May 12, 2020 5:35 PM ET
iCrowd Newswire – May 12, 2020
The Global Actinic Keratosis Treatment Market is estimated to grow at a CAGR of 4.2% during the forecast period 2019-2026. As per the detailed market study, the global market was valued $1.12 billion in the year 2018 and is anticipated to reach $1.56 billion by the end of the year 2026.
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Actinic Keratosis is generally known as solar keratosis, it is a condition of scaly and rough patch on the skin due to long sun exposure over the years and is commonly found on neck, scalp, forearms, ears, lips and face. It is also considered as early form of cutaneous keratinocyte cancer or squamous cell carcinoma.
The Global Actinic Keratosis Treatment Market is driven by various growth factors such as increasing prevalence of actinic keratosis, growth in government expenditure on healthcare and presence of potential pipeline drugs to treat actinic keratosis. Whereas, availability of alternative treatment options may hinder the market growth over the forecast period.
Segmentation Overview of the Global Actinic Keratosis Treatment Market
The Global Actinic Keratosis Treatment Market is segmented on the basis of Drug, Type and Distribution Channel. These major market segments are further categorized into various sub-segments to study the market in detail.
The Drug Type Segment of the Global Actinic Keratosis Treatment Market is Sub-Segmented into:
The Type Segment of the Global Actinic Keratosis Treatment Market is Sub-Segmented into:
The Distribution Channel Segment of the Global Actinic Keratosis Treatment Market is Sub-Segmented into:
- Hospital Pharmacies
- Drug Stores & Retail Pharmacies
- Online Providers
Geographical Overview of the Global Actinic Keratosis Treatment Market
On the basis of geographical segmentation, the global actinic keratosis treatment market was studied across North America (U.S., Canada and Mexico); Europe (Germany, UK, Russia, France and Rest of Europe); Asia Pacific (China, India, Japan, Korea and Rest of Asia Pacific); LAMEA (Brazil, Saudi Arabia and Rest of LAMEA). As per the analysis, the North America actinic keratosis treatment market dominated the global marketplace with ~50% of the market share in the year 2018 and is estimated to continue the dominance over the forecast period 2019-2026. The regional growth is attributed to increasing awareness related to healthcare, increased adoption of actinic keratosis treatment drugs in the region and development related to actinic keratosis treatment therapeutics. Moreover, the Asia-Pacific region is estimated to grow at fastest growth with highest CAGR of ~6.3% during the forecast period. The regional growth is attributed to rise in prevalence of actinic keratosis in southern areas of the region, growth in awareness related to actinic keratosis treatment and increasing disposable income of the population based in the APAC region.
Key Players Insights
The market research report compiled by Report Ocean offers detailed market insights and the company profile section of the research report offers real-time snapshot of the global actinic keratosis treatment market. The company profile chapter include various sections to categorize the study into different topics. Some of the sections are company overview, company snapshot, operating business segments, product portfolio, business performance and key strategic developments. Some of the key players included in research report are 3M Company, Stanford Chemicals, Novartis AG, Biofrontera, Inc., Sun Pharmaceutical Industries Ltd. (DUSA Pharmaceuticals, Inc.), Mylan N.V., LEO Pharma A/S, Hill Dermaceuticals, Inc., Bausch Health Companies Inc. and Almirall, S.A. among others.
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Keywords: Actinic Keratosis Treatment Market