Warts Therapeutics Market
Overview and Scope
Wart’s therapeutics refers to medical drugs and medicines that exert therapeutic effects in treating the skin condition known as warts disease, caused by the human papillomavirus (HPV). Wart therapeutics are used to treat a wide range of wart diseases caused by the hands, face, and feet.
Sizing and Forecast
The warts therapeutics market size has grown steadily in recent years. It will grow from $1.91 billion in 2023 to $1.98 billion in 2024 at a compound annual growth rate (CAGR) of 4.0%. The growth in the historic period can be attributed to salicylic acid use, cryotherapy development, topical treatments evolution, surgical interventions, emergence of immunotherapy.
The warts therapeutics market size is expected to see steady growth in the next few years. It will grow to $2.29 billion in 2028 at a compound annual growth rate (CAGR) of 3.7%. The growth in the forecast period can be attributed to precision medicine for hpv, laser therapy innovations, combination therapies, digital health solutions, healthcare accessibility initiatives. Major trends in the forecast period include targeted antiviral therapies, gene editing research, biodegradable delivery systems, psychodermatology focus, v.
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Segmentation & Regional Insights
The warts therapeutics market covered in this report is segmented –
1) By Type: Common Warts, Genital Warts, Flat Warts, Other Types
2) By Treatment: Physical Destruction, Immunomodulation, Chemical Destruction
3) By End User: Hospitals, Homecare, Specialty Clinics, Other End Users
North America was the largest region in the warts therapeutics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the warts therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing focus on vaccinations for warts is expected to propel the growth of the wart’s therapeutics market going forward. Vaccination refers to the act of introducing a vaccine into the body to develop antibodies against infections and related diseases. Warts are caused by the human papillomavirus (HPV). The administration of a therapeutic or prophylactic vaccine against human papillomavirus (HPV) prevents the formation of warts. Thus, the increasing focus on vaccinations for warts is boosting the sales of the wart’s therapeutics market. For instance, in July 2023, according to the World Health Organization, a Switzerland-based international public health organization, in 2022, there was an improvement in the number of children who did not receive any vaccinations, commonly referred to as zero-dose children, decreasing from 18.1 million in 2021 to 14.3 million. Additionally, global coverage for the initial dose of the human papillomavirus (HPV) vaccine in girls increased from 16% in 2021 to 21% in 2022. Therefore, the increasing focus on vaccinations for warts is driving the growth of the wart therapeutics market.
Key Industry Players
Major companies operating in the warts therapeutics market report are Pfizer Inc., GlaxoSmithKline plc, Merck & Co. Inc., Verrica Pharmaceuticals Inc., Bausch Health Companies Inc., Dr. Reddy’s Laboratories Ltd, Cipla Inc., Prestige Consumer Healthcare Inc., Maruho Co. Ltd, Taro Pharmaceutical Industries Ltd, Aclaris Therapeutics Inc., Novan Inc, Scholl’s Wellness Co, Orgenesis, AIM ImmunoTech Inc, Nielsen BioSciences Inc, KinoPharma Inc., pHion Therapeutics, RXi Pharmaceuticals, Phio Pharmaceuticals Corp., MedCara Pharmaceuticals, Compound W, Duofilm, Curad Mediplast, Euro Vital Pharma GmbH, Koninklijke Utermöhlen NV
The warts therapeutics market report table of contents includes:
1. Executive Summary
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