27-Jun-2022 | Zion Market Research
The size of the global pigmentation disorder treatment market is expected to attain a value of USD 8.90 billion by 2028, growing at a 5.75% CAGR during the forecast period from USD 6.01 billion in 2021.
The general meaning of pigmentation is coloring. Skin pigmentation refers to any change in the natural skin color. The natural skin color is acquired through a protein called melanin which is made by special skin cells. When these cells are damaged, the production of melanin gets interrupted and leads to skin pigmentation. Where some kinds of skin pigmentation are formed in patches, there are some which can affect the entire body.
Over-production of melanin can lead to darker skin which can be caused by exposure to the sun, pregnancy, or Addison's disease. On the other hand, underproduction of melanin can cause skin lightening.
The global pigmentation disorder market is propelled due to the presence of skin disorders like melasma, freckles, hyperpigmentation, albinism, vitiligo, hypopigmentation, and other such disorders. Some of the treatments for skin pigmentation are chemical & laser peel, lightening creams, retinoids, face acids, microdermabrasion, and dermabrasion.
The global market was impacted negatively during Covid-19 since only Covid-19-related patients were allowed for hospital visits and manufacturing of the products was disrupted due to the temporary closure of manufacturing units along with glitches in the supply chain.
One of the leading sectors in today’s commercialized world is the cosmetics and skin care sector. This is aided by the emergence of multiple domestic and international players offering skincare products catering to the needs of all consumer groups. There is also a rising prevalence of producing and marketing organic products which are created from natural resources and no do not go through any chemical process. This is due to the rising demand for chemical-free skin care products. With the rising number of market players, there has been a rise in extensive marketing and sales strategy which has created global awareness about skincare and the eventual rise in the demand for skin care products. Earlier, skincare was very limited since only a handful of manufacturers were present in the global market and the market outreach was also very restricted. However, with the rising inclusive culture, the consumer database has increased exponentially thus creating a greater demand for skin care and cosmetic products. Since the skin care segment is a leading contributor to the global pigmentation disorder market, the rise in this segment is projected to directly impact the growth of the global market.
The lack of reimbursement policies for pigmentation treatment is anticipated to restrain the global market growth. More opportunities for global market expansion can be expected due to improvements in tissue engineering while some challenges may occur owing to the high cost of cosmetic treatments.
The global pigmentation disorder market is divided on the basis of treatment, end-user, and region. By treatment, the market is segregated into chemical peels, microdermabrasion, topical drugs, phototherapy, laser therapy, skin grafting, drugs, & others. Due to the better clinical studies in individuals with pigmentation disorders, the topical therapy category dominates the overall market. Azelaic acid, L-ascorbic acid, hydroquinone, and other topical medicines are the most commonly recommended worldwide. Topical therapy involves administering lotions, serums, creams, and ointments to the skin, which are prepared with various active components to treat specific pigmentation problems.
The market, by end user, is classified as dermatology centers, hospitals, & aesthetic clinics. In the end user segment, inclination towards aesthetic procedures is expected to increase the market of aesthetic or cosmetic institutions. On the other hand, due to affordability, people are also expected to opt for OTC medications for home treatments.
North America is expected to dominate the global pigmentation disorder market owing to the rise in the number of medical cases related to skin pigmentation, the presence of world-class treatment facilities, high disposable income of the general population along with the existence of key market players in regions like the USA and Canada.
Asia-Pacific is expected to register a high CAGR during the forecast period because of the rising awareness amongst consumer groups regarding skin care. South Korea is a leading country with its skincare brands becoming international sensations in a short time due to their cutting-edge technology employed in skincare products.
Some well-known companies in the global pigmentation disorder market are Episciences, Inc., Bayer AG, La Roche-Posay, Alvogen, Inc., Obagi Medical Products Inc., Allergan, Inc., Pierre Fabre Laboratories, & SkinCeuticals International.
Recent Developments
Browse the full “Pigmentation Disorder Treatment Market By Treatment (Chemical Peels, Microdermabrasion, Topical Drugs, Phototherapy, Laser Therapy, Skin Grafting, Drugs, & Others), By End User (Dermatology Centers, Hospitals, & Aesthetic Clinics) And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022 – 2028.” Report at https://www.zionmarketresearch.com/report/hypopigmentation-disorder-treatment-market
The global pigmentation disorder treatment market is segmented as follows:
By Treatment
By End User
By Region
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