Home > Healthcare > Pharmaceuticals > Finished Drug Form > Hypopigmentation Disorder Treatment Market

Hypopigmentation Disorder Treatment Market Size

  • Report ID: GMI8575
  • Published Date: Mar 2024
  • Report Format: PDF

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.
 

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Hypopigmentation disorder treatment market size was USD 3.1 billion in 2023 and is expected to register 6.1% CAGR from 2024-2032 owing to the increasing prevalence of pigmentation disorders such as vitiligo and albinism, along with rising awareness among the population worldwide.

The albinism segment and is expected to register 5.9% CAGR from 2024-2032 due to pharmaceutical companies and research institutions actively engaging in developing novel therapeutics targeting melanin production.

North America hypopigmentation disorder treatment industry held 43.2% share in 2023 and is expected to register a commendable CAGR from 2024-2032 due to advanced healthcare infrastructure, high healthcare expenditure, and increase in the skin procedures in the region.

AbbVie Inc., Aclaris Therapeutics, Inc., Bayer AG, Candela Corporation, Galderma, Incyte, Novartis AG, Pfizer Inc., Pierre Fabre group, Shiseido Company Limited, and UNIZA Group, are some of the major hypopigmentation disorder treatment companies worldwide.

Hypopigmentation Disorder Treatment Market Scope

Buy Now


Premium Report Details

  • Base Year: 2023
  • Companies covered: 11
  • Tables & Figures: 266
  • Countries covered: 19
  • Pages: 150
 Download Free Sample