Hypopigmentation Disorder Treatment Market – By Treatment Type (Drugs {Corticosteroids, Melanocyte-Stimulating Hormone}, Procedures {Laser treatment, Phototherapy}), Disease Indication (Vitiligo, Albinism), Global Forecast 2024 – 2032
Report ID: GMI8575
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Published Date: March 2024
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Report Format: PDF
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Premium Report Details
Base Year: 2023
Companies covered: 11
Tables & Figures: 266
Countries covered: 19
Pages: 150
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Hypopigmentation Disorder Treatment Market Size
Hypopigmentation Disorder Treatment Market size was valued at USD 3.1 billion in 2023 and is expected to grow at a CAGR of 6.1% between 2024 and 2032. The increasing prevalence of pigmentation disorders such as vitiligo and albinism, along with rising awareness among the population, is impelling the market growth.
For instance, according to a research study published by National Library of Medicine in 2021, vitiligo prevalence among adults in the U.S. is estimated to be around 1.38%, with 0.77% being diagnosed and 0.61% undiagnosed. This skin condition affects individuals regardless of age, with a significant impact on patients and often associated with other autoimmune comorbid conditions. Thus, the high prevalence of hypopigmentation disorders is anticipated to generate opportunities for market expansion globally.
Hypopigmentation disorders refer to conditions where there is a loss or reduction of pigment in the skin, resulting in lighter patches compared to the surrounding skin. These disorders are caused by various factors, including genetic predisposition, autoimmune reactions, environmental factors, or trauma. Few of the common hypopigmentation disorders include vitiligo, albinism, and post-inflammatory hypopigmentation.
Hypopigmentation Disorder Treatment Market Trends
Hypopigmentation Disorder Treatment Market Analysis
Based on the treatment type, the market is classified into drugs and procedures. The drugs segment dominated the market with revenue of USD 1.8 billion in 2023.
Based on disease indication, the hypopigmentation disorder treatment market is classified into vitiligo, albinism, and other disease indications. The albinism segment is expected to exhibit CAGR of 5.9% between 2024 – 2032 period.
In 2023, North America region held a market share of 43.2% in the global hypopigmentation disorder treatment market and is expected to dominate throughout the forecast period.
Hypopigmentation Disorder Treatment Market Share
The competitive landscape of the market is characterized by the presence of established pharmaceutical companies vying for market share. Key players are engaging in strategic initiatives such as mergers, acquisitions, and partnerships to strengthen their business portfolios. Also, the companies are actively adopting a multi-pronged approaches to address the rising demand for effective hypopigmentation disorder treatment.
Hypopigmentation Disorder Treatment Market Companies
Prominent players operating in the hypopigmentation disorder treatment industry are as mentioned below:
Hypopigmentation Disorder Treatment Industry News
The hypopigmentation disorder treatment market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 – 2032 for the following segments:
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Market, By Treatment Type
Market, By Disease Indication
The above information is provided for the following regions and countries: