The 7 major common warts markets reached a value of US$ 761.4 Million in 2023. Looking forward, IMARC Group expects the 7MM to reach US$ 1,056.6 Million by 2034, exhibiting a growth rate (CAGR) of 3.02% during 2024-2034.
Report Attribute
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Key Statistics
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---|---|
Base Year | 2023 |
Forecast Years | 2024-2034 |
Historical Years |
2018-2023
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Market Size in 2023
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US$ 761.4 Million |
Market Forecast in 2034
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US$ 1,056.6 Million |
Market Growth Rate 2024-2034
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3.02% |
The common warts market has been comprehensively analyzed in IMARC's new report titled "Common Warts Market: Epidemiology, Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2034". Common warts, also known as verruca vulgaris, are a type of skin growth resulting from an infection caused by the human papillomavirus (HPV). They typically manifest as small, round, or irregularly shaped bumps that can vary in color, ranging from flesh-colored to tan, gray, or yellowish. These warts commonly occur on the hands, fingers, and around the nails but can also appear on other parts of the body. While they are usually painless, they may cause mild itching, tenderness, or discomfort, particularly when located in areas subject to friction or pressure. The diagnosis of common warts is generally based on their distinctive appearance and characteristic symptoms. Healthcare professionals, such as dermatologists or general practitioners, can typically diagnose them through a visual examination of the skin. They may inspect the size, shape, texture, and location of the wart. In some cases, a healthcare provider may utilize a dermatoscope, a handheld device that magnifies the skin, to get a closer look at the wart. In rare instances where the diagnosis is uncertain or if there are atypical features, a skin biopsy may be performed to rule out other conditions.
The increasing incidences of direct contact with infected individuals through various activities, including sharing personal items like towels or razors and engaging in sexual acts, etc., are primarily driving the common warts market. Furthermore, the rising prevalence of several associated risk factors, such as weakened immune systems, skin conditions like eczema or skin abrasions, multiple sexual partners, etc., is creating a positive outlook for the market. Apart from this, the widespread adoption of immune checkpoint inhibitors and topical immune modulators for stimulating the body's immune system to target and eliminate the wart is also bolstering the market growth. Moreover, several key players are making extensive investments in R&D activities to introduce novel drug therapies that target specific molecular pathways involved in wart formation and persistence, aiming to inhibit viral replication and disrupt wart cell signaling. This, in turn, is acting as another significant growth-inducing factor. Additionally, the ongoing advancements in laser technology, such as the introduction of pulsed dye and erbium YAG lasers, which offer precise and targeted destruction of wart tissue while minimizing damage to surrounding healthy skin, are expected to drive the common warts market during the forecast period.
IMARC Group's new report provides an exhaustive analysis of the common warts market in the United States, EU5 (Germany, Spain, Italy, France, and United Kingdom) and Japan. This includes treatment practices, in-market, and pipeline drugs, share of individual therapies, market performance across the seven major markets, market performance of key companies and their drugs, etc. The report also provides the current and future patient pool across the seven major markets. According to the report the United States has the largest patient pool for common warts and also represents the largest market for its treatment. Furthermore, the current treatment practice/algorithm, market drivers, challenges, opportunities, reimbursement scenario and unmet medical needs, etc. have also been provided in the report. This report is a must-read for manufacturers, investors, business strategists, researchers, consultants, and all those who have any kind of stake or are planning to foray into the common warts market in any manner.
Time Period of the Study
Countries Covered
Analysis Covered Across Each Country
This report also provides a detailed analysis of the current common warts marketed drugs and late-stage pipeline drugs.
In-Market Drugs
Late-Stage Pipeline Drugs
Drugs | Company Name |
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Candin | Nielson Biosciences |
KNP2002 | Kino Pharma |
VP 102 | Verrica Pharmaceuticals |
VDMN 21 | Veradermics |
*Kindly note that the drugs in the above table only represent a partial list of marketed/pipeline drugs, and the complete list has been provided in the report.
Market Insights
Epidemiology Insights
Common Warts: Current Treatment Scenario, Marketed Drugs and Emerging Therapies