WILMINGTON, DE / ACCESSWIRE / October 6, 2022 / Transparency Market Research Inc. - Emergence of microwave technology is transforming the warts therapeutics market landscape. The limited options for treatment of warts is driving medtech companies to attain effectiveness of microwave technology. To this end, some companies have been successful in development of microwave technology to stimulate the body's immune system to clear human papillomavirus (HPV) which is the cause for warts. The ban of use of liquid nitrogen in clinics for warts by some governments, has provided medtech companies the opportunity to improve microwave technology. The warts therapeutics market is estimated to be nearly valued at US$ 2.4 Bn by 2030.
Efficacy of telemedicine during COVID-19 era has led to increased consumer confidence in remote consultation for warts therapeutics. As such, demand for telehealth technology for warts therapeutics is anticipated to rise at a staggering pace in the upcoming years. The development of telemedicine apps is assisting to provide quality medical care for warts, especially genital warts, and thus shape the future growth of warts therapeutics market. Role of warts therapeutics market manufacturers to increase production capabilities, for prescription creams and gels for genital warts to enrich market outlook.
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Warts Therapeutics Market - Key Findings of the Report
- Demand for wart treatment that is free of scars post-treatment, and provides lifelong immunity against HPV is leading to increased focus on cryotherapy, immunotherapy, and tissue keratolysis
- Evidence-based data of high efficacy of salicylic acid for warts therapeutics substantiates its growing popularity among clinicians and patients. Cost efficiency and less painful attributes of salicylic acid makes it preferred among patients.
- Clinical evidence of efficacy of topical zinc oxide ointment is driving potential revenues in wart therapeutics market. Zinc has a role in immunotherapy, for the element to regulate the body's immune system to manage common warts, and hence effectiveness of the ointment in warts therapeutics. Easy availability, low cost, and low chance of complications associated with zinc oxide is leading to incremental opportunities for pharmaceutical companies. This explains immunomodulation treatment is projected to garner exponential growth in the warts therapeutics market during the forecast period.
- Cryotherapy is considered gold standard for the treatment of warts. Nonetheless, possible risk of scarring and chances of infection due to cryotherapy is a concern among warts patients. As such, pharmaceutical companies are suggesting combination therapy with salicylic acid to reduce the incidence of adverse effect of such therapies. The use of salicylic acid makes tissue keratolysis popular among over-the-counter (OTC) options for warts therapeutics.
- Common warts segment holds the leading warts therapeutics market share among key types; however, genital warts is anticipated to register leading growth rate during the forecast period
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Warts Therapeutics Market - Growth Drivers
- Statistics of the Centers for Disease Control and Prevention, of high prevalence of genital warts & HPV infections in the U.S. drives the warts therapeutics market
- Need for medical intervention for warts, which is a dermatological infectious disease caused by a Human Papilloma Virus fuels the growth of wards therapeutics market
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Warts Therapeutics Market - Key Players
Some of the key players operating in the warts therapeutics market are;
- GlaxoSmithKline plc
- Teva Pharmaceutical Ltd
- Verrica Pharmaceuticals
- Mylan N.V.
- Scholl's Wellness Co
- Cipla Ltd.
- Merck & Co Inc.
- Pfizer Inc.
- Phio Pharmaceuticals Ltd
- Bausch Health Companies Inc.
- Prestige Consumer Healthcare Inc.
- Taro Pharmaceutical Industries Ltd
- Novan Inc
- AIM ImmunoTech Inc.
The warts therapeutics market is segmented as follows;
Warts Therapeutics Market, by Warts Type
- Common Warts
- Genital Warts
- Flat Warts
- Others
Warts Therapeutics Market, by Treatment Type
- Physical Destruction
- Freezing
- Liquid Nitrogen
- Nitrous Oxide
- Dimethyl Ether and Propane
- Surgical Removal
- Laser Treatment
- Chemical Destruction
- Bleomycin
- Cantharidin
- Salicylic acid
- Others
- Immunomodulation
- Interferons
- Zinc
- Retinoid
Warts Therapeutics Market, by End-user
- Hospitals
- Clinic
- Others
Warts Therapeutics Market, by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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