Market Highlights: Vitiligo is a skin disease that prevents through a long-term period, also patches the skin to lose their colour. The skin patches that are affected by the disease Vitiligo become white. This kind of disease happens because of melanocytes within the skin die off. Moreover, skin pigmentation, melanin, due to which skin has its colour, protection from sun UV rays this all happens because of melanocyte cells. Hence the deficiency of this pigment can create diseases like this. Therefore, the growing per capita healthcare expenditure, improving healthcare infrastructure in developing countries, growing disease awareness and expected approval of Vitiligo treatment are some of the driving forces for the growth of this market. In addition to that, the key players are focusing on adopting collaboration and acquisition strategies. The market study is being classified by Type (Topical Treatment, Light Therapy, Surgical Procedures and Others), by Application (Hospitals, Aesthetic Clinics and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the Vitiligo Treatment are Boston Pharmaceuticals (United States), Incyte (United States), Astellas Pharma (Japan), Bausch Health (Canada), Baxter (United States), Pfizer (United States), STRATA Skin Sciences (United States), Dr. Reddy's Laboratories (India), Bristol-Myers Squibb (United States), Celgene (United States) and Clinuvel Pharmaceuticals (Australia).
Major Market Development Highlights In October 2018, Boston Pharmaceutical entered into a licensing agreement with GlaxoSmithKline for the development and commercialization of phase 1 drug products for the treatment of vitiligo. In 2018, Boston Pharmaceutical expanded its product pipeline by adding a topical formulation called GSK3183475 from GlaksoSmith Kline, a small molecule inhibitor used in the treatment of vitiligo and psoriasis, currently in phase 1 clinical trial.
Key Questions Answered in the Report What will the Vitiligo Treatment Market size and the growth rate be in Future? What are the key factors driving the Vitiligo Treatment Market? What are the key market trends and macro-economic impacting the growth of the Vitiligo Treatment Market? What are the challenges to market growth? Who are the key vendors in the Vitiligo Treatment Market? What are the market opportunities and threats faced by the vendors in the Vitiligo Treatment Market? Trending factors influencing the market shares of the Players. What are the key outcomes of the five forces analysis of the Vitiligo Treatment Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Vitiligo Treatment market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Vitiligo Treatment market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Vitiligo Drug and Surgical Instruments Manufactures, Potential Investors, Government Bodies and Associations, Up and Down Stream Vendors, Private Research Organizations, Suppliers and Distributors and Others. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.