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Basal Cell Carcinoma Treatment Market Growth, Demand, Key Drivers, Forecast To 2033
Basal Cell Carcinoma Treatment Market Size
Basal Cell Carcinoma 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 $10.77 billion In 2028 At A CAGR Of 9.8% :
The basal cell carcinoma treatment market size has grown rapidly in recent years. It will grow from $6.69 billion in 2023 to $7.42 billion in 2024 at a compound annual growth rate (CAGR) of 10.8%. The growth in the historic period can be attributed to increasing prevalence of skin cancer, demand for laser therapy, demand for effective and minimally invasive treatments, rising awareness of basal cell carcinoma treatment.
The basal cell carcinoma treatment market size is expected to see strong growth in the next few years. It will grow to $10.77 billion in 2028 at a compound annual growth rate (CAGR) of 9.8%. The growth in the forecast period can be attributed to growing focus on quality of life, aging population, growing research and development in immunotherapies, government initiatives. Major trends in the forecast period include advancements in treatment modalities, early detection technologies, advancements in targeted therapies, telemedicine integration.
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Basal Cell Carcinoma Treatment Market Major Segments
The basal cell carcinoma treatment market covered in this report is segmented -
1) By Treatment: Surgery; Medication; Other Treatments
2) By Route Of Administration: Oral; Parenteral; Other Route Of Administrations
3) By Distribution Channel: Hospital Pharmacy; Online Pharmacy; Retail Pharmacy
4) By End-User: Hospitals; Specialty Clinics; Other End-Users
Key Driver - Increasing Incidence Of Skin Cancer, Including Basal Cell Carcinoma, Drives Treatment Market Growth
The rising incidences of skin cancer, including basal cell carcinoma, are expected to propel the growth of the treatment market going forward. Skin cancer is a disease in which abnormal cells grow uncontrollably in the skin, often caused by exposure to ultraviolet (UV) radiation from the sun or tanning beds. An increased need for targeted and specialized treatment choices is created by the increasing prevalence of skin cancer, especially basal cell carcinoma, which encourages the creation and availability of efficient medicines designed to treat this particular type of cancer. For instance, in January 2023, according to the American Cancer Society, Inc., a US-based cancer research organization, approximately 5.4 million basal and squamous cell skin cancer cases were identified annually in the United States, impacting about 3.3 million individuals. Further, basal cell carcinoma accounts for eight out of ten cases. Therefore, the rising incidence of skin cancer, including basal cell carcinoma, will drive the treatment market.
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Prominent Trend - Market Leaders Focusing On Innovative Technologies To Address Unmet Medical Needs In The Field Of Oncology
Major companies operating in the basal cell carcinoma treatment market are focused on developing innovative technologies to address unmet medical needs in the field of oncology and strengthen their position in the market. For instance, in February 2021, Regeneron Pharmaceuticals Inc., a US-based biopharmaceutical company and Sanofi SA, a France-based healthcare company, received approval from the PD-1 inhibitor Libtayo (cemiplimab-rwlc) as the first immunotherapy treatment for individuals with advanced basal cell carcinoma (BCC). Libtayo is developed utilizing Regeneron's VelocImmune technology, which employs a patented genetically engineered mouse platform with a genetically humanized immune system to generate optimal, completely human antibodies. Libtayo gains historic approval as the first treatment to exhibit clinical benefits in advanced BCC following HHI therapy, with entire local and accelerated metastatic approvals contingent on trial analyses of response rate, durability and clinical benefit verification.
Basal Cell Carcinoma Treatment Market Players
Major players in the basal cell carcinoma treatment market are Pfizer Inc., F. Hoffmann-La Roche Ltd., Merck & Co. Inc., AbbVie Inc., Bayer AG, Novartis AG, Sanofi SA, Fresenius Kabi AG, AstraZeneca PLC, GlaxoSmithKline PLC, Eli Lilly and Company, Gilead Sciences Inc., Merck KGaA, Teva Pharmaceutical Industries Ltd., Regeneron Pharmaceuticals Inc., Bausch Health Companies Inc., Sun Pharmaceutical Industries Ltd., Perrigo Company PLC, Incyte Corporation, Ono Pharma UK Ltd., Cipla Inc., Lupin Limited, Mallinckrodt Pharmaceuticals, LEO Pharma A/S, BeiGene Ltd., Taro Pharmaceutical Industries Ltd., Blueprint Medicines Corporation, Array BioPharma Inc., Genentech USA Inc., Palvella Therapeutics LLC.
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Largest And Fastest Growing Region In The Market
North America was the largest region in the basal cell carcinoma treatment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in basal cell carcinoma treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Basal Cell Carcinoma Treatment Market Report Structure
3. Basal Cell Carcinoma Treatment Market Trends And Strategies
4. Basal Cell Carcinoma Treatment Market - Macro Economic Scenario
5. Basal Cell Carcinoma Treatment Market Size And Growth
…..
27. Basal Cell Carcinoma Treatment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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