Acne Treatment Market : Oral Segment to Account for 37.4% Revenue Share by End of 2017
According to the latest study by Persistence Market Research (PMR), 20% of people below 13 years of age suffer from acne issues. Hence, the market value of acne treatment market is anticipated to reach $7,348 million by the end of 2025.
New York, NY -- (SBWire) -- 08/30/2017 --Changing demographics and social habits have changed the average age of acne, reducing it to 11-12 years from 14-15 years of age. Moreover, the habit of self-medication encouraged by some misleading advertising and media content has resulted in more complications. Due to all these reasons, there has been a significant increase in the demand for acne treatment in last few years.
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Changing social habits are promoting the onset of acne, therefore the demand for acne treatment is also rising. According to a study, inflammatory acne, by acne type will dominate global acne treatment market, expanding at 5% CAGR during 2017-2025.
People who suffer from acne are seeking medical help in form of treatments. According to the statistics from acnetreatment.org.uk, 92% of people suffering from acne have undergone a depression, while 14% have felt suicidal tendencies. Hence, there has been an increase in demand for acne treatment which in turn is driving the demand in global acne treatment market.
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Dermatologists are focusing on using less invasive methods as compared to surgical methods to treat acne or other skin diseases. Hence, the demand for minimum invasive cosmetic treatment is also rising. Well-documented procedures and the better patient-physician relationship has also has increased the demand for treatments for skin and facial problems. Moreover, the demand for faster treatment and quicker results will increase the demand for procedures, such as laser treatment.
Laser treatment is considered to be a permanent treatment and reduces future problems such as pigmentation issue, the growth of facial hair, etc. Clinicians also suggest combining therapy to treat and minimize the occurrence of acne, for example, combining retinoid with the topical antibiotic. Availability of well-trained dermatologist who can effectively treat patients will contribute towards the growth of acne treatment market. Designing medication including simplified dosages which suits patient's lifestyle will also boost the demand for acne treatment.
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Region-wise, Europe acne treatment market is witnessing the dominance by inflammatory acne segment in the terms of revenue. APAC is also set to see a rise in inflammatory acne, registering 5.4% CAGR. The report also reveals that the presence of inflammatory acne will remain relatively high in 2017 and beyond.
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