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effects, including liver damage, birth defects, gastrointestinal illnesses, depression, and suicide, and was eventually withdrawn from the market as a result of a class action suit.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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. The growth of this market is majorly driven by increasing sales of temperature sensitive pharmaceutical products, longer life expectancy and rising geriatric population are some of the prominent factors.
16 September 2020
Visiongain forecasts a continuing growth in global market, submarket and product sales as human vaccines drive pharmaceutical business sales. New key players and technological progress will enter the industry, leading to an increase in the market size of the world market for human vaccines in general.
14 September 2020
The global ophthalmic ultrasound systems market is driven by factors such as the increasing prevalence of ocular disorders and diseases, adoption of novel ophthalmic technologies, rising focus on research & development, and growing health awareness amongst the population.
09 September 2020
The current COVID-19 pandemic is anticipated to have a minor impact on the overall outsourcing business outlook for global drug discovery. Also, significant growth during the COVID-19 pandemic is expected to be seen in the outsourcing of drugs and medicines needed to treat COVID-19 infections.