Hyperpigmentation Treatment Market Expected to Reach $10.5 Billion by 2032—Allied Market Research

According to a new report published by Allied Market Research, titled, “Hyperpigmentation Treatment Market," The hyperpigmentation treatment market size was valued at $5.1 billion in 2022, and is estimated to reach $10.5 billion by 2032, growing at a CAGR of 7.5% from 2023 to 2032. The topical agents segment dominated the market share in 2022, however the photo therapy segment is expected to register highest CAGR of 8.2% during the forecast period. In addition, North America was the largest shareholder in the hyperpigmentation treatment market in 2022 and Asia-Pacific is expected to register the highest CAGR of 9.9% during the forecast period.

Hyperpigmentation is a common dermatological condition characterized by the darkening of certain areas of the skin due to an excess production of melanin, the pigment responsible for skin color. This condition can be caused by various factors, including sun exposure, inflammation, hormonal changes, and skin injuries. Sun-induced hyperpigmentation, often referred to as sunspots or age spots, is particularly prevalent and occurs when ultraviolet (UV) rays stimulate melanocytes to produce more melanin. 

Factors that drive the growth of the hyperpigmentation treatment market size  include the influence of social media and celebrity endorsements and rise in demand for aesthetic procedures. In the era of digital connectivity, social media platforms have become powerful channels for disseminating beauty standards and skincare trends. For instance, according to a 2023 study by the National Library of Medicine, it was reported that social media was the main source of information regarding skin care products, for instance dermatologists on social media uses social media platforms to give information about the skincare products and their uses. Influencers and celebrities utilize these platforms to share their skincare routines, endorsing specific products and treatments, including those designed for hyperpigmentation. The reach and impact of these endorsements are substantial, as followers often look up to these social media influencers as beauty icons, seeking to emulate their flawless skin. Additionally, the visual nature of social media platforms allows for before-and-after pictures and testimonials, providing real-time evidence of the effectiveness of hyperpigmentation treatments. As a result, consumers are increasingly motivated to explore and invest in these treatments, driving the hyperpigmentation treatment market growth.

In addition, according to hyperpigmentation treatment market analysis rise in demand for aesthetic procedures is expected to drive the demand for the hyperpigmentation treatment market. In recent years, there has been a noticeable surge in individuals seeking aesthetic enhancements to achieve flawless skin and combat signs of aging or skin imperfections. This trend is primarily driven by evolving beauty standards, increasing social media influence, and a growing emphasis on self-care and personal grooming. As people aspire for smoother, more radiant skin, hyperpigmentation, characterized by uneven skin tone and dark spots, has become a point of focus for cosmetic intervention. Aesthetic procedures such as chemical peels, laser therapy, microdermabrasion, and intense pulsed light (IPL) treatments have gained popularity for their effectiveness in addressing hyperpigmentation concerns.

For instance, according to Candela Corporation, a leading medical aesthetic device company, it was reported that IPL (Intense Pulsed Light) uses pulses of light to penetrate the lower layers of skin and target melanin. The light is converted into heat, which destroys the pigment particles. These procedures offer patients non-invasive or minimally invasive solutions with relatively quick recovery times, making them attractive options for individuals seeking cosmetic enhancements. Thus, the rising demand for aesthetic procedures is expected to provide hyperpigmentation treatment market opportunity for growth. However, high cost of the medical lasers and Intense Pulsed Light devices is expected to restrain the growth of the market. 

The hyperpigmentation treatment industry is segmented on the basis of treatment type, disorder type, end user, and region. By treatment type, the market is classified into topical agent, photo therapy, and microdermabrasion. By disorder type, the market is divided into age spots, melasma, and others. By end user, it is segregated into hospitals, dermatological clinics, and others. Region-wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and rest of Asia-Pacific), LA (Brazil, Colombia, Argentina, and rest of LA), and MEA (GCC, South Africa, North Africa, and rest of MEA).

By treatment type, the market is classified into topical applications, photo therapy and microdermabrasion. The topical agent segment dominated the hyperpigmentation treatment market share in 2022. This is attributed to its cost effectiveness and easy availability of topical agents in pharmacies stores. However, photo therapy is expected to register highest CAGR during the forecast period, owing to growth in adoption of medical lasers for hyperpigmentation treatment.

By disorder type, the market is classified into age spot, melasma, and others. Melasma segment the dominated the market share in 2022 is expected to register the highest CAGR during the forecast period. This is attributed to high prevalence of melasma among the women due to hormonal changes and women. However, according to hyperpigmentation treatment market forecast analysis age spots segment is expected to register fastest growth, owing to high incidence of hyperpigmentation in geriatric population and high exposure to the sun.

By end user, it is segregated into hospitals, dermatological clinics, and others. The dermatological clinics segment dominated the market share in 2022. This is attributed to surge in the procedures such as medical laser treatment and chemical peel in the dermatological clinics. However,  according to hyperpigmentation treatment market trends analysis other segment is expected to register fastest growth in the forecasted period owing to high adoption of the home care photo therapy devices and microdermabrasion devices and growing consumer preference towards homecare products.

On the basis of region, North America accounted for largest share in hyperpigmentation treatment industry in 2022 and is expected to remain dominant during the forecast period, owing to well-established healthcare infrastructure and incidence of the hyperpigmentation.  However, Asia-Pacific is anticipated to witness notable growth, owing to diversity of the population, increase in beauty standards, and rise in demand for skin care products owing to social media marketing.

Key Findings of the Study   

• On the basis of treatment type, the topical applications segment dominated the hyperpigmentation treatment market share in terms of revenue in 2022. However, the photo therapy segment is expected to register the highest CAGR during the forecast period.
• On the basis of disorder type, the melasma segment dominated the market in terms of revenue in 2022. However, the other segment is expected to register the highest CAGR during the forecast period.
• On the basis of end user, the dermatological clinics segment dominated the market in terms of revenue in 2022. However, other segment is expected to register the fastest growth during the forecast period.
• On the basis of region, North America dominated the market in terms of revenue in 2022. However, Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.