Market Research Future (MRFR) speculates that the global hidradenitis suppurativa market is predicted to garner USD 763.6 million, grabbing a CAGR of 4.2% during the forecast period (2017-2023). Increasing incidences of skin diseases are likely to favor the market growth to a great extent. Also known as acne inversa, hidradenitis suppurativa is referred to as a rare, inflammatory skin condition that generates as small and painful pimples on the skin. It generally occurs between 20 to 40 years of age and is three times common among the women population than in the male population. It is a dermatological disease affecting the areas of apocrine sweat glands like the area under the breast, buttocks, inner the thighs, and under the arms. Early symptoms involve local hidradenitis and erythema, which become painful in the later stages.
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Hidradenitis Suppurativa Market - Segmentations
MRFR has segmented its analysis into four key dynamics for enhanced
understanding.
By Skin Conditions: Pimples, Folliculitis (Bacterial Folliculitis, Hot Tub Folliculitis (Pseudomonas Folliculitis), Barber's Itch (Pseudofolliculitis Barbae), Pityrosporum Folliculitis, and others), Deep-Acne (Cysts and Blackheads), and Boils (Furuncle Or Carbuncle, Cystic Acne, Pilondial Cyst, and others.), among others.
By Treatments: Medications (Antibiotics, Antiandrogens, Immunosuppressive Drugs, Hormones, Pain Medication, Zinc Supplements, Sulphones, Retinoids, and others.), Surgery (Punch debridement, Incision and drainage, surgical removal, issue-sparing excision with electro-surgery, and others.), Laser Treatment, and Photodynamic Therapy (PDT), among others.
By End-users: Hospitals, Dermatology Clinics, Medical Research Centers, and Academic Institutes, among others.
By Regions: Europe, North America, APAC, and the Rest–of–the–World.
Regional Analysis
North America has the largest market share in the global Hidradenitis Suppurativa market and is expected to generate substantial revenue over the projected period. A well-developed healthcare industry, as well as a large patient population suffering from various skin diseases and associated medical complications, are driving market growth. Aside from that, changing lifestyles and rising cosmetics spending are some of the factors driving the market forward. The increased adoption of new technologies, especially in the United States, is a key driving force that is acting as a tailwind for market growth.
Hidradenitis Suppurativa is projected to rise at a high CAGR in Europe, which is expected to be the second-largest market. The region's resurgent economy is undeniably a driving force behind the regional market's expansion. Additionally, the availability of research funds, a large patient population, and a growing teen population in the area are all main factors driving market growth in the region. West European countries such as France, Germany, and the United Kingdom are major contributors to the regional economy, with large market shares.
The Asia Pacific market for Hidradenitis Suppurativa is expected to expand rapidly over the forecast period, making it a promising market. Markets in India and China are leading the regional market, owing to their large populations and the availability of low-cost drugs for care. Furthermore, factors such as the rising prevalence of Hidradenitis Suppurativa and the rapidly expanding healthcare sector are propelling demand growth in the area. Simultaneously, over the assessment period, the vast unmet needs are expected to provide impetus to market development.
The MEA market for Hidradenitis Suppurativa is expected to grow slowly during the review period due to the existence of underdeveloped economies, a lack of healthcare services, and stringent government policies, especially in the African area. The GCC countries (Middle Eastern) such as the UAE, Saudi Arabia, and Kuwait, on the other hand, would drive market growth with their well-developed healthcare sectors and massive healthcare spending.
Industry Updates
February 06, 2019: A biopharmaceutical company which develops innovative therapeutics in order to treat inflammatory diseases, InflaRx N.V. has recently announced that new clinical data with IFX-1 in patients suffering from moderate to severe Hidradenitis Suppurativa are likely to be presented at the 8th Conference of the European Hidradenitis Suppurativa Foundation.
Competitive Dashboard
The prominent players operating the global hidradenitis suppurativa market are AbbVie Inc. (US), Johnson & Johnson Services Inc. (US), GlaxoSmithKline plc. (UK), Pfizer Inc. (US), Allergan (Republic of Ireland), Merck & Co. Inc. (US), AstraZeneca (UK), and others.
1. Report Prologue
2. Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
2.3 Market Structure
2.4. Market Segmentation
3. Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Mega Trends
4.5 Macroeconomic Indicators
5. Market Factor analysis
5.1 Value Chain Analysis
5.2 Porters Five Forces
5.3 Demand & Supply: Gap Analysis
5.4 Pricing Analysis
5.5 Investment Opportunity Analysis
5.6 Merger and Acquisition Landscape
5.7 Upcoming trends
5.7.1 Market trends
5.7.2 Technological trends
5.7.3 Insurance & Regulations
5.7.4 Others
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