The global hidradenitis suppurativa (HS) treatment market is expected to surpass an impressive valuation of US$ 763.6 million in 2023 and is projected to reach US$ 1,240.9 million by 2033, growing at a CAGR of 4.97%. Hidradenitis suppurativa market is currently having vast pipeline therapies targeting interleukins, including (i.e., IL-17, IL-1), anti-TNF, JAKi, and anti-complement factor. The upcoming therapies of hidradenitis suppurativa are anticipated to come with a patient-convenient route of administration and are also expected to increase the treatment duration which will boost the market.
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The growing prevalence of skin diseases is a major factor driving market expansion (UI). Also, secondary infection, obstruction of hair follicles, and inflammation of particular sweat glands all contribute to the growth of hidradenitis suppurativa. Another significant factor propelling growth of hidradenitis suppurativa market is the increasing healthcare expenditure which helps in enhacing its infrastructure. Furthermore, increasing initiatives by public and private organizations to spread awareness and increasing number of cases of obesity will expand the hidradenitis suppurativa market. Additionally, rising disposable income and changing lifestyle of people will result in the growth of hidradenitis suppurativa market. Along with this, growing geriatric population and increasing incidences of smoking will boost growth of the market.
Moreover, the market’s growth is fuelled by a rise in the number of research and development activities. This will provide lucrative opportunities for the hidradenitis suppurativa market growth. In the near future, technologically sophisticated treatments such as laser operations are anticipated to fuel hidradenitis suppurativa market growth. Furthermore, the hidradenitis suppurativa market is growing due to FDA approvals for medication delivery and clinical trials. Increasing drug approval rate and launches and growth in the number of emerging markets will further provide beneficial opportunities for the hidradenitis suppurativa market growth in the forecast period.
Key Takeaways from the Market Study
- North America is expected to dominate the market of hidradenitis suppurativa treatment with market valuation to reach USD 620.4 million by end of the forecast period.
- The market in East-Asia is anticipated to record fastest CAGR of 5.1% during the projected timeline.
- By treatment type, biologics segment is expected is to lead the market with 61.4% segment share by end of 2033.
- With market share of 65%, hospital pharmacy is expected to possess market hegemony by distribution channel, by end of the forecast period.
“Technologically sophisticated treatments like laser therapy and rapid drug approvals will fuel the market in forecast period”, comments an FMI analyst.
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Competitive Landscape
The global Hidradenitis suppurativa market is highly competitive due to presence of large number of players and innovative product offerings. In addition, business expansion activities through partnerships and agreements are factors expected to further increase the competition. Some recent developments in this industry are as follows:
- In June 2022, Priovant Therapeutics and Ongoing Registrational Studies for Oral Brepocitinib in Dermatomyositis and Lupus were announced by Roivant and Pfizer.
- In February 2021, AbbVie Inc., received FDA approval for HUMIRA (adalimumab), which can be used to treat moderate to severe hidradenitis suppurativa.
- In March 2022, MoonLake had started the Phase II trial of nanobody, sonelokimab for treating moderate-to-severe hidradenitis suppurativa (HS). Sonelokimab has the potential to treat inflammatory diseases by inhibiting the IL-17A/A, IL-17A/F, and IL-17F/F dimers that cause inflammation in the body.
Key Segments Profiled in the Hidradenitis Suppurativa (HS) Treatment Market Industry Survey
By Clinical Stages:
- Hurley Stage 1- Low
- Hurley Stage 2- Moderate
- Hurley Stage 3- High
By Treatment Type:
- Medication
- Biologics
- Antibiotics
- Hormonal Therapy
- Immune Suppurativa Drugs
- Zinc Supplements
- Pain Medications
- Surgery
By Route of Administration:
- Oral
- Tropical
By End Users:
- Hospitals
- Homecare
- Specialty Clinics
By Distribution Channel:
- Hospital Pharmacy
- Retail Pharmacy
- Online Pharmacy
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About the Healthcare Division at Future Market Insights
The healthcare team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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