Hyperpigmentation Disorder Treatment Market Share, Size, Key Players, Trends, Competitive and Regional Forecast to 2030

The hyperpigmentation disorder treatment market forecast can help stakeholders in this marketplace outline their growth strategies. The market is projected to grow from US$ 6.68 billion in 2022 to US$ 11.78 billion by 2030; it is estimated to record a CAGR of 7.4% during 2022-2030.

Factors such as simplified and minimally invasive procedures, and wide range of applications; and improvements in comfort, efficiency, and outcomes with technological advancements propel the hyperpigmentation disorder treatment market. However, the potential side effects and regulatory challenges hamper the growth of the market. The growing adoption of novel products based on path-3 technology is further expected to bring new trends in the hyperpigmentation disorder treatment market in the coming years.

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Key Players Analysis:

• AbbVie Inc,
• Bayer AG,
• Epipharm AG,
• Galderma Laboratories,
• Obagi Cosmeceuticals LLC,
• Lutronic Corporation,
• La Pristine,
• Loreal S.A,
• Pierre Fabre Group,
• Vivier Pharma USA

Restraints:

High Cost of Treatments

Cost is an essential factor in elective procedures or treatments. The cost of cosmeceutical, chemical peel, cryotherapy, light or laser therapy, microdermabrasion, and other hyperpigmentation varies depending on the type of technique employed, the time and effort required for the process or therapy, the geographic location of facilities, and the professional expertise of the surgeon carrying out the treatment. Moreover, health insurance does not cover hyperpigmentation treatments. The hyperpigmentation treatment cost is significantly high. For instance, salicylic acid, which is the highest-rated active ingredient, costs nearly US$ 15.00 per ounce. Furthermore, kojic acid has the highest cost among all active ingredients, i.e., US$ 24.89 per ounce), which is much higher than the cost of sunscreen products (US$ 3.32, a median price per ounce). The use of sunscreens is the recommended first-line hyperpigmentation treatment.

Regional Analysis:

In terms of geography, the scope of the hyperpigmentation disorder treatment market report includes North America, Europe, Asia Pacific, South & Central America, and the Middle East & Africa. In 2022, North America held the largest market share. The increasing numbers of clinics and hospitals providing hyperpigmentation disorder treatment services, and the growing product approvals and launches propel the hyperpigmentation disorder treatment market growth in Canada. For instance, in March 2023, Candela, a Canadian medical device company, received Health Canada's approval for its picosecond laser system, which was previously approved for benign pigmented lesions treatments, tattoo removal, acne scarring treatments, and wrinkle reduction procedures, among other indications. These factors together contribute to the expansion of the hyperpigmentation disorder treatment market size in North America.

SEGMENTATION

The study conducts a SWOT analysis of each company to evaluate strengths and weaknesses. It also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal according to different segments. The report also predicts the influence of different industry aspects on the Hyperpigmentation Disorder Treatment market segments and regions.

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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the Hyperpigmentation Disorder Treatment Market based on various segments. It also provides market size and forecast with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Hyperpigmentation Disorder Treatment Market by each region is later sub-segmented by respective countries and segments.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Food and Beverages, Consumers and Goods, Chemicals and Materials.

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