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Melasma Treatment Market Segmented By Type such as Medication, Skin Peels, Laser and light treatment with Oral and Topical administration
Melasma is a pigmentary skin disorder. It involves hyperpigmentation which appears as brownish-grey macule or patches on the face and sometimes on the neck. Although the condition is asymptomatic and the main cause for melasma is not cleared.
The hormonal change, particularly due to pregnancy and birth control pills, are common triggers of melasma, and often referred to as the “mask of pregnancy”. For instance, according to research studies, melasma is more common in females than males.
COVID-19 pandemic had affected the global economy by minimizing the production of non-essential products that has resulted in a lack of medical devices.
Due to countrywide lockdown, halt on transportation, lack of workforce, and lack of raw materials and downfall in the global economy has significantly affected the global financial market. The reduced visits to the hospitals and dermatology clinics, postponement in elective surgeries due to economic downfall expects to hamper the melasma treatment market.
Rising prevalence of melasma and the vulnerable women population are the major factor propels the melisma treatment market growth during the forecast period. Increasing investment in R&D activities, growing innovations and the emerging new market is primarily driving the melasma treatment market growth.
For instance, In August 2016, Cynosure Inc. innovated an aesthetic laser treatment of melasma and body contouring laser treatment at Cynosure APAC Forum. The rise in the prevalence of skin disorders and easy access to the advanced technology propels the melasma treatment market globally.
Additionally, the competitive scenario of the market and strategic collaboration and acquisitions expects to fuel the melasma treatment market. However, low healthcare budget in some developing countries hampers the melasma treatment market growth.
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Globally the melasma treatment market is segmented based on type, route of administration, end-user, and the region.
Based on type, the melasma treatment market is segmented as:
Based on the route of administration, the melasma treatment market is segmented as:
Based on the end-user, the melasma treatment market is segmented as:
The laser and light treatment expects to hold the largest share and witness to dominate the melasma treatment market during the forecast period. The Q-switched laser treatment is the most widely preferred treatment owing to its effectiveness, safety and tolerability as compared to other treatments.
Additionally, the topical route gained more traction in the melasma treatment market owing to its bioavailability and fewer side effects as compared to the oral pills and exposure to ultraviolet rays. Based on application, the dermatology segment gains a large share in the melasma treatment market because of the rising cases of skin disorders.
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Get a Customized VersionNorth America continues to hold the highest market share due to the high adoption of advanced treatment and rising healthcare expenditure in the region. Europe's melasma treatment market is expected to gain significant traction with increasing investment in R&D activities and a growing interest in innovation.
Asia Pacific region anticipated witnessing the lucrative opportunity in the melasma treatment market out-turning the dermatological treatment due to a rise in technologies and increasing prevalence rate of melasma among the growing adults in the region. Latin America and the Middle East and Africa expect to grow during the forecast period due to rising prevalence of melasma in the brown skin population.
The key players contributing to the Melasma Treatment Market are
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.
It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, route of administration, and end-users.
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