The global market for hyperpigmentation disorders treatment is all set to score a valuation that would surpass the previous one of USD 3,915 million in 2017 at a CAGR of 7.1% CAGR between 2018 and 2023. The time frame has been integrated into the report as the forecast period. Market Research Future (MRFR) has detailed coverage of the market to ensure better understanding of the various growth possibilities.
Hyperpigmentation disorder causes the appearance of skin patches that are dark in nature like brown or black. The disorder is quite common and can be treated using various procedures. For instance, the minimally invasive dermabrasion procedures, lasers in pigmentation disorders treatment and others can significantly impact the market growth. The cosmetics market is also witnessing a strong rise in investment in the cosmetics market. Better research and development expenditure, various marketing strategies and others are expected to make sure that the market gains better prospects in the coming years. However, lack of reimbursement strategies, high costs involved in the procedure, and others can deter the market from achieving its expected growth rate.
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Competitive Analysis:
There are several companies that are taking part in the global market for hyperpigmentation disorders treatment. These companies have been profiled and recorded well by MRFR for an insightful analysis that can initiate several changes in the market. The enlisted companies are Bayer AG, Allergan, Inc., Episciences, Inc., EpiPharm AG, Obagi Cosmeceuticals LLC, Galderma laboratories (Nestle Skin Health S.A), SkinCeuticals International, Pierre Fabre, RXi Pharmaceuticals Corporation, and Vivier Pharma. These companies are relying mostly on various mergers, acquisitions, other tie-ups, and branding strategy.
Segmentation:
The global market focusing on hyperpigmentation disorders treatment integrates segments like disease indication, treatment type, and end-user. These segments are expected to hold significant information regarding various inputs that can impact the market in the coming years.
- By Treatment Type, the market for hyperpigmentation disorders treatment can be segmented into phototherapy, chemical peels, topical drugs, laser therapy, microdermabrasion, and others. the topical drugs segment has better market coverage.
- By Disease Indication, the market report for hyperpigmentation disorders treatment includes post-inflammatory hyperpigmentation, solar lentigines, melasma, and others. The melasma segment can register significant market growth in the coming years.
- By End user, the market study of the hyperpigmentation disorders treatment comprises aesthetic clinics & dermatology centers, hospitals, and others.
Regional Analysis:
The market in the Americas is expected to gain significant traction from robust healthcare infrastructure, better technological integration, strong support from the insurance policies, a better understanding of the global market, presence of several market players, and others. The regional market includes North and South of which the North is expected to promote substantial growth due to the presence of the US and Canada.
Europe’s market is expected to gain significant traction due to the presence and rise of the aging population. Governments of the region are showing significant market penetration to inspire better market growth. Countries from the region like the UK, France, Germany, and others are expected to make sure that the market gains better mileage.
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The underdeveloped regions of the Middle East & Africa can deter the growth rate of the global market. This can be the result of the lack of infrastructure that can impact the global market.
In the Asia Pacific region, awareness regarding hyperpigmentation disorders is growing considerably, which can provide significant market traction. At the same time, various other factors like the presence of fast-developing healthcare technology, significant patient population, and better healthcare expenditure can boost the market scenario. The region is both the fastest growing one and the producer of the highest market revenue. Both China and India are spending notably to make sure that the market moves forward at a rapid pace.
