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The key highlights of the report include:
Market Overview (2017-2027)
- Historical Market Size (2020): Approximately USD 19 Billion (Global Skin Diseases Treatment Market)
- Forecast CAGR (2022-2027): 3% (Global Skin Diseases Treatment Market)
The increasing prevalence of chronic skin illnesses around the world is driving the global market for chromhidrosis treatment. With the surging prevalence of diabetes and kidney issues causing abnormal body scents, the demand for chromhidrosis treatment is surging. The growing disposable incomes and the rising geriatric population are fuelling the growth of the market. The market is also being driven by the rising beauty consciousness and consequent anti-ageing treatments, which is increasing the employment of botulinum toxin type A. Over the forecast period, the growing availability and cost-effectiveness of chemicals like capsaicin is expected to complement the market expansion of chromhidrosis treatment.
Industry Definition and Major Segments
Chromhidrosis treatment encompasses the use of liposuction, topical capsaicin cream, Botox injections, and home remedies for the treatment of chromhidrosis. It reduces symptoms as well as psychosocial impacts related to the rare condition. Hospitals and dermatology clinics are some of the major end-users of chromhidrosis treatment.
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Based on type, the market can be segmented into:
- Apocrine Chromhidrosis
- Eccrine Chromhidrosis
The major treatment types of chromhidrosis treatment are:
- Home Remedies
By route of administration, the market is divided into:
Based on end use, the market can be divided into:
- Hospitals and Clinics
- Speciality and Dermatology Clinics
The major regional markets for chromhidrosis treatment are:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The rising popularity of botulinum toxin type A injections to remove undesirable face wrinkles is driving the market growth. Botulinum’s anti-ageing properties are also fuelling its utilisation in the skincare sector. Chemicals like capsaicin, which are readily available, are fuelling the market expansion. Moreover, the increasing medicinal regulatory approvals in the United States and Canada are expected to boost the market growth. The licensing of botox medicines for the treatment of spasticity in children aged two and up by various health authorities is anticipated to augment the market growth. Such industry advancements are expected to give enormous chances for the global chromhidrosis treatment market to grow in the future years.
Key Market Players
The major players in the market are Meditox Co., Ltd., Ipsen Group, and AbbVie Inc, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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