Market Research Future has added a report titled “Actinic Keratosis Treatment Market Research Report- Forecast to 2024” to its offering. The report provides an in-depth analysis of regional data and an accurate projection of the market size and share of the Top 10 market players across the globe.
Rise in the diagnosis efficiency of various types of cancers especially those related to the skin such as actinic keratosis are growing promptly. The treatment of actinic keratosis is gaining increasing prominence due to an extensive range of factors that are contributing to the expansion of the market. Actinic keratosis is a commonly diagnosed skin disorder that can potentially progress to non-melanoma skin cancers, this particular characteristic of the disease has contributed to the demand for its treatment significantly. A typical patient example with actinic keratosis is usually observed as having fair and sun-sensitive skin.
Owing to rapidly growing global demand levels, the actinic keratosis treatment market is expected to develop with a CAGR of 4.20% in the duration of the forecast period. The global market for actinic keratosis is set to increase its revenue share to USD 6,088.4 million in 2024 from USD 4,591.4 million in 2017. Observing the demand trends prevalent in the market, many companies have initiated placebo trial for actinic keratosis. The upswing in the number of cases for actinic keratosis has also spurred action from government and drug regulating authorities to initiate field-directed treatment of actinic keratosis in different regions of the world. The factors attributed to the expansion of the market globally are mounting occurrence of actinic keratosis cases, increasing recognition of minimally invasive therapeutic methods, escalating geriatric population and the availability of suitable medical attention are among the crucial drivers for market growth. The market is also projected to witness a rising demand trend for therapeutics. However, cryotherapy, topical medications, laser therapy, and photodynamic therapy have also been observed as favored methods of treatment that are powering the progress of the market in the forecast period.
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The betterment of the medical reimbursement policies in care facilities around the globe has created an effective impact on the development of the market. Furthermore, the upgraded caregiving arrangement in nations such as India and China have resulted in an uptick in demand for actinic keratosis treatment in these nations. The growth of the market is however motivated by its growing importance both in terms of detection and treatment, particularly, in geographies such as the America and the European region. The collective combination of these factors is projected to create a conducive environment for market growth that will lead to exceptional growth in the upcoming forecast period.
The force of the market’s growth has transformed the competitive backdrop of the market. The competitors in the market are also leveraging their competitive gains to safeguard their growth in the market. The market expansion by competitors also encompasses strong risk management strategies which will give smart returns. Cipher Pharmaceuticals Inc., BioLineRx, Valeant Pharmaceuticals, Biofrontera AG, Leo Pharma, 3M, Alma Lasers, Sun Pharmaceutical Industries Ltd., and Stanford Chemicals are a few of the key players profiled in the report.
The segment based analysis of the market are based on end-user, type, and region. The end-user industries segment of the market comprises of dermatology clinics, hospitals, oncology centers, and ambulatory surgical center. On type basis is segmented into procedures and medications. The medication segment of the market additionally comprises of imiquimod cream, fluorouracil cream, ingenol mebutate gel and diclofenac gel and the procedures segment is additionally covers photodynamic therapy, laser, cryotherapy, chemical peel and others.
Detailed Regional Analysis:
The regionwise segmentation of the market has been segmented into regions such as Middle East, Africa, Americas, Europe and Asia Pacific. The Americas presently are responsible for a majority of the market share, and the trend is likely to carry on in the foreseeable future. This is majorly owing to the presence of major manufacturers and the growing occurrence of actinic keratosis. Furthermore, better economic stability together with growing demands for minimally invasive procedures in the region has been indicated to be advantageous for vendors working in America. The European region is likely to remain as a significant development pocket for the actinic keratosis treatment market throughout the forecast period. The Asia Pacific region’s trajectory is primarily directed by factors such as the growing number of reported cases of actinic keratosis and intensifying medical tourism. The Africa and Middle East region with the incidence of low-income countries and strict government regulations have led to the region accounting for the minimum market share.
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TABLE OF CONTENTS
1 Report Prologue
2 Market Introduction
3 Research Methodology
4 Market Dynamics
5 Market Factor Analysis
6 Global Actinic Keratosis Treatment Market, by Type
7 Global Actinic Keratosis Treatment Market, by End User
8 Global Actinic Keratosis Treatment Market, by Region
9 Competitive Landscape
10 Company Profiles
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