Impetigo Treatment Market – Overview
Impetigo is highly common and highly contagious skin infection that generally affects infants and children. This infection is caused by streptococcus or staphylococcus aureus bacteria. Patients suffering from impetigo have red scores or bump blisters on their faces particularly around their nose, feet, hands, and mouth. According to the WHO, impetigo is a global disease that affects nearly 162 million people around the world. Impetigo is a contagious disease that spreads through direct contact with the person suffering from it. However, this infection can be treated quite easily without spending much money. Impetigo can be treated with the help of oral drugs and topical antibiotics. This disease is very rarely found in adults; however, minors are highly susceptible to the disease.
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Impetigo Treatment Market – Notable Developments
Some of the notable developments in the global impetigo treatment market are listed below:
- In June 2019, Almirall announced that the company is teaming up with AARS (American Acne and Rosacea Society) to push the awareness about the prevalence and impact of impetigo, acne, and other skin related problems across the US. According to the American Academy of Dermatology, around 50 million people are suffering from some form of skin disease across the US. Of these, nearly 85% of the patients fall in age group of 12 to 24. This partnership is expected to raise more awareness about the treatment of skin diseases and tackle them more effectively.
- In September 2018, Almirall LLC, a prominent name in the global impetigo treatment market announced that the company has acquired Allergen US Medical Dermatology Unit. The company is expected to expand its business portfolio with this acquisition and bolster its brand value across the impetigo treatment market. The company has planned to use the acquired resources from the Allergen US Medical Dermatology Unit to carry out more research and development in order to produce innovative and better products to help the increasing demand for skincare products.
Some of the key companies in the global impetigo treatment market include names such as Cutanea Life Sciences, GlaxoSmithKline, LEO Pharma, and Medimetriks Pharmaceuticals among others.
Impetigo Treatment Market – Drivers and Restraints
The global impetigo treatment market is primarily driven by the growing susceptibility of bacterial infection among infants and young people. Due to lack of strong immune system, individuals in this age group easily catch such bacterial infections. However, due to the current availability of treatment, it has become quite easy to treat the infection. This has thus helped in driving the growth of the market. In addition to this, the key players in the market are now focusing more on product development and newer medications that will help in stopping the reemergence of the infection. This is also helping to propel the growth of the global impetigo treatment market. Furthermore, these big companies are collaborating with governments and healthcare organizations to bring awareness about the nature of the infection and how it can be treated. This is projected to speed up the adoption of impetigo treatment market across the globe.
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Impetigo Treatment Market – Geographical Outlook
The global impetigo treatment market is mainly dominated by the North America region. As mentioned before, the region has around 50 million individuals suffering from some form of skin disorder. This is expected to create ample business opportunities for the growth of impetigo treatment market players. Asia Pacific market is projected to show a high growth rate due to the growing demand for impetigo treatment products from the region.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.