The worldwide actinic keratosis market is anticipated to expand as a result of the leading competitors in the industry launching an increasing number of generic products. For instance, the generic form of Solaraze Gel, 3% (diclofenac sodium gel, 3%), Diclofenac sodium gel, 3%, was introduced by the healthcare business Perrigo Company plc in November 2018. Actinic keratosis may be treated topically with Solaraze Gel, 3%.
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The worldwide actinic keratosis market is anticipated to increase as additional drugs are approved by regulatory agencies for the treatment of the condition. For instance, the U.S. Food and Drug Administration (FDA) granted approval for the topical treatment of actinic keratosis (AK) of the face or scalp to Klisyri (tirbanibulin) in December 2020, according to a statement from Almirall, S.A., a global biopharmaceutical company specialising in skin health.
On December 31, 2019, Wuhan, China, received the first reports of the coronavirus (COVID-19) pandemic. On March 11, 2020, the World Health Organization (WHO) designated COVID-19 to be a pandemic. The global supply chain for all critical goods has been hampered by the COVID-19 epidemic. Global supply chains and manufacturing operations have been affected as a result of government-enforced lockdowns, mobility restrictions, and other COVID-19 safety measures. However, the global shutdown and coronavirus (COVID 19) pandemic have had an effect on the financial health of companies across all industries. One of the areas most affected by the COVID-19 epidemic is the private healthcare industry. Additionally, the coronavirus pandemic has had a detrimental effect on the research, manufacturing, and supply of pharmaceuticals made by numerous corporations in North America, Europe, and Asia Pacific that are used to treat a variety of illnesses, including skin ailments. The application of lockdown during the COVID-19 pandemic has an impact on both the supply and manufacture of medicinal items. The shutdown of industrial facilities, with the exception of those producing necessities, and the interruption of the pharmaceutical goods’ supply chain are the results of this lockdown. Additionally, a June 2021 Science-Direct Journal article regarding the effects of the COVID-19 pandemic on pharmaceutical supply chains and systems claims that such effects have negatively impacted access to and availability of necessary medications, including pharmaceuticals and antimicrobials. Most medical stores had longer lead times since there was less cross-border exchange of goods and services, as well as less capacity and manufacturing capability domestically. Additionally, a review report detailing the COVID-19 pandemic’s effects on medicine shortages and manufacturing prices throughout the world was released in November 2020 by the European Pharmaceutical Review journal. The COVID-19 epidemic has reportedly caused issues including medicine hoarding, delayed transit, and others, according to the same source.
As a result, throughout the anticipated period, the worldwide actinic keratosis market was negatively impacted by the coronavirus (COVID-19) pandemic.
The worldwide actinic keratosis market is anticipated to rise as a result of key companies’ efforts to increase the reach of their products in untapped markets.
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For instance, Mayne Pharma Group Limited said in June 2021 that it had obtained a license from Almirall, SA, giving it the right to manufacture and sell SOLARAZE gel and ACTIKERALL topical solution in Australia. The Australian Therapeutic Goods Administration has authorized both medications, which are intended for the treatment of actinic keratosis (TGA).
The projected term is estimated to see a CAGR of 4.7% in the global actinic keratosis market. The worldwide actinic keratosis market is anticipated to increase as a result of leading market players investing more in research & development for the creation of new drugs. For instance, in July 2018, the biopharmaceutical firm Vidac announced the start of a Phase 2b clinical study of its VDA-1102 ointment to treat patients with actinic keratosis (AK), an early stage of the common non-melanoma skin cancer cutaneous squamous cell carcinoma (cSCC).
Over the course of the forecast period, the global actinic keratosis market is anticipated to grow at the greatest CAGR in North America. The worldwide actinic keratosis market is anticipated to expand as a result of an increase in product approvals from regulatory agencies for the treatment of actinic keratosis. For instance, the pharmaceutical business Perrigo company plc declared in November 2017 that the generic form of Picato Gel (ingenol mebutate) 0.05% had been granted provisional clearance by the U.S. Food and Drug Administration (FDA). Actinic keratosis topical therapy is advised for it.
Mayne Pharma Group Limited, Almirall, 3M, S.A., Vidac Inc. Athenex, Inc., Bausch Health Companies Inc., Vidac, Perrigo Company plc, Cipher Pharmaceuticals Inc., Sun Pharmaceutical Industries Ltd., Biofrontera AG, Hill Dermaceuticals Inc., Tolmar Pharmaceuticals Inc., and Spear Pharmaceuticals Inc. are significant market participants in the actinic keratosis market worldwide.
Reasons to buy this Actinic Keratosis Market Report
☑ It attempts an analysis of the competing scenario.
☑ The current and exceptional product revenue market.
☑ An in-depth data on the regional investigation and competitive landscape structure.
☑ It benefits in creating an awareness of the important key product segments.
☑ The marketing strategies, opportunities, and development factors are explained.
☑ Actinic Keratosis market size estimation and recent advancements in the industry are explained.
The Study Objectives are:
✔ A comprehensive insight into key players operating in the Actinic Keratosis Market and their corresponding data.
✔ It includes product portfolio, annual revenue, expenditure on research and development, geographical presence, key developments in recent years, and growth strategies.
✔ Regional analysis, which includes insight into the dominant market and corresponding market share.
✔ It also includes various socio-economic factors affecting the evolution of the market in the region.
✔ The report offers a comprehensive insight into different individuals from value chains such as raw materials suppliers, distributors, and stockholders.
Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Actinic Keratosis Market Size Analysis from 2022 to 2028
11.6 COVID-19 Outbreak: Actinic Keratosis Industry Impact
Chapter 2 Global Actinic Keratosis Competition by Types, Applications, and Top Regions and Countries
2.1 Global Actinic Keratosis (Volume and Value) by Type
2.3 Global Actinic Keratosis (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 Actinic Keratosis Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America Actinic Keratosis Market Analysis
Chapter 6 East Asia Actinic Keratosis Market Analysis
Chapter 7 Europe Actinic Keratosis Market Analysis
Chapter 8 South Asia Actinic Keratosis Market Analysis
Chapter 9 Southeast Asia Actinic Keratosis Market Analysis
Chapter 10 Middle East Actinic Keratosis Market Analysis
Chapter 11 Africa Actinic Keratosis Market Analysis
Chapter 12 Oceania Actinic Keratosis Market Analysis
Chapter 13 South America Actinic Keratosis Market Analysis
Chapter 14 Company Profiles and Key Figures in Actinic Keratosis Business
Chapter 15 Global Actinic Keratosis Market Forecast (2022-2028)
Chapter 16 Conclusions
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