What is Axillary Hyperhidrosis Drug Market Scope?
Hyperhidrosis is excessive sweating that goes beyond what is physiologically necessary for thermoregulation and often causes social, emotional, and work-related impairments. This condition can be primary or secondary. Primary hyperhidrosis is idiopathic, bilaterally symmetrical, excessive sweating of the armpits, palms, soles of the feet, face, and less often the scalp or groin folds. Secondary hyperhidrosis can be focal or generalized and is caused by an underlying illness or the use of medication. The doctor can prescribe an antiperspirant with aluminum chloride (Drysol, Xerac Ac). Some of the oral medications block the chemicals that allow certain nerves to communicate with each other. This can reduce sweating in some people. In addition, some of the medications for depression can also reduce sweating. Treatment by the usage of botulinum toxin (myobloc, botox, others) temporarily helps in blocking the nerves that thereby cause sweating. The effects last for six to 12 months, and then the treatment must be repeated. This treatment can be painful and some people experience temporary muscle weakness in the area being treated.
Influencing Trend:
Increasing Healthcare Spending and Demand for Drug Therapy and Growth in the Trend of Setting up Of Well-Established Health Care Facilities in Developed Regions
Market Growth Drivers:
Growing Geriatric Population in Major Economies, Increasing Awareness among People about Preventive Healthcare and The Rise in Incidence Rates of Hyperhidrosis Disorder across the Globe
Challenges:
Availability of Substitutes and Unawareness About the Disease and Treatment in the Developing Regions
Restraints:
Stringent Government Rules and Regulation and Side Effects Due to Axillary Hyperhidrosis Drug
Opportunities:
R&D and Product Innovation, The Rise in the Online Pharmacies, Potential Growth From Emerging Countries and Increasing Adoption of Western Life Style, Changing Health Care Infrastructure, And Ease in the Availability Of Therapeutic Drugs
The Axillary Hyperhidrosis Drug market study is being classified by Type (Prescription Antiperspirant, Nerve-blocking Medications, Antidepressants, Botulinum Toxin Injections and Others), by Application and major geographies with country level break-up.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Axillary Hyperhidrosis Drug market throughout the predicted period.
Allergan Plc (Ireland), Brickell Biotech Inc. (United States), Dermira Inc. (United States), Dr. August Wolff GmbH & Co KG Arzneimittel (Germany), GlaxoSmithKline Plc (United Kingdom), TheraVida Inc. (United States), Revance Therapeutics, Inc. (United States) and Ulthera, Inc. (United States) are some of the key players profiled in the study.
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Axillary Hyperhidrosis Drug market by Type, Application and Region.
On the basis of geography, the market of Axillary Hyperhidrosis Drug 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).
Market Influencers and their Development Strategies
In September 2019, Brickell Biotech, Inc., a clinical-stage pharmaceutical company, merged with Vical Incorporated, following the approval of Vical's stockholders. Brickell is expected to start trading on Nasdaq Capital Market today under the ticker symbol "BBI."
First-line treatment of all primary focal hyperhidrosis, regardless of severity, is topical 20% aluminum chloride (Drysol). For craniofacial hyperhidrosis, topical 2% glycopyrrolate (compounded by a pharmacy) may be considered first-line treatment. It has shown a 96% success rate with minimal adverse effects (mild skin irritation) and can be applied once every two to three days. There are three devices registered with the U.S. Food and Drug Administration namely, RA Fischer MD-1a, RA Fischer MD-2, and Drionic. The procedure can be easily performed at home, and adverse effects (e.g., erythema, vesiculation, tingling) are typically mild and do not require cessation of the treatments. Also, there are several commercially available botulinum toxin preparations approved by the U.S. Food and Drug Administration that are available to physicians who are trained in this procedure. The most commonly used is onabotulinumtoxinA (Botox).
Key Target Audience
Manufacturers of Axillary Hyperhidrosis Drug, Suppliers and Distributors of Axillary Hyperhidrosis Drug, End-Users, Potential Investors, Market Research Firms, Regulatory Bodies and Others
Axillary Hyperhidrosis Drug Market Study: Important Years
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Axillary Hyperhidrosis Drug Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Axillary Hyperhidrosis Drug industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.