Acne vulgaris is a type of disorder that is characterized with the occurrence of seborrhea (scaly red skin), papules, pimples, comedones and nodules on the skin. Acne vulgaris primarily affects back, face and chest. Acne majorly affects teenagers however, its occurrence in adult population is also prominent. Onset of the disorder usually occurs at puberty due to increased secretion of sebum triggered by the action of high androgen levels. Also, during pregnancy, androgen level in the body increases hence increases the risk of acne vulgaris. It has been proven that acne vulgaris can be transmitted to next hereditary level, hence is also considered as hereditary disorder.
Acne vulgaris is caused by Propionibacterium acnes and Staphylococcus aureus bacteria. Propionibacterium acnes is considered to be the most widely present acne-causing bacterium. Acne vulgaris on the body can be detected by their physical presence and morphology. However, depending upon the severity of the disorder, various diagnostic tests are performed for confirmation of the disorder that include Leeds acne grading technique, Pillsbury scale and Cook's acne grading scale. Therapy for treating the disorder depends upon the type of acne, their distribution on the body and severity.
Various medications are advised by physicians to treat acne vulgaris including benzoyl peroxide, salicylic acid, hormones (norgestimate, desogestrel and drospirenone), antibiotics, topical retinoids, oral retinoids, and combined therapy. Combined therapy refers to the application of multiple medications together such as combination of antibiotic + benzoyl peroxide and topical retinoid + benzoyl peroxide. Also, physical therapies are performed on patients suffering from acne vulgaris, including lesion removal and phototherapy.
The market for acne vulgaris is expected to grow at a significant CAGR during the forecast period owing to increasing number of people suffering from the disorder. It is estimated that in the individuals aged 12 to 24 years, prevalence rate of the disorder is around 85%. In addition, change in dietary pattern will also stimulate the growth of the market. Major players operating in the market include Actavis Mid Atlantic LLC, Novan, Inc., Stiefel Laboratories, Inc., Dr. Reddy's Laboratories Limited and Johnson & Johnson.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.