Market Overview

Global Vitiligo Therapeutics Market 2018-2022 | Growing Importance of Aesthetic Appeal to Boost Demand | Technavio

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Technavio
analysts forecast the global vitiligo therapeutics market to grow at a
CAGR of over 4% during the forecast period, according to their
latest market research report.

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Technavio has published a new market research report on the global vitiligo therapeutics market from ...

Technavio has published a new market research report on the global vitiligo therapeutics market from 2018-2022. (Graphic: Business Wire)

The growing disposable income in emerging countries is one of the major
trends being witnessed in the global
vitiligo therapeutics market 2018-2022
. The disposable income in
the emerging economies has seen a significant increase in the recent
years, which has resulted in the growth of the revenue generated from
scar treatment products and spot correction treatment products. Many
patients with vitiligo are expected to spend a significant amount on the
treatment of the disease. North America currently dominates the market
for the scar treatment and the spot correction products and is expected
to dominate the market in the coming years because of the rising
economic growth.

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only:
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According to Technavio analysts, one of the key factors contributing to
the growth of the global vitiligo therapeutics market is the growing
importance of aesthetic appeal:

Global vitiligo therapeutics market: Growing
importance of aesthetic appeal

The importance of aesthetic appeal is growing significantly,
specifically in the emerging economies such as India and China. These
emerging economies contribute significantly to the global vitiligo
therapeutics market owing to the increasing disposable income in these
countries.

According to a senior analyst at Technavio for research on infectious
and rare diseases, "The rising importance of aesthetic appeal and the
inclination of population toward better lifestyle have been fueling
market growth for vitiligo therapeutics despite the disease being
non-life threatening in nature. Vitiligo affects around 1%-2% of the
total world population, and the growing need for aesthetic appeal is
helping the market for vitiligo therapeutics grow."

Global vitiligo therapeutics market:
Segmentation analysis

The global vitiligo therapeutics market research report provides market
segmentation by route of administration (topical, oral, and others) and
by region (the Americas, EMEA, and APAC). It provides an in-depth
analysis of the prominent factors influencing the market, including
drivers, opportunities, trends, and industry-specific challenges.

Among the route of administrations, the topical segment held the largest
market share in 2017, contributing over 47% of the market. The topical
drugs are applied directly on the body surface such as the skin or
mucous membranes.

The EMEA held the largest share of the market in 2017, accounting for
close to 44% share. The growth in the region can be due to the high
prevalence of disease in countries like France, Germany, Egypt, and
selected countries in Africa.

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Market Landscape

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  • Market characteristics
  • Market segmentation analysis

Market Sizing

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  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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