The Warts Therapeutics Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Warts Therapeutics Global Market Report 2024, 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.
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.
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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
Product innovation is the key trend gaining popularity in the wart therapeutics market. Companies operating in the wart therapeutics market are developing innovative treatments to sustain their position in the market. For instance, in February 2023, Verrica Pharmaceuticals Inc., a US-based dermatology therapeutics company, announced that the FDA (The United States Food and Drug Administration) accepted its resubmitted New Drug Application (NDA) for VP-102 to treat molluscum contagiosum (a type of wart) and assigned a Prescription Drug User Fee Act (PDUFA) number. VP-102 is a patented drug-device combination product that delivers cantharidin (0.7% w/v) in good manufacturing practices (GMP)-controlled formulation via a single-use applicator for precise topical dosing and targeted administration.
The warts therapeutics market report table of contents includes:
1. Executive Summary
2. Warts Therapeutics Market Characteristics
3. Warts Therapeutics Market Trends And Strategies
4. Warts Therapeutics Market – Macro Economic Scenario
5. Global Warts Therapeutics Market Size and Growth
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31. Warts Therapeutics Market Other Major And Innovative Companies
32. Global Warts Therapeutics Market Competitive Benchmarking
33. Global Warts Therapeutics Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Warts Therapeutics Market
35. Warts Therapeutics Market Future Outlook and Potential Analysis
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