Overview and Scope
Skin cancer drugs refer to chemotherapy drugs that are used to treat skin cancer. Skin cancer refers to aberrant skin cell proliferation, which most frequently appears on sun-exposed skin. However, this prevalent type of cancer can also develop on parts of your skin that are not often exposed to sunlight. Skin cancer can be of various types including actinic keratoses, basal cell carcinoma, squamous cell carcinoma, or melanoma. Examples of skin cancer drugs include 5-FU, Aldara, and Efudex.
Sizing and Forecast
The skin cancer drugs market size has grown rapidly in recent years. It will grow from $4.16 billion in 2023 to $4.73 billion in 2024 at a compound annual growth rate (CAGR) of 13.8%. The growth in the historic period can be attributed to increasing incidence of skin cancer, sun exposure and uv radiation concerns, advancements in diagnostics, changing demographics and aging population, regulatory approvals and clinical research.
The skin cancer drugs market size is expected to see rapid growth in the next few years. It will grow to $7.65 billion in 2028 at a compound annual growth rate (CAGR) of 12.8%. The growth in the forecast period can be attributed to immunotherapy advancements, precision medicine and biomarker research, patient education and awareness programs, global collaborations in research, expanding therapeutic options. Major trends in the forecast period include combination therapies for enhanced effectiveness, adoption of personalized medicine approaches, development of topical treatments, increased focus on early detection and prevention, exploration of novel drug delivery systems.
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Segmentation & Regional Insights
The skin cancer drugs market covered in this report is segmented –
1) By Type: Actinic Keratoses (AK), Basal cell carcinoma (BCC), Squamous cell carcinoma (SCC), Melanoma
2) By Drug Class: Chemotherapy, Immunotherapy, Targeted Agents & Other Drugs
3) By End Users: Hospitals, Cancer Research Centers, Clinics
North America was the largest region in the skin cancer drugs market in 2023. Middle East is expected to be the fastest-growing region in the global skin cancer drugs market during the forecast period. The regions covered in the skin cancer drugs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
A significant rise in the prevalence of skin cancer is driving the demand for drugs for Skin Cancer. To treat such high cases of skin cancer, more new innovative skin cancer drugs are being manufactured.in 2022, according to The American Cancer Society, a US-based organization, approximately 99,780 new melanoma skin cancer is diagnosed and approximately 7,650 people are expected to die of melanoma skin cancer every year. This is boosting the demand for skin cancer drugs and thus driving the skin cancer drugs market.
Key Industry Players
Major companies operating in the skin cancer drugs market report are Pfizer Inc., Meda Pharmaceuticals, Roche Holding AG, Merck & Co. Inc., AbbVie Inc., Novartis International AG, Sanofi SA, Bristol Myers Squibb Company, AstraZeneca PLC, GlaxoSmithKline plc, Takeda Pharmaceutical Company Limited, Eli Lilly and Company, Boehringer Ingelheim International GmbH, Mylan N.V., Daiichi Sankyo Company Limited, Bausch Health Companies Inc., Valeant Pharmaceuticals, Sun Pharmaceutical Industries Ltd, Ipsen Pharma, Varian Medical Systems Inc., Kyowa Kirin Co. Ltd., QIAGEN N.V., Elekta AB, Cannabis Science Inc., LEO Pharma A/S, Aqua Pharmaceuticals, iCAD Inc., AB Science, Cellceutix Corporation, Eisai Co. Ltd., Otsuka Pharmaceutical Co. Ltd., Seattle Genetics Inc.
The skin cancer drugs market report table of contents includes:
1. Executive Summary
2. Skin Cancer Drugs Market Characteristics
3. Skin Cancer Drugs Market Trends And Strategies
4. Skin Cancer Drugs Market – Macro Economic Scenario
5. Global Skin Cancer Drugs Market Size and Growth
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32. Global Skin Cancer Drugs Market Competitive Benchmarking
33. Global Skin Cancer Drugs Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Skin Cancer Drugs Market
35. Skin Cancer Drugs Market Future Outlook and Potential Analysis
36. Appendix
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