Lichen Nitidus Treatment Market is Expected to Grow at a CAGR of 8.7% From 2017 To 2023

Lichen Nitidus Treatment Market

Market Research Future has a cooked research report on the global lichen nitidus treatment market. The global lichen nitidus treatment market is growing continuously and expected to grow at a CAGR of 8.7% from 2017 to 2023.

Lichen Nitidus Treatment Market Information: By Type (Topical, Oral), By Treatment (Corticosteroids, Retinoid, Antihistamines, Phototherapy, Others), By End Users (Hospitals, Dermatology Clinics, Others) – Global Forecast Till 2023

Market Scenario
Lichen nitidus is a rare, chronic skin disease characterized by flat-topped, and skin-colored micropapules. Characteristics of these micropapules are the size, shape (pin point), color, location and itching. It mostly affects geriatric and pediatric population. They commonly occur on the chest, abdomen, arms and genital areas, including the penis. In this disease, T lymphocytes get activated resulting in the formation of these micropapules. In lichen nitidus, linear arrangement of micropapules can be seen on the fore arm or affected area.

Increasing prevalence of skin diseases across the globe is the major factor contributing the growth of the market. Unawareness about rare skin diseases among people may act as a restrain for the market growth.

The global lichen nitidus treatment market is expected to grow at a CAGR of 8.7% during the forecast period and is estimated to reach USD 170 million by 2023.

Taste the market data and market information presented through more than 120 market data tables and figures spread over 200 pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Lichen nitidus treatment market research report–Global forecast till 2023.”

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Market Highlights
Prevalence of skin diseases is increasing across the globe. People are unaware of most of the rare skin diseases. The market for lichen nitidus treatment is driven by growing prevalence of this disease in both developed and developing countries. In many people, the disease is a manifestation of other skin diseases such as eczema, thus remaining undiagnosed. There has been an increase in the geriatric population suffering from skin disease, which remain untreated for a long period of time. The global lichen nitidus treatment market is expected to grow at a CAGR of 8.7% during the forecast period and is estimated to reach USD 170 million by 2023.

Major Players in Lichen nitidus treatment Market
Some of the key players in the global market are Pfizer Inc. (U.S), Novartis AG (Switzerland), Merck Sharp & Dohme Corp., a subsidiary of Merck & Co., Inc. (U.S), Sanofi (France), GlaxoSmithKline plc. (U.K), AstraZeneca (U.K), Hubei Gedian Humanwell Pharmaceutical Co.,Ltd (China), Farmabios SPA (Italy), Horizon Pharma plc. (Ireland).

Regional Analysis
The global lichen nitidus treatment market consists of four regions: the Americas, Europe, Asia Pacific, and the Middle East & Africa.

The Americas dominate the global lichen nitidus treatment market. It comprises of two regions namely North America and South America. North America is the largest market owing to rising prevalence of skin diseases in the American counties and increase in geriatric population suffering from skin diseases. According to the American Academy of Dermatology, 50% of Americans over the age of 65 have some form of skin disease.

In Europe, extensive demand of skin care and topical products to treat skin diseases drives the market growth.

Asia Pacific is the fastest growing and potential market for the lichen nitidus treatment owing to increase in the number of dermatology clinics and rising prevalence of lichen nitidus in the developing countries. Rising prevalence of eczema and tuberculosis, which act as risk factors for lichen nitidus also drive the growth of this market. The Middle East & Africa is expected witness steady growth due to rising demand for primary healthcare services such as diagnosis and medical devices.

Segmentation
The global lichen nitidus treatment market is segmented on the basis of types, which includes oral and topical treatment. On the basis of treatment, the market is segmented into corticosteroids, retinoid, antihistamines, phototherapy and other treatment. On the basis of end user, the market is segmented into hospitals, dermatology clinics, and others.

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The report on the global lichen nitidus treatment market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain deeper insight to the market and industry performance. The report gives a clear picture of the current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions

Brief TOC

1 Report Prologue

2 Market Introduction

2.1 Definition

2.2 Scope of the Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

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3 Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary research

3.4 Market Size Estimation

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