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Acne Medication Market Size

Report ID: GMI3010
Published Date: Nov 2022
Report Format: PDF

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Acne Medication Market Size

Acne Medication Market size exceeded a valuation worth USD 9.9 billion in 2022 and is projected to witness over 5.5% CAGR from 2023 to 2032.

Acne Medication Market Overview

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A noticeable surge in the number of people dealing with severe acne issues may stimulate demand for acne medication over the forthcoming years. A number of factors, including smoking, excessive sebum secretion, unhealthy dietary habits, and hormonal changes, may result in acne breakouts.

Acne Medication Market Report Attributes
Report Attribute	Details
Base Year:	2022
Acne Medication Market Size in 2022:	9.9 Billion (USD)
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	5.5%
2032 Value Projection:	17.5 Billion (USD)
Historical Data for:	2018 to 2022
No. of Pages:	187
Tables, Charts & Figures:	307
Segments covered:	Formulation, Product, Type, Acne Type, Distribution Channel, and Region.
Growth Drivers:	Increasing prevalence of severe acne problems Growing awareness regarding the acne treatment options Rising concern for facial aesthetics
Pitfalls & Challenges:	Side-effects associated with acne medication Entry of generic products

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Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Global market size for acne medication crossed USD 9.9 billion in 2022 and is expected to observe over 5.5% CAGR from 2023 to 2032 owing to a rising prevalence of severe acne issues.

Oral segment is projected to depict over 6% CAGR from 2023 to 2032 due to the high efficacy of oral formulations in minimizing bacterial outgrowth and treating severe and inflammatory acne.

Pharmacies and drug store segment is expected to depict a growth of over 5.5% between 2023 and 2032 owing to the continuous efforts by leading industry participants to expand their pharmacy and drug store network in remote locations.

Europe acne medication market is poised to amass over USD 2.4 billion by 2032 driven by improving economic growth, rising disposable incomes, and increased consciousness about facial aesthetics.