PUBLISHER: Market Research Future | PRODUCT CODE: 1565605
PUBLISHER: Market Research Future | PRODUCT CODE: 1565605
Global Vitiligo Treatment Market Research Report Information by Type (Segmental Vitiligo, Non-Segmental Vitiligo), By Treatment (Therapy, Surgery, Medication), By End-User (Hospitals, Ambulatory Clinics, Others), and Region (North America, Europe, Asia-Pacific, and Rest of the World)-Forecast till 2030
The Vitiligo Treatment Market industry is anticipated to experience a compound annual growth rate (CAGR) of 6.20% during the forecast period. The market is experiencing growth due to the increasing prevalence of vitligo, the increasing significance of aesthetic appeal and awareness, and the advancements in treatment options.
As a result of the increasing per capita income, the adoption of digital platforms, and the increasing awareness of various aesthetic treatments, there has been a substantial increase in beauty consciousness among consumers in recent years. Between 2015 and 2019, the International Society of Aesthetic Plastic Surgery (ISAPS) reported a 27.3% increase in the global total of non-surgical procedures. Furthermore, the American Society of Plastic Surgeons (ASPS) reported that the number of minimally invasive aesthetic procedures increased by approximately 200% from 2000 to 2017. Additionally, in 2018, approximately 15.9 million minimally invasive cosmetic procedures were conducted, representing a 2% increase from 2017.
Market Segment Insights
Segmental Vitiligo and Non-Segmental Vitiligo comprise the Vitiligo Treatment Market segmentation by Type.
A treatment that encompasses therapy, surgery, and medication is the basis for market segmentation.
The end-user segmentation of the market is based on Hospitals, Ambulatory Clinics, and Others.
Regional Perspectives
The market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World by region. In 2023, the North American Vitiligo Treatment Market held the greatest market share. As a result of the growing awareness of skin disorders and the development of a more sophisticated healthcare infrastructure. Innovative treatments, such as advanced phototherapy, biologics, and topical medications, have been introduced as a result of the region's strong emphasis on research and development.
The market share of the European Vitiligo Treatment Market is anticipated to be the second largest, as a result of the trend toward the integration of Vitiligo Treatment and the favorable health policies. Additionally, the France Vitiligo Treatment Market is anticipated to be the fastest-growing market in the European region, while the German Vitiligo Treatment Market was attributed to holding the largest market share.
From 2024 to 2032, the Asia-Pacific Vitiligo Treatment market is anticipated to experience the most rapid growth. This is the result of improved access to advanced therapies, which is facilitated by rising healthcare expenditures and the improvement of healthcare infrastructure. Additionally, the increasing prevalence of vitiligo and the increasing demand for cosmetic and dermatological remedies are substantial market drivers.
The Middle East, Africa, and Latin America comprise the Rest of the World. The primary factors that are influencing the expansion of Vitiligo Treatment in the Middle East and Africa. The Middle East and Africa region has encountered Increased global awareness and destigmatization of vitiligo are resulting in a higher demand for effective treatments and an increase in the number of diagnoses.
Incyte (US), Bausch Health Companies Inc (Canada), Koninklijke Philips N.V. (Netherlands), Reddy's Laboratories Ltd (India), Strata Skin Sciences (US), Clinuvel Pharmaceuticals Ltd (Australia), ISSAR Pharmaceuticals Pvt. Ltd (India), Kernel Medical Equipment CO., LTD (China), LightSources (US), and Roivant Sciences Ltd. (Switzerland) are among the key companies in the Vitiligo Treatment Market.