Press release
Major Market Shift in Hyperhidrosis Treatment Industry: Introduction Of Wipe Formulations Enhances Hyperhidrosis Treatment Market
Hyperhidrosis Treatment Market Size
The hyperhidrosis treatment market is projected to grow from $1.58 billion in 2024 to $1.67 billion in 2025, at a CAGR of 5.9%. The growth is driven by increasing awareness of the psychosocial impact of hyperhidrosis, cosmetic concerns, and regulatory support.
The Hyperhidrosis Treatment market is projected to grow to $2.13 billion by 2029 at a CAGR of 6.2%. Growth is driven by patient-centered treatments, health awareness, advancements in therapies, and surgical innovations. Trends include personalized treatments, telemedicine, and collaborations.
What Factors Are Propelling the Expansion of the Hyperhidrosis Treatment Market?
The rising prevalence of diabetes mellitus is expected to accelerate the growth of the hyperhidrosis treatment market moving forward. Diabetes mellitus is a condition where the body either does not produce enough insulin or does not respond properly to it, leading to high blood sugar levels. It can also damage nerves that regulate sweat glands, causing excessive sweating or hyperhidrosis. Diabetes can interfere with the body's ability to regulate temperature and produce the necessary sweat to cool down. For instance, according to the Office for Health Improvement & Disparities, a UK-based government agency, from March 2022 to March 2023, the number of individuals with type 1 diabetes receiving all eight recommended care processes rose by 22%, and for type 2 diabetes, it increased by 21%. Additionally, the percentage of patients achieving target HbA1c levels reached 37.9%, the highest reported by the National Diabetes Audit (NDA). Thus, the increasing prevalence of diabetes mellitus is driving the hyperhidrosis treatment market.
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Which Businesses Are at the Forefront of Hyperhidrosis Treatment Market Development?
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.
What Are the Latest Innovations in the Hyperhidrosis Treatment Market?
In the hyperlipidemia market, major companies are developing new treatments, such as advanced therapies targeting low-density lipoprotein (LDL) cholesterol, to maintain their market position. For instance, in March 2024, Regeneron Pharmaceuticals, Inc., a US-based biotech firm, announced the FDA approval of Praluent (alirocumab) Injection, a treatment for heterozygous familial hypercholesterolemia in children. This therapy, which has been shown to reduce LDL-C levels by 31%, marks a significant milestone in heart disease treatment for children.
How Is the Hyperhidrosis Treatment Market Segmented?
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
Subsegments:
1) By Topical Treatments: Aluminum Chloride Solutions, Antiperspirants
2) By Surgical Treatments: Sympathectomy, Excision
3) By Botulin Toxin A: Injection Treatments, Combination Therapies
4) By Iontophoresis: Home Devices, Clinical Devices
5) By Laser Treatments: Microwave Therapy, Laser Ablation
6) By Other Treatments: Oral Medications, Alternative Therapies
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Where Is the Hyperhidrosis Treatment Market Growth Most Prominent?
North America was the largest region in the hyperhidrosis treatment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hyperhidrosis treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Is Covered In The Hyperhidrosis Treatment Global Market Report?
- Market Size Analysis: Analyze the Hyperhidrosis Treatment Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Hyperhidrosis Treatment Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Hyperhidrosis Treatment Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Hyperhidrosis Treatment Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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