Pune, India, March 23, 2022 (GLOBE NEWSWIRE) — Europe acne treatment market size was estimated at the value 940.3 million USD in 2020. The market value should increase 928.7 million USD in 2021 for $1,297.0 million in 2028 at CAGR of 4.9% during the projected period. The growth may be closely linked to the increasing prevalence of acne and other skin disorders in the area. In the UK alone, over 95% of people aged 11 to 30 suffer from acne to some degree, according to the UK’s National Health Service (NHS). Fortune Business Insights presents this information in its report entitled “Acne Treatment Market in Europe, 2021-2028.”
Acne is a serious skin condition that occurs when hair follicles become clogged with dead skin cells and excess oil. The frequency of acne and related conditions among the European population, mainly adolescents and adults, has increased dramatically over the years. New solutions for the treatment of acne, both topical and oral, are being evaluated and commercialized in the region. In addition, several campaigns are launched to raise public awareness of these solutions. Citing one example, British skincare brand Ditch the Label hosts annual Acne Awareness Month to educate young people about acne. Such initiatives will certainly boost the adoption of acne skincare products across Europe.
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Impact of COVID-19:
Acne care products are seeing lower demand due to lower dermatology consultations
The coronavirus pandemic has slightly affected the growth of the European acne treatment market. A noticeable drop in dermatology appointments was seen throughout 2020 due to stay-at-home orders in most European countries. Consequently, several market players have reported declining revenue from their acne and skin care businesses. For example, Spanish pharmaceutical brand Almirall, SA saw a 5% decline in revenue from its dermatology business in 2020 compared to 2019. Additionally, various clinical studies for acne products were postponed to 2020. Due to the aforementioned factors, acne treatment products have experienced a drop in demand during the COVID-19 pandemic.
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The product, treatment modality, age group and distribution channel are researched for the market
On the basis of product, the market is categorized into antibiotics, retinoids, isotretinoin, and others.
By treatment modality, the market is split into topical and oral.
Based on age range, the market is divided into 10-17, 18-44, 45-64, and over 65.
By distribution channel, the market is divided between city pharmacies, hospital pharmacies and e-pharmacies.
Report scope and segmentation
|Forecast Period 2021 to 2028 CAGR||4.9%|
|2028 value projection||$1,297.0 million|
|Year of reference||2020|
|Market size in 2021||$928.7 million|
|Historical data for||2017-2019|
|Number of pages||74|
|Segments Covered||By type, by procedure, by geography|
|Growth engines||The growing prevalence of acne and similar skin conditions among adolescents is contributing to the growth of the market in Europe.|
|The number of products including skin lotions and creams has been growing by major global and domestic players in Europe, which is driving the growth of the market.|
|The above mentioned factors and the presence of limited reimbursement scenario are expected to hamper the growth of the European acne treatment market during the forecast period.|
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The report offers:
- Key growth drivers, restraining factors, opportunities and potential challenges for the market.
- A comprehensive overview of regional developments.
- List of major industry players.
- Key strategies adopted by market players.
- The latest industry developments such as product launches, partnerships, mergers and acquisitions.
Drivers and Constraints:
Increase in the number of acne patients to increase acne treatment market share in Europe
Acne has become a major skin concern in Europe over the past decade. In the UK, the disease causes around 3.5 million primary care visits a year, according to the National Institute for Health and Excellence. In Italy, about 70-80% of people between the ages of 12 and 24 suffer from acne. Similar trends are seen in other European countries, which is fueling the adoption of acne treatment solutions. Ongoing R&D and the introduction of new products to the market will transform the regional landscape over the next few years.
On the other hand, some side effects associated with acne products might limit their demand in the region. For example, topical solutions can cause skin irritation and dryness. During this time, oral medications such as antibiotics can cause dizziness and lightheadedness.
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Notable industry development:
February 2020 – Almirall, SA has announced that Seysara (sarecycline) – its first oral tetracycline antibiotic for acne vulgaris – is expected to be submitted to China’s National Medical Products Administration (NMPA) in 2023. Currently, Almirall owns the rights to marketing for the drug in the United States. It will develop it in China under a license agreement with Paratek Pharmaceuticals, Inc.
List of Key Players Featured in the Market Report:
- Galderma SA (Lausanne, Switzerland)
- GlaxoSmithKline plc. (London, UK)
- Almirall, SA (Barcelona, Spain)
- Merck KGaA (Darmstadt, Germany)
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1.1. Search scope
1.2. Market segmentation
1.3. Research Methodology
1.4. Definitions and assumptions
2. Executive Summary
3. Market dynamics
3.1. Market factors
3.2. Market constraints
3.3. Market opportunities
4. Key information
4.1. Prevalence of chronic and infectious diseases – Key countries/regions, 2019-2020
4.2. Key Industry Developments – Mergers, Acquisitions and Partnerships, 2020
4.3. Introduction of new products / approvals (by major players)
4.4. Impact of COVID-19 on the European acne treatment market
5. Europe Acne Treatment Market Analysis, Outlook and Forecast, 2017-2028
5.1. Main results/summary
5.2. Market Analysis, Outlook and Forecast – By Product
5.3. Market Analysis, Outlook and Forecast – By Treatment Modality
5.4. Market Analysis, Outlook and Forecast – By Age Group
5.4.1. 10 to 17 years old
5.4.2. 18 to 44 years old
5.4.3. 45 to 64 years old
5.4.4. Over 65
5.5. Market Analysis, Outlook and Forecast – By Distribution Channel
5.5.1. Hospital pharmacies
5.5.2. Retail pharmacies
6. Competitive analysis
6.1. Key Industry Developments
6.2. Market Share Analysis (2020)
6.3. Company Profiles (Overview, Products, SWOT, Recent Developments, Strategies, Financials (as available))
6.3.1. Galderma SA
6.3.2. GlaxoSmithKline plc.
6.3.3. Almirall, S.A.
6.3.4. Merck KGaA
7. Strategic Recommendations
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