Press release
Actinic Keratosis Treatment Market Landscape to 2034: Key Forces Shaping the Next Decade of Growth
Actinic Keratosis Treatment
How Large Will the Actinic Keratosis Treatment Market Size By 2025?
Recent years have seen robust growth in the actinic keratosis treatment market. Expected to escalate from $3.2 billion in 2024 to $3.44 billion in 2025, the market predicts a compound annual growth rate (CAGR) of 7.6%. Factors such as compliance to treatment, competitive market environment, initiatives to educate patients, dermatological procedures, and ongoing research and clinical trials played significant roles in the growth during the historical period.
How Big Is the Actinic Keratosis Treatment Market Size Expected to Grow by 2029?
In the forthcoming years, the market for actinic keratosis treatment is anticipated to experience robust expansion, reaching a market value of $4.69 billion in 2029 with a compound annual growth rate (CAGR) of 8.0%. This ascension in the projection period can be correlated to factors such as patient involvement and awareness, the incorporation of digital health, heightened consciousness, attention on preventive dermatology and trends in personalized medicine. The projected period is expected to witness a significant shift towards combination therapies, advancements in technology, individualized treatment strategies, rising incidence rates and adoption of minimally invasive treatments.
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Which Key Market Drivers Powering Actinic Keratosis Treatment Market Expansion and Growth?
The actinic keratosis treatment market is set to see significant growth fueled by the increasing incidence of actinic keratosis. Actinic keratosis is a rough, scaly skin patch that develops after years of sun exposure. Treatments for actinic keratosis aim to detect and treat these potentially cancerous lesions, thus reducing their risk. The growing number of actinic keratosis cases has resulted in a higher demand for treatment products, the advancement of potential medications, and increased recommendations for topical treatments. For example, the World Cancer Research Fund International, a UK-based entity, reported in February 2022, that the number of new actinic keratosis cases rose from over 150,000 in 2020 to 197,700 cases in 2022. Hence, the rise in the occurrence of actinic keratosis is propelling the growth of the actinic keratosis treatment market.
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Which Fast-Growing Trends Are Poised to Disrupt the Actinic Keratosis Treatment Market?
Major players within the actinic keratosis treatment industry are concentrating their efforts on creating innovative products, such as prescription medicine, with goals to amplify the effectiveness of treatment, improve patient results, and broaden their selection of products. Prescription medicine is a type of drug that needs a written authorization from a healthcare provider specifying the name of the drug, its dosage, and duration for it to be dispensed. These drugs are designed to treat particular medical conditions and must be monitored closely due to potential side effects. For example, the pharmaceutical company Biofrontera AG based in Germany, launched a new product, Ameluz, in December 2022. Ameluz is a topical gel that includes 5-aminolevulinic acid and is used together with photodynamic therapy (PDT) in the treatment of mild to moderate actinic keratoses (AK) and certain forms of basal cell carcinoma. The procedure involves applying the gel to the skin's affected areas, then exposing those areas to light from a BF-RhodoLED lamp, which activates the drug.
What Are the Emerging Segments in the Actinic Keratosis Treatment Market?
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: Fluorouracil 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
Subsegments:
1) By Topical Treatment: 5-Fluorouracil (5-FU), Imiquimod, Ingenol Mebutate, Diclofenac
2) By Procedural Modality: Cryotherapy, Curettage And Electrosurgery, Laser Therapy, Chemical Peels
3) By Photodynamic Therapy: ALA-Based PDT, MAL-Based PDT
4) By Other Treatments: Immunotherapy, Phototherapy, Combination Therapies
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Who Are the Global Leaders in the Actinic Keratosis Treatment Market?
Major companies operating in the actinic keratosis treatment market 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.
Which are the Top Profitable Regional Markets for the Actinic Keratosis Treatment Industry?
North America was the largest region in the actinic keratosis treatment market in 2024. 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.
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