The "Global Topical Use Acne Treatment Market", By Drug Class (Antibiotics, Anti-Inflammatory Drugs, Antimicrobial, Combination Medications, Hormonal Agents, Oral Retinoid, and Topical Retinoid), By Route of Administration (Topical, and Oral), By Type (Prescription and OTC), By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
The new research report “Global Topical Use Acne Treatment Market” accounted to USD 4.9 billion in 2016 growing at a CAGR of 4.6% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Topical use acne treatment is used to reduce the severity and frequency of acne growth. Topical treatments such as retinoid, antibiotics and dapsone are used to unblock the pores and kill the bacteria making it effective for mild and severe acne treatment.
Global Topical Use Acne Treatment Market – Major market drivers and restraints:
- Rising disposable income
- Increased spending on drugs from various emerging economies
- Government Initiatives to better healthcare
- High global prevalence rate of acne,
- Rising health expenditures
- Stringent regulation
Global Topical Use Acne Treatment Market Segmentation:
By drug class the market for topical use acne treatment is segmented into antibiotics, anti-inflammatory drugs, antimicrobial, combination medications, hormonal agents, oral retinoid, and topical retinoid.
By route of administration the topical use acne treatment market is segmented into topical, and oral. By type the segmentation of the market is prescription and OTC Based.
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On the basis of geography, topical use acne treatment market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, andBrazil among others.
In 2017, North America is expected to dominate the market.
Global Topical Use Acne Treatment Market – Competitive Analysis:
The global topical use acne treatment market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.
The report includes market shares of topical use acne treatment market for global, Europe, North America, Asia Pacific and South America.
Global Topical Use Acne Treatment – Major Market Competitors:
Some of the major players operating in topical use acne treatment market are Foamix Pharmaceuticals, Allergan, Galderma, Stiefel Laboratories, Inc., Valeant Pharmaceutical International Inc., Johnson & Johnson Private Limited, Cipher, Ranbaxy Laboratories, GlaxoSmithKline, Teva, Ranbaxy, Bayer AG, Dermira, Guthy-Renker LLC, Reckitt Benckiser PLC, and Actavis Plc among others.
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