About Hypopigmentation Disorder Treatment
Hypopigmentation refers to areas of skin that are lighter in colour than the rest of the body. The pigmentation, or colour, of your skin is determined by the development of a substance called melanin. The treatment of hypopigmentation or depigmentation of the skin is difficult. Acne, burn wounds, vitiligo, topically applied chemicals, or cryotherapy may all cause melanin loss in the skin, which can be a frustrating issue. There is currently no widely approved treatment for skin pigmentation restoration. Vitiligo and albinism are examples of hypopigmentation disorders. Topical medications, laser therapy, chemical peels, microdermabrasion, and other procedures are used to treat this condition (phototherapy, etc.). The global hypopigmentation condition treatment market is expected to grow due to a rise in the prevalence of acute hypopigmentation disorders such as vitiligo and albinism, which will fuel demand for therapeutics. According to the Global Vitiligo Foundation, vitiligo affects 70 million people worldwide. Furthermore, the global hypopigmentation disorder treatment market is projected to be driven by an increase in health-care spending and a rise in the number of clinical trials.
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 Hypopigmentation Disorder 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 (United States), Pierre Fabre (France), la roche-posay (United States), RXi Pharmaceuticals Corporation (United States), Obagi Cosmeceuticals LLC (United States), Alvogen (United States), Bayer AG (Germany), CLINUVEL PHARMACEUTICALS LTD (Australia), MedlinePlus (United States), Episciences, Inc (United States) and SkinCeuticals, (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Hypopigmentation Disorder Treatment market by Type (Topical Drugs, Laser, Chemical Peels, Microdermabrasion and Others), Application (Vitiligo, Albinism and Others) and Region.
On the basis of geography, the market of Hypopigmentation Disorder 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 End-Use, the sub-segment i.e. Hospitals will boost the Hypopigmentation Disorder Treatment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Chemical peels have found prominence in the past decades
Market Growth Drivers:
People are more concerned to improve the appearance of affected skin, Increasing prevalence of skin disorder, Rising aging population and Rise in the awareness about hypopigmentation disorders
Challenges:
Risks associated with medical aesthetics product and treatment
Restraints:
High costs associated with cosmetic therapy and surgery
Opportunities:
Rise in health care expenditure, Rising technological advancements and modernization in the machinery used for the treatment and Rising research and development activities in Healthcare
Market Leaders and their expansionary development strategies
In May 2021, Bella Aurora Labs, a pioneering company that for more than 130 years has specialised in the study of melanocytes, has launched of Repigment, its first ever line formulated to treat white patches on the skin. Repigment is the culmination of a more than four-year collaboration with Italian dermatologist and vitiligo specialist Dr Matteo Bordignon.
In July 2022, Incyte Corporation, a multinational pharmaceutical company, received approval from the United States Food and Drug Administration for Opzelura cream for treating non-segmental vitiligo in adult and pediatric patients 12 years of age and older.
As per National Clinical Trials (NCT) registry, as of June 18, 2020, Incyte Corporation is conducting a clinical trial for Ruxolitinib in the treatment of Vitiligo which is in phase II development in the United States.
Key Target Audience
Pharmaceutical Industry, Healthcare Industry, Research Institutes, Regulatory Bodies and Others
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.