China's acne therapeutics market is expected to witness growth from $806 Mn in 2022 to $1,515 Mn in 2030 with a CAGR of 8.2% for the forecasted year 2022-30. The main market drivers of this market are growing sedentary lifestyles and demand for minimally invasive cosmetic treatment in China. The market is segmented by treatment, route of administration, age group, and distribution channel. Botanix Pharmaceuticals, Galderma, and Bausch are some of the key players in the China acne therapeutics market.
China's acne therapeutics market is expected to witness growth from $806 Mn in 2022 to $1,515 Mn in 2030 with a CAGR of 8.2% for the forecasted year 2022-30. In December 2022, $46.05 Bn in data related to health and family planning was recorded. This represents an increase from the prior figure of $28.02 Bn for November 2022. The information peaked at $46.05 Bn in December 2022 and hit a record low of $0.86 Bn in January 2007. China's health spending as a percentage of GDP in 2022 was 5.4%. From 4.5% of GDP in 2000 to 5.4% of GDP in 2022, China's health spending as a percentage of GDP climbed at an average yearly rate of 1.00%.
Acne vulgaris has a significant patient population in China because of the country's large population base, which has resulted in a very substantial illness burden for both patients and society. According to a number of studies, the prevalence of acne is thought to range between 8.1 to 85.1% in China. Effective therapies can considerably enhance the quality of life, skin appearance, and self-esteem. However, poor patient compliance with acne treatments certainly reduces their therapeutic impact. ASC40's phase II clinical trial for the treatment of acne patients has received approval from China National Medical Products Administration (NMPA). Patients with moderate to severe acne will participate in a phase II trial to assess the safety and effectiveness of ASC40.
Market Growth Drivers
Growing sedentary lifestyles, poor eating habits, and the demand for less invasive cosmetic treatment methods have all contributed to rising rates of acne vulgaris in adults and teens as well as increased China's acne therapeutics market growth.
Market Restraints
China's acne therapeutics market expansion is being hampered by concerns about the safety of the drugs used to treat acne.
Key Players
Urban Employee Basic Medical Insurance in China receives little government financing and is mostly supported by employee and employer payroll taxes. In urban regions of China, participation is mandatory for all employees. Rural residents are also covered by the Urban-Rural Resident Basic Medical Insurance, along with self-employed people, children, elderly people, and others. Insurance is optional for households. Local governments determine each benefit package, which often includes hospital inpatient treatment, general and specialty care, prescription medications, etc.
1. Executive Summary
1.1 Disease Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Patient Journey
1.6 Health Insurance Coverage in Country
1.7 Active Pharmaceutical Ingredient (API)
1.8 Recent Developments in the Country
2. Market Size and Forecasting
2.1 Epidemiology of Disease
2.2 Market Size (With Excel & Methodology)
2.3 Market Segmentation (Check all Segments in Segmentation Section)
3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints
4. Competitive Landscape
4.1 Major Market Share
4.2 Key Company Profile (Check all Companies in the Summary Section)
4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)
5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment
6. Methodology and Scope
By Treatment (Revenue, USD Billion):
By Route of Administration (Revenue, USD Billion):
By Age Group (Revenue, USD Billion):
By Distribution Channel (Revenue, USD Billion):
Methodology for Database Creation
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