Basal Cell Carcinoma Market
Key trends in the market include a robust product pipeline which is expected to drive the development over the forecast time frame. For instance, in August 2021, Medivir AB, a Swedish biotech company, announced positive information from the investigator-initiated study assessing the effects of remetinostat in basal cell carcinoma (BCC) patients who had been published in Clinical Cancer Research is a friend reviewed medical diary on oncology. This clinical study was conducted at the Stanford University School of Medicine in California, U.S.
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Global Basal Cell Carcinoma Market-Impact of Coronavirus (COVID-19) Pandemic
The COVID-19 pandemic has drastically affected several clinical trials. Various trials have been paused enlistment and researchers are facing numerous challenges associated with setting up remote visits, and performing lab and other study assessments. For instance, according to a survey conducted by Medidata Solutions, Inc., on April 23, 2020, 63% of survey respondents stated that they have stopped taking new patients for progressing clinical trials and 43% of them have postponed their advanced studies. The U.S. Food and Drug Administration (FDA) released guidelines on conducting clinical trials of medical products during the COVID-19 public wellbeing emergency in March 2020. The guidelines were additionally updated on July 02, 2020. The guidelines by the U.S. FDA include several considerations to assist sponsors and researchers, which ensure the safety of preliminary participants and compliance with great clinical practice (GCP) for the length of the COVID-19 public wellbeing emergency.
Besides, increasing research and advancement expenditure by central members, organizations, countries, and others are expected to support the development of the global basal cell carcinoma market over the forecast time frame. For instance, according to the Congressional Research Service Report April 2020, the absolute global R&D expenditure increased by three folds, which was US$ 676 billion to US$ 2.0 trillion in the year 2000 and 2018, respectively.
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Key Takeaways of the Global Basal Cell Carcinoma Market:
- The global basal cell carcinoma market is expected to display a CAGR of 7.9% during the forecast time frame, because of key companies in the market focusing on research and improvement for the treatment of basal cell carcinoma are expected to boost the development of the market. For instance, in January 2020, PellePharm, focused on intriguing diseases, such as Basal Cell Carcinomas and Gorlin Syndrome, announced it had dosed the first two participants in phase II clinical preliminary of vehicle gel vs Patidegib Topical Gel, for individuals suffering from non-Gorlin HF-BCC.
- In terms of end-user, the hospitals segment is estimated to hold the largest market share in the global basal cell carcinoma market over the forecast time frame, inferable from in increasing prevalence of basal cell carcinoma. For instance, an article published in PubMed in 2021, estimated that there were 4.0 million cases of basal cell carcinoma globally in 2019.
- Among the regions, Asia Pacific estimated to display the highest CAGR in the global basal cell carcinoma market over the forecast time frame, attributable to vital participants in the market are focusing on acquisition to enhance its product offering and increase its market share. For instance, in December 2016, Sun Pharmaceutical Industries Ltd, India’s biggest medication producer, planned to acquire skin cancer drug Odomzo from Swiss firm Novartis AG for a forthright installment of US$ 175 million. Odomzo is a pathway inhibitor meant for treating BCC that recurs following a surgery or radiation therapy, or for patients who are not candidates for surgery or radiation therapy.
- Central participants include Mylan N.V., Sanofi, F. Hoffmann-La Roche Ltd, Provectus Biopharmaceuticals, Inc., Taro Pharmaceutical Industries Ltd., Perrigo Company plc, Allergan, Bausch & Lomb Incorporated., Novartis AG., Sun Pharmaceutical Industries Ltd., and Merck & Co., Inc.
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Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Basal Cell Carcinoma Market Size Analysis from 2022 to 2028
11.6 COVID-19 Outbreak: Basal Cell Carcinoma Industry Impact
Chapter 2 Global Basal Cell Carcinoma Competition by Types, Applications, and Top Regions and Countries
2.1 Global Basal Cell Carcinoma (Volume and Value) by Type
2.3 Global Basal Cell Carcinoma (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Basal Cell Carcinoma Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America Basal Cell Carcinoma Market Analysis
Chapter 6 East Asia Basal Cell Carcinoma Market Analysis
Chapter 7 Europe Basal Cell Carcinoma Market Analysis
Chapter 8 South Asia Basal Cell Carcinoma Market Analysis
Chapter 9 Southeast Asia Basal Cell Carcinoma Market Analysis
Chapter 10 Middle East Basal Cell Carcinoma Market Analysis
Chapter 11 Africa Basal Cell Carcinoma Market Analysis
Chapter 12 Oceania Basal Cell Carcinoma Market Analysis
Chapter 13 South America Basal Cell Carcinoma Market Analysis
Chapter 14 Company Profiles and Key Figures in Basal Cell Carcinoma Business
Chapter 15 Global Basal Cell Carcinoma Market Forecast (2022-2028)
Chapter 16 Conclusions
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