According to Future Market Insights’ most recent industry report, the global Axillary Hyperhidrosis Treatment Market size is anticipated to be about US$ 1.8 Billion in 2023, with a CAGR of close to 6.7% over the forecast period, with an estimated worth of US$ 3.3 Billion in 2033.
Millions of people worldwide suffer with Axillary Hyperhidrosis, which causes embarrassment and discomfort. There are a variety of non-invasive and minimally invasive therapies on the market that use innovative technology to target sweat glands in the underarm area, offering long-term relief from excessive sweating. Botox injections and miraDry are two procedures that provide good outcomes while causing minimal or no pain to the patients. This has resulted in increased patient uptake in recent years; as a result, the market is likely to expand in the future as well.
Axillary Hyperhidrosis is becoming more common over the world, increasing the demand for effective treatment alternatives.
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As more people become aware of Axillary Hyperhidrosis, more people are being diagnosed and seeking treatment, causing the market for Axillary Hyperhidrosis Treatment to develop. Technological advancements have resulted in the creation of new and creative treatment alternatives, such as minimally invasive procedures and non-invasive technologies, which are propelling the Axillary Hyperhidrosis Treatment market forward.
Excessive underarm perspiration can cause humiliation and social stigma, hence many people with Axillary Hyperhidrosis seek treatment for cosmetic reasons. This is increasing the need for Axillary Hyperhidrosis aesthetic therapies. Combination therapies, which employ numerous therapy modalities to treat Axillary Hyperhidrosis, are gaining popularity among patients and healthcare practitioners alike. This is propelling the market for Axillary Hyperhidrosis Treatment Combination Therapies forward.
Overall, these factors are driving demand for effective and new treatment options in the Axillary Hyperhidrosis Treatment market and are projected to continue to do so in the coming years.
Key Takeaways:
Drug therapy is the leading segment of treatment among patients and professionals, and held about 62.7% market share in 2022, due to its non-invasive nature and high efficacy in reducing excessive sweating in patients.
- By distribution channel, the retail pharmacies dominated the global Axillary Hyperhidrosis Treatment market withholding the total market share of about 34.2% by the end of 2022, owing to the convenience and ease of accessibility to a range of products from OTC/off-label products to licensed products.
- By region, North America is leading in the global Axillary Hyperhidrosis Treatment market and is expected to continue to do so with a projected CAGR rate of 5.4% during the forecasted years.
“Increasing adoption of combination therapies and growing awareness and diagnosis of the condition to create the lucrative potential for the market to grow,” says an analyst at Future Market Insights (FMI).
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Market Competition:
Key participants in the market for Axillary Hyperhidrosis Treatment employ expansion of the company through acquisitions, mergers, collaborations, and partnerships. Key players are concentrating on strategies like expanding sales and implementing new technology for the creation of novel products.
- In December 2021, Sientra, Inc. announced that it had entered into an agreement to acquire all of the assets related to the novel fat grafting technology from AuraGen Aesthetic, LLC.
- In August 2022, GSK plc announced that it had acquired Affinivax, Inc (Affinivax), a clinical-stage biopharmaceutical company based in Cambridge, Boston, Massachusetts.
Key Players:
- Allergan plc. (AbbVie)
- Journey Medical Corporation (Dermira, Inc.)
- Riemann A/S (Orkla)
- SweatBlock
- Certain Dri
- miraDry, Inc. (Sientra)
- STRATUS PHARMACEUTICALS INC.
- Duradry
- Persn & Covey
- GlaxoSmithKline Plc.
- Carpe
- SweatStop® International
- CORAD Healthcare
- ZeroSweat
What Does the Report Cover?
Future Market Insights offers a unique perspective and actionable insights on the Axillary Hyperhidrosis Treatment market in its latest study, presenting a historical demand assessment of 2017 to 2022 and projections for 2023 to 2033. The global Axillary Hyperhidrosis Treatment market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.
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Key Segments Covered:
By Treatment:
- Drug Therapy
- Antiperspirants (Both OTC & Rx)
- Antiperspirants Spray
- Antiperspirants Roll-On
- Antiperspirants Wipes
- Antiperspirants Lotion & Gel
- Antihypertensive Drugs
- Anticholinergic Agents
- Alpha-Adrenergic Agonists
- Antiperspirants (Both OTC & Rx)
- Botulinum Toxins
- Medicated Wipes
- Microwave Therapy
By Distribution Channel:
- Hospitals
- General Physician’s Clinics
- Retail Pharmacy Chains
- Drug Stores
- Online Sales
- Manufacturer websites
About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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