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Actinic Keratosis Treatment Market Future Trends, Segments, Growth Rate, Major Players And Forecast To 2033
Actinic Keratosis Treatment Market
Actinic Keratosis Treatment Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $27.25 billion In 2028 At A CAGR Of 8.3% :
The actinic keratosis treatment market size has grown strongly in recent years. It will grow from $3 billion in 2023 to $3.24 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to treatment adherence, market competition, patient education initiatives, dermatological practices, research and clinical trials.
The actinic keratosis treatment market size is expected to see strong growth in the next few years. It will grow to $4.36 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to patient education and engagement, digital health integration, growing awareness, focus on preventive dermatology, personalized medicine trends. Major trends in the forecast period include shift towards combination therapies, technological advancements, personalized treatment approaches, increasing incidence rates, minimally invasive treatments.
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Actinic Keratosis Treatment Market Major Segments
The actinic keratosis treatment market covered in this report is segmented -
1) By Treatment: Topical Treatment, Procedural Modality, Photodynamic Therapy, Other Treatments
2) By Medication: Flurouracil Cream, Imiquimod Cream, Ingenol Mebutate Gel, Diclofenac Gel
3) By End User: Hospitals, Private Dermatology Clinics, Laser Therapy Centers, Cancer Treatment Centers, Spas and Rejuvenation Centers, Homecare
Key Driver - The Rising Incidence Of Actinic Keratosis Fuels Growth In The Actinic Keratosis Treatment Market
The growing prevalence of actinic keratosis is expected to propel the growth of the actinic keratosis treatment market going forward. An actinic keratosis refers to a rough, scaly area of skin that appears as a result of years of exposure to the sun. Actinic keratosis treatment helps to identify and treat precancerous lesions by reducing their risk. Growing actinic keratosis prevalence leads to increased demand for actinic keratosis treatment products, potential medications in research, and recommendations for the use of topical treatments. For instance, in February 2022, according to the article by World Cancer Research Fund International, a UK-based organization, there were more than 150,000 new cases of actinic keratosis in 2020, which increased to 197,700 cases in 2022. Therefore, the growing prevalence of actinic keratosis drives the actinic keratosis treatment market.
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Prominent Trend - Innovative Products Drive Growth In The Actinic Keratosis Treatment Market
Product innovations are a key trend gaining popularity in the actinic keratosis treatment market. Major companies operating in the market are introducing innovative products to sustain their position in the actinic keratosis treatment market. For instance, in July 2021, Almirall, a US-based pharmaceutical company, got approval for Klisyri (tirbanibulin), a topical microtubule inhibitor and an innovative topical treatment for actinic keratosis (AK). This is a topical first-in-class microtubule inhibitor that acts through a selective antiproliferative mechanism of action applicable for adults for the usage on the face or scalp.
Actinic Keratosis Treatment Market Players
Major companies operating in the actinic keratosis treatment market report are Sun Pharmaceutical Industries Ltd., Novartis AG, Hill Dermaceuticals Inc., Bausch Health Companies Inc., LEO Pharma A/S, Almirall SA, Biofrontera AG, Galderma SA, Mylan NV, Cipher Pharmaceuticals Inc., Pierre Fabre Pharmaceuticals Inc., Tolmar Pharmaceuticals Inc., Stanford Chemicals Company, Glaxo Smith Kline plc, Alma Lasers Ltd., 3M Company, Nestle SA, Cutanea Life Sciences Inc., DUSA Pharmaceuticals Inc., Foamix Pharmaceuticals Ltd., G&W Laboratories Inc., Hikma Pharmaceuticals plc, Innocutis Holdings LLC, Mayne Pharma Group Limited, Meda AB, Merz Pharma GmbH & Co KGaA, Perrigo Company plc, PharmaDerm A division of Fougera Pharmaceuticals Inc., Promius Pharma LLC, Ranbaxy Laboratories Limited, Sandoz International GmbH, Stiefel Laboratories Inc., Teva Pharmaceutical Industries Ltd., Valeant Pharmaceuticals International Inc., Zydus Pharmaceuticals Inc., Dermira Inc., Menlo Therapeutics Inc., Sol-Gel Technologies Ltd., Verrica Pharmaceuticals Inc.
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Largest And Fastest Growing Region In The Market
North America was the largest region in the actinic keratosis treatment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the actinic keratosis treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Actinic Keratosis Treatment Market Report Structure
3. Actinic Keratosis Treatment Market Trends And Strategies
4. Actinic Keratosis Treatment Market - Macro Economic Scenario
5. Actinic Keratosis Treatment Market Size And Growth
…..
27. Actinic Keratosis Treatment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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