Hidradenitis Suppurativa Market Growth Rate, Size, Share Analysis, Technology Trends And Opportunities And Forecast To 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Hidradenitis Suppurativa Global Market Report 2023 identifies rise in the prevalence of skin diseases as the major driver for the hidradenitis suppurativa market's growth in the forecast period. Skin diseases refer to a wide range of skin problems, including those attributed to bacterial infections, viral infections, fungal infections, allergy symptoms, skin malignancies, and parasites. Hidradenitis suppurativa (HS), a chronic and severe skin disorder, is driving the development of new products and services for its management due to increased awareness, accurate diagnosis, a growing patient pool, and research advancements.

The global hidradenitis suppurativa market is expected to grow from $0.98 billion in 2022 to $1.06 billion in 2023 at a compound annual growth rate (CAGR) of 8.5%. 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, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The hidradenitis suppurativa market is expected to reach $1.4 billion in 2027 at a CAGR of 7.2%.

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Major competitors in the hidradenitis suppurativa market are Pfizer Inc., Johnson & Johnson, AbbVie Inc., Novartis AG, Bristol-Myers Squibb Company, AstraZeneca PLC, Abbott Laboratories, Eli Lilly and Co Ltd., Amgen Inc.

A key trend in the hidradenitis suppurativa market includes utilization of biologics. Major companies operating in the hidradenitis suppurativa market are investing in research and development, resulting in an approved biologic therapy for hidradenitis suppurativa and sustaining their position in the market. For instance, in June 2023, the European regulatory authority approved Novartis AG, a Switzerland-based pharmaceutical company, for Cosentyx for hidradenitis suppurativa. Cosentyx is the first and only completely human biologic that specifically blocks interleukin-17A, an essential cytokine associated with hidradenitis suppurative disease. Cosentyx is a well-established medication that has been clinically researched for over 14 years.

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The hidradenitis suppurativa market is segmented -
1) By Skin Condition: Folliculitis, Pimples, Boils, Deep-Acne

2) By Product: Tablet, Intravenous (IV) Injection

3) By Route Of Administration: Oral, Parenteral

4) By Treatment: Medications, Surgery, Photodynamic Therapy (PDT), Laser Treatment, Other Treatments

5) By End User: Hospital, Specialty Clinic, Homecare, Other End Users

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the hidradenitis suppurativa market.

The Business Research Company's "Global Hidradenitis Suppurativa 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 Hidradenitis Suppurativa Market Include:
1. Executive Summary
2. Hidradenitis Suppurativa Market Characteristics
3. Hidradenitis Suppurativa Market Trends And Strategies
4. Hidradenitis Suppurativa Market - Macro Economic Scenario
……..
32. Global Hidradenitis Suppurativa Market Competitive Benchmarking
33. Global Hidradenitis Suppurativa Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Hidradenitis Suppurativa Market
35. Hidradenitis Suppurativa Market Future Outlook and Potential Analysis
36. Appendix

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