Acne Medication Market Expansion Forecast Over 2020-2024 | Top 4 Factors Driving Global Industry

U.S. acne medication market size was valued at nearly US$2,331.5 million in 2017 and is slated to grow substantially by 2024. Unhealthy eating habits, the growing trend of consuming fast-food, and excessive utilization of chemical-based cosmetics to enhance aesthetics have resulted in an increased number of acne problems among Americans.

As per the American Academy of Dermatology, acne problems are considered the most common skin disease in the country that affects nearly 50 million people annually. In addition, more than 15% of these individuals have chronic acne that causes scarring of the skin.

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The escalating prevalence of chronic acne globally will augment the acne medication market growth in the forthcoming years. Reportedly, nearly 80% of the acne cases worldwide are caused due to genetic disorders. In 2015, approximately 633 million people worldwide were affected by acne, making it the eighth-most common disorder.

Excessive hormonal stimulation during puberty causes the oil glands to enlarge and secrete more oil and sebum. These are some of the primary causes of acne problems among teenagers. As per a recent study, the skin problem affects more than 85% of teenagers. Reportedly, the sales of acne medication among people aged between 10-16 years will rise considerably at a 6.8% CAGR in the forthcoming years.

The increased sales of topical acne products can be majorly attributed to their widespread application in treating moderate level acne. The availability of a wide array of products such as gels and creams containing benzoyl peroxide, salicylic acid, and antibiotics would benefit patients suffering from the different types of acne.

Azelaic acid is a common prescription drug which is used for the treatment of mild to moderate acne vulgaris. Azelaic acid-based skin care products are beneficial in reducing pore blockages, minimizing inflammation of acne blemishes, and improving post-inflammatory hyperpigmentation, making them highly preferable among consumers.

Reportedly, the azelaic acid product segment is projected to grow significantly at a CAGR of 7.6% up to 2024. A large pool of people suffering from severe acne problems will fuel up the demand and adoption rate of acne medication.

Leading companies constituting the global acne medication market include Bayer Healthcare, Valeant Pharmaceuticals, Galderma, Allergan, and Johnson & Johnson. These firms are majorly emphasizing on growth and expansion strategies such as acquisitions, mergers, and new product development to consolidate their global market position.

Acne medication side effects depend on the method and type of treatment used to nurse acne problems. The commonly caused side effects of topical drugs are skin dryness and irritation, and on the other hand, oral drugs cause upset stomach, lightheadedness, and dizziness. Such side effects of acne medication could lower its demand and impact the high adoption rate for aesthetic purposes. However, ongoing R&D activities pertaining to the formulation of effective acne medication will bolster the industry outlook.

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Partial Chapter of the Table of Content

Chapter 4.     Acne Medication Market, By Formulation

4.1. Global acne medication market share, by formulation, 2017 & 2024

4.2. Topical

4.2.1.  Market estimates and forecast, by region, 2013 – 2024 (USD Million)

4.3. Oral

4.3.1.  Market estimates and forecast, by region, 2013 – 2024 (USD Million)

Chapter 5.     Acne Medication Market, By Product

5.1. Global acne medication market share, by product, 2017 & 2024

5.2. Retinoids

5.2.1.  Market estimates and forecast, by region, 2013 – 2024 (USD Million)

5.3. Antibiotics

5.3.1.  Market estimates and forecast, by region, 2013 – 2024 (USD Million)

5.4. Salicylic acid

5.4.1.  Market estimates and forecast, by region, 2013 – 2024 (USD Million)

5.5. Benzoyl peroxide

5.5.1.  Market estimates and forecast, by region, 2013 – 2024 (USD Million)

5.6. Azelaic acid

5.6.1.  Acne medication market estimates and forecast, by region, 2013 – 2024 (USD Million)

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