Press release
Hyperhidrosis Treatment Market Analysis, Size, Share, Trends, Demand Patterns, Growth Rate And Forecasts 2024-2033 | Key Players: Pfizer Inc., AbbVie Inc., Sanofi S.A., AstraZeneca Plc, GSK plc
Hyperhidrosis Treatment Market Report
The Business Research Company offers in-depth market insights through Hyperhidrosis Treatment Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The hyperhidrosis treatment market size has grown strongly in recent years. It will grow from $1.48 billion in 2023 to $1.58 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to cosmetic concerns, psychosocial impact awareness, regulatory support.
The hyperhidrosis treatment market size is expected to see strong growth in the next few years. It will grow to $1.99 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to patient-centric treatment approaches, global health awareness, advancements in topical therapies, innovations in surgical procedures, inclusion in comprehensive dermatology practices. Major trends in the forecast period include personalized treatment approaches, technological innovations in medical devices, research and development in oral medications, telemedicine for consultations and follow-ups, collaborations and partnerships.
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Market Segmentation:
The hyperhidrosis treatment market covered in this report is segmented -
1) By Treatment Type: Topical Treatments, Surgical Treatments, Botulin Toxin A, Iontophoresis, Laser Treatments, Other Treatments
2) By Route of Administration: Oral, Injectable
3) By Disease Type: Axillary hyperhidrosis, Palmar hyperhidrosis, Plantar hyperhidrosis, Other Diseases
4) By Distribution Channel: Hospitals, Ambulatory Surgical Centers, Retail Pharmacies, Online
Major Driver - Rising Prevalence Of Diabetes Mellitus Boosts The Hyperhidrosis Treatment Market
The increasing prevalence of diabetes mellitus is expected to propel the growth of the hyperhidrosis treatment market going forward. Diabetes mellitus is a condition that occurs when the body does not create enough insulin or does not respond correctly to insulin, resulting in excessively high blood sugar (glucose) levels. Diabetes may damage the nerves that control sweat glands and cause excessive sweating or hyperhidrosis. Diabetes can make it difficult for a person's body to maintain a steady temperature and produce the right amount of sweat to keep the body cool. For instance, in December 2021, according to the International Diabetes Federation, a US-based intergovernmental organization, diabetes affected 537 million adults (20-79 years old) in 2021, and it is predicted that the number is going to climb to 643 million people by 2030 and a total of 783 million by 2045. Therefore, the increasing prevalence of diabetes mellitus is driving the hyperhidrosis treatment market.
Competitive Landscape:
Major companies operating in the hyperhidrosis treatment market report are Pfizer Inc., AbbVie Inc., Sanofi S.A., AstraZeneca Plc, GSK plc, Teva Pharmaceutical Industries Ltd., Mylan N.V., Cynosure LLC, Ipsen SA, Galderma S.A., Merz Pharma GmbH & Co. KGaA, Daewoong Pharmaceutical Co. Ltd., Supernus Pharmaceuticals Inc, Kaken Pharmaceutical Co Ltd, Avanor Healthcare Ltd., HUGEL Inc., Evolus Inc., Revance Therapeutics Inc., Dermira Inc., Sesderma SL, Miramar Labs Inc., Dermavant Sciences Inc., Theravida Inc., SweatBlock, Brickell Biotech Inc., Fresh Tracks Therapeutics Inc., Advin Health Care Inc, Dermadry Laboratories Inc., Ulthera Inc., Dermata Therapeutics Inc.
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Top Trend - Introduction Of Wipe Formulations Enhances Hyperhidrosis Treatment Market
Major companies operating in the hyperhidrosis treatment market are increasing their focus on introducing wipe formulations to drive their revenues in the market. Wipe formulation is a method of delivering medication or antiperspirant to the skin using a pre-moistened wipe, and these are used to apply antiperspirant medication to the skin to reduce excessive sweating. For instance, in May 2022, Maruho Co. Ltd., a Japan-based pharmaceutical company, launched Rapifort Wipes 2.5% for treating primary axillary hyperhidrosis in Japan. It features glycopyrronium tosilate hydrate as an active ingredient that reduces perspiration production by inhibiting acetylcholine receptor activation in sweat glands. Sweating will be reduced by applying the medication solution once a day to both underarms with a single piece of non-woven cloth in one packet. It is simple and hygienic because it is a single-use wipe composition. Primary axillary hyperhidrosis is a disease that causes excessive underarm sweating with no apparent cause and interferes with daily life activities.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Hyperhidrosis Treatment Market Characteristics
3. Hyperhidrosis Treatment Market Trends And Strategies
4. Hyperhidrosis Treatment Market - Macro Economic Scenario
5. Hyperhidrosis Treatment Market Size And Growth
…..
27. Hyperhidrosis Treatment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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