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. The 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.
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Some of the major players operating in topical use acne treatment market are
- Foamix Pharmaceuticals
- Stiefel Laboratories, Inc.
- Valeant Pharmaceutical International Inc.
- Johnson & Johnson Private Limited
- Ranbaxy Laboratories
- Bayer AG
- Guthy-Renker LLC
- Reckitt Benckiser PLC
- Actavis Plc
Global Topical Use Acne Treatment Market – Competitive Analysis:
The 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.
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
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Global Topical Use Acne Treatment Market Segmentation:
By drug class:
- Anti-Inflammatory Drugs
- Combination Medications
- Hormonal Agents
- Oral Retinoid
- Topical Retinoid
By route of administration:
- OTC Based
On the basis of geography:
- North America
- South America
- Middle East & Africa
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