Viral Warts Treatment Market Size

Viral Warts Treatment Market size was over USD 772.3 million in 2023 and is poised to cross USD 1.23 billion by 2036, witnessing more than 3.7% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of viral warts treatment is evaluated at USD 795.16 million. The growth of the market can be attributed to the growing prevalence of skin disorders across the world, and rapid growth in the number of cases of people suffering from warts. As of August, 2021, warts affect approximately 10 percent of the population around the world. The prevalence of the diseases is as high as 10 percent to 20 percent in young children.

Along with these, rise in clinical trials conducted by various pharmaceutical companies, and surge in investments for developing specific and sophisticated treatment for viral warts are also crucial factors expected to boost the growth of the market in the upcoming years. Furthermore, escalating developments in the healthcare sector in developed and developing nations, coupled with increasing population are projected to offer lucrative opportunities for viral warts treatment market growth in the near future.