Press release
Non-melanoma Skin Cancer Market is Expected to Progress at a CAGR of 5.7% to Reach US$ 8,859.6 Million by 2034
Non-melanoma Skin Cancer Market
The growing incidence of skin cancer is driving the demand for effective treatment solutions. One of the key contributing factors is the rise in global temperatures due to climate change, which increases UV exposure and elevates the risk of developing skin cancer. As non-melanoma skin cancer continues to affect a larger segment of the population, the market is experiencing steady growth to meet the increasing demand for diagnosis and treatment options.
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Which Factors Are Driving the Non-Melanoma Skin Cancer Market?
"Advancements in Radiation Therapy Equipment Enhance Patient Comfort and Accessibility"
Radiation therapy remains a widely used and effective treatment for non-melanoma skin cancer. As the number of patients opting for this method continues to rise, manufacturers are prioritizing the development of more patient-friendly equipment. The introduction of portable and compact radiation therapy machines is a key advancement, allowing greater flexibility and ease during treatment. These innovations reduce the need for patients to remain confined to a single treatment area, improving their overall experience and contributing to the growing adoption of radiation therapy in non-melanoma skin cancer care.
Country-wise Insights
North America Continues to Lead, While East Asia Emerges as a Fast-Growing Market
North America holds a dominant position in the non-melanoma skin cancer market, with an estimated market value of US$ 2,941.0 million in 2024, accounting for a substantial 58.0% share. Although its market share is expected to decline slightly over the forecast period, the region remains highly lucrative. By 2034, North America is projected to reach a market value of US$ 3,930.0 million, registering a CAGR of 2.9%, and accounting for 44.4% of the global market.
In contrast, East Asia is set to grow at a comparatively faster rate. With a modest market share of 0.8% and a value of US$ 40.0 million in 2024, the region is expected to expand at a CAGR of 5.6% through 2034. By the end of the forecast period, East Asia's market value is anticipated to reach US$ 78.0 million, reflecting an increase in its share to 0.9%. This growth underscores the region's emerging potential driven by rising awareness, improved healthcare infrastructure, and growing demand for cancer treatment solutions.
Category-wise Insights
Radiation Therapy and Basal Cell Carcinoma Dominate the Market Landscape
Radiation therapy stands out as the leading treatment modality in the non-melanoma skin cancer market, projected to hold a significant 88.6% share in 2024. Its widespread use is attributed to its effectiveness and adaptability in treating various stages of skin cancer. Photodynamic therapy follows as the second most utilized treatment, expected to capture an 8.6% market share in the same year, reflecting its growing adoption as a less invasive alternative.
From an indication perspective, basal cell carcinoma remains the most prevalent form of non-melanoma skin cancer, accounting for an estimated 75.7% of the market in 2024. Squamous cell carcinoma, while less common, still represents a substantial portion, with a projected market share of 24.3%. This segmentation highlights the dominance of basal cell carcinoma in clinical incidence and treatment demand.
Competitive Landscape
To enhance the effectiveness of treatment options, companies operating in the non-melanoma skin cancer market are making significant investments in research and development. Strategic collaborations with academic institutions and research organizations are also on the rise, with companies providing financial support to accelerate scientific advancements.
In addition to product innovation, market players are leveraging public health campaigns to boost awareness around non-melanoma skin cancer. These initiatives aim to increase early detection rates and encourage more individuals to seek timely treatment, ultimately driving market growth.
Key players in the market include Amgen Inc., Regeneron Pharmaceuticals Inc., Almirall, Boehringer Ingelheim International GmbH, Bristol-Myers Squibb Company, Hoffmann-La Roche Ltd, GlaxoSmithKline Plc, Merck & Co., Inc., Novartis AG, Eli Lilly and Company, and Sun Pharmaceutical Industries Ltd.
Recent Developments:
November 2023: DermaSensor announced encouraging results for its AI-powered elastic scattering spectroscopy (ESS) device, demonstrating strong performance in detecting skin cancers.
August 2023: SkinCure Oncology expanded its services to Kentucky, USA, offering Image-Guided Superficial Radiation Therapy (Image-Guided SRT), a non-invasive alternative to surgery for treating skin cancers.
June 2023: Sirnaomics Ltd. revealed that its siRNA-based treatment for squamous cell carcinoma had progressed to Phase 3 clinical trials, following favorable outcomes from Phase 2.
Browse Full Report: https://www.factmr.com/report/non-melanoma-skin-cancer-market
Segmentation of Non-melanoma Skin Cancer Market Research
By Treatment Type:
Radiation Therapy
Chemotherapy
Photodynamic Therapy
By Indication:
Basal Cell Carcinoma
Squamous Cell Carcinoma
By End User:
Hospitals
Ambulatory Surgical Centers
Specialty Clinics
By Region:
North America
Europe
Latin America
East Asia
South Asia & Oceania
Middle East & Africa
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