North America and Asia Pacific to Thrive on Back of Large Patient Base, Numerous Therapies Emerge to Improve Quality of Life for Target Patients
Growing Number of People Visiting Aesthetic Clinics And Dermatology Centers to Drive Prospects
ALBANY, N.Y., May 26, 2021 /PRNewswire/ -- Transparency Market Research, New York: Disorders of the hypopigmentation are perhaps the prevalent skin lesions clinicians encounter in their profession. Worldwide, their prevalence has increased, with vitiligo being the most common etiologies associated with acquired hypopigmented conditions and with the disorder at large. Growing societal pressure on opting for therapies and therapeutics for their treatment and management has raised awareness. Growing number of people are shedding their reluctance to spend on treatments and visit aesthetic clinics and dermatology centers to seek the right option. This alone has been driver for the evolution of the hypopigmentation disorder treatment market.
Clocking CAGR of 5.9% from 2018 to 2026, the global hypopigmentation disorder treatment market is projected to reach valuation mark of 2,138.6 Mn by the end of 2026.
Topical medications, such as corticosteroids and calcineurin inhibitors, have attracted massive attention among companies developing therapies for patients with hypopigmentation disorders. Patients are increasingly seeking affordable as well as effective treatments. In this regard, chemical peels at one end of the spectrum and microdermabrasion and laser therapy are at the lower end.
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Key Findings of Study Hypopigmentation Disorder Treatment Market
Pipeline of Topical Drugs Attracts Massive Treatments: A growing number of topical treatments are used for the management of hypopigmented macules. Thus, topical drugs are continuously enriching the value chain of the hypopigmentation disorder treatment market. A large percentage of these recommended by physicians are used as first-line medication. A growing number of dermatologists have used this for reducing progression of skin lesions in vitiligo. Research funding on this category has expanded remarkably thus far. The low cost and high efficacy are viewed as key anchors for the expanding opportunities that players reap worldwide.
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Urge to Seek Cosmetic Treatments Spurs Attention of Dermatologists: Over the years, hypopigmentation and their disorders have attracted the attention among populations. A large part of the drive is due to the societal implications of hypopigmentation, through a large part of have been found to be of benign nature. The clinical knowledge about differential diagnoses for hypopigmented macules has expanded strikingly, spurring the growth prospects in the hypopigmentation disorder treatment market.
Clinical Studies on Etiology Boosts Value Chain: The hypopigmentation disorder treatment market is expected to see the advent of effective therapies on the back of a vibrant clinical studies landscape. Pharmaceutical companies are putting large stakes in such clinical studies. This is expected to set the tone for innovation in the next few years. However, the potential adverse effects of many of the aesthetic treatments and products for hypopigmentation present substantial caveats. The high cost of the laser therapies is another key concern for patient populations.
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Key Driving Factors and Avenues in Market
- Growing societal pressure spurs the affected population seek treatments
- Rise in clinics that offer services related to treat pigmentation disorders is a key trend
- Rise in healthcare expenditure to treat vitiligo is a key driver for new prospects
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Hypopigmentation Disorder Treatment Market: Regional Dynamics
- North America has been a substantially lucrative regional market over the past few years
- The regional market is projected to make a moderate expansion during the forecast period
- Asia Pacific is a rapidly emerging market, with the CAGR being higher than any other key regions
- Rise in awareness about hypopigmentation disorder has led people to take regular cosmetic treatments especially in emerging economies across the region
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Key Participants in Hypopigmentation Disorder Treatment Market
- Alvogen
- Obagi Cosmeceuticals LLC (Obagi Medical)
- Rxi Pharmaceutical Corporation
- Episciences, Inc.
- Pierre Fabre
- SkinCeuticals
- Allergan
Explore Transparency Market Research's award-winning coverage of the global Healthcare Industry:
Physician Dispensed Cosmeceuticals Market: https://www.transparencymarketresearch.com/physician-dispensed-cosmeceuticals-market.html
Pigmentation Disorders Treatment Market: https://www.transparencymarketresearch.com/pigmentation-disorders-treatment-market.html
Microdermabrasion Devices Market: https://www.transparencymarketresearch.com/microdermabrasion-devices-market.html
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