Actinic Keratosis Treatment Market Overview, Analysis And Demand By 2034
Created for forward-thinking professionals, this report equips teams with the insights needed to compete effectively in the actinic keratosis treatment space.
What Is The Current Outlook For The Actinic Keratosis Treatment Market By 2025?
The actinic keratosis treatment market size has grown strongly in recent years. It will grow from $3.2 billion in 2024 to $3.41 billion in 2025 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to treatment adherence, market competition, patient education initiatives, dermatological practices, research and clinical trials.
The actinic keratosis treatment market size is expected to see strong growth in the next few years. It will grow to $4.59 billion in 2029 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to patient education and engagement, digital health integration, growing awareness, focus on preventive dermatology, personalized medicine trends. Major trends in the forecast period include shift towards combination therapies, technological advancements, personalized treatment approaches, increasing incidence rates, minimally invasive treatments.
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What Are The Key Driving Factors For The Growth Of The Actinic Keratosis Treatment Market?
The growing prevalence of actinic keratosis is expected to propel the growth of the actinic keratosis treatment market going forward. An actinic keratosis refers to a rough, scaly area of skin that appears as a result of years of exposure to the sun. Actinic keratosis treatment helps to identify and treat precancerous lesions by reducing their risk. Growing actinic keratosis prevalence leads to increased demand for actinic keratosis treatment products, potential medications in research, and recommendations for the use of topical treatments. For instance, in February 2022, according to an article by World Cancer Research Fund International, a UK-based organization, there were more than 150,000 new cases of actinic keratosis in 2020, which increased to 197,700 cases in 2022. Therefore, the growing prevalence of actinic keratosis drives the actinic keratosis treatment market.
Global Actinic Keratosis Treatment Market Report Segmentation
The actinic keratosis treatmentmarket 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
What Are The Key Trends And Market Opportunities In The Actinic Keratosis Treatment Sector?
Major companies operating in the actinic keratosis treatment market are focusing on developing innovative products such as prescription medication to enhance treatment efficacy, improve patient outcomes, and expand their product offerings. Prescription medication is a drug that can only be dispensed with a healthcare provider's written authorization, detailing the medication name, dosage, and duration. These medications are used to treat specific medical conditions and require careful monitoring due to possible side effects. For instance, in December 2022, Biofrontera AG, a Germany-based pharmaceutical company, launched Ameluz., a topical gel containing 5-aminolevulinic acid, which is used in conjunction with photodynamic therapy (PDT) to treat mild to moderate actinic keratoses (AK) and certain types of basal cell carcinoma. The treatment involves applying the gel to affected areas on the skin, followed by exposure to light from a BF-RhodoLED lamp, which activates the medication.
Who Are The Leading Players 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.
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Which Region Is Projected To Hold The Largest Market Share In The Global Actinic Keratosis Treatment Market By 2029?
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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