Pigmentation Disorder Treatment Market Size, Share, Growth, Research Report and Forecast 2023-2028
The new report by Expert Market Research titled, ‘Global Pigmentation Disorder Treatment Market Report and Forecast 2023-2028’, gives an in-depth analysis of the global pigmentation disorder treatment market share. It assesses the market based on its segments like disease indications, treatment types, distribution channels, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall pigmentation disorder treatment market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 7.4%
The increasing cases of pigmentation disorders owing to changing lifestyles, prolonged exposure to UV rays of the sun, and global warming is driving the demand for pigmentation disorder treatment. In addition to this, the rising awareness pertaining to skincare is leading to an increase in the rate of check-ups in dermatology clinics, which is further propelling the market growth.
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Over the forecast period, there is a bolstering demand for pharmacological drugs and acids for skin treatment. Changing patient preferences towards minimally invasive treatment procedures is anticipated to boost the growth of the market.
Geographically, North America is anticipated to witness a healthy growth in the coming years due to the technologically advanced healthcare system in the United States and Canada. The increasing cases of Albinism in the United States are likely to fuel the demand for pigment disorder treatment in the forecast period.
Pigmentation Disorder Treatment Industry Definition and Major Segments
Pigmentation disorder is a type of disease that changes the colour of the skin. In this disorder, melanocytes, which are the specialised skin cells, get damaged or are unable to produce melanin. This affects the skin colour of a specific body part or the entire body. The treatment of pigmentation disorder is aimed at diagnosing, evaluating, and treating the skin cells. The treatment of this order can include various therapies depending upon the condition of the skin.
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On the basis of disease indication, the pigmentation disorder treatment market can be divided into:
- Melasma
- Vitiligo
- Albinism
- Post-Inflammatory Hyperpigmentation
Based on treatment type, the market is segmented into:
- Pharmacological Treatment
- Topical drugs
- Hydroquinone
- Azelaic Acid
- L-Ascorbic Acid
- Others
- Cosmetic Treatment
- Chemical Peel
- Laser Therapy
- Dermabrasion
- Skin Grafting
- Others
The market, based on distribution channel, can be categorised into:
- Dermatology Clinics
- Aesthetic Clinics
- Drugstores and Cosmetic Stores
- E-Commerce
- Others
The regional markets for pigmentation disorder treatment include:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Pigmentation Disorder Treatment Market Trends
The key trends in the market for pigmentation disorder treatment include the robust development of dermatology and aesthetic clinics owing to the rising standards of living and increasing health expenditure. The increasing geriatric population and the surging prevalence of pigmentation disorder among them are anticipated to fuel the market.
Moreover, the thriving e-commerce industry is spearheading the sales of pharmacological skin treatment products, which is likely to be another key trend in the market. The market is further anticipated to be aided by the growing R&D activities by major market players and rapid clinical trials to develop medicines to curb cases of pigmentation disorders.
Key Market Players
The major players in the market are:
- Dermatology Clinics
- Aesthetic Clinics
- Drugstores and Cosmetic Stores
- E-Commerce
- Others
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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