Dublin, Aug. 01, 2023 (GLOBE NEWSWIRE) -- The "Actinic Keratosis Treatment Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.
The report presents insights into the actinic keratosis treatment market, covering trends, growth projections, and major players in the industry.
Actinic keratosis treatment plays a crucial role in combating this skin disease caused by sun exposure. With a focus on reducing the risk of developing the condition, the treatment involves protective measures against harmful ultraviolet (UV) rays and limiting sun exposure.
The actinic keratosis treatment market is expected to experience a compound annual growth rate (CAGR) of 8.2%, rising from $2.75 billion in 2022 to $2.98 billion in 2023. Over the forecast period, it is projected to reach $3.89 billion by 2027 at a CAGR of 7%.
One of the key trends shaping the market is the integration of innovative therapies by major industry players. Companies are introducing cutting-edge products to sustain their positions and cater to the growing demand for effective treatment solutions.
North America emerged as the largest region for actinic keratosis treatment in 2022, while Asia-Pacific is expected to witness the fastest growth during the forecast period. The report covers regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The report analyzes several countries, including Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.
The growing prevalence of actinic keratosis is a major driver fueling market growth. This skin condition, characterized by rough, scaly areas resulting from prolonged sun exposure, leads to an increased demand for actinic keratosis treatment products, potential medications in research, and topical treatments. According to the World Cancer Research Fund International, the number of new actinic keratosis cases rose to 197,700 in 2022, emphasizing the need for effective treatment solutions.
The actinic keratosis treatment market encompasses various treatments such as topical treatment, procedural modality, photodynamic therapy, and others. Medications include fluorouracil cream, imiquimod cream, ingenol mebutate gel, and diclofenac gel. The market serves hospitals, private dermatology clinics, laser therapy centers, cancer treatment centers, spas and rejuvenation centers, and homecare.
Leading players in the actinic keratosis treatment market include Sun Pharmaceutical Industries Ltd., Novartis AG, Hill Dermaceuticals, Inc., Bausch Health Companies, Inc., LEO Pharma A/S, Almirall, S.A., Biofrontera AG, Galderma S.A, Mylan N.V., Cipher Pharmaceuticals Inc., Stanford Chemicals, Glaxo Smith Kline plc., Pierre Fabre Pharmaceuticals Inc., and Tolmar Pharmaceuticals.
The comprehensive report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies. It provides valuable insights into the industry's historic and forecast market growth by geography.
As the global market adapts to changing conditions, companies can leverage the report's findings to identify growth segments and implement strategies to outperform competitors.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 200 |
| Forecast Period | 2023 - 2027 |
| Estimated Market Value (USD) in 2023 | $2.98 billion |
| Forecasted Market Value (USD) by 2027 | $3.89 billion |
| Compound Annual Growth Rate | 6.9% |
| Regions Covered | Global |
Company Profiles:
- Sun Pharmaceutical Industries Ltd.
- Novartis AG
- Hill Dermaceuticals, Inc.
- Bausch Health Companies, Inc.
- LEO Pharma A/S
- Almirall, S.A.
- Biofrontera AG
- Bioforntera AG
- Galderma S.A
- Mylan N.V.
- Cipher Pharmaceuticals Inc.
- Stanford Chemicals
- Galderma S.A
- Glaxo Smith Kline plc.
- Pierre Fabre Pharmaceuticals, Inc.
- Tolmar Pharmaceuticals
For more information about this report visit https://www.researchandmarkets.com/r/mbamm5
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