Vitiligo Treatment Market

Vitiligo Treatment Market Research, 2031

The global vitiligo treatment market size was valued at $410.5 million in 2021, and is projected to reach $625.8 million by 2031, growing at a CAGR of 4.3% from 2022 to 2031. Vitiligo is a disease that causes the loss of skin color in blotches. Vitiligo occurs when pigment-producing cells die or stop functioning. Loss of skin color can affect any part of the body, including the mouth, hair, hands, neck, and eyes. It is caused by the lack of a pigment called melanin in the skin. Melanin is a pigment produced by skin cells known as melanocytes, and it gives color to the skin.

In vitiligo, there are not enough working melanocytes to produce enough melanin in your skin. This causes white patches to develop on your skin or hair. Vitiligo does not have serious side-effects to patient’s health, however it can result in physical complications, such as eye problems, hearing problems, and sunburn. Furthermore, people with vitiligo also tend to be more likely to have another autoimmune disease such as thyroid problems and some types of anemia. There is no permanent cure for vitiligo and it is a lifelong condition. It is not contagious in nature. The treatment options may include topical and systemic corticosteroid, calcineurin inhibitors, and tricyclic antidepressants.

The impact of COVID-19 pandemic remained negative for vitiligo treatment market This is attributed to the decline in demand for the vitiligo treatment due to delay in the treatment as well as decrease in demand for corticosteroid during a pandemic.

The growth of global vitiligo treatment market size is majorly driven by rise in the number of people suffering from vitiligo. For instance, according to Global Vitiligo Foundation in 2021, approximately 70 million people across the globe have vitiligo among them 20-30% of patients are children. The rising need for new treatment options for vitiligo conditions, with a motive to gain regulatory approval for vitiligo treatment is expected to contribute towards the growth of the market.

Furthermore, market key players are focused on developing new vitiligo treatment options, to improve potency and outcomes of therapies in the affected population. In addition, increase in awareness about vitiligo conditions among developed and developing countries such as U.S., Germany, Japan, and India propel the growth of the market.

Increase in prevalence of non-segmental vitiligo is the key factor contribute towards the growth of the market. For instance, according to National Library of Medicine in 2020, non-segmental vitiligo is the most common type of vitiligo affecting 0.77% people across the globe.

In addition, increase in R&D activities for developing innovative therapies by key players such as Incyte Corporation, Pfizer Inc, Mylan N.V., and Astellas Pharma will provide opportunities for the market growth during the forecast period. Moreover, rise in healthcare expenditure also provides vitiligo treatment market opportunity for the growth of the market.

Furthermore, increase in awareness about treatments for vitiligo propels the demand for vitiligo therapies. However, high cost of treatments and side-effects associated with medications negatively impact the vitiligo treatment market growth. For instance, prolonged use of topical corticosteroids can cause burning and stinging sensation.

Moreover, the global market expansion is being fueled by factors, such as rise in patients seeking treatments for vitiligo conditions, and rise in healthcare expenditure in developing countries such as India and China. Moreover, increase in adoption of different strategies such as product launch, collaboration, and partnership among the key players in the field of vitiligo therapies propel the growth of the global vitiligo treatment market. For instance, Arcutis collaborated with Jiangsu Hengrui Medicine CO., Ltd. for an exclusive license to the active pharmaceutical ingredient in ARQ-252, a potent and highly selective inhibitor of janus kinase type 1 (JAK1), for all topical dermatological uses in the United States, Canada, Europe, and Japan.

Impact of COVID-19 on Market

The outbreak of COVID-19 has disrupted workflows in the health care sector around the world. Nearly all industries have been impacted by COVID-19 including vitiligo treatment industry. Coronavirus crises led to strictly follow the social distancing rules, and visit hospitals only for emergency need have resulted in a significant decline in demand for the vitiligo treatment. For instance, according to the Commonwealth Fund, it was estimated that there was nearly 60% initial decrease in overall outpatient visits by May 2020 due to COVID-19. This was expected to negatively affect the demand for vitiligo treatment for surgeries. The outbreak of COVID-19 impacted the market, as hospital and healthcare services were significantly reduced due to social distancing measures taken by governments to stop COVID-19 spread.

The overall impact of COVID-19 pandemic remained negative for key players in the vitiligo treatment industry. For instance, according to National Library of Medicine corticosteroid demand has significantly decreased during the COVID-19 pandemic. The routine treatments are delayed to some extent during the pandemic as seeking treatments from hospitals was at risk of infection. However, the market is anticipated to witness recovery in 2021 and beyond, and show stable growth for vitiligo treatments in the coming future.

VITILIGO TREATMENT MARKET SEGMENTATION

The vitiligo treatment market is segmented on the basis of drug class type, type, distribution channel, and region. By drug class type, it is fragmented into corticosteroids, calcineurin inhibitor, and others. By type, it is divided into segmental and non-segmental. By distribution channel, it is segregated into hospital pharmacies, drug stores and retail pharmacies, and online providers. Region-wise, the market is studies across North America, Europe, Asia-Pacific, and LAMEA.

Segment Review

By drug class type, the corticosteroid segment has highest vitiligo treatment market share in 2021, due to various advantages of corticosteroids such as anti-inflammatory property, slow the progression of vitiligo, and dermatologist prescribe the corticosteroids as first line therapy. In addition, it is the fastest growing segment in between 2022-2031, due to rise in patients seeking treatment for vitiligo. 

By type, the non-segmental segment dominated the market in terms of revenue in 2021 and is expected to continue this trend during the forecast period, due to rise in patients diagnosed with the non-segmental vitiligo. In addition, it is the fastest growing segment in between 2022-2031, due to increase in awareness about the symptoms and causes of vitiligo condition.

By distribution channel, the drug stores and retail pharmacies segment dominated the market in terms of revenue in 2021, due to increase in prescription drug sell and shift of patient preference to buy medicine from the retail pharmacy stores. On the other hand, online providers segment expected to witness a considerable growth from 2022 to 2031, due to rise in E-Pharmacy websites, most convenient way to buy medicine, and huge discounts offered by the online medicine providers.

The North America market acquired largest vitiligo treatment market share in 2021, due to well established healthcare infrastructure, availability of advanced therapies and strong presence of key players in this region. On the other hand, Asia-Pacific expected to witness a considerable growth from 2022 to 2031, due to rise in healthcare expenditure, high patient pool among China and India, and rise in research and development activities in pharmaceutical sector.

Some of the major companies that operate in the global vitiligo treatment market include, Arcutis Biotherapeutics, Astellas Pharma Inc., Bausch Health Companies Inc. (Bausch+Lomb Inc.), Bristol-Mayers Squibb (Celegen), Dermavant Science Inc., Dr. Reddy’s Laboratories Ltd, Incyte Corporation, Merck kGaA, Pfizer Inc., Viatirs Inc. (Mylan N.V.).

Key Benefits For Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the vitiligo treatment market analysis from 2021 to 2031 to identify the prevailing vitiligo treatment market opportunities.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the vitiligo treatment market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global vitiligo treatment market trends, key players, market segments, application areas, and market growth strategies.

 Vitiligo Treatment Market Report Highlights