PUBLISHER: Allied Market Research | PRODUCT CODE: 1193200
PUBLISHER: Allied Market Research | PRODUCT CODE: 1193200
The global hyperhidrosis treatment market was valued at $575.3 million in 2021, and is estimated to reach $ 950.7 million by 2031, growing at a CAGR of 5.1% from 2022 to 2031.
A person with hyperhidrosis experiences excessive and unpredictable sweating. When cool or when they are at rest, people with hyperhidrosis may nevertheless perspire. A person's body's sweat glands overreact in hyperhidrosis. Excessive sweating can occasionally be brought on by a health issue or emotion (such as anxiety). Controlling the symptoms of hyperhidrosis can be a constant struggle for many people. Hyperhidrosis patients seem to have excessively active sweat glands. Uncontrollable sweating can cause severe physical and emotional distress. The cause of hyperhidrosis is unidentified and it is generally believed to be the result of a disturbance with the portion of the nervous system that regulates sweating. The impact of hyperhidrosis symptoms on life can vary greatly in terms of their severity.
The major factors that drive the growth of the hyperhidrosis treatment market are rise in incidence of hyperhidrosis and surge in product launch & product approval are the factors attributed to the growth of the hyperhidrosis treatment market. In addition, upsurge in utilization of topical treatments is a key trend of the market, which is expected to fuel the market growth during the forecast period.Significant surge in the incidence of hyperhidrosis is one leading factor for the growth of the market. Estimates suggest between 2% and 5% of people in the U.S. have hyperhidrosis Thus, such high number of cases are expected to boost the hyperhidrosis treatment procedures.
In addition, rise in product launch drives the market growth, for instance, in June 2022, Dr August Wolff GmbH & Co. Kg Drugs presented the new drug Axhidrox. It is topical treatment for severe primary axillary hyperhidrosis in adults. However, lack of awareness about treatment scenario is expected to hinder the growth of the market. Conversely, increasing consumer demands in developing countries is expected to provide a great opportunity for the investors to invest in the market.
The hyperhidrosis treatment market is segmented on the basis of type, treatment, age, and region. On the basis of type, the market is categorized into axillary hyperhidrosis palmar hyperhidrosis, plantar hyperhidrosis, and others. By treatment, it is divided into botulinum toxin injection, topical treatment, and oral medication. Oral medication is further bifurcated into anticholinergics and others. By age, it is classified into below 50 years and above 50 years. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and Latin America, the Middle East, and Africa (LAMEA).
The major players profiled in the report are AbbVie Inc, Avanor Healthcare Ltd , Brickbell Biotech, Inc , Dr August Wolff GmbH & Co. Kg Drugs, Dr. Reddy's Laboratories Ltd, Eirion Therapeutics, Inc, Eli Lilly and Company, Hugel, Inc., Kaken Pharmaceutical Co., Ltd, Intas Pharmaceuticals Ltd, Roivant Sciences Ltd., and Theravida, Inc.
Key Benefits For Stakeholders
By Type
By Treatment
By Age
By Region