ACNE VULGARIS TREATMENT MARKET ANALYSIS

Acne Vulgaris Treatment MarketSize and Trends

U.S. is expected to be the largest market for acne vulgaris treatment products over the forecast period

According to a study published in the British Journal of Dermatology in 2015, 9.4% of global population was estimated to be affected by acne. Moreover, globally, acne is the eight most prevalent disease. The U.S. is the largest market for acne vulgaris treatment products. According to study by National Institute of Health (NIH), in 2013, over US$ 3 Billion was spent for treating acne vulgaris in the U.S. In 2014, according to American Academy of Dermatology, the number of acne vulgaris patient aged 25 years and above, especially women, is rising significantly.  Furthermore, low awareness regarding the factors causing acne is another factor leading to increasing prevalence acne vulgaris.

India is expected to have largest pool of population in the age group 15–25 years by 2020. This, in turn, makes it a highly lucrative market for acne vulgaris treatment products. India also has high glycemic index diet, which is further expected to aid in growth of the market over the forecast period. Manufacturers are also focusing on developing products for scarring, resulting from acne. New treatments such as cosmetic (laser, chemical peel, and photodynamic therapy) and surgical procedures are been developed for treatment of scarring. Increasing consumer inclination towards alternative way to treat acne vulgaris such as herbal therapy (tee tree oil), owing to low side effects is another factor expected to aid in growth of the acne vulgaris treatment market. Home-based devices for acne removal such as revive light therapy and neutrogena light therapy are gaining significant traction over the forecast period.