery of production in Western Europe from its previous troughs, as well as a rebound in output across the Asia/Pacific region. Maintaining its dominant position, China, accounting for nearly 45% of the global Acne Medication market, remains both its largest producer and consumer. Remarkably, China’s market share has surged since 2010, when it stood at around 26%. This ascent has led to a substantial contribution to the nation’s GDP. Notably excelling as a top exporter, China leads in various sectors, including silicon, PVC, and several specific segments of the Acne Medication market.

Market Segmentation
The global acne medication market segmentation focuses on Formulation, Product, Type, Acne Type, Distribution Channel, and Region.
By Formulation
• Topical
• Oral

By Product
• Retinoids
• Antibiotics
• Salicylic Acid
• Benzoyl Peroxide
• Azelaic Acid
• Others
By Type
• Prescription
• OTC
By Acne Type
• Inflammatory Acne
• Non-Inflammatory Acne

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By Distribution Channel
• Retail Stores
• Pharmacies & Drug Stores
• E-commerce
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

(*Note: The historical years and projected period in the report are flexible and can be tailored upon request. Additionally, the scope of the published report is adjustable to meet specific requirements, and customized analyses based on particular geographies or countries can be included as part of the customization.)

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Table of Contents:

Chapter 1: Introduction to the Global Acne Medication Industry

Chapter 3: Dynamics of the Market

Chapter 4: Profiles of Leading Companies

Chapter 5: Competition in the Global Acne Medication Market among Players

Chapter 6: Market Size across Global Regions

Chapter 7: Application Segments in the Global Market

Chapter 8: Segment Analysis of the Global Acne Medication Industry

Chapter 9: Market Chain, Sourcing Strategies, and Downstream Buyers

Chapter 10: Strategies and Key Policies by Distributors/Suppliers/Traders

Chapter 11: In-depth Analysis of Key Marketing Strategies by Market Vendors

Chapter 12: Evaluation of Market Impact Factors

Chapter 13: Forecasted Global Acne Medication Market Size (2024-2032)

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Key Questions Market Research and Analysis Report

• What is the current market size, both in terms of value and volume?
• What is the historical growth rate of the market, and what are the projected growth rates for the future?
• Who are the major players in the market, and what is their market share?
• What are the market trends and dynamics influencing the industry?
• What are the key drivers of market growth?
• What are the challenges and barriers faced by market participants?
• What are the emerging opportunities in the market?
• What is the competitive landscape of the market?
• What are the consumer preferences, behaviors, and buying patterns within the market?
• What is the market segmentation, and how are different market segments performing?
• What are the pricing trends and strategies in the market?
• What are the distribution channels and their effectiveness in reaching the target audience?
• What are the regulatory and legal factors impacting the market?

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