Global Lichen Sclerosus Treatment Market Booming in 2018 and Predicted to Achieve Double Digit CAGR by 2023

The Global Lichen Sclerosus Treatment Market is expected to grow at a CAGR of 7.8% during the forecast period and is estimated to reach USD 150 million by 2023. Lichen sclerosus is a skin disease that affects the genital and anal areas. In some cases, they may appear on upper body such as arms and breast regions. The main cause of lichen sclerosus is still unknown, but some of the other causes are hormonal imbalance, hyper immunity reactions. Patients with skin destruction around genital or anal region are more susceptible to develop lichen sclerosus. Generally women suffering from vulva’s lichen sclerosus are at a high risk of developing vulvar cancer.

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Increasing prevalence of skin diseases worldwide is one of the major factors contributing to the growth of the market. Moreover, hormonal misbalance in females undergoing menopause are more susceptible to lichen sclerosus, which boosts the growth of market. On the other hand, availability of exact treatment, and unawareness about rare skin diseases among people may hamper the market growth. The global lichen sclerosus treatment market is expected to grow at a CAGR of 7.8% during the forecast period and is estimated to reach USD 150 million by 2023.

Global Sclerosus Treatment Market Key Players:

Some of the key players in this market are AstraZeneca plc, Bristol-Myers Squibb Company, GlaxoSmithKline plc, Johnson & Johnson Services, Inc., Merck & Co., Inc., Pfizer Inc., Sandoz AG (Novartis AG), Sanofi S.A., Valeant Pharmaceuticals, and Zylera Pharmaceuticals.

The Global Lichen Sclerosus Treatment Market Regional Analysis:

The American region accounted for the largest share of the global lichen sclerosus treatment market due to increasing prevalence of skin disease and demand for new topical products for its treatment. According to the American Osteopathic College of Dermatology, in 2013, USD 75 billion were spent on skin disease by the Americans. Aging population is another factor responsible for the market growth in the American countries.

Europe is the second largest market that holds a noticeable share of the global lichen sclerosus treatment market owing to an increasing awareness regarding skin diseases, demand for skin care cosmetics, and growing market for dermatology in many European countries.

In Asia Pacific, increasing number of dermatology clinics, rising demand for evidence based skin care, and increasing prevalence of skin diseases drives the growth of the market.

The Middle East & Africa is expected to show a steady but positive growth in this market due constant demand for diagnostics services in dermatology.

The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different markets segments and regions.

The report for global Lichen Sclerosus Treatment market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance.

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Major T.O.C Lichen Sclerosus Treatment Market Research Report - Global forecast till 2023:

1 Report Prologue

2 Market Introduction

2.1 Definition

2.2 Scope of the Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

3 Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary research

3.4 Market Size Estimation

4 Market Dynamics

4.1 Drivers

4.2 Restrains

4.3 Opportunities

4.4 Challenges

4.5 Macroeconomic Indicators

4.6 Technology Trends & Assessment

TOC Continued…!

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