Anti-acne Dermal Patch Market To Hit Value 0.3 Million By 2030 |Grand View Research, Inc.Posted by Mrudula Anil Karmarkar on August 14th, 2023 San Francisco, 14 August 2023: The ReportAnti-acne Dermal Patch Market Size, Share & Trends Analysis Report By Type (Chemical Based, Herbal Based), By Age Group (10 To 17, 18 To 44, 45 To 64, And 65+), By Distribution Channel, And Segment Forecasts, 2022 - 2030 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 2022, 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. The anti-acne dermal patch is a medicated pimple patch filled with active ingredients that helps to eliminate the acne-causing bacteria and reduce inflammation. These patches improve the absorption of the active ingredients into the skin thus reducing pain, bumps, and redness, and are effective in curing inflamed acne, such as papules. The common active ingredients of these patches are tea tree oil and salicylic acid. They may also help to reduce the size of lesions caused by cystic or nodular acne. Request sample report of Anti-acne Dermal Patch Market@https://www.grandviewresearch.com/industry-analysis/anti-acne-dermal-patch-market-report/request/rs1 Anti-Acne Dermal Patch Market Report Highlights
However, the advent of the COVID-19 pandemic has hugely affected the overall market for anti-acne dermal patch. The given COVID-19 restrictions have significantly impacted the beauty and personal care industry. Owing the initial lockdown imposed across the world has led to a decline in sales of beauty products including acne patches especially across the brick-and-mortar stores. Disruption in the supply chain and closure of cosmetic manufacturing plants across the globe are few of the factors that have led to the significant decline in the growth rate of the anti-acne dermal patch industry in 2020. For instance, as per an article published by the Baird Investment Advisor Co., Ltd., the parent beauty and personal care industry has witnessed a decline of 2-3% in 2020. Anti-acne Dermal Patch Market Report Scope
List of Key Players of Anti-acne Dermal Patch Market
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