Hyperhidrosis Treatment Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Hyperhidrosis Treatment Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The hyperhidrosis treatment market studied is anticipated to grow with a CAGR of 6.2% during the forecast period. The major factors attributing to the growth of the hyperhidrosis treatment market are a rise in the prevalence of secondary hyperhidrosis conditions and an increase in investments by players for research and development.

According to JAAD (Journal of the American Academy of Dermatology), 2.8% of the American population suffers from Hyperhidrosis. As the incidence of this disease increases, significant players are interested in investing in its treatment market. However, the results of the therapeutics are for very less time and, the need to repeat the treatments, constrain the market.

Key Market TrendsPrimary hyperhidrosis Segment is Expected to Hold the Largest Market Share in the Hyperhidrosis Treatment Market

Primary hyperhidrosis is a disease characterized by excessive sweating localized in certain body regions particularly palms, feet, and underarms. Primary hyperhidrosis treatments have been accounted for a significant share of the market and the share is expected to increase in the coming years. The advanced therapies are available in varied sections which involve mainly, topical and surgical. The choice of treatment depends on the severity of the condition and affordability.

North America Dominates the Market and Expected to do Same in the Forecast Period

North America is expected to dominate the overall hyperhidrosis treatment market throughout the forecast period. The factors such as the rising incidence of secondary hyperhidrosis increase the market growth in the region. Among the developed countries the United States has the maximum number of patients suffering from hyperhidrosis.

The current disease trends in the United States suggest that the number of cases of hyperhidrosis will increase at a rapid pace. Also, presence of favorable reimbursement policies are expected to boost the growth of the market.

Competitive Landscape

The hyperhidrosis treatment market is moderately consolidated and consists of several major players. In terms of market share, few of the major players are currently dominating the market. And some prominent players are vigorously making acquisitions with the other companies to consolidate their market positions across the globe (Sientra acquired Miramar). Some of the market players are Abbvie, Brickell Biotech, ELi Lilly And Company (Dermira), Advin Health care and Dermavant Scienecs Inc. (Roivant Sci)

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

AbbVie Inc. (Allergan plc)
Brickell Biotech, Inc.
Eli Lilly And Company (Dermira)
1315 Capital (miraDry, Inc.)
SweatBlock
Merz Pharma (Merz Aesthetics)
Dermavant Sciences, Inc. (Roivant Sciences)
Advin Health Care
Dermadry Laboratories Inc.
Dermata Therapeutics, Inc.