According to the current analysis of Reports and Data, the global Axillary Hyperhidrosis Treatment Market was valued at USD 1.27 Billion in 2019 and is expected to reach USD 2.10 Billion by the year 2027, at a CAGR of 6.0%. Hyperhidrosis is a severe disorder in which the patient faces excessive sweating issues which are independent of environmental conditions and thermoregulatory needs. There are two basic types of medical condition in this illness- primary focal and secondary generalized hyperhidrosis. Diaphoresis, which is a severe form of extreme, abnormal sweating is also known as secondary hyperhidrosis. The increasing awareness about the various types of treatment alternatives available to permanently cure in case of severe perspiration and to improve the quality of life in case of minor perspiration, is expected to bring traction to the hyperhidrosis treatment industry. Also there are updated reimbursement implications for hyperhidrosis expenditure in multiple regions. For instance, in U.S. recently in 2019, a reimbursement scheme code was released for operating procedures and medications, ICD-10-CM is the diagnosis code.
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Now that the tide is turning, more worldwide growth in the pharmaceutical business is likely to come from emerging nations, particularly China, where health systems are rapidly developing. Despite the fact that only a few acquisitions were announced or completed, tremendous growth is projected in the future years.
Significantly, China’s adoption of health insurance and broader healthcare reforms last year effectively created a market of one billion people overnight. However, generic medications account for 76% of the Chinese market, making it difficult for European and American multinationals to capitalize on market prospects.
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Further key findings from the report suggest
- For primary focal hyperhidrosis treatment, there is only one FDA approved injection in the industry which is the botox injection by Allergan. It held the highest market share in the previous year’s numbers registered for this segment. Other rising players in the industry for botox medication includes Dysport, and Xeomin, which are currently sold off-labeled in the market.
- Various new treatment methods such as microwave therapy are providing impetus to the industry due to its effectiveness for removing excessive sweat problems permanently. miraDry launched by Miramar Labs is an effective solution for sweating disorders.
- Leading companies are into new product development for bringing up better products for the target illness treatment. For instance, Candela Corp. is engaged in development of a laser therapy for primary hyperhidrosis treatment. It is a laser treatment device especially made for axillary hyperhidrosis relief. However the response towards the device by patients is expected to be slow.
- The physiotherapy type segment of treatments is anticipated to grow gradually with the increasing awareness of physiotherapy techniques such as iontophoresis in the Axillary Hyperhidrosis Treatment Market with an expected CAGR of 6.3% and estimated market value of USD 240.1 million in 2026.
- North America remains the key revenue generating geographical segment in Axillary Hyperhidrosis Treatment Market . The geographical segment accounted for USD 388.7 million in 2018. Availability of research funds from public as well as private sources, availability of state-of-art technologies, presence of key market players in the region, favorable reimbursements scenarios for excessive sweating based diagnostics, rising focus on precision medicine, and rising awareness about presence of safer medicines, are among the key factors driving the market growth for Hyperhidrosis Treatment in this region
- The global Axillary Hyperhidrosis Treatment Market is highly fragmented with major players like Allergan (Ireland), Brickell Biotech, Inc. (U.S), Dermira, Inc. (U.S), GlaxoSmithKline plc (UK), Revance Therapeutics , Inc. (U.S), Ulthera, Inc. (U.S), Dr. August Wolff GmbH (Germany), TheraVida, Sientra Inc. (U.S), collectively constituting a competitive market.
For the purpose of this report, Reports and Data has segmented the Axillary Hyperhidrosis Treatment Market on the basis of disease type, treatment type, distribution channel and region:
Disease type Outlook (Revenue in Million USD; 2017–2027)
- Primary Focal Hyperhidrosis
- Palmar Hyperhidrosis
- Plantar Hyperhidrosis
- Others
Treatment Type Outlook (Revenue in Million USD; 2017–2027)
- Medications
- Antiperspirants
- Prescription strength antiperspirants
- Over-the-counter antiperspirants
- Anticholinergics
- Botox (botulinum toxin) – A
- Antiperspirants
- Physiotherapy
- Surgical Treatments
- Invasive Treatments
- Non-invasive Treatments
- Laser Treatments
- Microwave Energy Destruction of Sweat Glands
Distribution Channel (Revenue in Million USD; 2017–2027)
- Hospital Pharmacy
- Retail Pharmacy
- Online Prescription Stores
Regional Outlook (Revenue in USD Million; 2017–2027)
- North America
- U.S
- Canada
- Europe
- Germany
- Italy
- U.K
- France
- Rest of Europe
- Asia Pacific
- China
- Japan
- Rest of Asia-Pacific
- Middle East Africa
- GCC Countries
- Rest of MEA
- Latin America
- Brazil
- Rest of Latin America
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The entry of startups and regional players in the recent years and their increasing focus on drug development and research and advancements in therapeutics and medical devices are also expected to contribute to the growth of the market.
Among the product types, the demand for personalized medicine for cancer is expected to dominate other types over the forecast period attributing to growing demand for customized therapies to treat various types of cancer and growing incidence of cancer globally.
Growing advancements in medical therapies to drive market growth
The pharmaceutical and healthcare industry is driven by rapid advancements in customized therapies, medical devices, and surgical procedures. Integration of advanced technologies to accelerate research and development and manufacturing and production activities are some other factors driving market growth.
High prices of certain drugs might affect revenue growth
Launch of high-priced drugs to treat rare and chronic diseases and lesser affordability in middle- and low-income regions might limit their adoption and restrain market growth going ahead. In addition, less knowledge and awareness regarding advanced treatment approaches and lower adoption of advanced technologies might further hamper market growth over the forecast period.
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