Global Hypopigmentation Disorders Treatment Market is anticipated to grow at a 5.6% CAGR from 2019 to 2030
Market Industry Reports (MIR) has published a new report titled “Hypopigmentation Disorders Treatment Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global hypopigmentation disorders treatment market is anticipated to witness a substantial CAGR of 5.6% in the forecast period.
Increasing awareness among patients, technological advancements in the sector of aesthetic treatment of pigmentation related conditions, and growing geriatric population have been pivotal in dictating the growth of the hypopigmentation disorders treatment market. Moreover, increasing incidences of disorders related to hypopigmentation, namely albinism, and vitiligo is anticipated to be the major driver of the global hypopigmentation disorders treatment market between 2019 and 2030.
Increasing Incidences of Vitiligo
According to the American Academy of Dermatology, vitiligo is considered to be among 24 skin diseases, which are widely prevalent among the population. Vitiligo is known to affect individuals from all ethnic background and genders equivalently. While, vitiligo can affect people from all ages, but the prevalence of the same is more prominent among individuals between the age 10 and 30 years. Moreover, in 2013, it was estimated that more than 150,000 Americans from all age groups underwent treatment for vitiligo. Rising incidences and prevalence of vitiligo is anticipated to further contribute to the growing demand of the global hypopigmentation disorders treatment market.
Increasing Adoption of Minimally-Invasive Procedures
Since the advent of minimally-invasive procedures, the adoption of such procedures have witnessed substantial growth in recent times. Shorter hospital admittance time, lesser procedure associated pain and fewer complications have been pivotal in contributing to the growing adoption of minimally-invasive procedures. According to the American Society of Plastic Surgeons (ASPS), the numbers of Americans opting for minimally-invasive cosmetic procedures have witnessed a growth of nearly 200% since 2000. In 2017, the total number of cosmetic procedures performed in U.S. was nearly 1.8 million. Growing preference for minimally-invasive cosmetic procedures in anticipated to further propel the growth of the hypopigmentation disorders treatment market.
Browse key industry insights spread across 150 pages with market data tables & figures & charts from the report, Hypopigmentation Disorders Treatment Market by Treatment Type (Topical Drugs, Chemical Peels, Laser Therapy, and Microdermabrasion), Disease Indication (Albinism, and Vitiligo), End User (Dermatology Centers, Aesthetic Clinics, and Hospitals) - Global Analysis & Forecast 2019-2030 in detail along with the table of contents: https://www.marketindustryreports.com/hypopigmentation-disorders-treatment-market/38
Complications and Risk Related Associated with Cosmetic Treatments to Restrain the Market
Various complications and risk related to cosmetic treatments have been major factors that have been affecting the growth of the hypopigmentation disorders treatment industry inversely. Several complications such as nerve damage, infections, seroma and pulmonary embolism are known to cause serious adverse and side effects as a result of different cosmetic or aesthetic treatments. Similarly, patients have reported granulomas, and infections as long-term adverse effects caused as a result of cosmetic treatments.
Rapid Growth of the Asia Pacific Market
Asia Pacific is estimated to witness the highest CAGR during the forecast period. Increasing population, continuously growing economy, increasing healthcare spending, rising medical tourism and increasing awareness regarding cosmetic treatment and growing adoption of latest technologies is anticipated to present a lucrative growth scenario for the hypopigmentation disorders treatment market in this region.
Major Players in the Hypopigmentation Disorders Treatment Market
The prominent players in the global hypopigmentation Disorders Treatment market are ALLERGAN, SkinCeuticals International, PIERRE FABRE GROUP, Episciences, Inc., RXi Pharmaceuticals, Obagi Cosmeceuticals LLC., and Alvogen among others
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