Acne Treatment Market Size, Share, and Forecast 2030

The global acne treatment market size is projected to reach USD 16.9 billion by 2030 and registering a CAGR of 16.9% from 2022 to 2030.

Acne is considered to be a global problem which is classified under various types depending upon the degree of complexities involved. The eruption of acne is a result of clogged skin pores which is filled with oil secretions and dust. The infection which is resulted over a period of time presents itself in the form of an acne. Acne is a common problem which is seen among the people belonging to various age groups respective of their gender.

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Regional Snapshots

The Asia Pacific region is considered to be the largest market for acne treatment. A very high importance is given to the aesthetic appearance of the skin of a person. As a result of this rapid growth of the acne treatment market has been observed over the period of time.

The region of South Korea has also shown or tremendous growth in the market as a result of high consumption of cosmetics by the people. The countries like China also make use of cosmetics on a large scale in order to treat the problem of acne. Acne being a global skin disorder has observed a tremendous growth due to the heavy consumption of medicines and retinoid.

The reason of North America has also shown a tremendous boost as a result of the huge population suffering with the problem of acne.

Key Takeaways:

North America acne treatment market size was valued at USD 5.2 billion in 2021.

By route of administration, the topical segment held 62% market share in 2021.

By product, therapeutics treatment segment contributed revenue share of around 80% in 2021.

North America region hit 44.7% revenue share in 2021.

Market dynamics

Drivers

Acne is a very common condition that is seen in the youngster and teenagers all over the world. In case this problem is not treated on time it leads to severe scar formation on the skin and also leaves behind hyperpigmented marks that take a very long time to disappear. Hence, the market of acne treatment observes a tremendous growth due to the heavy demand of creams and oceans in order to prevent the occurrence of acne and to treat the existing ones. Along with acne the problem of hyperpigmentation also needs to be taken care of which is a common after effect seen in most of the people.

The occurrence of acne on the skin is usually not age specific and can appear in people of all age groups. The use of cosmetics and retinoids have been observed on a large scale in the television industry where having a clear skin is of great importance.

Restraints

The shortage of disposable income available with the people has proved to be a restraining factor for the growth of the market during the forecast period. With increasing cost of cosmetics and antibiotics, it has become very difficult for the common person to take advantage of these advanced acne treatments. Increasing awareness regarding health has also decrease the prevalence of acne among the people as a result of the healthy food habits followed by them.

The regular hospital visits and follow-ups' were hampered during the covid pandemic in order to avoid the risk of cross infection. This hampered the growth of the acne treatment market tremendously as the discontinued treatments deflected the patient chain. The future side effects of using chemically formulated creams and lotions have proved to be a restraining factor for the market. These multiple reasons proved to be a restraining factor for the market.

Opportunities

With the rapidly increasing stress among the people the lifestyle has been greatly altered which leads to the development of acne and other skin disorders among the people. The long working hours followed by the multinational companies hampers the health of the individuals which leads to the development of multiple skin disorders. With the increasing urbanization the food habits of the people have also altered to a great extent.

The increasing consumptions of fast food and Pride food items have increased the prevalence of acne among the people. The rapid research and development which is carried out by the key market players has resulted into launching of applications with advance technology which show results in a short period of time. These multiple reasons prove to be great opportunities for the acne treatment market.