Vitiligo Treatment Market By Drug Class Type (Corticosteroids, Calcineurin Inhibitor, Others), By Type (Segmental, Non Segmental), By Distribution Channel (Hospital Pharmacies, Drug Stores and Retail Pharmacies, Online Providers): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global vitiligo treatment market was valued at $410.54 million in 2021, and is projected to reach $625.82 million by 2031, registering a CAGR of 4.3% from 2022 to 2031.
Vitiligo is a long-term condition in which pale to white patches develop on the skin. In addition, hair on these areas of skin lose their pigment and appear white. This is caused by lack of melanin, which is a natural pigment present in the skin. Lack of melanin can lead to development of white patches on the skin primarily on face, neck, and hands. The onset of vitiligo starts in mid-twenties, however in some individuals it can appear at any age. It is an autoimmune disorder in which a person’s immune system attack the melanocytes. These melanocytes are responsible for melanin synthesis. The treatment for vitiligo is based on restoring the skin color.
The vitiligo treatment market growth is driven by increase in patients suffering from vitiligo conditions. For instance, according to National Center for Biotechnology Information (NCBI) in 2017, a relatively high prevalence of vitiligo was found in Africa region. Furthermore, surge in R&D activities for effective vitiligo treatment and rise in awareness regarding vitiligo conditions are the factors that significantly contribute toward the growth of the market.
However, strict regulatory rules and long procedures for drug approvals hinder the growth of the market. On the other side, increase in healthcare expenditure is expected to create opportunities for the growth of the market.
The vitiligo treatment market is segmented into drug class type, type, distribution channel, and region. By drug class type the market is categorized into corticosteroids, calcineurin inhibitor, and others. Depending on type, it is fragmented into segmental and non-segmental. On the basis of distribution channel, it is divided into hospital pharmacies, drug stores and retail pharmacies, and online providers. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Major key players that operate in the global vitiligo treatment market are Arcutis Biotherapeutics, Astellas Pharma Inc., Bausch Health Companies Inc. (Bausch+Lomb Inc.), Bristol-Meyers Squibb (Celegen), Dermavant Science Inc., Dr. Reddy’s Laboratories Ltd, Incyte Corporation, Merck kGaA, Pfizer Inc., Viatirs Inc. (Mylan N.V.).
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the vitiligo treatment market analysis from 2021 to 2031 to identify the prevailing vitiligo treatment market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the vitiligo treatment market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global vitiligo treatment market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
Segmental
Non Segmental
By Distribution Channel
Drug Stores and Retail Pharmacies
Online Providers
Hospital Pharmacies
By Drug Class Type
Corticosteroids
Route of Administration
Topical Route
Oral and Systemic Route
Calcineurin Inhibitor
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest Of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Rest Of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest Of LAMEA
Key Market Players
Arcutis Biotherapeutics
Astellas Pharma Inc.
Bausch Health Companies Inc.
Belcher Pharmaceuticals, LCC
Celgene Corporation
clinuvel pharmaceuticals ltd
Dr. Reddy’s Laboratories Ltd
Glenmark Pharmaceuticals Ltd
Mylan N.V.
Panacea Biotec Ltd
Pfizer Inc.
Strides Pharma Science Limited
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