
Asia Pacific Acne Medication Market
No. of Pages: 128 | Report Code: BMIRE00030658 | Category: Life Sciences
No. of Pages: 128 | Report Code: BMIRE00030658 | Category: Life Sciences
The Asia Pacific acne medication market was valued at US$ 1,508.26 in 2022 and is expected to reach US$ 2,672.90 million by 2030; it is estimated to register at a CAGR of 7.4% from 2023 to 2030.
Launch of Novel Drugs Boosts Asia Pacific Acne Medication Market
Innovative pharmaceutical developments, including topical and systemic medications, have fundamentally reshaped treatment approaches for acne. In 2024, the Australian Therapeutic Goods Administration (TGA) approved Winlevi (clascoterone) cream 1% from Sun Pharmaceutical of India to treat acne vulgaris in individuals 12 years of age and older. In 2022, Sun Pharmaceutical Industries broadened the scope of its collaboration with Cassiopea with respect to an acne treatment. It has signed extension agreements to the license and supply contracts for WINLEVI (clascoterone) cream 1 percent, enlarging the geographical scope to encompass Australia, New Zealand, Japan, Brazil, Mexico, and Russia. In 2023, Torii Pharmaceutical Co., Ltd. and Nogra Pharma, a clinical-stage biotechnology company creating novel therapeutics for immune-inflammatory-mediated diseases, announced an out-licensing agreement for the development and commercialization of NAC-GED-0507 for the treatment of acne vulgaris in Japan.
Novel drug launches also include advanced formulations with improved efficacy, enhanced safety profiles, and reduced side effects, catering to the evolving needs of individuals seeking effective acne management. According to a statement released in October 2023 by Bausch Health Companies Inc. and its dermatology business—Ortho Dermatologics—the US Food and Drug Administration (FDA) approved the New Drug Application for CABTREO topical gel composed of 1.2%, 0.15%, and 3.1% clindamycin phosphate, adapalene, and benzoyl peroxide, respectively. This is a topical treatment indicated for acne vulgaris in patients aged 12 or older. CABTREO is the first and only topical triple combination acne therapy approved by the FDA, which is offered in a fixed-dose form. The company aims to make this gel available for patients in Q1 2024.
The introduction of novel medications, such as retinoids, anti-androgens, and immune modulators, has further expanded the therapeutic options available for healthcare professionals and individuals dealing with acne. The continuous introduction of new drugs stimulates competition, fosters innovation, and encourages research and development investments within the dermatological pharmaceutical industry. The heightened focus on personalized and targeted treatment approaches for treating acne forms a foundation for the advent of novel drugs to improve patient outcomes and satisfaction. Thus, the launch of novel drugs significantly contributes to the progress of the Asia Pacific acne medication market.
Asia Pacific Acne Medication Market Overview
The Asia Pacific acne medication market is segmented into China, Japan, India, Australia, and South Korea. This region is expected to record the fastest CAGR during the forecast period. The projected acne medication market growth in the region is ascribed to the burgeoning interest of major players in expanding their presence in developing regions and the flourishment of the skincare industry. China’s nation's rising disposable income has heightened consumer spending on skincare, contributing to the expansion of the acne medication market size. The increased prevalence of acne, possibly linked to lifestyle changes and environmental factors, has further fueled demand for effective treatments. As Chinese consumers prioritize skincare for their well-being, pharmaceutical companies are introducing innovative formulations to meet this burgeoning demand. Thus, advanced technologies, economic factors, and evolving healthcare priorities are together steering the acne medication market toward unprecedented growth in China.
Asia Pacific Acne Medication Market Revenue and Forecast to 2030 (US$ Million)
Strategic insights for the Asia Pacific Acne Medication provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market. The geographic scope of the Asia Pacific Acne Medication refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.Asia Pacific Acne Medication Strategic Insights
Asia Pacific Acne Medication Report Scope
Report Attribute
Details
Market size in 2022
US$ 1,508.26 Million
Market Size by 2030
US$ 2,672.90 Million
Global CAGR (2023 - 2030)
7.4%
Historical Data
2020-2021
Forecast period
2023-2030
Segments Covered
By Therapeutic Class
By Formulation
By Acne Type
By Distribution Channel
Regions and Countries Covered
Asia-Pacific
Market leaders and key company profiles
Asia Pacific Acne Medication Regional Insights
Asia Pacific Acne Medication Market Segmentation
The Asia Pacific acne medication market is segmented based on therapeutic class, formulation, type, acne type, distribution channel, and country.
Based on therapeutic class, the Asia Pacific acne medication market is segmented into retinoids, benzoyl peroxide, antibiotics, salicylic acid, and others. The retinoids segment held the largest share in 2022.
In terms of formulation, the Asia Pacific acne medication market is bifurcated into topical medication and oral medication. The topical medication segment held a larger largest share in 2022.
By type, the Asia Pacific acne medication market is bifurcated into prescription medicine and over-the-counter medicine. The prescription medicine segment held a larger largest share in 2022.
Based on acne type, the Asia Pacific acne medication market is bifurcated into non-inflammatory acne and inflammatory acne. The inflammatory acne segment held a larger share in 2022.
In terms of distribution channel, the Asia Pacific acne medication market is segmented into pharmacies and drug stores, retail stores, and e-commerce. The pharmacies and drug stores segment held the largest share in 2022.
Based on country, the Asia Pacific acne medication market is categorized into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific acne medication market in 2022.
Sun Pharmaceutical Industries Ltd, Teva Pharmaceutical Industries Ltd, Mayne Pharma Group Ltd, Almirall SA, Johnson & Johnson, Bausch Health Companies Inc, Galderma SA, Pfizer Inc, GSK Plc, and Viatris Inc are some of the leading companies operating in the Asia Pacific acne medication market.
1. Teva Pharmaceutical Industries Ltd
2. Mayne Pharma Group Ltd
3. Almirall SA
4. Johnson & Johnson
5. Sun Pharmaceutical Industries Ltd
6. Bausch Health Companies Inc
7. Galderma SA
8. Pfizer Inc
9. GSK Plc
10. Viatris Inc
The Asia Pacific Acne Medication Market is valued at US$ 1,508.26 Million in 2022, it is projected to reach US$ 2,672.90 Million by 2030.
As per our report Asia Pacific Acne Medication Market, the market size is valued at US$ 1,508.26 Million in 2022, projecting it to reach US$ 2,672.90 Million by 2030. This translates to a CAGR of approximately 7.4% during the forecast period.
The Asia Pacific Acne Medication Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Acne Medication Market report:
The Asia Pacific Acne Medication Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Acne Medication Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Acne Medication Market value chain can benefit from the information contained in a comprehensive market report.