Acne is a common chronic inflammatory skin disease and perceived as a self-limited disease in adolescence. The start of acne vulgaris differs within the age groups and it more prevalent during the onset of puberty. This can continue to be a problem as its prevalence remains high in adulthood. Acne vulgaris in the teenagers is leading to depression and diminishing the quality of life. The beginning of acne vulgaris is complex and incompletely understood. A variety of factors increase the risk for acne vulgaris, out of which the four main factors that are responsible for the active acne lesions are excessive sebum production, bacterial growth and colonization, sloughing of keratinocytes and inflammation and immune system response.According to an article published in British Medical Journal, almost 90% of the teenagers affected by acne and around 50% of them continue to experience symptoms as adults. In addition, it is noticed that by age of 40 years, 1% of men, and 5% of women still had lesions formed because of acne.
Acne vulgaris treatment market segmentation is done on basis of treatment and geography. The Treatment segment differentiated into therapeutics and other treatment. The therapeutic segment is further classified as Retinoid (Adapalene, Tazaroteen, Tretinoin and Isotretinoin), Antibiotics (Erythromycin and Clindamycin), Hormonal agents, combination medications, anti-inflammatory and other agents (Azelaic acid and Resorcinol). Other treatment consists of laser and light therapy, cosmetic procedures and acne scar treatments. Based on the geography, the acne vulgaris market segmentation is North America, Europe, Asia Pacific, Latin America, and Rest of the World. North America dominates the market of acne vulgaris treatment; as acne is the most common disorder in the United States affecting 40 to 50 million population.
Increasing awareness about the acne in the teenagers, rise in the disposable income has encouraged the consumers to purchase skin care products, unhealthy eating habits and sedentary lifestyle leading to the hormonal problems resulting in development of acne, high prevalence rate of acne and recent as well as upcoming treatments for acne are responsible to drive the acne vulgaris treatment market. The entry of the generics in the acne treatment drug market and the safety issues regarding the products were the factors responsible to hinder the growth of the market.
Some of the major key players in the acne vulgaris treatment market are Valeant Pharmaceutical International Inc. Galderma S.A., Allergan, Stiefel Laboratories, Inc. Bayer AG, Cipher, Hygeia Laboratories Inc. and Johnson & Johnson Private Limited.
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.