The global Anti-acne Dermal Patch Market size is expected to
reach USD 870.3 million by 2030, according to a new report by Grand View
Research, Inc. The market is expected to expand at a CAGR of 6.1% from 2022 to
2030. The growing prevalence of acne vulgaris is boosting the adoption of
instant treatments pertaining to the conditions such as acne patches, thus
propelling market growth. There has been a surge in the number of anti-acne
dermal patch brands being commercialized across the globe. Hence, increasing
product launches in this industry have significantly boosted its revenue
growth. Moreover, the rising number of companies expanding their geographic
presence across the developing as well as developed economies have further
supported the market’s positive growth trajectory across the forecast period.
However, the pandemic of COVID-19 has made the
anti-acne dermal patch industry witness a negative drop in its growth rate in
2020. The parent market of beauty and personal care has reflected a significant
decline in its revenue growth across the year 2020. Closure of retail stores,
pharmaceutical outlets during the initial period of the COVID-19 outbreak has
resulted in severe disruption of the profit model of such industries. However,
the COVID-19 outbreak has also resulted in a sudden spike in demand for
E-commerce platforms such as Amazon and a few others. Online platforms
delivering beauty and personal care products including anti-acne dermal patches
have witnessed strong growth during the last quarter of 2020, thus mitigating
the negative impact on the business up to a certain extent.
Furthermore, the increasing trend of social media
marketing is another crucial factor boosting the adoption of acne patches. For
instance, in August 2019, Hero Cosmetics launched an influencer campaign on
TikTok, promoting its anti-acne dermal patch by featuring 20 creators who
posted videos of their morning routines with Hero's Mighty Patch product, thus
attracting a large group of customers and thereby propelling its revenue
growth.
Related Press Release@ Anti-acne Dermal Patch Market Report
Anti-Acne Dermal Patch Market
Report Highlights
- The 18 to 44 segment dominated the market with a share of 55.2% in
2021. The high incidence of acne vulgaris among this age group is one of
the prominent factors supporting its share
- The chemical-based anti-acne dermal patch segment accounted for the
largest share of 88.3% in 2021
- Asia Pacific held the largest revenue share of 39.8% in 2021. The
presence of large numbers of players in countries such as South Korea
offerings novel herbal-based acne patches is responsible for market
growth. The region is also expected to witness the highest growth over the
forecast period
About Us:
Grand View Research, Inc. is a U.S. based market research
and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
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