The new report by Expert Market Research titled, ‘Global Pigmentation Disorders Treatment Market Report and Forecast 2021-2026’, gives an in-depth analysis of the Global Pigmentation Disorders Treatment Market, assessing the market based on its segments like product, application, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2016-2026)
Historical Market Size (2020): USD 6.54 billion
Forecast CAGR (2021-2026): 7.40%
Forecast Market Size (2026): USD 10.04 billion
The key driver of the pigmentation disorder manufacturing industry is expected to be an increased market for skin-lighting. Growing prevalence of skin diseases, increasing smoking, global warming and an increase in disposable income are some of the reasons driving the treatment demand for pigmentation disorders. In addition, the market in the forecast period is projected to further increase due to the advancement in tissue engineering coupled with the launch of new technology and skin care products.
Industry Definition and Major Segments
Pigmentation disorders have a wide variety of various conditions according to the nature of the study, which typically are characterized by a difference in melanocyte mass, in melanin concentration or both. Some of these disorders are very common, whereas others are rare. Hypopigmentation and hyperpigmentation are known as pigmentation abnormalities. The pigment is diminished during hypopigmentation, while the pigment is totally lost when there is depigmentation. The demand for treatment of pigmentation disorders is categorized by disease indication, treatment type, distribution channel and region.
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On the basis of Disease Indication, the market can be classified as:
Melasma
Vitiligo
Albinism
Post-Inflammatory Hyperpigmentation
On the basis of treatment type, the industry is divided into:
Pharmacological Treatment
Cosmetic Treatment
On the basis of Distribution Channel, the market can be classified as:
Dermatology Clinics
Aesthetic Clinics
Drugstores and Cosmetic Stores
E-Commerce
Others
On the basis of regional markets, the industry is divided into:
1 North America
1.1 United States of America
1.2 Canada
2 Europe
2.1 Germany
2.2 United Kingdom
2.3 France
2.4 Italy
2.5 Others
3 Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 ASEAN
3.5 Others
4 Latin America
4.1 Brazil
4.2 Argentina
4.3 Mexico
4.4 Others
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.3 Nigeria
5.4 South Africa
5.5 Others
Market Trends
Topical treatment currently leads the global market as research findings in patients with pigmentation defects are improving. Azelaic acid, hydroquinone, L-ascorbic acid etc. are the most popular topical medications prescribed worldwide.
In recent decades, chemical peels have been influential in treating facial hyperpigmentation. Chemical peeling is used to exfoliate toxic cells of the dead skin, to promote the creation of new cells of the skin and to release cytokines and the inflammatory mediators, resulting in epidermis thickening, collagen accumulation, structural elements re-organization, and an increase in dermal thickness.
This method eliminates solar elastose, removes and refocuses the new dermal connective tissues, which results in an improved skin clinical tone, less rhythms, decreased pigment dyschromy and a younger look.
Thus, the segment is projected to increase over the forecast period due to above listed factors.
Key Market Players
The major players in the market are Pierre Fabre Laboratories, SkinCeuticals International, Obagi Medical Products Inc. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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