Press release
Xerosis Treatment Market Size Forecasted To Achieve 11.69 Billion By 2029 With Steady Growth
Xerosis Treatment
What Is the Xerosis Treatment Market Size and Projected Growth Rate?
The market size of the treatment for xerosis has seen considerable growth in the past few years. The forecast indicates that this market will expand from $8.96 billion in 2024 to $9.47 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 5.7%. This growth over the historic period is attributable to the rising prevalence of dry skin issues, heightened awareness surrounding skincare, an increase in dermatological consultations, a surge in the availability of over-the-counter moisturizers, and growing demands for natural and organic skincare products.
Expectations are high for robust expansion in the xerosis treatment market in the coming years. With a projected compound annual growth rate (CAGR) of 5.4%, the market is forecasted to reach a value of $11.69 billion by 2029. This expected surge during the forecast period can be attributed to a multitude of factors such as an uptick in the elderly population, escalating levels of environmental pollution, increased emphasis on better skincare routines, a surge in skin health issues, and the growing popularity of tailor-made skincare products. Looking forward, significant industry trends include advancements in topical treatments, enhanced formulation processes for moisturizers, innovative strides in prescription-grade skincare solutions, progress in clinical trials for emerging therapies, and ground-breaking developments in wearable skincare technology.
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What Are the Major Segments in the Xerosis Treatment Market?
The xerosis treatment market covered in this report is segmented -
1) By Type: Medication, Personal Care Products
2) By Form: Tablets, Lotion, Cream, Ointment, Shower Forms, Other Forms
3) By Symptoms: Roughness, Tightness, Itching, Flaky Skin
4) By End Users: Hospitals, Clinics, Homecare Settings, Other End Users
Subsegments:
1) By Medication: Topical Corticosteroids, Oral Antihistamines, Immunomodulators, Antibacterial Agents, Antifungal Agents
2) By Personal Care Products: Moisturizers, Emollients, Humectants, Bath Additives, Cleansers
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What Are The Driving Xerosis Treatment Market Evolution?
An uptick in healthcare expenses is projected to stimulate the expansion of the xerosis treatment market in the future. Healthcare expenditure covers all resources invested in medical services, prevention, disease diagnosis, treatment, and regulation, by individuals, governments, and organizations alike. Medical technology advancements are contributing to the rise in healthcare costs due to the higher expenses associated with developing, implementing, and maintaining new diagnostic tools and treatment protocols. Improved access to dermatological care as a result of increased healthcare spending allows for early and regular management of xerosis through professional supervision and advanced therapies. As per data from the Office for National Statistics, a governmental agency in the UK, in May 2024, total healthcare expenditure shot up by 5.6% in 2023, whereas long-term health and social care spending saw a real-term growth of 2.8% in 2022. Therefore, the growing healthcare expenditure is facilitating the expansion of the xerosis treatment market.
Which Firms Dominate The Xerosis Treatment Market Segments?
Major companies operating in the xerosis treatment market are Pfizer Inc., The Procter & Gamble Company, Johnson & Johnson, Unilever PLC, Bayer AG, Sanofi S.A., L'Oréal S.A., GlaxoSmithKline plc, Bausch Health Companies Inc., Sun Pharmaceutical Industries Ltd., Galderma S.A., Dr. Reddy's Laboratories Ltd., LEO Pharma A/S, Arcutis Biotherapeutics Inc., Neutrogena, Aveeno, CeraVe, La Roche-Posay, Nivea, Cetaphil.
What Are the Major Trends Shaping the Xerosis Treatment Market?
Leading enterprises in the xerosis treatment market are concentrating on developing innovative solutions such as gentle lotions to improve skin barrier functionality and deliver enduring hydration for superior management of dry skin ailments. Soft lotion is a non-oily moisturizing concoction that is designed to hydrate skin subtly and is generally suitable for ordinary or sensitive skin types for daily application. For example, Cadila Pharmaceuticals, a pharmaceutical company based in India, introduced Laglo Soft Lotion in February 2022, crafted to address diverse dry skin problems. The lotion is successful in managing conditions such as Xerosis, Ichthyosis, Atopic Dermatitis, and Psoriasis, and can also handle skin aging and act as an ancillary treatment along with corticosteroids. The lotion, with its focus on providing comfort through deep hydration and enhancing skin health, proves effective, making Laglo Soft Lotion an all-inclusive solution for skincare.
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Which Is The Largest Region In The Xerosis Treatment Market?
North America was the largest region in the xerosis treatment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the xerosis treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Xerosis Treatment Market?
2. What is the CAGR expected in the Xerosis Treatment Market?
3. What Are the Key Innovations Transforming the Xerosis Treatment Industry?
4. Which Region Is Leading the Xerosis Treatment Market?
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