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Vitiligo Treatment Market Size - By Type (Non-segmental Vitiligo, Segmental Vitiligo), By Treatment Type (Topical Treatment, Light Therapy, Surgical Procedures, Others), By End-User (Hospitals, Aesthetic Clinics), And By Region: Global Forecast By 2033

  • PUBLISHED ON
  • 2024-10-10
  • NO OF PAGES
  • 290
  • CATEGORY
  • Healthcare & Life Sciences

Market Overview

Vitiligo Treatment Market is projected to achieve a value of USD 1,593 Million in 2023, with a linear behavior in the market growth and is forecasted to achieve a value of USD 2,601 Million by 2033 with a CAGR of 6.50% during the forecast period 2023-2033.

Vitiligo is a disease that causes an extensive loss of pigmentation in the human skin. This is due to When pigment-producing cells die or not working properly or stop working, vitiligo develops. A few body parts that might suffer from loss of skin color like, mouth, hair, palms, neck, and eyes. It results from the lack of skin pigment called melanin. The melanin is a pigment which made by melanocytes, which are skin cells, imparts color to the skin.

Vitiligo Treatment is a rapidly growing market, because of now a day’s various treatment options are available to help manage the symptoms and improve the appearance of the affected areas to lighten the unaffected areas of the skin to match the depigmented patches. This growth is being driven by a number of factors, including the high prevalence of vitiligo in elder patients, the genetic and neurological factor, increasing disease awareness, and easy availability of medications.

However, there are some challenges that need to be addressed in order to make Vitiligo Treatment more accessible to a wider range of users. High cost of medication, poor development in healthcare infrastructure are some challenges in Vitiligo Treatment. Additionally, complication involve like psychological distress, sunburn, hair loss, eye problem will act as restrain to growth of the vitiligo treatment Market.

Market Scope

Report Attributes

Description

Market Size in 2022

USD 1,500 Million

Market Forecast in 2033

USD 2,601 Million

CAGR % 2023-2033

6.50%

Base Year

2022

Historic Data

2016-2022

Forecast Period

2023-2033

Report USP

Production, Consumption, company share, company heatmap, company production capacity, growth factors and more

Segments Covered

Type, Treatment Type, End-User

Growth Drivers

Ongoing research in dermatology and autoimmune diseases has led to a better understanding of the underlying mechanisms of vitiligo.

Growing cosmetic concerns among the people

The vitiligo treatment pipeline is promising, with several novel therapies and biologics in development

Regional Scope

North America, Europe, APAC, South America and Middle East and Africa

Country Scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria

Key Companies

Novartis AG,Allergan Inc., Clinuvel Pharmaceuticals Limited, Astellas Pharma Inc., Bausch Health Companies Inc., STRATA Skin Sciences, Reddy's Laboratories Ltd., Eli Lilly Company, Incyte Corporation.

 

Market Dynamics

The Vitiligo Treatment market is driven by increasing number prevalence of Vitiligo, increasing development in healthcare infrastructure, increasing investment in research and developments, positive results of clinical trials.

The increasing prevalence of vitiligo is estimated to increase the market's growth, by rate ranges between 0.2% and 4%. Vitiligo is a hypopigmentation skin condition in which the skin colour is lost due to a lack of melanin in the skin cells. It also affects hair and all portions of the body's skin and inside of the mouth. Vitiligo is neither life-threatening nor communicable its only related with the skin color.

The large patients pool infected by the Vitiligo. It shown that the need for advance and approved treatment option drive the growth of Vitiligo market. Currently there is no any treatment option for Vitiligo in developed or developing markets. For instance, according to the American Academy of Dermatology (AAD), an estimated 84.5 million, or one in four Americans, suffer from vitiligo.

Also, in the present vitiligo treatment options, there need to be more effective treatment options, which can offer to relapse of vitiligo in the patches of skin previously treated. Now a day there is a growing interest in natural drugs and products like, herbal drugs or products, vitamins and herbs extracts in the treatment of Vitiligo, which provides a boost for the overall vitiligo treatment market.

Overall, with the help of existing and combination treatment therapy the vitiligo drugs market is expected to witness significant growth in the coming years, driven by the introduction of new therapies and an increasing demand for effective treatments. Additionally, there is a need for advance and effective research and development to address the unmet needs of vitiligo treatment and to develop safe and effective therapies with lower side effects.

Market Type Analysis

By type, the Vitiligo Treatment market is Categories into Non-Segmental Vitiligo, Segmental Vitiligo. The Non-Segmental Vitiligo segment accounts for the largest share of around 57% of the market in 2022.

The segment dominated the market because rise in the patient diagnosed with non-segmental vitiligo. The segment is forecast is a growing segment because of the awareness about the symptoms and causes of vitiligo.

Market Treatment Type Analysis

By type, the Vitiligo Treatment market is Categories into Topical Treatment, Light Therapy, Surgical Procedures, Others. The Topical Treatment segment accounts for the largest share of around 43% of the market in 2022.

The Topical Treatment segment dominates the market because it is most widely use and preferred treatment option due to its easy availability. Additionally, by avoiding internal organ system such as GIT, liver, kidney. It also avoids the major side effect, bioavailability and other issues. Topical treatment is the fine choice treatment to treat Vitiligo.

Market End-user Analysis

By End-user, the Vitiligo Treatment market is Categories into Hospitals and Aesthetic Clinics. The Hospital segment accounts for the largest share of around 56% of the market in 2022. Rising investment in healthcare and increasing hospital facility in developed and developing country are major factor to drive the segment.

Moreover, Hospitals are the primary healthcare facility where patient come for treatment Vitiligo, especially when the condition is severe or widespread.

However, Aesthetic Clinics in developing countries are anticipated to drive the Vitiligo Treatment market. Patient in initial level or less awareness about vitiligo are drive this segment. It because clinics are the easy and convenient to reach. 

Market Regional Analysis

North America dominate the Vitiligo Treatment market with the highest revenue generating market with share of more than 43%. The North American dominate this market due to the easy availability of medications, increased awareness of disease and the rise in vitiligo in adults. Moreover, the increasing number of established health clubs and fitness facilities will boost the market growth in this Region.

Europe having the second-largest market share in Vitiligo Treatment market due to the rising acceptance of cutting-edge technology and increased advance surgical techniques by key market players. Moreover, the UK market was the fastest-growing market and the German market held the largest market share, in the European Region

Asia-Pacific is estimated the fastest growing CAGR in Vitiligo market in forecasted period. This is due to increasing in healthcare expenditure and the rise in research and development activities in the pharmaceutical sector.

Competitive Analysis

The Vitiligo Treatment market is dominated by a few large companies, such as Novartis AG,Allergan Inc., Clinuvel Pharmaceuticals Limited, Astellas Pharma Inc., Bausch Health Companies Inc., STRATA Skin Sciences, Reddy's Laboratories Ltd., Eli Lilly Company, Incyte Corporation.

There are some of the recent developments of the market:

April 2022 a Strategic Alliance Agreement for the development is announced by Incyte and Maruho Co., Ltd., manufacturing, and exclusive commercialization of ruxolitinib cream, a novel cream formulation of Incyte’s selective JAK2 inhibitor ruxolitinib, in Japan for the treatment of autoimmune and inflammatory dermatology indications.

March 2022 STRATA Skin Sciences, a medical technology company dedicated to developing, commercializing, and marketing innovative products for treating various autoimmune skin diseases, announced that it had joined the Vitiligo Foundation as a corporate sponsor (GVF).


By Type

·         Non-segmental Vitiligo

·         Segmental Vitilig

By Treatment Type

·         Topical Treatment,

·         Light Therapy,

·         Surgical Procedures,

·         Others

By End-user

·         Hospitals

·         Aesthetic Clinics

1.      Global Oncology Drugs Market Introduction and Market Overview

1.1.    Objectives of the Study

1.2.    Global Oncology Drugs Market Scope and Market Estimation

1.2.1. Global Oncology Drugs Overall Market Size, Revenue (US$ Mn), Market CAGR (%), Market forecast (2023 - 2033)

1.2.2. Global Oncology Drugs Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2033

1.3.    Market Segmentation

1.3.1. Component of Global Oncology Drugs Market

1.3.2. Technology of Global Oncology Drugs Market

1.3.3. End-user of Global Oncology Drugs Market

1.3.4. Region of Global Oncology Drugs Market

2.      Executive Summary

2.1.    Global Oncology Drugs Market Industry Trends under COVID-19 Outbreak

2.1.1. Global COVID-19 Status Overview

2.1.2. Influence of COVID-19 Outbreak on Global Oncology Drugs Market Industry Development

2.2.    Market Dynamics

2.2.1. Drivers

2.2.2. Limitations

2.2.3. Opportunities

2.2.4. Impact Analysis of Drivers and Restraints

2.3.    Pricing Trends Analysis & Average Selling Prices (ASPs)

2.4.    Key Mergers & Acquisitions, Expansions, JVs, Funding / VCs, etc.

2.5.    Porter’s Five Forces Analysis

2.5.1. Bargaining Power of Suppliers

2.5.2. Bargaining Power of Buyers

2.5.3. Threat of Substitutes

2.5.4. Threat of New Entrants

2.5.5. Competitive Rivalry

2.6.    Value Chain / Ecosystem Analysis

2.7.    Russia-Ukraine War Impacts Analysis

2.8.    Economic Downturn Analysis

2.9.      Market Investment Opportunity Analysis (Top Investment Pockets), By Segments & By Region

3.      Global Oncology Drugs Market Estimates & Historical Trend Analysis (2019 - 2022)

4.      Global Oncology Drugs Market Estimates & Forecast Trend Analysis, Drug Class Type

4.1.    Global Oncology Drugs Market Revenue (US$ Mn) Estimates and Forecasts, Drug Class Type, 2019 to 2033

4.1.1. Chemotherapy

4.1.2. Targeted Therapy

4.1.3. Immunotherapy (Biologic Therapy)

4.1.4. Hormonal Therapy

5.      Global Oncology Drugs Market Estimates & Forecast Trend Analysis, by Indication

5.1.    Global Oncology Drugs Market Revenue (US$ Mn) Estimates and Forecasts, by Indication, 2019 to 2033

5.1.1. Lung Cancer

5.1.2. Stomach Cancer

5.1.3. Colorectal Cancer

5.1.4. Breast Cancer

5.1.5. Prostate Cancer

5.1.6. Liver Cancer

5.1.7. Esophagus Cancer

5.1.8. Cervical Cancer

5.1.9. Kidney Cancer

5.1.10.   Bladder Cancer

5.1.11.   Other Cancers

6.      Global Oncology Drugs Market Estimates & Forecast Trend Analysis, by End-user

6.1.    Global Oncology Drugs Market Revenue (US$ Mn) Estimates and Forecasts, by End-user, 2019 to 2033

6.1.1. Hospital Pharmacies

6.1.2. Retail Pharmacies

6.1.3. Online Pharmacies

7.      Global Oncology Drugs Market Estimates & Forecast Trend Analysis, by Region

7.1.    Global Oncology Drugs Market Revenue (US$ Mn) Estimates and Forecasts, by Region, 2019 to 2033

7.1.1. North America

7.1.2. Europe

7.1.3. Asia Pacific

7.1.4. Middle East & Africa

7.1.5. South America

8.      North America Oncology Drugs Market: Estimates & Forecast Trend Analysis

8.1.    North America Oncology Drugs Market Assessments & Key Findings

8.1.1. North America Oncology Drugs Market Introduction

8.1.2. North America Oncology Drugs Market Size Estimates and Forecast (US$ Million) (2019 – 2033)

8.1.2.1.   Drug Class Type

8.1.2.2.   By Indication

8.1.2.3.   By End-user

8.1.2.4.   By Country

8.1.2.4.1.     The U.S.

8.1.2.4.2.     Canada

8.1.2.4.3.     Mexico

9.      Europe Oncology Drugs Market: Estimates & Forecast Trend Analysis

9.1.    Europe Oncology Drugs Market Assessments & Key Findings

9.1.1. Europe Oncology Drugs Market Introduction

9.1.2. Europe Oncology Drugs Market Size Estimates and Forecast (US$ Million) (2019 – 2033)

9.1.2.1.   Drug Class Type

9.1.2.2.   By Indication

9.1.2.3.   By End-user

9.1.2.4.        By Country

9.1.2.4.1.     Germany

9.1.2.4.2.     U.K.

9.1.2.4.3.     France

9.1.2.4.4.     Italy

9.1.2.4.5.     Spain

9.1.2.4.6.     Russia

9.1.2.4.7.     Rest of Europe

10.  Asia Pacific Oncology Drugs Market: Estimates & Forecast Trend Analysis

10.1.  Asia Pacific Market Assessments & Key Findings

10.1.1.   Asia Pacific Oncology Drugs Market Introduction

10.1.2.   Asia Pacific Oncology Drugs Market Size Estimates and Forecast (US$ Million) (2019 – 2033)

10.1.2.1.    Drug Class Type

10.1.2.2.    By Indication

10.1.2.3.    By End-user

10.1.2.4.    By Country

10.1.2.4.1. China

10.1.2.4.2. Japan

10.1.2.4.3. India

10.1.2.4.4. Australia

10.1.2.4.5. South Korea

10.1.2.4.6. ASEAN

10.1.2.4.7. Rest of Asia Pacific

11.  Middle East & Africa Oncology Drugs Market: Estimates & Forecast Trend Analysis

11.1.  Middle East & Africa Market Assessments & Key Findings

11.1.1.   Middle East & Africa Oncology Drugs Market Introduction

11.1.2.   Middle East & Africa Oncology Drugs Market Size Estimates and Forecast (US$ Million) (2019 – 2033)

11.1.2.1.    Drug Class Type

11.1.2.2.    By Indication

11.1.2.3.    By End-user

11.1.2.4.    By Country

11.1.2.4.1. U.A.E.

11.1.2.4.2. Saudi Arabia

11.1.2.4.3. Egypt

11.1.2.4.4. South Africa

11.1.2.4.5. Rest of Middle East & Africa

12.  South America Oncology Drugs Market: Estimates & Forecast Trend Analysis

12.1.  South America Market Assessments & Key Findings

12.1.1.   South America Oncology Drugs Market Introduction

12.1.2.   South America Oncology Drugs Market Size Estimates and Forecast (US$ Million) (2019 – 2033)

12.1.2.1.    Drug Class Type

12.1.2.2.    By Indication

12.1.2.3.    By End-user

12.1.2.4.    By Country

12.1.2.4.1. Brazil

12.1.2.4.2. Argentina

12.1.2.4.3. Colombia

12.1.2.4.4. Rest of South America

13.  Competition Landscape

13.1.  Global Oncology Drugs Market Competition Matrix & Benchmarking, by Leading Players / Innovators / Emerging Players / New Entrants

13.2.  Global Oncology Drugs Market Competition White Space Analysis, By End-user

13.3.  Global Oncology Drugs Market Competition Heat Map Analysis, By End-user

13.4.  Global Oncology Drugs Market Concentration & Company Market Shares (%) Analysis, 2022

14.  Company Profiles

14.1.                     Merck & co., inc.

14.1.1.   Company Overview & Key Stats

14.1.2.   Financial Performance & KPIs

14.1.3.   Product Portfolio

14.1.4.   Business Strategy & Recent Developments

* Similar details would be provided for all the players mentioned below 

15.  Novartis International Ag

16.  Amgen, Inc.

17.  Bristol-Myers Squibb Company

18.  Astrazeneca Plc

19.  F. Hoffmann-La Roche Ag

20.  Pfizer, Inc.

21.  Astellas Pharma Inc.

22.  Johnson & Johnson, Abbvie Inc.

23.  Research Methodology

23.1.  External Transportations / Databases

23.2.  Internal Proprietary Database

23.3.  Primary Research

23.4.  Secondary Research

23.5.  Assumptions

23.6.  Limitations

23.7.  Report FAQs

24.  Research Findings & Conclusion

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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.

Frequently Asked Questions

What is the market size of Vitiligo Treatment market in 2022?

Vitiligo Treatment market was valued at USD 1,500 million in 2022 and is estimated to grow at a CAGR of 6.50%.

Which are the top companies operating within the market?

Novartis AG,Allergan Inc., Clinuvel Pharmaceuticals Limited, Astellas Pharma Inc., Bausch Health Companies Inc., STRATA Skin Sciences, Reddy's Laboratories Ltd., Eli Lilly Company, Incyte Corporation.

Which region dominates the Vitiligo Treatment market?

North America dominates the market with an active share of 43%, while North America is estimated to grow at a higher CAGR of 11%.

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