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Hyperhidrosis Treatment Market is Anticipated to Witness High Growth Owing to Increase in Prevalence of Hyperhidrosis

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Niranjan Mardakar
Hyperhidrosis Treatment Market is Anticipated to Witness High Growth Owing to Increase in Prevalence of Hyperhidrosis

Market Overview:

Hyperhidrosis is a condition characterized by excessive sweating beyond what is needed to regulate normal body temperature. Hyperhidrosis can occur all over the body or be localized to specific areas such as underarms, palms, soles of feet and face. If left untreated, hyperhidrosis can negatively impact quality of life by causing social anxiety and discomfort. Some key treatment options include prescription topical antiperspirants, botulinum toxin injections and minimally invasive surgical procedures. Topical antiperspirants containing aluminum chloride or aluminum zirconium complexes provide effective sweat reduction in 70-80% of cases. Botulinum toxin injections temporarily block nerve signals to sweat glands and are approved for treating severe primary axillary hyperhidrosis. For patients unresponsive to other options, surgical approaches include endoscopic thoracic sympathectomy which involves destroying sympathetic nerve fibers to sweat glands. Due to increasing awareness about available therapies and rising prevalence of hyperhidrosis globally, the demand for effective treatment options is on the rise.

The Global Hyperhidrosis Treatment Market is estimated to be valued at US$ 739.06 Bn in 2024 and is expected to exhibit a CAGR of 25% over the forecast period 2024 to 2030.

Key Takeaways

Key players operating in the Hyperhidrosis Treatment are Medtronic, Abbott, Stryker, B. Braun Melsungen AG, Boston Scientific Corp., Baxter, and OMRON Healthcare, Inc.

In terms of opportunities, growing direct-to-consumer marketing campaigns by drug manufacturers and availability of new treatment modalities such as focused ultrasound are facilitating broader access and driving awareness. Focused ultrasound therapy was recently approved in the US for primary axillary hyperhidrosis and offers a promising non-invasive treatment alternative.

Global expansion of key market players through acquisitions is further widening availability of these treatments worldwide. For instance, Stryker acquired Hyperhidrosis treatment provider NxThera in 2021 to accelerate commercialization of its novel Renal Denervation System for treating severe sweating in patients with primary focal hyperhidrosis.

Market Drivers:

Increasing prevalence of hyperhidrosis is a key growth factor. Recent epidemiological studies estimate the global prevalence of primary hyperhidrosis to be around 4.8%. As the condition remains underdiagnosed in many regions, the actual prevalence is likely to be higher. Affordability of topical prescription drugs and gradual shifting of procedural treatments to lesser invasive ones are supporting adoption.

Market Restrains:

High costs associated with surgical treatments along with limited insurance coverage are barriers to the market. Risk of complications such as compensatory sweating and lack of long-term efficacy data for newer technologies can negatively impact patient acceptance for some treatment options. Strict regulatory pathways for newer product approvals also impede market growth to some extent.

Segment Analysis

The Global Hyperhidrosis Treatment Market Size can be segmented by treatment type into botulinum toxin A, topical aluminum chloride, iontophoresis, anticholinergic drugs, and others. Among these, iontophoresis dominates the market as it is a non-invasive treatment and effective for treating focal hyperhidrosis. It works by delivering a weak electric current through the sweat glands which decreases the sweating.

Regional Analysis

North America currently dominates the hyperhidrosis treatment market owing to availability of advanced treatments, growing awareness, presence of key players, and high healthcare spending. The Asia Pacific region is expected to witness the fastest growth during the forecast period due to increasing healthcare expenditure, large patient base, and growing medical tourism in countries like India and China. Governments are also raising awareness which is driving the market growth in the region.

Get More Insights On This Topic: https://www.ukwebwire.com/hyperhidrosis-treatment-market-size-share-analysis-2023-2030/

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