The “hyperpigmentation disorders treatment Market was projected to generate a market value of USD 3,915 million globally. It is likely to develop at a CAGR of 7.1% over the forecast period”.
Hyperpigmentation disorders are skin conditions identified by darkened skin areas. The types include melasma, post-inflammatory hyperpigmentation, and age spots. Hyperpigmentation takes place when the skin creates more melanin. This can cause patches or spots of skin look darker than surrounding areas. It is usually harmless but can often be triggered by a fundamental medical condition. Certain medications can also cause skin darkening.
Expanding need for minimally invasive dermabrasion methods are encouraging the adoption of lasers. Besides, expenditures on cosmetics are increasing rapidly. These factors are expected to drive the development of the hyperpigmentation disorders treatment market.
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Hyperpigmentation Disorder Treatment Providers Market Prevalence of Skin Diseases Such as Dermatosis Papulosa Nigra and Actinic Lichen Planus in the MEA Makes it a Lucrative Scope.
The worldwide hyperpigmentation disorders treatment market has been segmented based on disease indication, treatment type, and end-user.
Based on disease indication, the hyperpigmentation disorders treatment market has been segmented into melasma, solar lentigines, post-inflammatory hyperpigmentation, and others.
Based on treatment type, the market has been segmented as microdermabrasion, topical drugs, chemical peels, phototherapy, laser therapy, and others. Over the forecast period, the topical drugs segment is likely to hold a major market share for the hyperpigmentation disorders treatment.
Based on end-user, the market has been segmented into aesthetic clinics, dermatology centers, hospitals, and others.
The global hyperpigmentation disorders treatment market is driven by key players such as
- Bayer AG
- Allergan Inc.
- Episciences Inc.
- EpiPharm AG
- Obagi Cosmeceuticals LLC
- Galderma laboratories (Nestle Skin Health S.A)
- RXi Pharmaceuticals Corporation
- Pierre Fabre
- Vivier Pharma
- and SkinCeuticals International.
The Americas market is likely to be the second-largest hyperpigmentation disorders treatment market. The growth in the Americas is owing to government investments and support of the healthcare sector collectively with expanding research and development. Plus, promising reimbursement tactics in American nations are contributing to the progress of the market in this region.
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Asia-Pacific market is likely to lead the worldwide hyperpigmentation disorders treatment market attributing to the increasing awareness about hyperpigmentation ailments, advanced healthcare technology, increased healthcare spending, and vast patient population. Furthermore, Asia-Pacific is also anticipated to be the fastest-growing hyperpigmentation disorders treatment market over the forecast period. The world bank group recorded that in 2014, China disbursed 4.96% of gross domestic product (GDP) in healthcare outlay. However, healthcare expenditure reached 5.32% of GDP by 2015. Correspondingly, in 2014, India expended 3.63% of GDP on healthcare and in 2015, healthcare expenditure reached up to 3.89% of GDP.
Europe represents the third largest hyperpigmentation disorders treatment market over the forecast period. The growth is owing to the geriatric population. Additionally, the government of these nations are more focused to offer the best treatment choices to their residents. As per the report issued by World Health Organization, in 2016, the aging population in Europe will rise from 14 million to 19 million in 2020. In 2050, it will rise further up to 40 million.
The Middle East & Africa is likely to witness the least growth in the global hyperpigmentation disorders treatment market owing to lack of technical knowledge and underdeveloped medical services. However, diseases such as Dermatosis Papulosa Nigra (DPN) is commonly found in Afro-Caribbean, sub-Saharan African and African American patients. Additionally, Actinic lichen planus is a rare skin condition that is mostly found in residents of the Middle Eastern nations. These trends offer a potential market for the global players.
- Medical devices manufacturers
- Pharmaceutical Companies
- Medical devices product distributors and suppliers
- Healthcare providers
- Research institutes and academic centers
- Government associations
- Market research and consulting
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