Global Vitiligo Treatment Market Is Set For Global Lead With Immense Development Trends By 2026

19Nov - by sopan - 0 - In Business Health Sci-Tech Top News

Global Vitiligo treatment market is expected to grow at a healthy CAGR in the forecast period of 2019-2026. Growing incidence ocular surface injuries as it can contribute to the neurotrophic keratitis and development of advanced therapies and treatment are the key factors for market growth.

Vitiligo Treatment market research report acts as a great source of information with which businesses can get a telescopic view of the existing market trends, consumer’s demands and preferences, market situations, opportunities and market status. Moreover, the Vitiligo Treatment report also comprises of all the key market information including market definition, classifications, key developments, applications, and engagements. It describes thorough study of current situation of the global market along with several market dynamics. Detailing about the actions of key players with respect to product launches, joint ventures, developments, mergers and acquisitions and effects of the same in terms of sales, import, export, revenue and CAGR values is also conducted in the report.

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Key Market Players:

Few of the major competitors currently working in the Global Vitiligo treatment market are CLINUVEL PHARMACEUTICALS LTD, Clarify Medical, Inc, Incyte Corporation, Dr. Reddy’s Laboratories Ltd, Glenmark Pharmaceuticals Ltd, Teva Pharmaceutical Industries Ltd, Bausch Health, Novartis AG, Mylan N.V., Pfizer Inc, Strides Pharma Science Limited, Panacea Biotec Ltd, Belcher Pharmaceuticals, LCC, LEO Pharma A/S, Astellas Pharma Inc, and others.

Key Developments in the Market:

  • In September 2019, Aclaris Therapeutics, Inc is developing novel drug ATI-502, JAK1/JAK3 Inhibitor for the treatment of alopecia areata, vitiligo and atomic dermatitis. If trial successful, it will improve the treatment landscape for miilion of patients suffering from vitiligo.
  • In January 2017, Clarify Medical, Inc received an approval from the FDA for the Clarify Medical Phototherapy System, a home based light therapy device for the treatment of chronic skin diseases such as psoriasis, vitiligo and eczema. The approval of this devices provides a novel treatment option and major advances that offer complete heal of this condition.

Market Drivers

  • Growing prevalence of urticaria worldwide is drive the market
  • Huge financial support to the researchers for developing novel intervention is boosting the market growth
  • High demand of disease specific novel treatment can also act as a market driver
  • Advancement in treatment and incorporation of novel formulation can improve the ease the pain of cold sores is also act as factors that drive the market

Market Restraints

  • Patent expiry of branded drugs and introduction of generics is also acting as a challenging factor for the growth of this market
  • Low healthcare budget in some developing countries is hamper the market growth

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Segmentation: Global Vitiligo Treatment Market

By Type

  • Nonsegmental Vitiligo
  • Segmental Vitiligo

By Therapy

  • Light Therapy
  • Repigmentation Therapy

By Treatment Type

  • Medication
  • Pharmacological
  • Non-pharmacological
  • Surgery
  • Skin grafting
  • Blister grafting

By Drugs

  • Calcineurin Inhibitors
  • Pimecrolimus
  • Tacrolimus
  • Melanocyte-Stimulating Hormone
  • Afamelanotide
  • Others

By Route of Administration

  • Oral
  • Topical
  • Others

 By End Users

  • Hospitals
  • Homecare
  • Specialty Clinics
  • Others

By Distribution Channel

  • Hospital Pharmacies
  • Retail Pharmacies
  • Online Pharmacies

By Geography

  • North America
  • South America
  • Europe
  • Asia-Pacific
  • Middle East & Africa

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