The global acne therapeutics market is anticipated to grow at a significant CAGR during the forecast period. The major factor driving the growth of the global acne therapeutics market includes the growing prevalence of acne vulgaris, owing to the sedentary lifestyles amongst the population. Acne vulgaris is a commonly occurring chronic skin condition that involves the blockage and/or inflammation of the pilosebaceous units which are hair follicles and the sebaceous gland accompanied to it. The inflammatory reaction is accompanied by excessive sebum production with hyperkeratinization (accumulation of dead cells). Acne can be a mixture of both inflammatory lesions and non¬-inflammatory lesions. Another factor anticipated to propel the market growth includes rising per capita spending on acne treatment options owing to the growing awareness regarding it.
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The sedentary lifestyle is attributed to urbanization. Owing to this the people are more tend to focus on physical appearance, leading to an upsurge in cosmetic utilization. However, the moving shift of people towards the physical appearance and technological advancements and innovations for the treatment of acne are the major factors responsible for the growing spending in acne treatment globally and thus aiding the market growth.
The key players contributing to the growth of the global acne therapeutics market by adopting various strategies such as product launches & developments, mergers and acquisition, partnerships, and agreements, includes 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., among others. For instance, billion in January 2020, Eli Lilly & Co. is planning to acquire Dermira Inc., medical dermatology company, in a deal valued at $1.1.
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Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered-
- By Type
- By Route of Administration
- Competitive Landscape- Aclaris Therapeutics Inc., Allergan PlcEli Lilly and Co., F. Hoffmann-La Roche AG, LEO Pharma A/S, GlaxoSmithKline Plc, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
- Recovery Timeline
- Deviation from pre-COVID forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Acne Therapeutics Market by Segments
By Type
- Medication
- Other Treatment
By Route of Administration
- Oral
- Topical
- Parenteral
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