According to Future Market Insights (FMI) analysis in a recent market survey, the global axillary hyperhidrosis treatment market was valued at USD 1.6 Billion in 2022 and is expected to reach USD 3.3 Billion by 2033.
Market Outlook:
Data Points | Market Insights |
---|---|
Market Value 2022 | USD 1.6 Billion |
Market Value 2023 | USD 1.8 Billion |
Market Value 2033 | USD 3.3 Billion |
CAGR 2023 to 2033 | 6.7% |
Share of Top 5 Countries | 53.6% |
Key Players | The key players in the axillary hyperhidrosis treatment market are Allergan plc. (AbbVie); Journey Medical Corporation (Dermira, Inc.); Riemann A/S (Orkla); SweatBlock; Certain Dri; miraDry; Inc. (Sientra); STRATUS PHARMACEUTICALS INC; Duradry; Pers?n & Covey; GlaxoSmithKline Plc.; Carpe; SweatStop® International; CORAD Healthcare; ZeroSweat |
Anti-sweat injections are nowadays considered to be the best option for treating axillary hyperhidrosis as these don't require any incisions.
Doctors are now employing Botox as a successful alternative to treat hyperhidrosis for individuals who want long-lasting results or for whom conventional antiperspirants are ineffective. The FDA has licensed Botox for the treatment of axillary hyperhidrosis in individuals who frequently perspire.
Medicated wipes and gels are also effective substitutes. These products contain active ingredients such as aluminum chloride or aluminum zirconium tetrachlorohydrex glycine, which work by blocking sweat ducts and reducing the amount of sweat produced.
One advantage of medicated wipes and gels is that they are non-invasive and do not require any medical procedures. However, another advantage is that they can be more effective than other traditional treatment options. Medicated wipes and gels contain higher concentrations of active ingredients, which can provide longer-lasting and more reliable results.
Overall, the increasing use of medicated wipes and gels in the treatment of hyperhidrosis is likely due to their convenience, efficacy, and safety, which will boost the market in the coming years.
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Sales of the axillary hyperhidrosis treatment market grew at a CAGR of 7.2% between 2017 to 2022. Axillary hyperhidrosis treatment market contributes 5.1% revenue share to the global dermatology therapeutics market in 2022.
The increasing availability of over-the-counter and labelled medications for the treatment of axillary hyperhidrosis will further result in higher uptake of various treatment options such as antiperspirants, thus leading to market expansion. Because of their easy availability and affordability, antiperspirants are typically the first form of treatment recommended by a dermatologist worldwide for axillary hyperhidrosis.
With the advancement of therapies such as iontophoresis and antiperspirants, axillary hyperhidrosis can now be treated more successfully than in the past. For the treatment of hyperhidrosis, more recent treatment options like miraDry, Botox injections, and lasers have significantly increased patient satisfaction and emerged as effective treatment options for axillary hyperhidrosis, which has led to the higher adoption of such products and therapies in the global market.
Prevalence of diabetes and obesity increases the chances of secondary hyperhidrosis in patients. Diabetes can lead to nerve damage that can affect the body's ability to regulate sweating. Menopause can also lead to hormonal changes that affect sweating. Obesity can lead to excessive sweating due to increased body mass and associated heat production.
Considering this, FMI expects the global axillary hyperhidrosis treatment market to grow at a CAGR of 6.7% through the forecasted years.
There is a lack of awareness regarding axillary hyperhidrosis, which is excessive sweating in the armpits Many people who suffer from this condition may not realize that it is a medical condition that can be treated. They may be embarrassed to talk about it, or believe it is just a normal reaction of their body to heat or stress.
As a result, many people with axillary hyperhidrosis do not seek treatment, which can lead to social isolation, anxiety, and low self-esteem. Secondly, healthcare providers may not recognize the condition or may not know how to effectively treat it.
Healthcare professionals are also experimenting with various combination therapies/treatments and seeing positive results in their patients, especially with oral medications. Oral medications are generally not a viable, long-term, sole option due to their side effects. Instead, other treatments can be combined with them to achieve the best results, and new formulations can make them easier for more patients.
Increased testing of combination therapies in patients will pave the way for new drug discoveries and treatment options, ultimately leading to the introduction of new products into the market.
Many people suffering from axillary hyperhidrosis are not aware that there are treatments available for their condition. This lack of awareness could result in fewer patients seeking treatment, thereby limiting the growth of the market.
Some of the treatments for axillary hyperhidrosis, such as antiperspirants and botox injections, may have side effects that could discourage patients to seek treatment and pursue alternative therapies, such as herbal remedies or acupuncture, instead of conventional medical treatments, which could limit the growth of the market for conventional treatments.
The potential side effects of antiperspirants and Botox injections may deter some patients from using these treatments, and could limit their uptake.
These factors are expected to hamper revenue growth of the axillary hyperhidrosis treatment market over the forecast period.
The USA axillary hyperhidrosis treatment market is expected to register a CAGR of 5.0% during the forecast period.
The high prevalence of primary and secondary hyperhidrosis in the United States will accelerate the acceptance of various treatment alternatives.
Due to the high prevalence, more treatments, including over-the-counter products such as antiperspirants and wipes, will experience a high adoption rate among patients. The demand for axillary hyperhidrosis treatment will increase due to high prevalence, which will drive the expansion of the market.
Germany dominated the European market for axillary hyperhidrosis treatment and accounted for around 22.2% of the market share in 2022.
Over the years, miraDry has completely overshadowed these invasive procedures owing to its non-invasive nature while providing the treatment.
Since 2014, Munich’s German Hyperhidrosis Center (DHHZ) has been offering this treatment and is the first miraDry treatment facility certified in Germany and Europe. Since 2015, miraDry has also been further developed and improved for the treatment of excessive sweating in the groin, buttocks, and trunk.
The safe and successful use of miraDry treatments in Germany will influence other European countries to also opt for this treatment method, ultimately expanding the overall market.
China is projected to be the most attractive market in the axillary hyperhidrosis treatment, and is expected to grow over a significant CAGR of 8.3%.
The axillary hyperhidrosis treatment market in China is expected to grow significantly in the coming years due to several factors.
One of the main factors driving the growth of the axillary hyperhidrosis treatment market in China is the increasing awareness of the condition among the general public and healthcare professionals. As more people become aware of the condition, they are more likely to seek treatment, which is leading to increased demand for treatments for axillary hyperhidrosis.
Another factor contributing to the growth of the axillary hyperhidrosis treatment market in China is the increasing availability of advanced medical technologies and treatments.
China has made significant investments in its healthcare infrastructure, and many new hospitals and clinics have been built in recent years. This has allowed for the introduction of advanced treatments such as botox injections and surgery, which were not widely available in the past.
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The drug therapy segment held the major chunk of about 62.7% in global market by the end of 2022.
Drug therapy is a non-invasive treatment option that does not require any surgical procedures or injections. This makes it a less risky and more comfortable option for patients who may be apprehensive about more invasive treatments.
Certain medications, such as antiperspirants and oral anticholinergic drugs, have been shown to be effective in reducing excessive sweating in patients with axillary hyperhidrosis. These medications can be effective in reducing sweat production with minimal side effects. This makes it a safer and more tolerable option for patients who may be concerned about potential side effects.
Overall, drug therapy is a widely adopted treatment option for axillary hyperhidrosis due to its non-invasive nature, efficacy, accessibility, cost-effectiveness, and minimal side effects.
The retail pharmacy segment accounted for revenue share of 34.2% in the global market at the end of 2022.
Retail pharmacies offer convenient access to treatment options, with many providing over-the-counter and prescription medications for a range of conditions, including axillary hyperhidrosis. Patients can typically purchase these treatments without an appointment, making it more convenient for them to manage their condition.
Overall, retail pharmacy offers a convenient and accessible distribution channel for axillary hyperhidrosis treating products, making it the largest channel for these treatments.
Key players in the market are focused on increase their product portfolio to strengthen their position in the axillary hyperhidrosis treatment market, and also to expand their footprint in emerging markets. The key strategy adopted by manufacturers to gain competitive edge in the market are the pricing strategies, market strategies, technological advancements, regulatory compliance and acquisition & distribution agreement of other companies to expand their business.
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Similarly, recent developments have been tracked by the team at Future Market Insights related to companies in the axillary hyperhidrosis treatment market space, which are available in the full report
Attribute | Details |
---|---|
Forecast Period | 2023 to 2033 |
Historical Data Available for | 2017 to 2022 |
Market Analysis | USD Million for Value |
Key Regions Covered | North America; Latin America; Europe; South Asia; East Asia; Oceania; Middle East and Africa (MEA) |
Key Countries Covered | USA, Canada, Brazil, Mexico, Argentina, Germany, United kingdom, France, Italy, Spain, Russia, BENELUX, Nordics, China, Japan, South Korea, India, Thailand, Indonesia, Malaysia, Australia, New Zealand, Türkiye, South Africa, North Africa and GCC Countries |
Key Segments Covered | Treatment, Distribution Channel, and Region |
Key Companies Profiled | Allergan plc. (AbbVie); Journey Medical Corporation (Dermira, Inc.); Riemann A/S (Orkla); SweatBlock; Certain Dri; miraDry, Inc. (Sientra); STRATUS PHARMACEUTICALS INC; Duradry; Persn & Covey; GlaxoSmithKline Plc.; Carpe; SweatStop® International; CORAD Healthcare; ZeroSweat |
Report Coverage | Market Forecast, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, Strategic Growth Initiatives |
Customization & Pricing | Available upon Request |
The global market might create a revenue of around USD 1.8 billion in 2023.
Adoption of such treatments in the United States may increase at 5% CAGR through 2033.
Germany dominates the region and accounted for 22.2% market share in 2022.
Drug therapy segment held 62.7% of the global market in 2022.
Retail pharmacies achieved 34.2% of the global sales in 2022.
1. Executive Summary | Axillary Hyperhidrosis Treatment Market 2. Market Overview 3. Key Market Trends 4. Value Added Insights 5. Market Background 6. Global Market Demand (in Value or Size in USD Million) Analysis 2017 to 2022 and Forecast, 2023 to 2033 7. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Treatment 7.1. Drug Therapy 7.1.1. Antiperspirants (Both OTC & Rx) 7.1.1.1. Antiperspirants Spray 7.1.1.2. Antiperspirants Roll-On 7.1.1.3. Antiperspirants Wipes 7.1.1.4. Antiperspirants Lotion & Gel 7.1.2. Antihypertensive Drugs 7.1.3. Anticholinergic Agents 7.1.4. Alpha-Adrenergic Agonists 7.2. Botulinum Toxins 7.3. Medicated Wipes 7.4. Microwave Therapy 8. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Distribution Channel 8.1. Hospitals 8.2. General Physician’s Clinics 8.3. Retail Pharmacy Chains 8.4. Drug Stores 8.4.1. Online Sales 8.4.2. Manufacturer websites 9. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Region 9.1. North America 9.2. Latin America 9.3. Europe 9.4. South Asia 9.5. East Asia 9.6. Oceania 9.7. Middle East & Africa 10. North America Market Analysis 2017 to 2022 and Forecast 2023 to 2033 11. Latin America Market Analysis 2017 to 2022 and Forecast 2023 to 2033 12. Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2033 13. East Asia Market Analysis 2017 to 2022 and Forecast 2023 to 2033 14. South Asia Market Analysis 2017 to 2022 and Forecast 2023 to 2033 15. Oceania Market Analysis 2017 to 2022 and Forecast 2023 to 2033 16. Middle East and Africa Market Analysis 2017 to 2022 and Forecast 2023 to 2033 17. Market Structure Analysis 18. Competition Analysis 18.1. Allergan plc. (AbbVie) 18.2. Journey Medical Corporation (Dermira, Inc.) 18.3. Riemann A/S (Orkla) 18.4. SweatBlock 18.5. Certain Dri 18.6. miraDry, Inc. (Sientra) 18.7. STRATUS PHARMACEUTICALS INC 18.8. Duradry 18.9. Persōn & Covey 18.10. GlaxoSmithKline Plc. 18.11. Carpe 18.12. SweatStop® International 18.13. CORAD Healthcare 18.14. ZeroSweat 19. Assumptions and Acronyms Used 20. Research Methodology
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