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Skin Cancer Diagnostics Market Research Report Explores the Trade Trends for the Forecast 2028

11-25-2024 04:03 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Premium Market Insights

The Skin Cancer Diagnostics Market is projected to reach US$ US$ 5,480.45 million by 2028 from US$ 3,364.46 million in 2021; it is estimated to grow at a CAGR of 7.2% during 2021-2028. The report highlights trends prevailing in the market and factors driving its growth. The market's growth is attributed to the increasing incidence of skin cancer and launch of new products. However, the barriers to early skin cancer diagnostics in low and middle-income countries hampers the market growth.

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Analysis of the Top Market Players:

1. SkylineDx BV
2. AMLo Biosciences Limited
3. NeraCare GmbH
4. DermLite LLC
5. bioMerieux SA
6. Veriskin Inc.
7. Castle Biosciences, Inc.
8. DermTech Inc.
9. HOFFMANN-LA ROCHE LTD.
10. Michelson Diagnostics Ltd

In this report, the market has been segmented on the basis of:

Type (Melanoma and Non-melanoma)
Screening Type (Blood Tests, Dermatoscopy, Imaging Tests, Lymph Node Biopsy, and Skin Biopsy)

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The surge in awareness is primarily attributed to the support provided by various governments through awareness and prevention campaigns. The Centers for Disease Control and Prevention (CDC) and its partners conduct monitoring of skin cancer cases, their research, provide education, and interventions for skin cancer. The monitoring is achieved through national surveys-such as the Youth Risk Behavior Surveillance System and National Health Interview Survey. These surveys assist in assessing the prevalence of sunburn and sun-protective behaviors to help prevent skin cancer. Countries such as the UK and the Netherlands have also taken initiatives for promoting the early diagnosis of skin cancer. In 2007, the Early Diagnostics Program was initiated at Cancer Research UK, as part of the National Awareness and Early Diagnosis Initiative (NAEDI) for England. Similarly, in July 2011, the Skin Cancer Prevention Strategy and Action Plan (2011-2021) was launched in Northern Ireland, with a major focus on the prevention and early detection of skin cancer in the region. Thus, governments' efforts to control mortalities associated with skin cancer are likely to provide significant opportunities to the skin cancer diagnostics market players in the coming years.

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