“Acne Drugs Market Worth $4.45 Billion in 2019”, says Visiongain report
19 December 2019
Visiongain’s new report the Acne Drugs Market Report 2019-2029 : Forecasts by Type (Comedonal, Inflammatory, Cystic, Post-Surgical/wound), by Therapeutic Class(Retinoid, Hormonal Agent, Antibiotic, Combination, Others), by Mode of Administration (Topical, Injectable, Oral) plus analysis of leading companies indicates that the global Acne Drugs market will attain $6.8 billion in revenue by 2029.
Global Acne Drugs market is expected to grow on account of the rising burden of chronic diseases and growing impact of biologics in drug discovery and therapeutics. The market is expected to grow at a healthy CAGR of 4.3% over the projected period.
Acne is a skin disorder that happens when the pores of the skin are obstructed by oil and dead skin cells. Acne mainly impacts adolescents; at least a mild type of this disorder is experienced by over 85% of the population. It happens most frequently on the face, chest, back, shoulders, and neck. Acne similarly affects young males and females, but distinctions exist. Men are more probable to have serious, more durable types of acne than females. In comparison, because of hormonal modifications associated with their menstrual cycle and acne induced by cosmetics, females are more probable to have intermittent acne.
Acne is projected to affect 9.4% of the world's population, making it the world's eighth most common disease. Because of hormonal modifications, it is most prevalent in teenagers and young adults. In 80% of instances, a genetic function is believed to be the main cause. Americans spend an estimated $3 million a year on acne therapy, and 30% depend on OTC products. Many efficient acne treatments, such as antibiotics, benzoyl peroxide, retinoids, and salicylic acid, are available in the market.
Some acne treatments, however, have become controversial. For instance, accutane had severe side effects, including liver damage, birth defects, gastrointestinal illnesses, depression, and suicide, and was eventually withdrawn from the market as a result of a class action suit. While many of the medicines are efficient, these products' complex regimen and side impacts contribute to bad adherence, which undermines therapy achievement. There is space for enhancement in this treatment region as no new products have been on the market in 10 years since the same products have been repurposed by pharmaceutical companies.
Innovation in acne treatment is long overdue but the therapy pipeline looks promising. Current acne treatments are effective, but there are complex regimens and common side effects. Better knowledge of acne pathology leads to fresh, safer, therapy goals being identified, and dermatologists and field scientists are enthusiastic about the pipeline.
.In 2019, North America Acne Drugs market accounted for more than 30% of overall market share. With strong economic growth, changing lifestyle, unhealthy diets and easily availability of acne treatment products, North America acne drugs market is anticipated to retain its position over the forecast period.
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