Hyperpigmentation Treatment Market Scope
Hyperpigmentation is a medical term used to describe darker patches of skin from excess melanin production. This can be caused by acne scars and sun damage to hormone fluctuations. Hyperpigmentation is characterized by the age spots, brown spots, freckles, melasma and post-inflammatory hyperpigmentation. Skin darkening occurs as a result of melanin augmentation beneath the epidermis layer of the skin. Some medications and certain health conditions can also lead to hyperpigmentation. It can be cured by various methods or treatments which includes avoiding sun exposure and using removal techniques such as cosmetic treatments (laser therapy, intense pulsed light and chemical peels), creams, and home remedies. Laser treatment and light therapies have become a popular therapy choice which drives the growth of hyperpigmentation treatment market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Episciences (United States), Vivier Pharma (India), La Roche-Posay (Japan), Pierre Fabre Dermo Cosmetique (France), Bayer (Germany), Alvogen (New York), Allergen (Ireland), Obagi Medical Products (United States), SkinCeuticals International (United States) and L'Oréal Paris (France) |
CAGR | % |
Hyperpigmentation Treatment Market is a fragmented market due to the presence of various players. The players are focusing on developing and originating innovative treatments for hyperpigmentation. The companies are also planning strategic activities such as product launch, collaborations, mergers and acquisitions to sustain in the market and maintain their competitive edge.
Episciences (United States), Vivier Pharma (India), La Roche-Posay (Japan), Pierre Fabre Dermo Cosmetique (France), Bayer (Germany), Alvogen (New York), Allergen (Ireland), Obagi Medical Products (United States), SkinCeuticals International (United States) and L'Oréal Paris (France) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Hyperpigmentation Treatment market by Type and Region with country level break-up.
On the basis of geography, the market of Hyperpigmentation 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).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
On March 2023, the local arm of the world’s largest cosmetics company, L’Oréal, is scouting for acquisitions in the skin and make-up market in India, said a top company executive, adding that it seeks to capitalize on the country’s rising demand for beauty products.
On October 2021, Immunoprecise Antibodies Ltd. and the Pierre Fabre pharmaceutical group announced that IPA’s subsidiary, Talem Therapeutics LLC (“Talem”), and Pierre Fabre have entered a multi-year, multi-target research collaboration with the goal to discover and develop therapeutics antibodies for up to nine targets. This strategic collaboration is expected to help expand Talem’s portfolio of novel antibodies across oncology. It adds to the variety of diverse relationships that the IPA group of companies holds across the pharmaceutical and biotechnology sector.
Market Growth Drivers:
Customer Demand for Skin Brightening Products., Changing Lifestyles Boost the Market Growth., Some Subscription Options May Make Products More Affordable. and Laser Treatment and Light Therapy.
Challenges:
Side Effects Of Laser Treatment May Negatively Influence The Market.
Restraints:
High Cost of Treatment. and Low Healthcare Budgets in Developing Countries.
Opportunities:
Rise In The Research And Development Activities And Emerging Markets.