Market Trends of Acne Therapeutics Industry
This section covers the major market trends shaping the Acne Therapeutics Market according to our research experts:
Retinoid Segment is Expected to Hold a Significant Share in Acne Therapeutics Market Over the Forecast Period
The retinoid segment is expected to hold a significant share of the acne therapeutics market. Retinoid creams and gels are very effective at stopping or reducing mild to moderate acne, which led to an increasing demand for retinoids, thereby contributing to the growth of the market. They can also be used as maintenance therapy to keep skin clear after successful treatment. Additionally, market players frequently launch novel and generic versions of retinoids to gain a competitive edge in the market. For instance, in February 2022, Stryke Club launched retinoid acne treatment with its Knockout Adapalene Gel that prevents pimples, blackheads, whiteheads, and clogged pores. FDA-approved prescription-strength retinoid acne treatment, available without a prescription. The rising product launches of retinoid treatment will lead to increased adoption due to its benefits in treating acne, thereby expected to drive the growth of this segment.
Furthermore, an increase in research and development for retired acne therapies will also contribute to the growth of this market over the forecast period. For instance, in April 2021, in Canada, Bausch Health's subsidiary Ortho Dermatologics announced positive topline data from its second Phase III trial for IDP-126, a three-compound combination gel tested in 193 patients with acne vulgaris. This clinical trial showed reductions in both inflammatory and non-inflammatory lesions at week 12 in both problems. IDP-126 combines adapalene, retinol, and anti-microbial benzoyl peroxide. Such research around the products and combination of retinoids are expected to increase the sales and manufacturing of the same boosting the segment growth.
Therefore, owing to the above factors, such as increasing product development and launches, and increasing adoption of retinoids, the retinol segment is expected to show a significant share during the forecast period.
North America is Expected to Hold a Significant Market Share and Expected to do the Same in the Forecast Period
North America is expected to hold a notable share in the market over the forecast period owing to the increasing awareness among the population and the presence of major market players. The growing burden of acne in the region and recent product launches are also of crucial driving factors for the growth of the acne therapeutics market in North America. As per the MDAcne data published in January 2021, 85% of people have experienced acne in some form at some point in their lives in the United States. The report also mentioned that 50 million people in the United States have acne of some kind. Similarly, the survey report published by the Canadian Skin Patient Alliance (CSPA) in September 2022 mentioned that 37% of the respondents in the survey reported having mild acne, 47% reported moderate acne and 16% indicated severe acne in Canada. Likewise, the NCBI article published in September 2021 mentioned
Additionally, rising product approvals in acne treatment are also expected to drive the growth of this segment over the forecast period. For instance, in August 2022, Cutera received clearance from HealthCanada for the product AviClear, for the treatment of mild, moderate, and severe acne and acne scars.
Furthermore, the key market players in the area are developing novel products and technologies, competing with the existing products, while others are acquiring and partnering with the other companies trending in the acne therapeutics market. For instance,in July 2022, Sun Pharmaceuticals and Cosmo Pharmaceuticals announced territory expansion of license and supply aggrements for WINLEVI cream expanding to Mexico.
Also, in November 2021, Winlevi (Clascoterone cream 1%) by Sun Pharmaceuticals, the first-in-class topical therapy for acne vulgaris, was launched in the United States. The rising product launches in developed countries such as the United States will lead to increased adoption, thereby expected to drive growth in North America.
Thus, the frequent product launches and product approvals undergoing the development of novel acne therapies are expected to drive the market studied in the North American region.
