Basal Cell Carcinoma Treatment Market Size, Share and Trends Analysis Report, Forecast 2022-2030

The Global Basal Cell Carcinoma Treatment Market is expected to grow at a CAGR of around 9.2% from 2022 to 2030 and reach the market value of over US$ 15.3 Billion by 2030.

North America holds the dominating market share for the global basal cell carcinoma market. This is highly supported due to high prevalence of basal cell carcinoma resulting in demand for several treatment options. This is one of the prominent factors that contribute for the growth of global basal cell carcinoma treatment market. Apart from that, Asia-Pacific is anticipated to grow at higher pace in the forthcoming years by recording a remarkable CAGR for the basal cell carcinoma market.

The Australian Government supports the idea of imparting school education regarding skin cancer occurrence. As Australia have the highest incidences of skin cancers in the world, Australia performs well in controlling such cancer prevalence. For people aged less than 40 the incidence rate has dropped from a peak of 13 cases per 100,000 in 2002 to an estimated 9.4 per 100,000 in 2016. The Australian Government acknowledges declining the prevalence of basal cell carcinoma by offering the sporty bodies including Sports Medicine Australia's Ultraviolet (UV) Exposure and Heat Illness Guide. Additionally, in 2016-17, US$ 2.3 Bn will be provided to local government in untied funding under the Financial Assistance Grant Program that allows the councils the flexibility to allocate funding to local priorities.

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On the other hand, as per the statistics revealed by the European Skin Cancer Foundation, in Europe, the incidence of basal cell carcinoma is about 50 to 80 new patients per 100.00 persons per year. Implementation of the European Interdisciplinary Guidelines coupled with safety margins helps to control the spread of basal cell carcinoma. Such recommendations and regulations help to foster the growth of APAC regional market for basal cell carcinoma market.

Market Trend

Surgery for basal cell carcinoma climb towards all time high for the market growth

Surgery technique has been established in basal cell carcinoma for the efficient and lowest possible recurrence rates, maximum cure rates, and top cosmetic results among all the treatment approaches for basal cell carcinoma. This results in surging demand for the market to grow fully. It is predicted that surgery remains dominant over the next few years conforming the dominance of the overall basal cell carcinoma treatment market. Excision surgeries are generally recommended for basal cell carcinoma that are likely to recur, such as those that are formed on the chest, back, hands, and feet.

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Segmental Outlook

Basal cell carcinoma market is segmented on the basis of treatment type and end-user. Based on treatment type, the market is segmented as surgery, medication, and others. Surgery is further segmented as mohs surgery, excisional surgery, cryosurgery, and laser surgery. Further, on the basis of end-user, the market is segmented as hospitals, specialty clinics, and among others.

Based on the treatment type, surgery segment will record a remarkable market share and will contribute to the fullest for the growth of basal cell carcinoma market globally. This is majorly attributed to different surgeries associated for the treatment of basal cell carcinoma coupled with several treatment options. This has led surgeries segment to take a front lead for the growth of global basal cell carcinoma treatment market.

Competitive Landscape

Some of the leading competitors are Sun Pharmaceutical Industries Ltd., Bausch Health Companies Inc., Mylan N.V., Merck & Co., Inc., F. Hoffmann-La Roche Ltd., Allergan, Perrigo Company plc, Strides Pharma Science Limited., and among others.

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Some of the key observations regarding basal cell carcinoma treatment industry include:

• In June 2020, Sun Pharmaceutical Industries Ltd announced that the "USFDA has approved its two specialty medicines-ODOMZO® (sonidegib) and LEVULAN® KERASTICK® (aminolevulinic acid HCl) + BLU-U®" from its dermatology portfolio. The company provides insights to the healthcare providers treating patients suffering from high risk for different types of cancers.

• In June 2020, Merck & Co., Inc., announced that the US Food and Drug Administration (USFDA) approved "KEYTRUDA, Merck's anti-PD-1 therapy", as mono therapy for the treatment of patients suffering from recurrent or metastatic cutaneous squamous cell carcinoma (cSCC) that is not curable by surgery or radiation.)

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