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What fueled the previous growth in the warts therapeutics market?

The size of the warts therapeutics market has seen consistent expansion in the past few years. This growth trend is set to continue, with an expected increase from $1.96 billion in 2024 to $2.03 billion in 2025, marking a compound annual growth rate (CAGR) of 3.6%. The historical rise can be linked to various factors such as the utilization of salicylic acid, advancements in cryotherapy, evolution of topical treatments, surgical interventions, and the emergence of immunotherapy.

What will be the warts therapeutics market size in the future?

In the coming years, the warts therapeutics market is predicted to witness steady expansion. By 2029, it is anticipated to reach $2.4 billion, progressing at a compound annual growth rate (CAGR) of 4.3%. This growth during the forecast period can be linked to factors such as the application of precision medicine for HPV, advancements in laser therapy, the use of combination treatments, the introduction of digital health solutions, and efforts to improve healthcare accessibility. The forecast period also sees a shift towards targeted antiviral treatments, gene modification studies, biodegradable drug delivery systems, and a stronger emphasis on psychodermatology.

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What main drivers are fueling expansion in the warts therapeutics market?

The uptick in attention towards wart vaccinations is projected to spur the growth of the wart therapeutics market in the future. Immunization, which involves the introduction of a vaccine to bolster the body’s antibody production against infections and related health conditions, is a key factor. These skin growths are a result of the human papillomavirus (HPV). The use of a therapeutic or preventive vaccine against HPV inhibits wart formation, thereby escalating sales in the wart therapeutics market. For example, the World Health Organization, a Swiss international public health body, reported in July 2023 that there was a decline in children who were unvaccinated, known as zero-dose children, from 18.1 million in 2021 to 14.3 million in 2022. Moreover, the worldwide vaccine coverage rate for the initial dosage of the HPV vaccine in girls witnessed a rise from 16% in 2021 to 21% in 2022. Consequently, the mounting emphasis on wart vaccinations fuels the expansion of the wart therapeutics market.

What key areas define the segmentation of the global warts therapeutics market?

The warts therapeutics market covered in this report is segmented –

1) By Type: Common Warts, Genital Warts, Flat Warts, Other Types

2) By Treatment: Physical Destruction, Immunomodulation, Chemical Destruction

3) By End User: Hospitals, Homecare, Specialty Clinics, Other End Users

Subsegments:

1) By Common Warts: Typically Appear On Hands, Fingers, And Elbows, Caused By Human Papillomavirus (HPV) Types 2 And 4

2) By Genital Warts: Occur In The Genital And Anal Areas, Primarily Caused By HPV Types 6 And 11

3) By Flat Warts: Smaller And Smoother Than Common Warts, Commonly Found On The Face, Neck, And Arms

4) By Other Types: Includes Plantar Warts (On Feet) And Filiform Warts (Around The Mouth And Nose), Various HPV Types Can Cause These Warts

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Who are the dominant players expanding their reach in the warts therapeutics market?

Major companies operating in the warts therapeutics market include GlaxoSmithKline plc, Merck & Co. Inc., Verrica Pharmaceuticals Inc., Bausch Health Companies Inc., Dr. Reddy’s Laboratories Ltd, Cipla Inc., Prestige Consumer Healthcare Inc., Maruho Co. Ltd, Taro Pharmaceutical Industries Ltd, Aclaris Therapeutics Inc., Novan Inc, Scholl’s Wellness Co, AIM ImmunoTech Inc., Euro Vital Pharma GmbH, Koninklijke Utermöhlen NV, Nielsen BioSciences Inc., RXi Pharmaceuticals, Phio Pharmaceuticals Corp., MedCara Pharmaceuticals, KinoPharma Inc., pHion Therapeutics, Compound W, Duofilm, Curad Mediplast, Emblation Ltd.

How are evolving market trends shaping warts therapeutics Strategies?

The major emerging trend in the wart therapeutics market is product innovation. To maintain their relevance in the market, companies involved in wart therapeutics are creating novel treatment approaches. As an example, in February 2023, Verrica Pharmaceuticals Inc., a dermatology therapeutics company based in the US, announced the acceptance of its revised New Drug Application (NDA) for VP-102 by the FDA (The United States Food and Drug Administration). This is for the treatment of molluscum contagiosum (a type of wart), and a Prescription Drug User Fee Act (PDUFA) number was assigned to it. VP-102, a proprietary drug-device combination, delivers cantharidin (0.7% w/v) through a single-use applicator for precise topical dosing and targeted administration, in a good manufacturing practices (GMP)-compliant formulation.

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Which regions are emerging as leaders in the warts therapeutics market?

North America was the largest region in the warts therapeutics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the warts therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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