Industry Background:
Acne is a common dermatological condition, affecting more than 9.4 million worldwide. Acne refers to a skin disorder that leads to the outbreak of lesions called pimples. Acne drugs helps to reduce oil production, speeding up skin cell turnover, fighting bacterial infection or reducing inflammation which helps prevent scarring. Acne Drugs market is expected to grow exponentially during the forecast period owing to the unhealthy lifestyle among the population. Rise in androgen (estrogen, in women) levels during puberty trigger the onset of this condition by enlarging oil glands under the skin is also driving the acne drug market.This growth is primarily driven by Increasing Prevalence and Severity of Acne
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | Unit |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Pharmaceuticals sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Kate Somerville (United Kingdom), Differin (United States), Epiduo (United States), Allergan Plc (Ireland), Bayer (Germany), Galderma (Switzerland), Stiefel (United States), Bausch Health (Canada) and Beiersdorf AG. (Germany), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In November 2022, Heyday, a forward-thinking consumer products company that prioritizes a digital-first approach to brand development, acquired ZitSticka. ZitSticka is widely recognized for its exceptional range of effective products tailored for acne treatment and prevention. This strategic acquisition reinforces Heyday's significant presence in the personal care industry and positions the company as a frontrunner in the rapidly expanding market segment of acne patches.
In May 2023, Crown Therapeutics, a division of Crown Laboratories, is delighted to unveil the additions to its acclaimed PanOxyl® product line. The expansion includes the introduction of the PM Balancing Repair Moisturizer and the reformulation of the existing AM Oil Control Moisturizer. This development further enhances the diverse and highly regarded portfolio of PanOxyl®.The competitive landscape of acne drugs is characterized by a diverse range of players vying for market share. These companies offer a variety of treatments and products aimed at addressing acne and its associated symptoms. Innovation, research and development, and clinical efficacy are key factors driving competition in this sector. Players in the acne drugs market focus on developing novel formulations, improved delivery systems, and targeted therapeutic approaches to gain a competitive edge. Marketing strategies, pricing, and partnerships with dermatologists and healthcare professionals also play significant roles in capturing market attention and expanding their customer base. Overall, the acne drugs market is highly competitive, with companies constantly striving to meet the evolving needs of consumers and establish themselves as leaders in this space.
Regulatory Insights:
According to the FDA, The final rule lists all permitted active ingredients for OTC topical acne products, and their respective permissible concentrations and ingredient combinations, as set forth in 21 CFR 333.310 and 21 CFR 333.320. The monograph, as amended by the final rule, permits the use of three single active ingredients and two combinations of active ingredients.
Influencing Trend:
Rising Adoption of Skin Care Products through E-commerce
Market Growth Drivers:
Increasing Prevalence and Severity of Acne, Unhygienic Lifestyle and Excessive Production of Oil from Sebaceous Glands have Increased the Prevalence of Acne and Rise in Concern for Facial Aesthetics
Challenges:
Side Effects Associated with the Intake of Acne Drugs such as Redness of the Skin, Skin Rash, etc
Restraints:
Stringent Government Rules and Regulation for Acne Drugs
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Acne Drugs Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Acne Drugs Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Acne Drugs players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Acne Drugs Study Sheds Light on
The Acne Drugs Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Acne Drugs industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Acne Drugs industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.