According to a recent report by Growth Plus Reports, the global skin cancer treatment market was valued at US$ 9.20 billion in 2021 and is expected to surpass US$ 17.49 billion by 2030, at a revenue CAGR of 7.40%. The report analyzes top winning strategies, drivers & opportunities, competitive scenarios, wavering market trends, market size, statistics & estimations, and major investment pockets.
Key Takeaways:
- The rising prevalence of skin cancer will provide plenty of growth opportunities for the skin cancer treatment market.
- North America will dominate the global skin cancer treatment market.
- Increasing public awareness will fuel the growth of the skin cancer treatment market.
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Skin Cancer Treatment Market Scope
| Report Attribute | Details |
| Market size value in 2021 | US$ 9.20 billion |
| Revenue forecast in 2030 | US$ 17.49 billion |
| Growth Rate | CAGR of 7.4% from 2022 to 2030 |
| Base year for estimation | 2021 |
| Forecast period | 2022-2030 |
| Segments covered | Type, Therapy Type, End-Users, and Region. |
| Regional scope | North America, Europe, Asia Pacific, and the Rest of the World (ROW) |
Market Drivers
The increasing prevalence of skin cancer is the primary factor driving the revenue growth of the global market. Furthermore, increasing public awareness and rising government initiatives for early diagnosis and treatment contribute to market revenue growth. The launch of advanced drugs or medicines, a strong product pipeline, and approvals of novel therapies will support the market growth.
Market Segmentation
Growth Plus Reports has analyzed the global skin cancer treatment market from four perspectives: Type, Therapy Type, End-Users, and Region.
Type Segmentation: Based on the type, the global skin cancer treatment market is segmented into basal cell carcinoma, squamous cell cancer, melanoma, and others. The melanoma segment dominates the market with the largest revenue share because it is the most common type of skin cancer.
Therapy Type Segmentation: Based on the therapy type, the global skin cancer treatment market is segmented into immunotherapy, targeted therapy, radiotherapy, chemotherapy, and others. The chemotherapy segment dominates the market with the largest revenue share because it provides better results with reduced reoccurrence risk.
End-User Segmentation: Based on the end-user, the global skin cancer treatment market is segmented into hospitals, cancer research centers, and specialty clinics. The hospital segment dominates the market with the largest revenue share because it is considered the primary healthcare facility with a large footfall of patients, advanced healthcare infrastructure and the availability of better physicians and treatment facilities.
Regional Growth Dynamics
Based on the region, the global skin cancer treatment market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America dominates the global skin cancer treatment market due to the rising target patient pool, increasing penetration of market players, availabilty of advanced technologies and treatments, and approval of novel cancer drugs.
The European region is expected to register significant revenue growth because of the government’s active support, greater interest in drug development, and the rising prevalence of Parkinson’s and Alzheimer’s disease in this region.
Competitive Landscape
The major players operating in the global skin cancer treatment market are:
- Regeneron Pharmaceuticals, Inc.
- Amgen Inc.
- Pfizer Inc.
- Bristol-Myers Squibb Company
- CRS Holdings LLC.
- Sun Pharmaceutical Industries Ltd.
- Merck & Co.
- Hoffmann-La Roche Ltd.
- Novartis AG
- GlaxoSmithKline plc.
The skin cancer treatment market is moderately competitive with few key players. Key players operating in the market are implementing competitive sustainability tactics such as product development and regional presence growth. Major firms are aggressively acquiring other companies to strengthen their global market positions.
Recent developments:
- Sirnaomics Ltd. announced the interim results of part one of an ongoing Phase IIb clinical trial of STP705 for the treatment of Cutaneous Squamous Cell Carcinoma in Situ in December 2022. (isSCC). The drug showed positive clinical readouts in the part-one study of this Phase IIb trial.
- Regeneron Pharmaceuticals, Inc. and Checkmate Pharmaceuticals, Inc. entered into a definitive agreement in April 2022 for Regeneron to acquire Checkmate. With this acquisition, Regeneron plans to develop the lead candidate Vidutolimod, which is presently being tested in combination with other medicines for melanoma, non-melanoma skin cancers, and head and neck cancer.
Table of Content
- INTRODUCTION
- Market Ecosystem
- Timeline Under Consideration
- Historical Years – 2020
- Base Year – 2021
- Forecasted Years – 2022 to 2030
- Currency Used in the Report
- RESEARCH METHODOLOGY
- Research Approach
- Data Collection Methodology
- Data Sources
- Secondary Sources
- Primary Sources
- Market Estimation Approach
- Bottom Up
- Top Down
- Market Forecasting Model
- Limitations and Assumptions
- PREMIUM INSIGHTS
- Current Market Trends (COVID-19 Perspective)
- Key Players & Competitive Positioning (2021)
- MARKET DYNAMICS
- Drivers
- Restraints
- Opportunities
- GLOBAL SKIN CANCER TREATMENT MARKET- ANALYSIS & FORECAST, BY TYPES
- Basal Cell Carcinoma
- Squamous Cell Cancer
- Melanoma
- Others (Lymphoma, Kaposi Sarcoma, etc.)
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- Deep-rooted insights on market dynamics (drivers, restraints, opportunities) and business environment
- Blanket coverage on competitive landscape
- Winning imperatives
- Exhaustive coverage on ‘Strategic Developments’ registered by leading players of the market
CUSTOMIZATION OPTIONS:
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- Pricing Intelligence
- Customer Base Assessment
- Investment & Initiatives Analysis
- ‘Business Profile’ of Key Players
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