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2024 Global Warts Therapeutics Market Size, Share, Trends And Growth Analysis Report | Pfizer Inc., GlaxoSmithKline plc, Merck & Co. Inc., Verrica Pharmaceuticals Inc
Warts Therapeutics Global Market Report 2024
Warts Therapeutics Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $2.29 billion In 2028 At A CAGR Of 3.7%.
The warts therapeutics market size has grown steadily in recent years. It will grow from $1.91 billion in 2023 to $1.98 billion in 2024 at a compound annual growth rate (CAGR) of 4.0%. The growth in the historic period can be attributed to salicylic acid use, cryotherapy development, topical treatments evolution, surgical interventions, emergence of immunotherapy.
The warts therapeutics market size is expected to see steady growth in the next few years. It will grow to $2.29 billion in 2028 at a compound annual growth rate (CAGR) of 3.7%. The growth in the forecast period can be attributed to precision medicine for hpv, laser therapy innovations, combination therapies, digital health solutions, healthcare accessibility initiatives. Major trends in the forecast period include targeted antiviral therapies, gene editing research, biodegradable delivery systems, psychodermatology focus, v.
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Warts Therapeutics Market Major Segments
The warts therapeutics market covered in this report is segmented -
1) By Type: Common Warts, Genital Warts, Flat Warts, Other Types
2) By Treatment: Physical Destruction, Immunomodulation, Chemical Destruction
3) By End User: Hospitals, Homecare, Specialty Clinics, Other End Users
Key Driver - Accelerating Growth In The Warts Therapeutics Market Through Increased Focus On Hpv Vaccinations
The increasing focus on vaccinations for warts is expected to propel the growth of the wart's therapeutics market going forward. 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. For instance, in July 2023, according to the World Health Organization, a Switzerland-based international public health organization, in 2022, there was an improvement in the number of children who did not receive any vaccinations, commonly referred to as zero-dose children, decreasing from 18.1 million in 2021 to 14.3 million. Additionally, global coverage for the initial dose of the human papillomavirus (HPV) vaccine in girls increased from 16% in 2021 to 21% in 2022. Therefore, the increasing focus on vaccinations for warts is driving the growth of the wart therapeutics market.
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Prominent Trend - Advancing Wart Therapeutics Market Through Cutting-Edge Product Developments
Product innovation is the key trend gaining popularity in the wart therapeutics market. 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.
Warts Therapeutics Market Players
Major companies operating in the warts therapeutics market report 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., pHion Therapeutics, RXi Pharmaceuticals, Phio Pharmaceuticals Corp., MedCara Pharmaceuticals, Compound W, Duofilm, Curad Mediplast, Euro Vital Pharma GmbH, Koninklijke Utermöhlen NV
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Largest And Fastest Growing Region In The Market
North America was the largest region in the warts therapeutics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the warts therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Warts Therapeutics Market Report Structure
3. Warts Therapeutics Market Trends And Strategies
4. Warts Therapeutics Market - Macro Economic Scenario
5. Warts Therapeutics Market Size And Growth
…..
27. Warts Therapeutics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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