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The Best Approach to Skin Cancer Treatment Market for Every Personality Type | Updated Case Study

01-31-2023 02:21 PM CET | Health & Medicine

Press release from: allied market research

/ PR Agency: Allied market research
The Best Approach to Skin Cancer Treatment Market for Every

Skin cancer is the most common type of cancer worldwide. Melanoma and non-melanoma skin cancer (NSCLC) are the two main categories of skin cancer. Due to inadequate diagnostic standards and underreporting, it is difficult to determine the exact incidence of skin cancer. The head and neck are common areas where skin malignancies are found, which can cause severe morbidity during diagnosis and treatment. Medical treatment options include chemotherapy, immunotherapy, and targeted therapy. The use of sunscreen is essential for adequate sun protection. The main etiological component in the occurrence of skin cancers is solar ultraviolet (UV) radiation.

Most cases of NMSC and melanoma can be attributed to UV exposure.
The global skin cancer treatment market generated $7.2 billion in 2021, and is estimated to reach $14.5 billion by 2031, manifesting a CAGR of 7.3% from 2022 to 2031. The report offers an extensive analysis of changing market dynamics, top segments, value chain, competitive landscape, and the Covid-19 pandemic impact. This report provides detailed information for market players, stakeholders, investors, and startups to help them devise strategies for gaining competitive edge and sustainable growth.

• CAGR: 7.3%
• Current Market Size: USD 14.5 Billion
• Forecast Growing Region: APAC
• Largest Market: North America
• Projection Time: 2021 - 2031
• Base Year: 2021

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Covid-19 Scenario:
• Non-urgent cancer treatments were postponed due to possibility of cross-contamination among cancer patients in the hospitals. Also, hospital staff was shifted to take care of increase in number of patients infected with coronavirus. This, in turn, reduced the number of staff members to take care of cancer patients.
• According to the paper published by the name "The impact of Covid-19 pandemic on quality of life in skin cancer patients," non-melanoma cancer patients were at a higher risk of infection by the Covid-19 disease and needed special and rapid treatment. This, in turn, raised the need for diagnosis and demand for cutting-edge and innovative medicines to effectively treat patients.
By type, the melanoma segment had the highest share in 2021, accounting for more than four-fifths of the total share, and is expected to maintain its leading status during the forecast period.

However, the non-melanoma segment is expected to show the highest CAGR of 8.8% between 2022 and 2031. Based on therapy, the immunotherapy segment accounted for the largest share in 2021, contributing more than three-fifths of the global skin cancer treatment market, and is expected to maintain its revenue leadership during the period of prognosis. However, the targeted therapy segment is expected to exhibit the highest CAGR of 8.6% between 2022 and 2031. The report also examines the chemotherapy segment.

By distribution channel, the drugstore and retail pharmacy segment contributed the highest share in 2021, with nearly half of the market, and is expected to dominate in 2031. However, the online provider segment is expected to grow at the highest CAGR of 8.5% during the forecast period. The research also addresses the segments of hospital pharmacies.

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Based on region, North America accounted for the highest share in 2021, holding more than two-fifths of the global market, and is expected to maintain its dominance by 2031. However, Asia-Pacific is estimated to grow at the fastest CAGR of 8.6% during the forecast period. The research also analyzes regions including Europe and LAMEA.
Leading market players of the global skin cancer treatment market analyzed in the research include Amgen Inc., Bristol Myers Squibb Company, F.Hoffman -La-Roche Ltd., GlaxoSmithKline Plc., LEO Pharm A/S, Novartis AG, Merck KGAA, Regeneron Pharmaceuticals, Pfizer Inc., and Sun Pharmaceuticals Industries Ltd.

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Alied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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