Factor such as the rising cases of acne, surging adoption of acne treatments, growing healthcare spending, increasing disposable income, sedentary lifestyle, strong product pipeline, and mounting number of research programs are expected to propel the professional acne treatment market at a CAGR of 7.6% during 2020–2030. According to P&S Intelligence, the market size is expected to reach $13,124.5 million by 2030 from $6,298.9 million in 2020. Moreover, the market is observing the rising number of product launches and research and development (R&D) activities.
Emerging economies are providing lucrative opportunities to the professional acne treatment market players, which include pharmaceutical and medical device companies. Although developing countries have a huge potential consumer base, their low awareness on the condition and treatments available has led to low product sales. But, with the growing influence of the Western culture driving appearance consciousness here, market players have a good opportunity to tap the unexplored potential of the market here and increase their revenue.
Moreover, based on professional type, the professional acne treatment market is bifurcated into dermatologists and cosmeticians. Between the two, the dermatologists category dominated the market during the historical period (2014–2020), and it is projected to lead the market in the coming years as well. This is attributed to the rising number of skilled dermatologists around the world. Furthermore, patients prefer to visit dermatologists for the treatment of acne due to their extensive experience in dealing with the problem.
Thus, the surging incidence of acne and the increasing healthcare spending are expected to drive the market growth in the coming years.
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