Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 7.50 Billion | USD 12.96 Billion | 5.62% | 2024 |
The global pigmentation disorder treatment market size was worth around USD 7.50 Billion in 2024 and is predicted to grow to around USD 12.96 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 5.62% between 2025 and 2034.
The report analyzes the global pigmentation disorder treatment market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the pigmentation disorder treatment industry.
This report discusses market research on the pigmentation disorder treatment market, its market growth factors, and its challenges. The report also talks about the opportunities available to stakeholders, researchers, and potential investors for the pigmentation disorder treatment market, discussing the recent changes due to the pandemic.
Pigmentation is a skin condition caused by high quantities of melanin, a pigment produced by melanocytes. The amino acid tyrosine is oxidized, resulting in the formation of melanin. Melanin is carried by keratinocytes and, while it is innocuous, it dulls the skin. It mostly affects the face, although it could also impact various regions of the body. Whenever melanocytes are harmed, the body's melanin synthesis varies. The skin blackens or lightens as a result of this condition. The formation of melanin causes the skin to darken, while reduced synthesis of melanin causes the skin to lighten.
Increase in skin pigmentation disorders to drive the market growth
Dark-skinned individuals have a high frequency of pigmentary diseases. Pigmentary dermatomes are also the second and fifth most frequent dermatomes among Blacks and Hispanics, correspondingly. Increased sun exposure, rise in global warming, and the increased incidence of harmful sun rays due to environmental degradation are contributing factors to rise in pigmentary disorders. As a result, the global pigmentation disorder treatment market is predicted to grow due to the increased frequency of pigmentation disorders.
Lack of reimbursement policies for pigmentation treatment to affect the market negatively
In general case, insurance, or reimbursement is provided for medical expenses and treatments. But in the case of pigmentation disorders and its treatments, it is not covered under any policy. Only individuals from the higher economic segment of the society can afford such procedures, without any support of insurance. As a result, this causes a restraint for the growth of global pigmentation disorder treatment market.
Improvements in tissue engineering to open avenues for new procedures
Developments such as artificial skin drafts and engineered skin have evolved in the market. This not only helps in pigmentation disorders but also helps in wound healing. These skins are made out of artificial and natural materials, such as xenogenic, synthetic, allograft or autologous sources. This opens up new avenues for pigmentation treatments, given more research is conducted. This provides new opportunities for the global market.
High cost of cosmetic treatments poses a challenge for the market
Though tremendous development in the pigmentation treatment market boosted the market opportunities, the cost of these procedures are expensive. The only affordable treatment for the masses is OTC or tropical medications. But the efficiency of these treatments is very less in comparison to other alternatives. High prices pose a threat to the global pigmentation disorder treatment market growth.
The market is divided on the basis of treatment, end-user, and region.
By treatment, the market is segregated into chemical peels, microdermabrasion, topical drugs, phototherapy, laser therapy, skin grafting, drugs, & others. Due to the better clinical studies in individuals with pigmentation disorders, the topical therapy category dominates the overall market. Azelaic acid, L-ascorbic acid, hydroquinone, and other topical medicines are the most commonly recommended worldwide. Topical therapy involves administering lotions, serums, creams, and ointments to the skin, which are prepared with various active components to treat specific pigmentation problems.
The market, by end user, is classified as dermatology centers, hospitals, & aesthetic clinics. In the end user segment, inclination towards aesthetic procedures is expected to increase the market of aesthetic or cosmetic institutions. On the other hand, due to affordability, people are also expected to opt for OTC medications for home treatments.
Report Attributes | Report Details |
---|---|
Report Name | Pigmentation Disorder Treatment Market |
Market Size in 2024 | USD 7.50 Billion |
Market Forecast in 2034 | USD 12.96 Billion |
Growth Rate | CAGR of 5.62% |
Number of Pages | 160 |
Key Companies Covered | Episciences Inc., Bayer AG, La Roche-Posay, Alvogen Inc., Obagi Medical Products Inc., Allergan Inc., Pierre Fabre Laboratories, & SkinCeuticals International, and others. |
Segments Covered | By Treatment, By End User, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Because of the increased prevalence of pigmentation issues, North America leads the global pigmentation disorder treatment market. In North America, there are well established medical structure and large market companies that provide efficient treatment choices for individuals with post-inflammatory hyperpigmentation.
Given the cultural preference for spotless and clear skin, Asian countries such as South Korea, China, Japan, and others, have an established market for pigmentation disorder treatment. Though given the prominence of several existing companies, the competition is tough in these regions.
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the pigmentation disorder treatment market on a global and regional basis.
The global pigmentation disorder treatment market is dominated by players like:
By Treatment
By End User
By Region
FrequentlyAsked Questions
Leading players in the global pigmentation disorder treatment market include Episciences Inc., Bayer AG, La Roche-Posay, Alvogen Inc., Obagi Medical Products Inc., Allergan Inc., Pierre Fabre Laboratories, & SkinCeuticals International, among others.
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