How is the Hyperpigmentation Disorder Treatment Market Poised for Growth: Trends and Opportunities Through 2034
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How has the hyperpigmentation disorder treatment market grown in recent years?
Recent years have seen vigorous growth in the hyperpigmentation disorder treatment market size. Projected to increase from $5.73 billion in 2024 to $6.14 billion in 2025, the market will experience a compound annual growth rate (CAGR) of 7.1%. Factors that have fostered growth in the historical period include clinical trials and research, advancements in chemical peels, a cultural shift towards skincare, a focus on non-invasive options, and a rising demand for natural products.
How is the hyperpigmentation disorder treatment market size expected to evolve during the forecast period?
The market for treating hyperpigmentation disorders is predicted to experience robust growth in the forthcoming years, escalating to $8.6 billion by 2029, with a compound annual growth rate (CAGR) of 8.8%. The anticipated growth in the narrative period is linked to several factors such as increasing concentration on non-invasive procedures, improved skincare consciousness, the rise of telemedicine and virtual consultations, expansion of regulatory backing and authorizations, and custom-built treatment possibilities. Trending developments during the forecast period comprise groundbreaking topical concoctions, progress in laser technologies, emphasis on mixed therapy methods, customised treatment strategies, and growing demand for organic products.
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Which key drivers are propelling the hyperpigmentation disorder treatment market’s growth?
The hyperpigmentation disorders treatment market is anticipated to witness growth driven by the increasing prevalence of pigmentation disorders. Pigmentation disorders refer to a variety of conditions impacting the skin, hair, and eye iris coloration. They are caused by issues with melanin, a pigment produced by melanocytes, which influences the color of skin, hair, and eyes. Various treatment alternatives are available for hyperpigmentation disorders, the choice of which depend on the severity and cause of the condition. Over-the-counter creams containing azelaic acid, cysteamine, vitamin C, and hydroquinone are often used to treat mild conditions due to their skin-lightening properties. As per a study revealed by the Wiley Online Library in May 2024, about 50% of the global population has at least one pigmented disorder (PD), with a higher prevalence in women (59%). In Australia, 48% of individuals have a minimum of one PD, with solar lentigo being the most common, affecting 37% of Australians. Consequently, the hyperpigmentation disorders treatment market is predicted to grow due to this increased prevalence of pigmentation disorders.
What are the market segments in the hyperpigmentation disorder treatment industry?
The hyperpigmentation disorder treatment market covered in this report is segmented –
1) By Treatment Type: Cosmeceuticals, Laser Therapy, Chemical Peels, Microdermabrasion, Phototherapy, Other Treatments
2) By Disease Indication: Melasma, Post-Inflammatory Hyperpigmentation, Solar Lentigines, Other Disease Indications
3) By End-Users: Hospitals, Esthetic Clinics And Dermatology Centers, Other End-Users
Subsegments:
1) By Cosmeceuticals: Topical Creams and Gels, Serums and Lotions, Sunscreens, Laser Therapy
2) By Laser Therapy: Fractional Laser Resurfacing, Intense Pulsed Light (IPL) Therapy
3) By Chemical Peels: Superficial Peels, Medium Depth Peels, Deep Peels
4) By Microdermabrasion: Crystal Microdermabrasion, Diamond Microdermabrasion
5) By Phototherapy: Blue Light Therapy, Red Light Therapy
6) By Other Treatments: Cryotherapy, Dermal Fillers, Microneedling
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Which leading companies are shaping the growth of the hyperpigmentation disorder treatment market?
Major companies operating in the hyperpigmentation disorder treatment market include Vivier Pharma, Obagi Cosmeceuticals LLC, RXi Pharmaceuticals Corporation, EpiPharm AG, Laboratories Pierre Fabre, SkinCeuticals, Galderma S.A., Allergan PLC., Bayer AG, Lumenis Be Ltd., Aerolase Corporation, Candela Corporation, Cynosure, PCA Skin, Episciences Inc., La Roche-Posay, L’Oréal S.A., Pierre Fabre Laboratories, Alvogen Inc., Clinuvel Pharmaceuticals Ltd., Clarify Medical Inc., Incyte Corporation, Dr. Reddy’s Laboratories Ltd., Glenmark Pharmaceuticals Ltd., Teva Pharmaceutical Industries, SkinMedica Inc., Neutrogena Corporation, Paula’s Choice Inc., ZO Skin Health Inc., Estée Lauder Companies Inc.
What key trends are currently impacting the hyperpigmentation disorder treatment market’s development?
Key players in the hyperpigmentation disorders treatment market are centering their efforts on creating glycolic acid solutions in order to consolidate their market position and establish a competitive edge. Glycolic acid solutions are skincare concoctions with glycolic acid, an alpha hydroxy acid (AHA) renowned for its exfoliating qualities which enhance skin luminosity, texture, and overall look by stimulating cell renewal. For example, in February 2024, L’Oréal SA, a French personal care company, introduced the Glycolic Bright Dark Circle Eye Serum, aiming to address dark circles and lacklustre skin around the eyes. This revolutionary serum includes glycolic acid because of its exfoliating benefits, which encourage a more radiant skin and a refined skin texture. The concoction probably also features moisturizing components to cater to the sensitive eye region.
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Which geographic areas are influencing the growth of the hyperpigmentation disorder treatment market?
North America was the largest region in the hyperpigmentation disorders treatment market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global hyperpigmentation disorder treatment market report during the forecast period. The regions covered in the hyperpigmentation disorder treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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