Anti-Acne Dermal Patch Market
Anti-Acne Dermal Patch Market Analysis By Type (Herbal Based, Chemical Based Anti-Acne Dermal Patch), By Age Group (10 to 17, 18 to 44, 45 to 64, 65+ Year), By Distribution Channel & By Region - Global Market Insights 2022-2032
Analysis of Anti-Acne Dermal Patch market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Anti-Acne Dermal Patch Market Outlook (2022-2032)
The global anti-acne dermal patch market is estimated to secure a market value of US$ 539 Mn in 2022, reaching US$ 920 Mn by 2032. The market is expected to expand at a CAGR of 5.5% during the forecast period from 2022 to 2032.
Estimated Market Value in 2022
USD 539 Mn
Estimated Market Value in 2032
USD 920 Mn
Projected CAGR from 2022 to 2032
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The increasing sensitivity of skin owing to the rising pollution, unhealthy diet, and children hitting puberty are key factors resulting in a large demand for an efficient anti-acne patch cream.
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Revenue Analysis of Global Anti-Acne Dermal Patch Market 2015 to 2021 vs. Future Outlook 2022 to 2032
The global anti-acne dermal patch market valued at USD 510 Mn in 2021. The market growth can be attributed to the growing demand for instant acne treatment. The teenage group experiences frequent acne, thereby, generating significant demand for efficient skin care creams. During the 2015-2021 historical period, Fact.MR reported that anti-acne dermal patch sales grew at a CAGR of 4%.
During the COVID-19 pandemic, sales of anti-acne dermal patch experienced a moderate dip, especially in the first wave, as production crunches amid lockdowns led to supply shortages. Eventually, prospects were restored, as stay at home directives prompted consumers to invest more time in personal skin care and grooming sessions.
The evaluations at Fact.MR reveals that the global anti-acne dermal patch market is likely to hold a market value of USD 920 Mn by 2032. The increasing popularity of e-commerce is expected to play a significant role in driving the market during the forecast period from 2022 to 2032. The projected growth rate is 5.5% during the assessment period.
What are the Factors Boosting the Global Anti-Acne Dermal Patch Market?
Increasing Incidences of Pimples and Skin Sensitivity to Boost the Demand for Anti Acne Cream
The market is expected to witness a significant rise owing to the ongoing advancements in the dermatology sector. The growing cases of pimples and skin sensitivity among teenagers is one of the key factors promoting the usage of anti-acne cream, thereby expanding the market size in the coming time.
Also, the growing popularity of online shopping in developing nations has brought a positive impact on the industry by increasing the demand for anti-acne creams. Also, the manufacture of new products is likely to augment the market size. For instance, Sun Pharmaceutical Industries rolled out Winlevi cream in 2021. It is used for treating acne vulgaris in patients 12 years and older.
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What is the Impact of COVID-19 on the Global Anti-Acne Dermal Patch Market?
The outbreak of COVID-19 Curtailed the Disrupted the Manufacturing of Anti-Acne Products
The outbreak of COVID-19 brought a negative impact on the market initially. The restrictions imposed during the lockdown declined the sales of beauty products due to disruptions in the supply chain. In an article published by Baird Investment Advisor Co., Ltd, the beauty and personal care industry slumped by 2-3% in 2020.
Even though the market suffered significant losses in 2020, the market regained its pace in 2021 with a considerable rise in online shopping. Various companies earned profits, Peace Out reported growth of 131.0% in 2021. Furthermore, the increasing adoption of strategies to mitigate the losses incurred during the lockdown is predicted to help the market regain its momentum in the coming time.
Why is APAC anticipated to dominate the Anti-Acne Dermal Patches Market?
Prevalence of Acne among the Young Crowd to Boost the Market in APAC
Fact. MR reveals that the APAC region is likely to dominate the market in 2022 while securing 39% of the global market share. The expansion of the regional market can be attributed to the increasing prevalence of skin conditions and acne among teenagers and the young crowd.
With the adoption of an unhealthy lifestyle, growing pollution, and teenagers hitting puberty, the market is likely to show a significant rise in the forecast period. Furthermore, the contribution of South Korea is notable, for it is a renowned hub for producing the best skincare products such as; Medicube Zero Foam Cleanser, Innisfree Super Volcanic Clay Mouse, among others.
In addition, other developing countries such as; India and China are expected to boost the market in the region. India is a hub of startups and some of the most renowned skincare startups like SkinKraft, mCaffeine, Kama Ayurved, among others are likely to boost the growth of the industry.
What is the Contribution of North America in Boosting the Global Anti-Acne Dermal Patches Market?
Expansion of Skincare Industry across the Region to Grow the Market in North America
Fact.MR reveals that the market in North America is likely to expand at a CAGR of 6% during the forecast period. The development of the market in the region can be attributed to the advancement of dermatology and the presence of established players in the region.
The growing number of product launches and the increasing demand for acne therapeutics in the region are likely to propel market growth in the coming time. The U.S makes the largest contribution in growing the regional market. Various players started penetrating the U.S market in 2015 after a significant surge in acne incidences was reported.
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Based on Distribution Channel Segment, which segments are expected to help in Boosting the Market?
E-Commerce Platform to Possess Lucrative Opportunities for Anti Acne Products
By distribution channel, e-commerce platforms are expected to witness lucrative sales of anti-acne dermal patches, growing at a CAGR of 6% until 2032. The growth of the segment is attributed to the outbreak of COVID-19 which expanded the segment tremendously. With the considerable expansion in the E-Commerce segment, the players are adopting various techniques to strengthen their online presence.
On the other hand, the pharmacies and drug stores segment is expected to dominate the market and secure the largest revenue share of 45% in 2022. The rise of the segment can be attributed to the growing usage of OTC products from pharmacies for the self-treatment of acne.
What is the role of the 18-44 Age Group in Expanding the Market?
18-44 Age Group suffer the most from Severe Acne Patches
An article published by Botanix Pharmaceuticals Ltd reveals that 54% of patients suffering from acne belong to the 18-44 age group. The analysis at Fact.MR reveals that the segment is likely to have secured 55.2% of the market share in 2022.
The growth of the segment can be attributed to the fact that acne-prone skin is most prevalent amongst teenagers and adults, thereby expanding the segment’s reach.
The players of the global anti-acne dermal patch market adopt various strategies to expand their market reach. Some of the most common methods are partnerships, acquisition, and collaborations. Some of the recent developments among the key players are:
- In October 2020, BenQ Materials Corp rolled out its anti-acne skincare patch, known as thenumerouno acne patch for the Indian market. The distributor of the product in India is KShipra Health Solutions.
- In February 2022, Peace Out Skincare was launched on Amazon. It will sell its award-winning patented dots, serums, acne-patches creams.
- In November 2021, the famous skincare Starface launched ‘Seasame Street’ pimple patches and pore strips.
Key Market Segments Covered in the Global Anti-Acne Dermal Patch Market
By Age Group
- 10 to 17 Year Consumers
- 18 to 44 Year Consumers
- 45 to 64 Year Consumers
- 65+ Year Consumers
By Distribution Channel
- Retail Stores
- Pharmacies & Drug Stores
- E-Commerce Platforms
- North America
- Latin America
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As of 2022, demand for anti-acne dermal patches is likely to be valued at US$ 539 Mn
According to Fact.MR, anti-acne dermal patch sales were valued at US$ 510 Mn in 2021
From 2015 to 2021, anti-acne dermal patch sales expanded at a CAGR of 4%, as per Fact.MR
From 2022 to 2032, anti-acne dermal patch sales are forecast to grow at a CAGR of 5.5%
By 2032, anti-acne dermal patch sales are expected to be valued at US$ 920 Mn
In the Asia-Pacific, anti-acne dermal patch sales are expected to secure a revenue share of 39% in 2022
According to Fact.MR, anti-acne dermal patch sales in North America are likely to grow at a 6% CAGR
Anti-acne dermal patches for consumers aged 18-44 are expected to accumulate over 55% revenue