An overhead shot of hands full of drugs on an orange background
The Skin Cancer Drugs Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Skin Cancer Drugs Global Market Report 2024, 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.
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.
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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
Companies in the Skin Cancer Market are increasingly looking for Strategic Alliances with other companies in the market. Strategic Alliance would help companies to enhance their R&D capability, expedite the development process of new drugs, and reinforce their competitive position in the market. For example, Leo Pharma has formed a strategic alliance with PellePharm, to develop a drug to treat a very rare form of skin cancer called Gorlin syndrome. MorphoSys and LEO Pharma strategically worked together to develop antibodies for the treatment of skin cancer. Pfizer had entered into a strategic alliance with Merck KGaA to manufacture an innovative drug for skin cancer.
The skin cancer drugs market report table of contents includes:
1. Executive Summary
2. Skin Cancer DrugsMarket Characteristics
3.Skin Cancer Drugs Market Trends And Strategies
4.Skin Cancer Drugs Market anlysis
5.Skin Cancer Drugs Market Size And Growth
6.Skin Cancer Drugs Segmentation
7.Skin Cancer Drugs Regional And Country Analysis
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27.Skin Cancer Drugs Competitive Landscape And Company Profiles
28.Skin Cancer Drugs Key Mergers And Acquisitions
29.Skin Cancer Drugs Future Outlook and Potential Analysis
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