08.26.21
From $6,298.9 million in 2020, the global professional acne treatment market value is predicted to reach $13,124.5 million by 2030, at a 7.6% CAGR between 2020 and 2030, according to the market research report published by P&S Intelligence.
Key findings of this study
Treatments via devices to become rapidly popular in coming years
Professional treatment sought more commonly for inflammatory acne
Strong drug pipeline key driver for market growth
North America largest market for professional acne treatments
APAC to offer lucrative growth opportunities in future
Market fragmented due to presence of numerous companies
The COVID-19 pandemic had a negative effect on the professional acne treatment market as almost all the cosmeticians and dermatologists were forced to down their shutters, to comply with the lockdown protocols. Similarly, companies that produce drugs and devices for acne treatment were non-operational or functional at a rather small scale, which reduced the supply and trade of the products. On the demand side, people were discouraged from spending on non-essential stuff as many were under immense financial stress.
The coming years will be characterized by the faster growth of the inflammatory bifurcation in the professional acne treatment market, on the basis of acne type. This kind of acne is considered severer than the non-inflammatory type, and it is often painful. Additionally, inflammatory acne cannot be cured by most of the drugs available over the counter (OTC), which is why a professional's intervention is preferred.
The larger share in the treatment type segment of the professional acne treatment market in the past was held by the drugs bifurcation. Drugs are readily available, and treatment via them is less complex and costly than that carried out by devices.