Vitiligo is a medical condition characterized by white patches on the skin and is also known as skin depigmentation. In skin depigmentation, the skin’s pigment-making cells known as melanocytes are lost or destroyed, which results in patches. The patches of affected skin appear white and usually have sharp margins. Although the disease can occur at any age, it is more observed in the mid-twenties. The disease does not affect the physical health of a person, however, it creates concerns regarding physical appearance and ethical identity of the person.
𝐓𝐨 𝐆𝐞𝐭 𝐦𝐨𝐫𝐞 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐚𝐭 –https://www.coherentmarketinsights.com/insight/request-sample/2447
𝐆𝐫𝐨𝐰𝐢𝐧𝐠 𝐩𝐫𝐞𝐯𝐚𝐥𝐞𝐧𝐜𝐞 𝐚𝐧𝐝 𝐢𝐧𝐜𝐢𝐝𝐞𝐧𝐜𝐞 𝐨𝐟 𝐯𝐢𝐭𝐢𝐥𝐢𝐠𝐨 𝐢𝐬 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐚𝐮𝐠𝐦𝐞𝐧𝐭 𝐭𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐯𝐢𝐭𝐢𝐥𝐢𝐠𝐨 𝐝𝐫𝐮𝐠𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐠𝐫𝐨𝐰𝐭𝐡
Vitiligo causes loss of skin color in spots and can affect the skin on any part of the body, hair, and the inside of the mouth. Treatment for vitiligo can restore the color to the affected spot on the skin. However, it cannot completely prevent skin discoloration. According to the American Academy of Dermatology, 2017, the prevalence of vitiligo is approximately 1% in the U.S. and Europe.
Vitiligo is listed among 24 skin diseases examined in the Burden of Skin Disease report commissioned by the American Academy of Dermatology. Moreover, according to reports published by the American Academy of Dermatology in 2017, over 150,000 patient was treated for vitiligo during 2013 in the U.S. According to a study published in the National Center for Biotechnology Information (NCBI), in October 2017, an estimated 0.5-1% of the global population was diagnosed with vitiligo. Furthermore, in the same year, approximately 8.8% of India’s population and 0.38% of Denmark’s population was diagnosed with vitiligo.
𝐓𝐨 𝐆𝐚𝐢𝐧 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞 𝐇𝐞𝐫𝐞 @ https://www.coherentmarketinsights.com/insight/request-pdf/2447
Therefore, the growing prevalence of vitiligo around the globe is expected to support the growth of the global vitiligo drug market over the forecast period.
However, the availability of advanced technologies and alternative therapies for vitiligo treatment is projected to restrain the growth of the vitiligo drug market during the forecast period. For instance, in October 2018, STRATA Skin Sciences, a manufacturer of innovative products for the treatment of skin conditions, announced the launch of XTRAC S3 308nm Laser at the American Society for Dermatologic Surgery Meeting. The XTRAC S3 308nm Laser is used for the treatment of skin disorders such as psoriasis and vitiligo. The XTRAC laser utilizes therapeutic UVB light for the treatment of affected skin areas without damaging surrounding healthy skin.
A growing number of funding grants to accelerate the development of effective treatment for vitiligo is projected to foster the market growth
The rising number of initiatives undertaken by government organizations to develop novel treatments for vitiligo is projected to augment market growth. For instance, in February 2019, American Skin Association (ASA) announced funding for 18 new grants for skin cancer and disease research. The ASA and its affiliates invested over US$ 50 Mn for the treatment of melanoma, psoriasis, and vitiligo. Moreover, various government organizations are also focused on offering funds to accelerate the development of effective treatment options for vitiligo, thereby augmenting the market growth. For instance, the Vitiligo Society in Europe funds research projects to establish the real causes of vitiligo as well as develop effective and safe treatments for patients. The Society also supports and closely monitors research initiatives and is supported by a Medical and Scientific Advisory Panel.
𝐅𝐨𝐫 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐨𝐫 𝐐𝐮𝐞𝐫𝐲 𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐛𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠, 𝐕𝐢𝐬𝐢𝐭 𝐚𝐭 –https://www.coherentmarketinsights.com/insight/talk-to-analyst/2447
𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬
Key players in the market are focused on adopting acquisition strategies to enhance their market share, which is expected to augment the market growth. For instance, in 2017, Aclaris Therapeutics, Inc. acquired Confluence Life Sciences, Inc., a company focused on the development of kinase inhibitors for the treatment of autoimmune disorders such as alopecia areata, vitiligo, and atopic dermatitis.
Major players operating in the global vitiligo drugs market include Dermavant Sciences, Inc., Incyte Corporation, Aclaris Therapeutics, Inc., Dr. Reddy’s Laboratories Ltd., Bristol – Myers Squibb, Pfizer, Inc., Clinuvel Pharmaceuticals Ltd., Applied Biology, Inc., and Boston Pharmaceuticals.
𝐓𝐨 𝐃𝐢𝐫𝐞𝐜𝐭 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐭𝐡𝐢𝐬 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 –https://www.coherentmarketinsights.com/insight/buy-now/2447
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