Hyperpigmentation among people is ever-thriving the hyper–flourishing dermatology market
With a surge in pandemic, all the medical staff and all the medical resources were put into the management of the pandemic. In such a situation the medical cosmetic sector was sidelined among all for a valid reason. But, back into the normal world now the hyperpigmentation treatments are again becoming a thing and the market is rapidly progressing into the future.
Topical Drug being the most lucrative segment
The types of treatments available for hyperpigmentation disease in the market are in great variety like topical drugs, chemical peel, laser therapy, etc. But many of the methods have a high risk of side effects and require a great amount of care after the pigmentation treatment. Such treatments are also very expensive and yet very temporary. So, topical drugs are the most feasible method chosen by most people
The dermatology segment is likely to grow at a faster pace
Such treatments can have several side effects if performed by an inexperienced individual. So, only licensed dermatologists are allowed to perform the procedure on the patients. Certain methods are either in form of pills or drugs to treat pigmentation, in such a case only licensed pharmacist are allowed to sell such medication. Sourcing medication or getting a treatment done from an unethical or illegal source can be hazardous for the patient.
The APAC region is accounted for the highest market share
The Asia Pacific as a region Topps all charts when it comes to hyperpigmentation treatment. Specifically, the region of Southeast Asia has the culture of spotless and mirror-like skin North America also offers various cosmetic treatments in its healthcare facility one of them being pigmentation treatment.
The hyperpigmentation market is an ally of the ever thriving dermatology market
Hyperpigmentation is a disease in which certain areas of skin turn darker when compared to the other parts. This pigmentation is due to melasma, solar lentigines or post inflammatory diseases. Hyperpigmentation is as such not dangerous for the skin but nowadays since the solution exists generally people prefer to get it removed. The worth of the hyperpigmentation treatment by 2029 would be around 9 billion USD with a CAGR of 6.8?
The various methods of getting the pigmentation off the skin are becoming lucrative in the eyes of the guardians of skin. Hyperpigmentation is gaining a lot of popularity among skin enthusiasts. The ever growing standards of beauty are a strong reason why dermatology as a field is excelling and is not here to stop.
The availability of methods in the market like laser removal and the chemical peel has risks of certain after-treatment side effects. Such methods create a certain picture of hyperpigmentation treatment in the head of the patient. Though these are some of the most used treatments they aren’t the only alternative and the lack of awareness regarding them is exactly what pertaining patients from getting the treatment done is
The way of households work now is so different from how the typical ones to be. Nowadays, it us very common to have dual-income households. Such, a practice of dual income has increased the standard of living for people. Even though getting lip fillers, plastic surgeries, and pigmentation treatments aren’t necessary but the standard of living and the standards of society make people do that to fit in. Such a trend in society has made pigmentation treatments a trend.
There is a faction of consumers who believe in a sustainable approach to life. They seem to demand everything organic and seem to be very influential about it. Such a fishy situation could be a vulnerable point for the market. These consumers mobilize homemade remedies and Ayurveda to be the ultimate solution for any problem.
The key market players are the known companies who play an integral role in setting the market trends. The key players are Dermamed Solutions, Obagi Cosmeceuticals LLC, AbbVie Inc (Allergan, Inc), and L'Oréal SA, and Merz GmbH & Co. KGaA.
Latest innovation in the Global Hyperpigmentation Treatment Market: a Snapshot
- In July 2019, a company named dermatix launched a post- acne pigmentation clearance cream consisting of hyaluronic acid
- In October 2021, a treatment was released by a key player Uniza healthcare called as vitellus.
Hyperpigmentation Treatment Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 9 billion.|
|Growth Rate||CAGR of 6.8 % during 2021-2028|
|Segment Covered||Type, End Use, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Central & South America, Middle East and Africa|
|Key Players Profiled||Dermamed Solutions, Obagi Cosmeceuticals LLC, AbbVie Inc (Allergan, Inc), and L'Oréal SA, and Merz GmbH, Co. KGaA|
Key Segments in the Global Hyperpigmentation Treatment Market
Type Overview, 2022-2029 (USD Billion)
- Topical drug
- Chemical peel
- Laser therapy
End Use Overview, 2022-2029 (USD Billion)
- Medical Centers
- Healthcare service providers
- Dermatology clinics
Regional Overview, 2022-2029 (USD Billion)
- The U.S.
- The U.K.
- South Korea
Central & South America
Middle East & Africa