Rising incidences of hyperhidrosis, initiatives by non-profit organizations for awareness and treatments, increasing treatment alternatives, and rise in expenditure on research and development by leading players of the industry are key factors contributing to high CAGR of hyperhidrosis treatment market during the forecast period.
the global hyperhidrosis treatment market was valued at USD 1.17 billion in 2018 and is expected to reach USD 1.87 billion by the year 2026, at a CAGR of 6.0%. Hyperhidrosis is a severe disorder in which the patient faces excessive sweating issues which are independent of environmental conditions and thermoregulatory needs. There are two basic types of medical condition in this illness- primary focal and secondary generalized hyperhidrosis. Diaphoresis, which is a severe form of extreme, abnormal sweating is also known as secondary hyperhidrosis. The increasing awareness about the various types of treatment alternatives available to permanently cure in case of severe perspiration and to improve the quality of life in case of minor perspiration, is expected to bring traction to the hyperhidrosis treatment industry. Also there are updated reimbursement implications for hyperhidrosis expenditure in multiple regions. For instance, in U.S. recently in 2019, a reimbursement scheme code was released for operating procedures and medications, ICD-10-CM is the diagnosis code.
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The report initially offers market introduction, market overview, product scope, market opportunities, growth prospects, risks, limitations, and key drivers. The report also covers a comprehensive analysis of the competitive landscape with extensive profiling of the key competitors. It covers recent technological advancements, product developments, product launches, mergers and acquisitions, collaborations, joint ventures, and partnerships.
Key Companies in the market include:
Allergan (Ireland), Brickell Biotech, Inc. (U.S.), Dermira, Inc. (U.S.), GlaxoSmithKline plc (U.K.), Revance Therapeutics, Inc. (U.S.), Ulthera, Inc. (U.S.), Dr. August Wolff GmbH (Germany), TheraVida, and Sientra Inc. (U.S.).
Regional segmentation comprises of a current and forecast estimation of the market in the key geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East Africa. The report also covers the scope of individual applications and types in each region. The report also covers details about production and consumption patterns, technological developments, revenue growth, market size, market share, key trends and demands influencing market growth in the region, and robust presence of key players in the region.
Market segment analysis:
Treatment Outlook (Revenue, USD Million; 2016-2026)
- Prescription strength antiperspirants
- Over-the-counter antiperspirants
- Botox (botulinum toxin) – A
- Surgical Treatments
- Invasive Treatments
- Non-invasive Treatments
- Laser Treatments
- Microwave Energy Destruction of Sweat Glands
Distribution Channel Outlook (Revenue, USD Million; 2016-2026)
- Hospital Pharmacy
- Retail Pharmacy
- Online Prescription Stores
Regional analysis further covers a country-wise analysis to offer insights into key trends and demands in each major country that might affect the growth of the market in the region.
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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Key Features of the Global Hyperhidrosis Treatment Market Report:
- Comprehensive analysis of the key players operating in the market along with their SWOT analysis, their business profiles, business overview, market share, global position, and market value
- Identification and analysis of significant trends and factors driving revenue growth of the market
- Analysis of the competitive landscape along with strategic mergers, expansions, agreements, partnerships, joint ventures, acquisitions, and product launches
- Assessment of each market segment along with their growth trends and market revenue contribution
- Study of the key regions to pinpoint growth potential and study opportunities, threats, limitations, and risks
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