Hyperhidrosis Treatment Market outlook, Estimated to Grow with a Healthy CAGR During Forecast Period 2020-2027

[Priya Raut]

Overview:

The global hyperhidrosis treatment market outlook is on a path to exceed the expected valuation of USD 1925.9 million by 2025. Market Research Future (MRFR) mentioned that this growth would take place with a projected CAGR of 6.07% during the forecast period covering 2019 to 2025.

Several factors like rising in acceptance of the disease, better treatment facilities, participation from various government and private bodies, increasing inclusion of laser and electronic therapies, and others are expected to influence the growth of the hyperhidrosis treatment market.

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Segmentation:

The global market for hyperhidrosis treatment has been segmented in the report on the basis of type, treatment, and end user. This segmentation is expected to facilitate the better reading of various market dynamics and factors, and in the long run, it can help in devising better strategies.

By type, the global market for hyperhidrosis treatment can be segmented into primary and secondary generalized. Primary hyperhidrosis is a kind of disorder that causes abnormal sweating. The secondary generalized hyperhidrosis is mostly caused by other diseases.

By treatment, the global report covers the hyperhidrosis treatment market on the basis of a segmentation that includes botulinum toxin injections, topical treatment, surgical treatment, oral medication, microwave therapy, and others. The botulinum toxin injections are in high demand for the treatment. The treatment is a relatively new one and got FDA approval.

By end user, the global report on the hyperhidrosis treatment market includes dermatology clinics, payers/patients, ambulatory surgery clinics, and others. The dermatology clinic segment has the maximum market share. The ambulatory surgery clinics are the fastest-growing segment.

Regional Analysis:

The Americas has the lead in global hyperhidrosis treatment. This is primarily due to the presence of countries like the US and Canada. North American region would profit from the superior infrastructure of these two countries. This infrastructure is also getting backed by ample flow of investment. Research and development facilities are doing well in the region to come up with the latest technologies. Better investment capacity of the people in countries like the US and Canada.

Europe would also gain from similar trends as the region is benefiting from the contributions of countries like Italy, Spain, the UK, Germany, France, and others. This would also help in developing better speed for the market.

In the Asia Pacific region, developing countries, with their revamped healthcare structure, would also spur the growth of the market.

Competitive Landscape:

The global hyperhidrosis treatment market is getting ample traction from the tactical moves implemented by companies like Cynosure (US), Dermadry Laboratories Inc. (Canada), Allergan PLC (Ireland), Brickell Biotech Inc. (US), GlaxoSmithKline PLC (UK), Dermira Inc. (US), Sesderma (Spain), Ulthera Inc. (US), Miramar Labs, Inc. (US), and others. These tactical moves span across several types, including improved marketing strategies, branding, mergers, expansion plans, acquisitions, innovations, product launches, hike in investment for the research and development sector, and others. MRFR’s report included these latest moves to ensure thorough profiling of the top companies. This would facilitate a proper charting of the course ahead.

Industry News:

In March 2020, SkyMD announced that they are partnering with Dermadry, which is known for its excellent manufacturing facilities of the medical device. Dermadry is based out of Canada. The company also declared that Dermadry got clearance from the FDA regarding a new product for hyperhidrosis. This would ease their entry in the US market, owing to which their expansion plans would now get robust. The device is already in use in Canada.

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