About Hyperhidrosis Treatment
Hyperhidrosis is a condition characterized by excessive sweating that is not necessarily related to heat or exercise. It is estimated that roughly 3% of the world’s population i.e. around 200 million people have this medical condition. It can affect just one specific area or the whole body. It is normally most active in the hands, feet, armpits, and the groin because of their relatively high concentration of sweat glands. It may be present from birth or might develop later in life. Hyperhidrosis treatment depends on the type of hyperhidrosis and where the excessive sweating occurs on the body.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Hyperhidrosis Treatment market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Allergan, Inc. (United States), GlaxoSmithKline Plc (United Kingdom), Revance Therapeutics Inc. (United States), Ulthera, Inc. (United States), TheraVida, Inc. (United States), Dermira, Inc. (United States) and Sientra Inc. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Hyperhidrosis Treatment market by Type (Antiperspirants, Iontophoresis, Botulinum toxin injections, Prescription cloth wipes, Prescription medicine and Surgery), Application (Hospitals, Dermatology Clinics and Other) and Region.
On the basis of geography, the market of Hyperhidrosis Treatment has been segmented into 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). If we see Market by Disease Type, the sub-segment i.e. Primary Focal Hyperhidrosis will boost the Hyperhidrosis Treatment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Diagnosis, the sub-segment i.e. Physical Examination will boost the Hyperhidrosis Treatment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Focus on Preventive Healthcare
Market Growth Drivers:
Increase in the Prevalence of Hyperhidrosis, Development of New Diagnostic Centres and Hospitals and Increase in the Research Activities
Challenges:
Stringent Government Rules and Regulations
Restraints:
Less Awareness among People
Opportunities:
Rising Regulatory Approval for Hyperhidrosis Medicines and Growing Healthcare Industry Worldwide
Market Leaders and their expansionary development strategies
In January 2019, GlaxoSmithKline plc has announced that it has successfully completed the acquisition of TESARO, Inc. an oncology-focused company based in Waltham, Massachusetts.
In April 2023, Candesant Biomedical a private medical device company focused on the development and commercialization of non-invasive treatments for hyperhidrosis or excessive sweating not always related to heat or exercise, today announced the U.S. Food and Drug Administration (FDA) granted a de novo request for Brella™, the first and only 3-Minute SweatControl Patch™ for the reduction of excessive underarm sweating in adults with primary axillary hyperhidrosis. Brella uses Candesant's novel, patented TAT (targeted alkali thermolysis) technology.
Key Target Audience
Hyperhidrosis Treatment Providers, Research Professionals, Emerging Companies, Distributors, Government Body and Associations and End-users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.