Press release
Warts Therapeutics Market 2023 Report By Key Companies, Regional Analysis And Forecast 2032
Warts Therapeutics Market
The Business Research Company's Warts Therapeutics Global Market Report 2023 identifies the increasing focus on vaccinations for warts as the major driver for the warts therapeutics market's growth in the forecast period. Vaccination refers to the act of introducing a vaccine into the body to develop antibodies against infections and related diseases. Warts are caused by the human papillomavirus (HPV). The administration of a therapeutic or prophylactic vaccine against human papillomavirus (HPV) prevents the formation of warts. Thus, the increasing focus on vaccinations for warts is boosting the sales of the wart's therapeutics market.
The global warts therapeutics market size is expected to grow from $1.83 billion in 2022 to $1.91 billion in 2023 at a compound annual growth rate (CAGR) of 4.17%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of warts therapeutics market is expected to reach $2.19 billion in 2027 at a CAGR of 3.56%.
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Major competitors in the warts therapeutics market are Pfizer Inc., GlaxoSmithKline plc, Merck & Co. Inc., Verrica Pharmaceuticals Inc., Bausch Health Companies Inc., Dr. Reddy's Laboratories Ltd, Cipla Inc., Prestige Consumer Healthcare Inc., Maruho Co. Ltd, Taro Pharmaceutical Industries Ltd, Aclaris Therapeutics Inc., Novan Inc, Scholl's Wellness Co, Orgenesis, AIM ImmunoTech Inc, Nielsen BioSciences Inc, KinoPharma Inc.
A key trend in the warts therapeutics market includes product innovation. Companies operating in the wart therapeutics market are developing innovative treatments to sustain their position in the market. For instance, in February 2023, Verrica Pharmaceuticals Inc., a US-based dermatology therapeutics company, announced that the FDA (The United States Food and Drug Administration) accepted its resubmitted New Drug Application (NDA) for VP-102 to treat contagiosum (a type of wart) and assigned a Prescription Drug User Fee Act (PDUFA) number. VP-102 is a patented drug-device combination product that delivers cantharidin (0.7% w/v) in good manufacturing practices (GMP)-controlled formulation via a single-use applicator for precise topical dosing and targeted administration.
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The warts therapeutics market is segmented -
• By Type: Common Warts, Genital Warts, Flat Warts, Other Types
• By Treatment: Physical Destruction, Immunomodulation, Chemical Destruction
• By End User: Hospitals, Homecare, Specialty Clinics, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, AfricaNorth America was the largest region in the warts therapeutics market.
The Business Research Company's "Global Warts Therapeutics Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Warts Therapeutics Market Include:
1. Executive Summary
2. Warts Therapeutics Market Characteristics
3. Warts Therapeutics Market Trends And Strategies
4. Warts Therapeutics Market - Macro Economic Scenario
5. Global Warts Therapeutics Historic Market Size and Growth, 2017 - 2022, Value ($ Billion)
……
32. Global Warts Therapeutics Market Competitive Benchmarking
33. Global Warts Therapeutics Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Warts Therapeutics Market
35. Warts Therapeutics Market Future Outlook and Potential Analysis
36. Appendix
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Warts Therapeutics Market: Introduction
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