Actinic Keratosis Market Growth Accelerated by Rising Prevalence of Skin Cancer

 


Actinic keratosis, commonly known as solar keratosis, is a pre-cancerous skin lesion caused by prolonged exposure to ultraviolet (UV) radiation from the sun or indoor tanning. Actinic keratosis treatments help in prevention of skin cancer progression. The wide availability of various treatment options such as photodynamic therapy, topical drugs, cryotherapy, and surgical excision is driving the growth of the actinic keratosis market.


The global actinic keratosis market is estimated to be valued at US$ 8,070.0 Mn in 2023 and is expected to exhibit a CAGR of 4.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
The rising prevalence of skin cancer due to prolonged exposure to UV radiation forms one of the key drivers of the actinic keratosis market. According to the Skin Cancer Foundation, over 4.3 million skin cancers in over 3.3 million people are diagnosed annually in the U.S. One in five Americans will develop skin cancer by the age of 70. The increasing awareness regarding early treatment and diagnosis of pre-cancerous lesions such as actinic keratosis to prevent progression to skin cancer is expected to drive the demand for actinic keratosis therapeutics during the forecast period.

Segment Analysis
The global actinic keratosis market is dominated by lesion-directed therapy segment, which accounts for over 50% market share. The rising preference for non-invasive therapies among patients and the availability of over-the-counter drug products are fueling the growth of this segment. Within lesion-directed therapy, prescription drugs hold the largest share.

Key Takeaways
The global actinic keratosis market is expected to witness high growth over the forecast period. Rapidly growing geriatric population, increasing incidence of skin cancer and easy availability of therapies are some key growth drivers.

Regional analysis: North America currently dominates the global market and is expected to maintain its lead over the forecast years as well. Higher acceptance of advanced therapies, robust healthcare infrastructure and growing aging population are some factors supporting the growth of actinic keratosis market in North America. Europe is projected to be the second largest market driven by rising skin disease burden.

Key players operating in the actinic keratosis market are Almirall, S.A., Bausch Health Companies Inc., Perrigo Company plc., Sun Pharmaceutical Industries Ltd., Hill Dermaceuticals, Inc., Spear Pharmaceuticals, Tolmar Pharmaceuticals, Inc., Bioforntera AG, Cipher Pharmaceuticals Inc., Vidac, Athenex, Inc., 3M, and Mayne Pharma Group Limited. Almirall, S.A and Bausch Health Companies Inc. have leading product portfolio and strong geographic presence supporting their leading positions in the global market.

Comments

Post a Comment

Popular posts from this blog

Neuroendocrine Cancer is the fastest growing segment fueling the growth of Pituitary Cancer Market

Image
The pituitary cancer market comprises of medical treatment options for patients diagnosed with pituitary cancer. Pituitary cancers are rare tumors that start in the pituitary gland which is a pea-sized gland located at the base of the brain.  The global Pituitary Cancer Market is estimated to be valued at US$ 380.7 Mn in 2023 and is expected to exhibit a CAGR of 9.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.    Market key trends: One of the key trends fueling the growth of the pituitary cancer market is rising preference of targeted drug therapy over conventional chemotherapy. Targeted drug therapies mainly include somatostatin analogs and dopamine agonists which directly act on cancer cells and have less side effects compared to chemotherapy. These targeted drugs are effective in controlling symptoms and slowing tumor growth in patients with hormone secreting pituitary adenomas and carcinomas. The targe...
Read more

Enhancing Patient Care and Comfort: The Evolution of Hospital Beds

Image
  Hospital beds play a crucial role in patient care, providing comfort, safety, and functionality for individuals requiring medical attention. Over the years, advancements in technology and design have revolutionized hospital beds, leading to improved patient outcomes and caregiver efficiency. From basic adjustable beds to sophisticated models equipped with cutting-edge features, the evolution of hospital beds has transformed the healthcare landscape. Evolution of Hospital Beds: Historically, hospital beds were simple in design, primarily consisting of a metal frame with adjustable height and manual controls. However, as medical practices advanced and patient needs became more complex, the demand for more versatile and ergonomic hospital beds grew. In recent decades, significant strides have been made in the development of hospital bed technology. Modern hospital beds are designed with a focus on patient comfort, safety, and mobility. Features such as electronic controls, motorize...
Read more

Dry Eye Disease Market is Estimated to Witness High Growth Owing to Rising Awareness About Disease Management

Image
  Dry eye disease, also known as keratoconjunctivitis sicca, is a multifactorial disease of the ocular surface characterized by lack of sufficient moisture and tear film instability. Common symptoms of dry eye include stingy or burning sensation in eyes and blurred vision.   Market Dynamics : The Dry Eye Disease Market is witnessing high growth owing to rising awareness about disease management and increasing number of people experiencing symptoms of dry eyes. According to the report, increasing usage of electronic devices and prolonged screen time is a major driver fueling the demand for dry eye treatments. Additionally, growing geriatric population worldwide who are more prone to dry eyes is also contributing to the market growth. Availability of various treatment options along with new product launches is further expected to boost the market during forecast period.   Increasing Prevalence of Dry Eye Disease is Driving Market Growth   One of the major market drive...
Read more