The 7 major hidradenitis suppurativa markets reached a value of US$ 1.4 Billion in 2023. Looking forward, IMARC Group expects the 7MM to reach US$ 3.9 Billion by 2034, exhibiting a growth rate (CAGR) of 9.79% during 2024-2034.
Report Attribute
|
Key Statistics
|
---|---|
Base Year | 2023 |
Forecast Years | 2024-2034 |
Historical Years |
2018-2023
|
Market Size in 2023
|
US$ 1.4 Billion
|
Market Forecast in 2034
|
US$ 3.9 Billion
|
Market Growth Rate 2024-2034
|
9.79%
|
The hidradenitis suppurativa market has been comprehensively analyzed in IMARC's new report titled "Hidradenitis Suppurativa Market: Epidemiology, Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2034". Hidradenitis suppurativa, also referred to as acne inversus, is a chronic, painful inflammatory skin condition that causes lumps to develop beneath the skin. These lumps generally form in areas where the skin rubs against itself, such as the groin, armpits, breasts, and buttocks. The condition tends to remain for an extended period and worsen over time, seriously affecting everyday life and emotional health. Individuals suffering from hidradenitis suppurativa may experience painful pea-sized lumps, leaking bumps or sores, blackheads, and tunnels under the skin. The other common symptoms include abscess, excessive sweating, body odor, itching, pimples, pus, swelling, etc. In severe cases, the disease can lead to significant discomfort, reduced mobility, and impaired quality of life. The diagnosis of this ailment is mainly based on medical history and the underlying symptoms. The healthcare professional may examine the affected skin region and sometimes test an infected part's sample. Additionally, various diagnostic procedures, such as ultrasound, magnetic resonance imaging (MRI), biopsy, etc., are further required to identify the extent of the disease.
The rising incidences of blocked hair follicles caused by several risk factors, including hormonal imbalances like polycystic ovarian syndrome, bacterial colonization, obesity, etc., are primarily driving the hidradenitis suppurativa market. Moreover, the increasing prevalence of genetic disorders that alter cell structure and cause immune dysfunction is further augmenting the market growth. Apart from this, the widespread adoption of antiandrogen therapy with spironolactone for treating the ailment, since it inhibits androgens from binding to androgen receptors and prevents cancer cells from growing, is acting as another growth-inducing factor. Furthermore, the inflating utilization of biologics, such as TNF-alpha inhibitors, which relieve disease symptoms by blocking the signaling pathway of a protein involved in the inflammatory process, is also bolstering the market growth. Additionally, several key players are making significant investments in developing imaging techniques that can help identify the extent and severity of the disease and can be particularly useful for assessing deep-seated lesions. This, in turn, is further creating a positive outlook for the market. Moreover, the escalating demand for advanced surgical procedures, such as cryoinsufflation, to effectively treat smaller lesions, especially those in areas where surgery may be difficult or for patients who cannot tolerate more invasive procedures, is also expected to bolster the hidradenitis suppurativa market in the coming years.
IMARC Group's new report provides an exhaustive analysis of the hidradenitis suppurativa 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 hidradenitis suppurativa 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 hidradenitis suppurativa 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 hidradenitis suppurativa marketed drugs and late-stage pipeline drugs.
In-Market Drugs
Late-Stage Pipeline Drugs
Drugs | Company Name |
---|---|
Humira (Adalimumab) | AbbVie/AstraZeneca |
Bermekimab | Janssen Biotech |
Lutikizumab | AbbVie |
Bimekizumab | UCB |
Secukinumab | Novartis |
Povorcitinib | Incyte Corporation |
*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
Hidradenitis Suppurativa: Current Treatment Scenario, Marketed Drugs and Emerging Therapies