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The global market for chromhidrosis treatment is anticipated to witness a significant growth in the forecast period owing to factors like the increasing prevalence of benign chronic conditions. Increasing incomes and an ageing demographic are key contributors to this increased demand. The anti-ageing properties of injections of botulinum toxin type A are facilitating its entry into the medical industry. A rise in regulatory approvals for drugs in North America is expected to fuel the market growth. Some of the major players of the market include Ipsen Group and AbbVie Inc (NYSE: ABBV).
In 2018, according to the American Society of Plastic Surgeons, an estimation of 6,437,378 Botox type A injection procedures were undertaken in the United States. In July 2020, the United States Food and Drug Administration (FDA) approved a supplemental Biologics License Application (sBLA) that supports expanded use of BOTOX® for the treatment of spasticity in paediatric patients two years of age and older, including those with lower limb spasticity caused by cerebral palsy. Such developments are expected to support the market growth of chromhidrosis treatment.
Market Analysis by Disease Type, Treatment Type, Application, End Use, and Region:
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The major players in the global chromhidrosis treatment market are Meditox Co., Inc, Ipsen Group, and AbbVie Inc, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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