Keratoacanthoma Market Projected To Grow Radiantly by Treatment Medication, Surgery – Cryosurgery, etc. – Foreseen to 2022

Keratoacanthoma Market - Overview

Keratoacanthoma (KA) is a special lesion, a pseudo cancer which is formed on the skin, result of a low grade, slow growing cancer tumor on the skin. This tumor is benign in nature, despite its appearance and other similarities with Squamous Cell Carcinoma (SCC). KA initially originates in the hair follicles of the skin and very rarely spreads to the other cells. KA is commonly found on sun-exposed skin, such as face, neck, hands, arms and legs. It is treated with the help of surgery, radiotherapy, or injections.  Keratoacanthoma growth at a rapid pace, much faster than that of an SCC, and also it reduce spontaneously over a period of several months. Keratoacanthoma is listed as a "rare disease" by the Office of Rare Diseases (ORD) of the National Institutes of Health (NIH). This means that Keratoacanthoma, or a subtype of Keratoacanthoma, affects less than 200,000 people in the US population.

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The market for keratoacanthoma is driven by factors such as growing prevalence of keratoacanthoma, or its subtype of keratoacanthoma due not avoiding direct sun exposure for prolonged hours is one of the major factor for the growth of the market. As per the Hawaiian data, keratoacanthoma’s incidence in ethnic Japanese, Filipino, and Hawaiian populations is estimated to be 22, 7, and 6 cases per 100,000 population, respectively, which is nearly one fifth to one sixteenth of the incidence rate found in American whites. Due to growing pollution, skin related problems the cases of keratoacanthoma is increasing which will fuel the growth of the market. Companies like Cipla Ltd., GE Healthcare, Glenmark Pharmaceuticals Ltd., Hospira, Pfizer, Philips Healthcare, Ranbaxy Laboratories Ltd., Sanofi, Siemens Healthcare and others are investing their valuable resources and money to provide patients which advanced products and therapies, has spurred the growth of the market. 

The market for treatment is however fragmented with a large number of players of unknown origin operating in the segment. Thus, the market has a small profit margin which has constricted growth and thus there is high competition in the market.

Considering all the factors, the global market for keratoacanthoma is expected to grow with a CAGR of ~11.4% from 2016 to 2022. According to a recent study report published by the Market Research Future, the global keratoacanthoma market is expected to gain eminence over the forecast period. The market is forecasted to demonstrate a steady growth by 2022, surpassing its previous growth records in terms of value with a constant CAGR during the anticipated period (2017 – 2022).

Top Players:

Cipla Ltd (India), GE Healthcare (United Kingdom), Glenmark Pharmaceuticals Ltd. (India), Hospira (U.S.), Pfizer Inc. (U.S.), Philips Healthcare (Netherlands), Sun Pharmaceutical Industries Ltd. (India), Sanofi (France), Siemens Healthcare (Germany) and others are some of the prominent players at the forefront of competition in the Global Keratoacanthoma Market and are profiled in MRFR Analysis. 

Global Keratoacanthoma Market - Regional Analysis

Keratoacanthoma market is estimated to be led by the developed regions of Americas which is further estimated to be dominated by U.S. and Canada. Countries of the developed world such as U.S., Canada and Latin America accounts largest market share for the market for keratoacanthoma in the Americas. The presence of huge ageing populations with unmet needs and the growing prevalence of skin disorders due to high U.V. exposure has spurred the growth in this market. The growing number of hospital and clinics and the improving ratio of patients to healthcare professionals in these regions will drive the future market. Thus, there is larger potential to growth in the developed regions due to highly regulated market.

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America accounts the largest market share for global keratoacanthoma market region. Additionally, the rising public healthcare expenditure of these regions will also drive the future market for keratoacanthoma. Moreover, growing prevalence and incidence of keratoacanthoma is mostly in the older adults aged 60 years or above will advance with higher growth rate as compared to previous years.

However, it has to be noted that the Americas region has very stringent rules and regulations compared to other regions which will act as a restraint on the future potential of the market. But, the increasing number of surgeries and therapies will boost the growth of the market.

Brief TOC of Keratoacanthoma Market:

1 Report Prologue

2 Market Introduction

2.1 Introduction

2.2 Scope Of Study

2.3 Research Objective

2.4 Assumptions & Limitations

2.4.1 Assumptions

2.4.2 Limitations

3 Research Methodology

3.1 Research Process

3.2 Primary Research

3.3 Secondary Research

4 Market Dynamics

4.1 Drivers

4.1.1 Aging Population

4.1.2 Long Term Direct Exposure To Sun Light

4.2 Restraints

4.2.1 No Awareness About Keratoacanthoma

5 Market Factor Analysis

5.1 Porter’s Five Forces Model

5.1.1 Bargaining Power Of Suppliers

5.1.2 Bargaining Power Of Buyers

5.1.3 Threat Of New Entrants

5.1.4 Threat Of Substitutes

5.1.5 Intensity Of Rivalry

5.2 Supply Chain Analysis

6 Global Keratoacanthoma Market, By Treatment

& more…

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This release was published on openPR.