The Infinium Global Research analyzes the Acne Drugs Market over the period of 2018 to 2024. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global acne drugs market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of acne drugs. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the acne drugs market during the period. The global acne drugs market is projected to grow at a CAGR of 4.4% over the forecast period of 2018-2024.
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Acne is caused due to excess oil produced by glands on skin and leaves mark or scar on the surface of skin. Face, neck, shoulder and chest are the place where acne usually appears. It is an inflammatory and chronic skin disease. Whiteheads, pimples, blackheads, cysts, and nodules are the result of acne. Intensification in androgen level during puberty causes acne. The cellular wall breaks, due to growth in oil glands under the skin that leads to acne. Lack of sleep, smoking, drug misuse, emotional and work-related stress, and alcohol consumption are major activates that causes acne. among teenagers and adults. Acne treatment depends on the skin type and the seriousness of the condition. A permanent cure to the acne problems is offered by Laser treatment that prevents future pigmentation issues.
Growing Demand of Cosmetic and Change in Lifestyles is Likely to Boost the Growth in the Market
Increasing consciousness of acne problems among the individual and awareness of the current and upcoming treatments is expected to drive the growth of the market. Growing demand of cosmetic and change in lifestyles is likely to boost the growth in the market. In addition, increase in per capita has encouraged customers to spend more on personal care. On the other hand, lack of expertise and skilled dermatologist are likely to restraint the growth of the market.
Moreover, availability of drugs without prescription and the preference for alternative therapies for treating acne has been restricting the sales of branded acne products. Furthermore, technology advancement and research conducted by pharmaceutical companies is likely to bring opportunities to this market. Moreover, high dispersion of pharmaceutical and biotech companies in the emerging regions such as LAMEA and Asia-Pacific bring growth opportunities in this market.
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North America is Expected to Have Largest Market Share for Acne Drugs Market
Among the regions, North America is expected to have largest market share for acne drugs market followed by Europe over the forecast period. Change in life style, increase in awareness about acne problem, and availability of acne treatment options are likely to boost the growth of acne drugs market in this region. Moreover, Asia-Pacific is the fastest growing region owing to the growth in end use industry in china and India is likely to augment the market.
Acne Drugs Market: Segmentation
The report on global acne drugs market covers segments such as, type, route of administration and drug class. On the basis of type the global acne drugs market is categorized into OTC and prescription. On the basis of route of administration the global acne drugs market is categorized into oral and topical. On the basis of drug class the global acne drugs market is categorized into antimicrobial, combination medications, antibiotics, anti-inflammatory drugs, hormonal agents, topical retinoid and oral retinoid.
Acne Drugs Market: Competitive Landscape
The report provides profiles of the companies in the global acne drugs market such as, Bayer HealthCare, Johnson & Johnson, Anterios, AndroScience, Reckitt Benckiser, Oculus Innovative Sciences, Aqua Pharmaceuticals, Skinvisible Pharmaceuticals, Cipher Pharmaceuticals and GlaxoSmithKline.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the acne drugs.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.