USD 575.3 million
Report ID:
SQSG35J2014 |
Region:
Global |
Published Date: July, 2001
Pages:
157
|Tables:
93
|Figures:
76
Global Hyperhidrosis Treatment Market size was valued at USD 575.3 million in 2019 and is poised to grow from USD 605.1 million in 2023 to USD 950.7 million by 2031, growing at a CAGR of 5.1% in the forecast period (2024-2031).
For treating hyperhidrosis, antiperspirants and topical treatments are the first line of defense. Hyperhidrosis, however, still has no known permanent treatment. There has been a lot of activity in recent years regarding technological and product developments. Companies have been encouraged to invest in this industry by the patients' preference for novel approaches and the growing understanding of the treatment choices.
The prevalence of secondary hyperhidrosis disorders is on the rise, and market participants are increasing their spending in R&D, which are the main drivers of market growth for hyperhidrosis treatments. According to a study by Jared Brackenrich that was published in the National Library of Medicine in October 2021, this disorder is thought to be relatively common in the United States, with an estimated 3% prevalence. Hyperhidrosis can impede social, psychological, emotional, and vocational functioning. Therefore, it is projected that the growing prevalence of hyperhidrosis will increase demand for therapy and consequently accelerate market expansion.
Another aspect that may have an impact on market expansion is the promising therapy pipeline for hyperhidrosis, as well as the presence of advantageous reimbursement policies, rising rates of anxiety and depression, and increased public awareness of hyperhidrosis. As an example, Brickell Biotech Inc. released encouraging topline findings from the Phase 3 pivotal Cardigan I and Cardigan II studies in October 2021. These studies assessed the effectiveness of 15% sofpironium bromide gel as a once-daily topical formulation in people with primary axillary hyperhidrosis.
US Hyperhidrosis Treatment Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 575.3 million
Largest Segment
Primary Focal
Fastest Growth
Primary Focal
Growth Rate
5.1% CAGR
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Hyperhidrosis Treatment Market is segmented based on type of treatment, type of hyperhidrosis, end user, and region. Based on treatment, the Hyperhidrosis Treatment Market is divided into botulinum toxic A, lontophoresis, surgical treatment, tropical treatment, non-surgical microwave energy destruction of sweat glands, and others. Based on hyperhidrosis type, Hyperhidrosis Treatment Market is divided into primary focal and secondary generalized. Based on end user, Hyperhidrosis Treatment Market is divided into hospitals, ambulatory, surgical centers, and others (dermatology clinics & cosmetic centers). Based on region, Hyperhidrosis Treatment Market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
Hyperhidrosis Treatment Market Analysis by Type of Treatment
The botulinum toxin A is anticipated to command the largest share in the global market. The US Food and Drug Administration (FDA) approved BOTOX (onabotulinumtoxinA) in 2004 for the treatment of severe primary axillary hyperhidrosis (excessive sweating of the underarms). The sole license to register, sell, and commercialize a botulinum toxin in the US and Canada was obtained by Aquavit Holdings LLC, it was revealed in April 2021. The second largest market share is captured by surgical treatment. The lasers treatment is widely used surgical procedure for treatment.
Hyperhidrosis Treatment Market Analysis by Hyperhidrosis Type
Based on hyperhidrosis type, the secondary generalized segment is anticipated to register the highest growth during the forecast period. It is caused by any medical condition or due to side-effect of any medication. Growing prevalence of depression and anxiety globally is one of the key attributing factor for the growth of the segment.
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North America is anticipated to dominate the global hyperhidrosis treatment market. Due to the high prevalence of various illnesses and existence of major market participants in the nation, the United States retains a sizable portion of the market. About 3% of Americans suffer from hyperhidrosis, which most frequently affects people between the ages of 20 and 60. Additionally, the growth of this market in the United States is anticipated to be fueled by rising research and development activities for hyperhidrosis treatment products in the country. This will result in higher acceptance of these products.
The second-largest market for treating hyperhidrosis is in Europe. Some of the elements influencing the expansion in the area are the increased government support for research & development, the rising number of players interested in the creation of innovative therapeutic techniques, and the rising awareness of the illness.
The hyperhidrosis treatment market is expected to develop at the quickest rate in Asia Pacific. The prevalence of illness has been rising in this region. The hyperhidrosis treatment market has expanded significantly due in large part to rising awareness of this illness.
Middle East and Africa has the smallest market because of poor healthcare infrastructure, little disease awareness, and low per capita disposable incomes in developing region.
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Hyperhidrosis Treatment Market Driver
The latest R&D activities associated with the market are gaining attraction globally. For instance,Brickell Biotech Inc. reported positive topline results from the Phase 3 pivotal Cardigan I and Cardigan II studies that evaluated sofpironium bromide gel, 15% as a once-daily topical formulation in patients having primary axillary hyperhidrosis. This boosts the market growth.
Hyperhidrosis Treatment Market Restraints
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There are a significant number of participants in the hyperhidrosis treatment market, which is moderately consolidated. Currently, a small subset of the key firms control the majority of the market share. Business organisations are concentrating on organic growth techniques such product launches, product approvals, and others like patents and events. Acquisitions and partnerships & collaborations were two inorganic growth tactics that were observed in the market. The expansion of the companies' operations and clientele of market participants has been made possible by these initiatives. The growing demand for hyperhidrosis treatments in the global market is predicted to provide the market participants in the hyperhidrosis treatment sector with attractive growth prospects in the future. In addition, some major corporations are actively acquiring other businesses to strengthen their market positions globally (Sientra acquired Miramar).
Top Players in the Global Hyperhidrosis Treatment Market
Hyperhidrosis Treatment Market Recent Developments
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According to our analysis, hyperhidrosis treatment market is going to boom in the upcoming years because of increasing awareness and acceptance of hyperhidrosis treatment due to launch of new products and novel treatment options. The botulinum toxin A segment will be dominating the market during the forecast period as it is a safe and effective treatment for focal hyperhidrosis and it last longer than topical treatment and also does not require invasive surgical procedure.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 575.3 million |
Market size value in 2031 | USD 950.7 million |
Growth Rate | 5.1% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Million |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
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Historical Year | 2019 |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Hyperhidrosis Treatment Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Hyperhidrosis Treatment Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Hyperhidrosis Treatment Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Hyperhidrosis Treatment Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Hyperhidrosis Treatment Market size was valued at USD 575.3 million in 2019 and is poised to grow from USD 605.1 million in 2023 to USD 950.7 million by 2031, growing at a CAGR of 5.1% in the forecast period (2024-2031).
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Report ID: SQSG35J2014
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