The Global Hidradenitis Suppurativa Treatment Industry is poised for significant growth, with projections indicating a remarkable surge towards a US$1.24 billion valuation by 2033. This significant growth trajectory is fueled by a robust Compound Annual Growth Rate (CAGR) of 4.97% anticipated throughout the forecast period. In 2023, the market is expected to reach US$763.6 million, highlighting the increasing demand for effective treatment options for HS.
The market is currently witnessing a surge in pipeline therapies targeting key interleukins, including IL-17 and IL-1, along with anti-TNF, JAK inhibitors, and anti-complement factors. These upcoming therapies are expected to offer patients a more convenient route of administration, potentially increasing treatment duration and consequently boosting market growth.
One of the primary drivers behind the expanding Hidradenitis Suppurativa market is the escalating prevalence of skin diseases. Factors such as secondary infections, obstruction of hair follicles, and inflammation of specific sweat glands contribute significantly to the rising cases of Hidradenitis Suppurativa. The market is further fueled by increased healthcare expenditure, which enhances infrastructure, and initiatives by both public and private organizations to raise awareness about the condition.
The Hidradenitis Suppurativa market is set to benefit from the growing number of obesity cases, driven by changing lifestyles and rising disposable income. Additionally, the increasing geriatric population and a surge in smoking-related incidents will contribute to the market’s robust growth.
Request a Sample of this Report Now!
https://www.futuremarketinsights.com/reports/sample/rep-gb-16512
Moreover, the market’s growth is fuelled by a rise in the number of research and development activities. This will provide lucrative opportunities for the hidradenitis suppurativa market growth. Shortly, technologically sophisticated treatments such as laser operations are anticipated to fuel hidradenitis suppurativa market growth.
Furthermore, the hidradenitis suppurativa market is growing due to FDA approvals for medication delivery and clinical trials. Increasing drug approval rates and launches and growth in the number of emerging markets will further provide beneficial opportunities for the hidradenitis suppurativa market growth in the forecast period.
Key Takeaways from the Global Hidradenitis Suppurativa Treatment Industry Study
- North America is expected to dominate the market of hidradenitis suppurativa treatment with market valuation to reach USD 620.4 million by the end of the forecast period.
- The market in East Asia is anticipated to record the fastest CAGR of 5.1% during the projected timeline.
- By treatment type, biologics segment is expected is to lead the market with a 61.4% segment share by the end of 2033.
- With a market share of 65%, hospital pharmacy is expected to possess market hegemony by distribution channel, by the end of the forecast period.
“Technologically sophisticated treatments like laser therapy and rapid drug approvals will fuel the market in forecast period”, comments an FMI analyst.
Global Hidradenitis Suppurativa Treatment Industry Competitive Landscape
The global Hidradenitis suppurativa market is highly competitive due to presence of large number of players and innovative product offerings. In addition, business expansion activities through partnerships and agreements are factors expected to further increase the competition. Some recent developments in this industry are as follows:
- In June 2022, Priovant Therapeutics and Ongoing Registrational Studies for Oral Brepocitinib in Dermatomyositis and Lupus were announced by Roivant and Pfizer.
- In February 2021, AbbVie Inc., received FDA approval for HUMIRA (adalimumab), which can be used to treat moderate to severe hidradenitis suppurativa.
- In March 2022, MoonLake had started the Phase II trial of nanobody, sonelokimab for treating moderate-to-severe hidradenitis suppurativa (HS). Sonelokimab has the potential to treat inflammatory diseases by inhibiting the IL-17A/A, IL-17A/F, and IL-17F/F dimers that cause inflammation in the body.
More Valuable Insights Available
Future Market Insights offers an unbiased analysis of the global hidradenitis suppurative (HS) treatment market, providing historical data for 2018-2022 and forecast statistics from 2023-2033.
Request Your Customized Report Now!
https://www.futuremarketinsights.com/customization-available/rep-gb-16512
To understand opportunities in the Hidradenitis suppurativa treatment market, the market is segmented based on Clinical stages (Hurley Stage 1-low, Hurley Stage 2-moderate, Hurley Stage 3-high) By Treatment type [(Medication- Biologics, Antibiotics, Hormonal therapy, Immune suppurativa drugs, Zinc supplements, Pain medications), Surgery] By route of administration (Oral, tropical) By end-user (Hospitals, homecare, Specialty clinics) By distribution channel (Hospital Pharmacy, retail pharmacy, online pharmacy) By region (North America, Latin America, Europe, South-Asia, East-Asia, Oceania, Middle East, and Africa)
Global Hidradenitis Suppurativa Treatment Industry Key Companies Profiled
- InflaRx N.V
- Novartis A.G
- Incyte Corporation
- UCB Biopharma SPRL
- Janssen Pharmaceuticals
- Amgen Inc.
- ChemoCentryx
- Priovant Therapeutics
- AnaptysBio
- AbbVie Inc.
- ACELYRIN
- Aclaris Therapeutics Inc.
Key Segments Profiled in the Global Hidradenitis (HS) Suppurativa Treatment Industry
- Hurley Stage 1- Low
- Hurley Stage 2- Moderate
- Hurley Stage 3- High
By Treatment Type:
- Medication
- Biologics
- Antibiotics
- Hormonal Therapy
- Immune Suppurativa Drugs
- Zinc Supplements
- Pain Medications
- Surgery
By Route of Administration:
- Oral
- Tropical
By End Users:
- Hospitals
- Homecare
- Specialty Clinics
By Distribution Channel:
- Hospital Pharmacy
- Retail Pharmacy
- Online Pharmacy
Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube