Hidradenitis suppurativa is a rare, inflammatory skin condition that begins as small and painful pimples on the skin. This medical condition is most common between the ages of 20-40 years. Prevalence of hidradenitis suppurativa is three times more common in females than in males.
Increasing cases of various skin diseases are key driver for the global hidradenitis suppurativa market. FDA (U.S. Food and Drug Administration) approvals for drugs and clinical trials are major factor for the growth of the market. Over the past few years, due to increasing knowledge of the disease, and introduction of new drugs and treatment options, the market is continuously growing.
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The Global hidradenitis suppurativa market is growing at the CAGR of ~4.2% during the forecast period and expected to reach US$ 763.6 million by 2023.
Key Players for Global Hidradenitis suppurativa market:
Some of the key players in this market are: AbbVie Inc. (US), Allergan (Republic of Ireland), AstraZeneca (UK), GlaxoSmithKline plc. (UK), Johnson & Johnson Services, Inc. (US), Merck & Co., Inc. (US), Pfizer Inc.(US), and others
Global Hidradenitis suppurativa market has been segmented on the basis of skin conditions which comprises of pimples, folliculitis, deep-acne, boils, and, and others. Folliculitis is further sub-segmented into bacterial folliculitis, hot tub folliculitis (pseudomonas folliculitis), barber’s itch (pseudofolliculitis barbae), pityrosporum folliculitis, and others. Deep-acne is further sub-segmented into cysts, blackheads, and others. Boils are further sub-segmented into furuncle or carbuncle, cystic acne, pilondial cyst, and others.
On the basis of treatment, the market has been segmented into medications, surgery, laser treatment, Photodynamic Therapy (PDT), and others. Medication is further sub-segmented into antibiotics, antiandrogens, Immunosuppressive drugs, hormones, pain medication, Zinc supplements, sulphones, retinoids, and others. Surgery is further sub-segmented into Punch debridement, Incision and drainage, surgical removal, issue-sparing excision with electrosurgery, and others.
On the basis of end user, it is segmented into hospitals, dermatology clinics, medical research centers, academic institutes, and others.
Regional analysis of global hidradenitis suppurativa Market:
Considering the global scenario of the market, North America holds the largest market share due to various factors such as increasing cases of skin diseases and related medical complications. European hidradenitis suppurativa market is the second largest where the west European countries like Germany, France, and UK are holding the largest market share. Prevalence of hidradenitis suppurativa is continuously increasing in Asia Pacific region. Additionally, developing healthcare infrastructure and facilities, affordable healthcare, government initiatives to improve public health and rising healthcare expenditure are driving the growth for Asia Pacific hidradenitis suppurativa market. Due to low knowledge of disease, limited access to healthcare facilities, Middle East and Africa (ME&A) is likely to have a limited growth in the market.
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Detailed Table of Contents:
1 Report Prologue
2.2 Scope Of The Study
2.2.1 Research Objective
2.3 Market Structure
2.4. Market Segmentation
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics
4.4 Mega Trends
4.5 Macroeconomic Indicators
5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Porters Five Forces
5.3 Demand & Supply: Gap Analysis
5.4 Pricing Analysis
5.5 Investment Opportunity Analysis
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