The hidradenitis suppurativa market size has grown strongly in recent years. It will grow from $1.06 billion in 2023 to $1.15 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth observed in the historic period can be attributed to heightened awareness leading to increased diagnosis, limited treatment options, advancements in dermatology, a rise in the prevalence of the disease, and initiatives from patient advocacy groups.
The hidradenitis suppurativa market size is expected to see strong growth in the next few years. It will grow to $1.5 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth anticipated in the forecast period can be attributed to the development of biologic therapies, precision medicine approaches, the expansion of clinical trials, global initiatives, funding in healthcare, and support from healthcare policies. Major trends expected in the forecast period include the advancement of immunomodulatory therapies, the integration of telemedicine and remote monitoring, a shift towards patient-centric care, the adoption of minimally invasive surgical interventions, and the implementation of personalized lifestyle recommendations.
The escalating prevalence of skin diseases is steering the expansion of the hidradenitis suppurativa market moving forward. Skin diseases encompass a broad spectrum of skin-related issues, spanning bacterial, viral, and fungal infections, allergic reactions, skin malignancies, and parasitic conditions. Hidradenitis suppurativa (HS), characterized by chronic and severe skin disorder, is driving the emergence of new products and services for its management. Factors such as heightened awareness, improved diagnostic accuracy, a growing patient pool, and advancements in research contribute to this trend. For example, as reported by the American Cancer Society Inc. in January 2022, skin cancer cases surged to an estimated 106,110 in 2021, marking a 5.8% increase from 2020's 100,350 cases. Consequently, the upsurge in skin disease prevalence propels the growth trajectory of the hidradenitis suppurativa market.
The upswing in healthcare expenditure serves as a catalyst for the expansion of the hidradenitis suppurativa market in the future. Healthcare expenditure encompasses all costs associated with providing health services, including aspects such as family planning, nutrition, and emergency assistance with a primary focus on health. Increased healthcare spending facilitates the establishment of comprehensive patient support programs, fostering improved management of hidradenitis suppurativa and positively impacting the quality of care and research in this domain. For instance, according to the 2021–2030 National Health Expenditure (NHE) report by the Centers for Medicare & Medicaid Services in March 2022, national health spending is anticipated to rise by an average of 5.1% annually between 2021 and 2030, projected to reach around $6.8 trillion by 2030. Consequently, the escalation in healthcare expenditure fuels the growth trajectory of the hidradenitis suppurativa market.
The increasing adoption of biologics stands as a prominent trend within the hidradenitis suppurativa market. Leading companies in this sector are heavily investing in research and development endeavors, resulting in the approval of biologic therapies specifically designed for managing hidradenitis suppurativa, thereby solidifying their market position. For example, in June 2023, Novartis AG, a Switzerland-based pharmaceutical company, received approval from the European regulatory authority for Cosentyx, a groundbreaking biologic therapy targeting hidradenitis suppurativa. Cosentyx represents a fully human biologic that effectively inhibits interleukin-17A, a pivotal cytokine associated with the disease. Having undergone clinical research for over 14 years, Cosentyx has established itself as a well-researched medication catering to hidradenitis suppurativa.
Strategic partnerships emerge as a significant trend gaining traction within the hidradenitis suppurativa market. Key industry players are proactively forging strategic alliances to fortify their market positions. For instance, in June 2023, Novartis, a Switzerland-based pharmaceutical company, entered into a partnership with the Emirates Dermatology Society (EDS), based in the UAE, aimed at advancing Hidradenitis Suppurativa awareness within the UAE region. The collaboration's objectives extend to providing crucial insights that aid healthcare providers and policymakers in supporting individuals grappling with this debilitating disease. Novartis and EDS are slated to establish scientific and educational platforms targeting dermatologists and patients within the UAE, fostering awareness and understanding. Furthermore, both organizations are committed to leveraging Real World Evidence (RWE) to capture and generate localized data on hidradenitis suppurativa.
In October 2022, Amgen Inc., a leading biopharmaceutical company based in the United States, successfully acquired ChemoCentryx Inc. for a substantial amount of $3.7 billion. This strategic acquisition allows Amgen to strengthen its market position by incorporating ChemoCentryx's product, TAVNEOS, into its diverse portfolio. TAVNEOS, an FDA-approved complement 5a receptor inhibitor with gastrointestinal restriction, holds significant potential as a complementary therapy for individuals affected by hidradenitis suppurativa. ChemoCentryx Inc. specializes in the development of pharmaceuticals targeting autoimmune and oncology diseases, including conditions such as hidradenitis suppurativa.
Major companies operating in the hidradenitis suppurativa market report are Pfizer Inc., Johnson & Johnson, AbbVie Inc., Novartis AG, Bristol-Myers Squibb Company, AstraZeneca PLC, Abbott Laboratories, Eli Lilly and Co Ltd., Amgen Inc., Boehringer Ingelheim International GmbH, UCB S.A., Incyte Corporation, Kyowa Kirin Co. Ltd., Leo Pharma A/S, Almirall S.A., Galapagos NV, Genentech Inc., Tolmar Inc., Alvotech Holdings S.A., Aclaris Therapeutics Inc., Kymera Therapeutics Inc., Acelyrin Inc., AnaptysBio Inc., XBiotech Inc., Arcutis Biotherapeutics Inc., InflaRx N.V., VYNE Therapeutics Inc., Arena Pharmaceuticals Inc., MoonLake Immunotherapeutics AG, Zynerba Pharmaceuticals Inc.
North America was the largest region in the hidradenitis suppurativa market in 2023. The regions covered in the hidradenitis suppurativa market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the hidradenitis suppurativa market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
Various skin conditions associated with hidradenitis suppurativa include folliculitis, pimples, boils, and deep acne. Folliculitis, a common skin condition, arises when hair follicles become inflamed or infected. Treatments for folliculitis encompass creams, pills, and procedures such as laser hair removal. The products utilized for hidradenitis suppurativa treatment include tablets and intravenous (IV) injections, administered through oral and parenteral routes. Treatment modalities involve medications, surgical interventions, photodynamic therapy (PDT), laser treatment, among others. End-users of these treatments include hospitals, specialty clinics, homecare settings, and others.
The hidradenitis suppurativa (HS) research report is one of a series of new reports that provides hidradenitis suppurativa (HS) market statistics, including the hidradenitis suppurativa (HS) industry's global market size, regional shares, competitors with an hidradenitis suppurativa (HS) market share, detailed hidradenitis suppurativa (HS) market segments, market trends and opportunities, and any further data you may need to thrive in the hidradenitis suppurativa (HS) industry. This hidradenitis suppurativa (HS) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The hidradenitis suppurativa (HS) market consists of revenues earned by entities providing treatment to axillary-mammary-inguinal hidradenitis suppurativa, follicular hidradenitis suppurativa, gluteal hidradenitis suppurativa, and syndromic hidradenitis suppurativa. The market value includes the value of related goods sold by the service provider or included within the service offering. The hidradenitis suppurativa (HS) market also includes sales of surgery biologics, antibiotics, immunosuppressive drugs, zinc supplements, and retinoids. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The hidradenitis suppurativa market size is expected to see strong growth in the next few years. It will grow to $1.5 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth anticipated in the forecast period can be attributed to the development of biologic therapies, precision medicine approaches, the expansion of clinical trials, global initiatives, funding in healthcare, and support from healthcare policies. Major trends expected in the forecast period include the advancement of immunomodulatory therapies, the integration of telemedicine and remote monitoring, a shift towards patient-centric care, the adoption of minimally invasive surgical interventions, and the implementation of personalized lifestyle recommendations.
The escalating prevalence of skin diseases is steering the expansion of the hidradenitis suppurativa market moving forward. Skin diseases encompass a broad spectrum of skin-related issues, spanning bacterial, viral, and fungal infections, allergic reactions, skin malignancies, and parasitic conditions. Hidradenitis suppurativa (HS), characterized by chronic and severe skin disorder, is driving the emergence of new products and services for its management. Factors such as heightened awareness, improved diagnostic accuracy, a growing patient pool, and advancements in research contribute to this trend. For example, as reported by the American Cancer Society Inc. in January 2022, skin cancer cases surged to an estimated 106,110 in 2021, marking a 5.8% increase from 2020's 100,350 cases. Consequently, the upsurge in skin disease prevalence propels the growth trajectory of the hidradenitis suppurativa market.
The upswing in healthcare expenditure serves as a catalyst for the expansion of the hidradenitis suppurativa market in the future. Healthcare expenditure encompasses all costs associated with providing health services, including aspects such as family planning, nutrition, and emergency assistance with a primary focus on health. Increased healthcare spending facilitates the establishment of comprehensive patient support programs, fostering improved management of hidradenitis suppurativa and positively impacting the quality of care and research in this domain. For instance, according to the 2021–2030 National Health Expenditure (NHE) report by the Centers for Medicare & Medicaid Services in March 2022, national health spending is anticipated to rise by an average of 5.1% annually between 2021 and 2030, projected to reach around $6.8 trillion by 2030. Consequently, the escalation in healthcare expenditure fuels the growth trajectory of the hidradenitis suppurativa market.
The increasing adoption of biologics stands as a prominent trend within the hidradenitis suppurativa market. Leading companies in this sector are heavily investing in research and development endeavors, resulting in the approval of biologic therapies specifically designed for managing hidradenitis suppurativa, thereby solidifying their market position. For example, in June 2023, Novartis AG, a Switzerland-based pharmaceutical company, received approval from the European regulatory authority for Cosentyx, a groundbreaking biologic therapy targeting hidradenitis suppurativa. Cosentyx represents a fully human biologic that effectively inhibits interleukin-17A, a pivotal cytokine associated with the disease. Having undergone clinical research for over 14 years, Cosentyx has established itself as a well-researched medication catering to hidradenitis suppurativa.
Strategic partnerships emerge as a significant trend gaining traction within the hidradenitis suppurativa market. Key industry players are proactively forging strategic alliances to fortify their market positions. For instance, in June 2023, Novartis, a Switzerland-based pharmaceutical company, entered into a partnership with the Emirates Dermatology Society (EDS), based in the UAE, aimed at advancing Hidradenitis Suppurativa awareness within the UAE region. The collaboration's objectives extend to providing crucial insights that aid healthcare providers and policymakers in supporting individuals grappling with this debilitating disease. Novartis and EDS are slated to establish scientific and educational platforms targeting dermatologists and patients within the UAE, fostering awareness and understanding. Furthermore, both organizations are committed to leveraging Real World Evidence (RWE) to capture and generate localized data on hidradenitis suppurativa.
In October 2022, Amgen Inc., a leading biopharmaceutical company based in the United States, successfully acquired ChemoCentryx Inc. for a substantial amount of $3.7 billion. This strategic acquisition allows Amgen to strengthen its market position by incorporating ChemoCentryx's product, TAVNEOS, into its diverse portfolio. TAVNEOS, an FDA-approved complement 5a receptor inhibitor with gastrointestinal restriction, holds significant potential as a complementary therapy for individuals affected by hidradenitis suppurativa. ChemoCentryx Inc. specializes in the development of pharmaceuticals targeting autoimmune and oncology diseases, including conditions such as hidradenitis suppurativa.
Major companies operating in the hidradenitis suppurativa market report are Pfizer Inc., Johnson & Johnson, AbbVie Inc., Novartis AG, Bristol-Myers Squibb Company, AstraZeneca PLC, Abbott Laboratories, Eli Lilly and Co Ltd., Amgen Inc., Boehringer Ingelheim International GmbH, UCB S.A., Incyte Corporation, Kyowa Kirin Co. Ltd., Leo Pharma A/S, Almirall S.A., Galapagos NV, Genentech Inc., Tolmar Inc., Alvotech Holdings S.A., Aclaris Therapeutics Inc., Kymera Therapeutics Inc., Acelyrin Inc., AnaptysBio Inc., XBiotech Inc., Arcutis Biotherapeutics Inc., InflaRx N.V., VYNE Therapeutics Inc., Arena Pharmaceuticals Inc., MoonLake Immunotherapeutics AG, Zynerba Pharmaceuticals Inc.
North America was the largest region in the hidradenitis suppurativa market in 2023. The regions covered in the hidradenitis suppurativa market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the hidradenitis suppurativa market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
Various skin conditions associated with hidradenitis suppurativa include folliculitis, pimples, boils, and deep acne. Folliculitis, a common skin condition, arises when hair follicles become inflamed or infected. Treatments for folliculitis encompass creams, pills, and procedures such as laser hair removal. The products utilized for hidradenitis suppurativa treatment include tablets and intravenous (IV) injections, administered through oral and parenteral routes. Treatment modalities involve medications, surgical interventions, photodynamic therapy (PDT), laser treatment, among others. End-users of these treatments include hospitals, specialty clinics, homecare settings, and others.
The hidradenitis suppurativa (HS) research report is one of a series of new reports that provides hidradenitis suppurativa (HS) market statistics, including the hidradenitis suppurativa (HS) industry's global market size, regional shares, competitors with an hidradenitis suppurativa (HS) market share, detailed hidradenitis suppurativa (HS) market segments, market trends and opportunities, and any further data you may need to thrive in the hidradenitis suppurativa (HS) industry. This hidradenitis suppurativa (HS) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The hidradenitis suppurativa (HS) market consists of revenues earned by entities providing treatment to axillary-mammary-inguinal hidradenitis suppurativa, follicular hidradenitis suppurativa, gluteal hidradenitis suppurativa, and syndromic hidradenitis suppurativa. The market value includes the value of related goods sold by the service provider or included within the service offering. The hidradenitis suppurativa (HS) market also includes sales of surgery biologics, antibiotics, immunosuppressive drugs, zinc supplements, and retinoids. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Hidradenitis Suppurativa Market Characteristics3. Hidradenitis Suppurativa Market Trends and Strategies32. Global Hidradenitis Suppurativa Market Competitive Benchmarking33. Global Hidradenitis Suppurativa Market Competitive Dashboard34. Key Mergers and Acquisitions in the Hidradenitis Suppurativa Market
4. Hidradenitis Suppurativa Market - Macro Economic Scenario
5. Global Hidradenitis Suppurativa Market Size and Growth
6. Hidradenitis Suppurativa Market Segmentation
7. Hidradenitis Suppurativa Market Regional and Country Analysis
8. Asia-Pacific Hidradenitis Suppurativa Market
9. China Hidradenitis Suppurativa Market
10. India Hidradenitis Suppurativa Market
11. Japan Hidradenitis Suppurativa Market
12. Australia Hidradenitis Suppurativa Market
13. Indonesia Hidradenitis Suppurativa Market
14. South Korea Hidradenitis Suppurativa Market
15. Western Europe Hidradenitis Suppurativa Market
16. UK Hidradenitis Suppurativa Market
17. Germany Hidradenitis Suppurativa Market
18. France Hidradenitis Suppurativa Market
19. Italy Hidradenitis Suppurativa Market
20. Spain Hidradenitis Suppurativa Market
21. Eastern Europe Hidradenitis Suppurativa Market
22. Russia Hidradenitis Suppurativa Market
23. North America Hidradenitis Suppurativa Market
24. USA Hidradenitis Suppurativa Market
25. Canada Hidradenitis Suppurativa Market
26. South America Hidradenitis Suppurativa Market
27. Brazil Hidradenitis Suppurativa Market
28. Middle East Hidradenitis Suppurativa Market
29. Africa Hidradenitis Suppurativa Market
30. Hidradenitis Suppurativa Market Competitive Landscape and Company Profiles
31. Hidradenitis Suppurativa Market Other Major and Innovative Companies
35. Hidradenitis Suppurativa Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Hidradenitis Suppurativa Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on hidradenitis suppurativa market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
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- Measure the impact of high global inflation on market growth.
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- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
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- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for hidradenitis suppurativa? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Report Scope
Markets Covered:1) By Skin Condition: Folliculitis; Pimples; Boils; Deep-Acne
2) By Product: Tablet; Intravenous (IV) Injection
3) By Route Of Administration: Oral; Parenteral
4) By Treatment: Medications; Surgery; Photodynamic Therapy (PDT); Laser Treatment; Other Treatments
5) By End-user: Hospital; Specialty Clinic; Homecare; Other End-users
Key Companies Mentioned: Pfizer Inc.; Johnson & Johnson; AbbVie Inc.; Novartis AG; Bristol-Myers Squibb Company
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned
- Pfizer Inc.
- Johnson & Johnson
- AbbVie Inc.
- Novartis AG
- Bristol-Myers Squibb Company
- AstraZeneca PLC
- Abbott Laboratories
- Eli Lilly and Co Ltd.
- Amgen Inc.
- Boehringer Ingelheim International GmbH
- UCB S.A.
- Incyte Corporation
- Kyowa Kirin Co. Ltd.
- Leo Pharma A/S
- Almirall S.A.
- Galapagos NV
- Genentech Inc.
- Tolmar Inc.
- Alvotech Holdings S.A.
- Aclaris Therapeutics Inc.
- Kymera Therapeutics Inc.
- Acelyrin Inc.
- AnaptysBio Inc.
- XBiotech Inc.
- Arcutis Biotherapeutics Inc.
- InflaRx N.V.
- VYNE Therapeutics Inc.
- Arena Pharmaceuticals Inc.
- MoonLake Immunotherapeutics AG
- Zynerba Pharmaceuticals Inc.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | February 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 1.15 Billion |
Forecasted Market Value ( USD | $ 1.5 Billion |
Compound Annual Growth Rate | 6.8% |
Regions Covered | Global |
No. of Companies Mentioned | 30 |