DUBLIN–(BUSINESS WIRE)–The “Actinic Keratosis Treatment Market Size, Share & Trends Analysis Report by Therapy (Topical, Surgery, Photodynamic Therapy), by Drug Class, by End-use, by Region, and Segment Forecasts, 2022-2030” report has been added to ResearchAndMarkets.com’s offering.
The global actinic keratosis treatment market size is anticipated to reach USD 8.93 billion by 2030., expanding at a CAGR of 4.1% from 2022 to 2030. The market is expected to witness growth opportunities owing to factors such as the wide availability of actinic keratosis therapeutics, rising awareness about the disease, and the rise in AK treatment. Moreover, the increasing prevalence of actinic keratosis and the rising geriatric population across the globe are expected to fuel the market growth during the forecast period.
Invasive squamous cell carcinoma may develop from AK when it becomes malignant (iSCC). Despite the fact that there are a number of potential causes for iSCC, AK is one of the most frequent ones. Additionally, basal cell carcinoma and non-melanoma skin cancer could result from AK. As a result, the demand for AK products across sales channels is being driven by the early diagnosis and treatment of actinic keratosis as a preventive strategy for comorbidities.
In addition, future pipeline medications and the increased use of combination therapy are key market drivers. For instance, Almirall, S.A. has Klisyri (extended label) in phase III of R&D. Furthermore, a rise in the acceptance and commercialization of innovative drugs is another factor that is predicted to fuel market growth. Moreover, increased R&D activities are expected to accelerate the approval of novel drugs used in the treatment of actinic keratosis, hence, propelling the growth over the forecast period.
Key players are adopting strategic initiatives such as product launches, partnerships, and expansion strategies to increase their market share across the globe. For instance, in June 2022, BIOFRONTERA AG announced that its license and marketing authorization holder Louis Widmer SA based in Switzerland has received an extension of its marketing authorization for the management of actinic keratosis in the trunk, extremities, and neck with Ameluz. Moreover, in July 2020, BIOFRONTERA AG announced that it has signed an agreement with Galenica AB for the marketing of BF-RhodoLED and Ameluz in Norway, Finland, Norway, and Iceland.
Market Dynamics
Market Drivers
- Increasing Prevalence of Actinic Keratosis Coupled With Rising Geriatric Population
- Rising Awareness Among People and Presence of Robust Treatment Options
Market Restraints Analysis
- Availability of Generic Preparations
- Side Effects Associated With the Drug Treatment
Actinic Keratosis Treatment Market Report Highlights
- In 2021, the surgery segment dominated the market owing to the rising adoption of cryotherapy surgery in the management of actinic keratosis
- The nucleoside metabolic inhibitor segment held the largest share in 2021 and is expected to retain its dominance over the forecast period
- Asia Pacific is expected to register the highest CAGR over the forecast period due to factors such as the high prevalence of AK, rapidly evolving healthcare infrastructure, and rising healthcare expenditures by Asia Pacific countries
- North America dominated in 2021 due to the rising awareness among people about actinic keratosis, availability of robust treatment options, and improvements in healthcare infrastructure
Key Topics Covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Actinic Keratosis Treatment Market – Industry Outlook
Chapter 4 Actinic Keratosis Treatment Market Analysis: Therapy Scope, 2018 – 2030 (Revenue, USD Million)
Chapter 5 Actinic Keratosis Treatment Market Analysis: Drug Class Scope, 2018 – 2030 (Revenue, USD Million)
Chapter 6 Actinic Keratosis Treatment Market Analysis: End-use Scope, 2018 – 2030 (Revenue, USD Million)
Chapter 7 Actinic Keratosis Treatment Market Analysis, Regional Scope, 2018 – 2030, (Revenue, USD Million)
Chapter 8 Actinic Keratosis Treatment Market: Competitive Analysis
Companies Mentioned
- Almirall S.A.
- Leo Pharma A/S
- Sun Pharmaceutical Industries Ltd.
- Novartis AG
- Galderma
- Ortho Dermatologics (Bausch Health Companies Inc.)
- Biofrontera AG
- Hill Pharmaceuticals, Inc.
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