The global wart remover market is expected to enjoy a valuation of USD 823.3 million in 2024 and further expand at a CAGR of 3.3% during the assessment period. By 2034, global wart remover sales are set to be valued at USD 1,142.4 million .
The market for wart removers accounted for a value share of about 38.6% of the overall USD 2.0 billion warts therapeutic market in 2023. This share will likely increase further amid rising awareness about warts and their treatments.
Demand in the market remains high for wart remover sprays owing to their benefits, such as ease of application and fast action. The target segment dominated the global wart remover industry, with a share of about 27.6% in 2023.
| Attributes | Key Insights |
|---|---|
| Base Value (2023) | USD 800.6 million |
| Estimated Wart Remover Market Value (2024) | USD 823.3 million |
| Projected Wart Remover Revenue (2034) | USD 1,142.4 million |
| Anticipated CAGR (2024 to 2034) | 3.3% |
| Market Share of Top 5 Countries | 37.0% |
There has been a spike in the cases of warts (non-cancerous skin growths) during the last several decades. These warts are brought on by viruses that belong to the family of human papillomaviruses (HPV). This rising prevalence has put the wart remover industry into the spotlight.
Wart removers are used to get rid of these warts. Salicylic acid is a wart-removal product that can be purchased over the counter in the form of a patch, ointment, pad, or liquid. Mostly, a 17% salicylic acid solution is used to treat common warts.
There are several varieties of warts that require different treatment approaches. Typically, common warts develop on the hands. Plantar warts can be seen on the bottoms of the feet. People generally use wart removal creams, patches, ointments, and sprays for these warts, thereby driving market growth.
Growing incidence of Condyloma, or genital warts, flat warts, and subungual and periungual warts is expected to play a key role in boosting sales of wart removers. Similarly, rising awareness about self-care and the availability of a wide range of products will foster market growth.
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Global sales of wart removers increased at a CAGR of 2.5% from 2019 to 2023. This sluggish growth was due to the impact of the COVID-19 pandemic. For the projection period, a steady CAGR of 3.3% has been predicted for the global wart remover market.
| Historical CAGR (2019 to 2023) | 2.5% |
|---|---|
| Forecast CAGR (2024 to 2034) | 3.3% |
The increasing prevalence of warts in children and teenagers is expected to boost the demand for wart removers globally. Warts are becoming more common in children and teenagers and require various treatment approaches as they are uncomfortable and inconvenient.
According to an article by the National Library of Medicine, warts impact about 10% of the population. Common warts were the most prevalent kind among students (49.0%), followed by plantar and plane warts (each at 24.1%), and genital warts were the least common (2.8%). Rising cases of these warts are expected to fuel sales of wart removers.
Growing awareness about aesthetic procedures and increasing technological advancements are expected to further boost the growth of the wart remover market in the forecast period. Key companies are investing in research and development activities to find new solutions for effective treatment of warts.
For instance, in August 2023, Verrica Pharmaceuticals announced that it is developing VP-103, its second cantharidin-based product candidate, to treat plantar warts. Hence, the development of novel, effective wart removers will facilitate market expansion.
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The rise in online sales provides a lucrative opportunistic outlook for the growth of the wart remover market globally. Consumers are shifting their preference toward purchasing wart removers online due to benefits like better convenience and availability of heavy discounts.
Rising health awareness among the people due to increasing government initiatives is set to boot the market for wart removers. People are becoming more aware of warts and their treatments. This will create growth opportunities for wart remover manufacturers through 2034
The cost-effectiveness of wart removers, including wart removal creams and sprays, is another prominent factor expected to stimulate market growth. Cryotherapy and different types of surgeries charge high costs, which cannot be affordable for all types of people. As a result, people often seek cost-effective methods like wart removers.
The use of peeling medicines such as salicylic acids is more cost-effective than alternative treatments to remove the wart. High adoption of these wart removal products due to cost-effectiveness and easy availability will foster the growth of the wart remover industry.
Moles, seborrheic keratosis, and skin tags are not currently the subjects of any prescription or over-the-counter (OTC) medications approved by the United States Food and Drug Administration. However, some possibly harmful goods are being sold with the promise of assisting in the removal of these lesions.
Salicylic acid or other potentially dangerous substances may be present in high concentrations in wart removers. Because of the high risks and potential side effects, people refrain from using specific wart removers, limiting market expansion.
The FDA has received reports of persons who used products promoted as mole or skin tag removers and then sustained persistent skin damage and infections. As a result, consumers are being warned to stay away from these products.
Usage of some wart removers can cause dangers, including skin injuries and infections that need antibiotics, scarring, and a delayed diagnosis & course of treatment for skin cancer. This will likely reduce demand for wart removers to a large extent during the assessment period.
The availability of alternative treatments like laser wart removal and cryotherapy for warts can also limit the growth of the wart remover market. Freezing, immunotherapy, and laser treatment are t other techniques used to treat the wart. Oral medication is also available to treat the infection of the HPV virus. The use of freezing techniques is more effective than the use of salicylic acid pads.
The section highlights the wart remover industry in prominent countries. With expected CAGRs of 11.6% and 3.2%, respectively, India and China are expected to remain leading consumers of wart removers.
| Countries | Expected CAGR (2024 to 2034) |
|---|---|
| United States | 2.5% |
| India | 11.6% |
| Germany | 2.8% |
| China | 3.2% |
| United Kingdom | 3.0% |
The United States wart remover market size reached USD 139.9 million in 2023. Over the forecast period, sales of wart removers in the United States are projected to surge at a sluggish CAGR of 2.5%.
The rising prevalence of genital warts is a prominent factor driving demand for wart removers in the United States. Similarly, the rising popularity of natural wart removers will facilitate the wart remover market growth.
According to the Centers for Disease Control and Prevention (CDC), about 1 out of 100 sexually active adults have genital warts in the United States. This is creating a high demand for wart removers, and the trend is expected to continue through 2034.
High awareness among people about skin conditions like warts and their treatments is another factor that will improve the United States wart remover market share. People in the United States are increasingly seeking treatments for warts. This, in turn, is expected to fuel wart remover sales.
Germany’s wart remover market is set to exhibit a CAGR of 2.8% throughout the assessment period. It attained a total valuation of USD 44.6 million at the end of 2023. Robust healthcare infrastructure and increasing awareness about hygiene among people are driving the growth of the wart remover market in Germany.
According to the World Health Organization (WHO), Germany is a global leader in public health, as seen by its health strategy & programs and the funding it offers to WHO. It is expected to remain a lucrative market for wart remover manufacturers owing to favorable government support and increased awareness about personal hygiene.
China’s wart remover market value totaled USD 57.5 million at the end of 2023. Over the assessment period, demand for wart removal products in China is anticipated to increase at a CAGR of 3.2%.
Several factors are expected to drive the growth of the wart remover market in China during the assessment period. These include rising cases of HPV infection in women, growing health awareness, and increasing popularity of over-the-counter wart treatments.
According to an article published by the National Library of Medicine, 19% of women in China were at high risk of HPV infection in 2022. As HPV infection is the main cause of warts on the body, a rise in its prevalence will eventually drive demand for wart removers.
The below section provides compelling insights into top segments and their respective values & shares in the wart remover market. This information can help companies to invest accordingly in specific products and find the most profitable distribution channels for their business and maximum sales.
| Product | Value CAGR |
|---|---|
| Patch Product | 3.3% |
| Ointment Product | 2.4% |
| Liquid Product | 3.0% |
| Spray Product | 3.6% |
| Others | 4.0% |
As per the latest wart remover market analysis, the spray products segment accounted for a value share of 27.6% in 2023. Over the forecast period, demand for wart remover sprays is projected to expand at a 3.6% CAGR. This is attributable to the multiple advantages of wart removal sprays.
Wart remover sprays are gaining immense popularity due to their attractive benefits like ease of application, fast action, and wide coverage area. They are easier to apply than other wart removal products or methods.
Another key advantage of wart remover sprays fueling their adoption is that they do not leave any residue on the skin. This is appealing to people who want to avoid staining their clothes.
Spray wart removers work more quickly and effectively. They can be easily and evenly applied to a large area, making them suitable for treating multiple warts simultaneously. Thanks to these advantages, spray wart removers will remain highly sought-after products.
| Distribution Channel | Value CAGR |
|---|---|
| Retail Pharmacies | 3.2% |
| Online Pharmacies | 2.8% |
| Hospital Pharmacies | 4.1% |
| Others | 3.4% |
Online pharmacies accounted for a prominent market share value of 33.2% in 2023. Over the projection period, the target segment will likely exhibit a CAGR of 2.8%. This is due to the ease of availability of wart removers in online pharmacies.
People prefer to purchase wart removers through online pharmacies due to convenience, availability of a wide range of products, and privacy. Online pharmacies also offer wart removal products at lower prices than other distribution channels.
With several competitors in the wart remover’s production sphere, the overall market is highly fragmented. To meet consumer demand and expand their customer base, Key companies are implementing strategies like new product launches., mergers, partnerships, and collaborations.
Recent Wart Remover Market Developments:
| Attribute | Details |
|---|---|
| Estimated Market Value (2024) | USD 823.3 million |
| Projected Market (2034) | USD 1,142.4 million |
| Expected CAGR (2024 to 2034) | 3.3% |
| Forecast Period | 2019 to 2023 |
| Historical Data Available for | 2024 to 2034 |
| Market Analysis | USD million for Value |
| Key Regions Covered | North America; Latin America; Europe; South Asia; East Asia; Oceania; Middle East & Africa |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Argentina, United Kingdom, Germany, Italy, Russia, Spain, France, BENELUX, India, Thailand, Indonesia, Malaysia, Japan, China, South Korea, Australia, New Zealand, Türkiye, GCC, and South Africa |
| Key Market Segments Covered | Product, Distribution Channel, and Region |
| Key Companies Profiled | Dr. Scholl`s; Compound W; Hemispherx Biopharma; Rite Aid; Medtech Laboratories; Medigene; Pronova Laboratories BV; Almirall; Cassiopea, Inc.; Wartner; Koninklijke Utermohlen NV; Bausch Health Companies Inc.; Nielsen BioSciences, Inc.; Euro Vital Pharma GmbH |
The global wart remover market size is estimated to reach USD 823.3 million in 2024.
Sales of wart removers are expected to surge with a CAGR of 3.3% through 2034.
The total market size is expected to reach USD 1,142.4 million by 2034.
The rising prevalence of HPV infection and the recurrence of warts are key trends.
The United States, Germany, India, China, and the United Kingdom.
Wart remover demand in Europe is set to surge with a CAGR of 3.0% through 2034.
The global wart remover industry expanded at a CAGR of 2.5% from 2019 to 2023.
Dr. Scholl`s, Compound W, Hemispherx Biopharma, Rite Aid, and Medtech Laboratories.
17% salicylic acid solution is considered best wart remover.
Salicylic acid solution and cryotherapy.
50% to 70% using salicylic acid, cryotherapy, and other novel treatments.
1. Executive Summary 2. Market Overview 3. Brand Mapping Analysis 4. Distribution Channel Wise Key Brand Positioning 5. Consumer Buying Behavior Analysis 6. Market Trends & Dynamics 7. Value Added Insights 8. Market Background 9. Global Demand Analysis 2019 to 2023 and Forecast, 2024 to 2034 10. Global - Pricing Analysis 11. Global Demand (in Value or Size in USD million) Analysis 2019 to 2023 and Forecast, 2024 to 2034 12. Global Analysis 2019 to 2023 and Forecast 2024 to 2034, By Product 12.1. Patch Product 12.2. Ointment Product 12.3. Liquid Product 12.4. Spray Product 12.5. Others 13. Global Analysis 2019 to 2023 and Forecast 2024 to 2034, By Distribution Channel 13.1. Online Pharmacies 13.2. Retail Pharmacies 13.3. Hospital Pharmacies 13.4. Others 14. Global Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 14.1. North America 14.2. Latin America 14.3. Europe 14.4. South Asia 14.5. East Asia 14.6. Oceania 14.7. Middle East & Africa 15. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034 16. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034 17. Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034 18. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034 19. South Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034 20. Oceania Market Analysis 2019 to 2023 and Forecast 2024 to 2034 21. Middle East & Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034 22. Market Structure Analysis 23. Competition Analysis 23.1. Dr. Scholl’s 23.2. Compound W 23.3. Hemispherx Biopharma 23.4. Rite Aid 23.5. Medtech Laboratories 23.6. Medigene 23.7. Pronova Laboratories BV 23.8. Almirall 23.9. Cassiopea, Inc 23.10. Wartner 23.11. Koninklijke Utermohlen NV 23.12. Bausch Health Companies Inc. 23.13. Nielsen BioSciences, Inc 23.14. Euro Vital Pharma GmbH 24. Assumptions and Acronyms Used 25. Research Methodology
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Wart Remover Market
