Hyperhidrosis Treatment Market: Rise in Demand for Minimally-invasive and Non-invasive Therapeutic Procedures to Boost Market – BioSpace

Wilmington, Delaware, United States, Transparency Market Research Inc.: Patients suffering from idiopathic hyperhidrosis experience extreme sweating of the axilla, soles, palms, or face. Elevated environmental temperatures or emotional stress worsens sweat secretion; however, this extra sweating can be caused without any clear triggers. Typically, these symptoms develop in adolescence, get worse after puberty, and reduce during old age.

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Individuals may express inconvenience associated with humid footwear or trouble handling paper, tools, musical instruments, or sports equipment. More importantly, patients are embarrassed while shaking or holding hands, meeting new people, and intimacy, consequently leading to social withdrawal.

The global market for hyperhidrosis treatment reached a valuation of ~US$ 1.2 Bn in 2018, and is projected to grow at a CAGR of ~4% between the years 2019 to 2027.

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Rise in Demand for Minimally-invasive and Non-invasive Therapeutic Procedures to Boost Market

Globally, the demand for non-surgical cosmetic and aesthetic procedures such as the botulinum toxin procedure for hyperhidrosis treatment, which is minimally-invasive or non-invasive in nature, has increased in the last two decades.

According to the American Society of Plastic Surgeons, the U.S. recorded 819% increase in botulinum toxin procedures from 2000 to 2017

The demand for non-surgical topical treatments, non-surgical microwave energy destruction of sweat glands, and botulinum toxin procedures is rising, owing to benefits such as minimum or no downtime, no wear and tear of skin surface, and minimal side effects.

Geographically, North America dominated the global hyperhidrosis treatment market, accounting for the largest share in 2018. The regions significant market share is attributed to high prevalence of hyperhidrosis among the population in the U.S.

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Asia Pacific Hyperhidrosis Treatment Market to Grow at a Rapid Pace

Asia Pacific was the third-largest market for hyperhidrosis treatment in 2018. The hyperhidrosis treatment market in the region is expected to expand at a high CAGR during the forecast period, due to new product launches in countries such as India and China, and rise in awareness about the available treatment options for hyperhidrosis treatment.

Key players operating in the global hyperhidrosis treatment market include GlaxoSmithKline plc, Ulthera, Inc., TheraVida, Dermira, Inc., Revance Therapeutics, Inc., Allergan plc, and Miramar Labs, Inc.

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Global Hyperhidrosis Treatment Market: Segment Analysis

In terms of treatment type, the global hyperhidrosis treatment market has been classified into botulinumtoxin A, iontophoresis, surgical treatments, topical treatments, non-surgical microwave energy destruction of sweat glands, and others. The botulinum toxin A segment is projected to dominate the global hyperhidrosis treatment market during the forecast period.

Based on hyperhidrosis type, the global hyperhidrosis treatment market has been categorized into axillary hyperhidrosis, palmar hyperhidrosis, plantar hyperhidrosis, and others (craniofacial, etc.). The axillary hyperhidrosis segment is anticipated to dominate the global hyperhidrosis treatment market from 2019 to 2027.

In terms of end user, the global hyperhidrosis treatment market has been divided into hospitals, ambulatory surgical centers, and others (dermatology clinics & cosmetic centers). In terms of market share, the hospitals segment is expected to dominate the global hyperhidrosis treatment market during the forecast period.

The market size and forecast for each of the segments have been provided in terms of US$ Mn for the period from 2017 to 2027, along with their respective CAGRs for the forecast period from 2019 to 2027, considering 2018 as the base year.

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Global Hyperhidrosis Treatment Market: Regional Outlook

Geographically, the global hyperhidrosis treatment market has been segmented into five major regions: North America (the U.S. and Canada), Europe (the U.K., Germany, France, Spain, Italy, and Rest of Europe), Asia Pacific (India, China, Japan, Australia & New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Middle East & Africa (South Africa, GCC Countries, and Rest of Middle East & Africa).

The market size and forecast for each of these regions and the mentioned countries/sub-regions have been provided for the period from 2017 to 2027, along with their respective CAGRs for the forecast period from 2019 to 2027, considering 2018 as the base year. The research study also covers the competitive scenario in these regions.

Companies Mentioned in Report

The report also profiles major players in the global hyperhidrosis treatment market based on various attributes such as company overview, financial overview, treatment types, business strategies, and recent developments. These include

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Hyperhidrosis Treatment Market: Rise in Demand for Minimally-invasive and Non-invasive Therapeutic Procedures to Boost Market - BioSpace