Market Size of Acne Therapeutics Industry
| Study Period | 2021 - 2029 |
| Market Size (2024) | USD 8.64 Billion |
| Market Size (2029) | USD 10.98 Billion |
| CAGR (2024 - 2029) | 4.89 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Acne Therapeutics Market Analysis
The Acne Therapeutics Market size is estimated at USD 8.64 billion in 2024, and is expected to reach USD 10.98 billion by 2029, growing at a CAGR of 4.89% during the forecast period (2024-2029).
COVID-19 significantly impacted the growth of the market during the pandemic period. The strict regulations imposed by government organizations led to a decline in patient visits to dermatology hospitals and clinics. For instance, an NCBI study published in November 2021 in the National Library of Medicine reported decreased patient volume capacity in dermatology clinics, fewer aesthetic procedures, and an increase in the use of virtual medicine by board-certified North American dermatologists. However, the relaxation of strict lockdown regulation in the post-pandemic period leading to an increase in the patient inflow to dermatology clinics is expected to drive the market growth in the forecast period.
The key factors propelling the growth of the acne therapeutics market are increasing sedentary lifestyles, the rise in disposable income of consumers, rising awareness about upcoming trends in acne treatments, and the high prevalence of acne globally.
Acne is the most common skin condition affecting late adolescents across the world. Acne vulgaris is a common heath problem affecting adolescents with a considerable impact on their quality of life. For instance, the data published by ClickPharmacy in May 2022 reported that 34% of United Kingdom adults have suffered from acne at some point in their life. The same source mentioned that 6.1% of men are currently suffering from acne when compared to 2.5% of women in 2022. Also, the article published by Sahel Medical Journal in March 2021, mentioned that the prevalence of acne vulgaris in South Nigeria was 37.3% with high prevalence in females (37.6%) than in males (36.7%). Thus, the rising incidence of acne will lead to increased adoption of acne therapeutics, thereby driving the market's growth.
Furthermore, in March 2021, Galderma launched a new digital campaign. "Me Being Me" for topical acne treatment with Aklief (trifarotene) Cream. The company spent much of the year educating patients about Aklief, which is the first new retinoid molecule to gain approval for acne vulgaris in more than 20 years. Such initiatives provide insight into the upcoming treatment for acne. These campaigns increase the growth of the market during the forecast period.
Thus, the high prevalence of acne among the global population and the rise in awareness of acne treatment is expected to drive the market during the forecast period. However, safety issues related to acne products and the entry of generics into the acne market are expected to hinder market growth.
