Global Actinic Keratosis Treatment Market Calculated to Value Over USD 8.5 Billion by 2029 End

  • 03 Jul 2019

Global Actinic Keratosis Treatment Market is calculated to value over USD 8.5 Billion by 2029 end and register a CAGR of over 4% from 2019 to 2029

Actinic keratosis is mainly observed in regions with a thin ozone layer as it is caused by prolonged exposure to dangerous UV rays which can result into squamous cell carcinoma. It is mainly observed in men and around 20% of patients with injuries from actinic keratosis create dangerous squamous cell carcinoma. 

Market Growth Influencers:
There has been a rise in the number of actinic keratosis across the world and drug regulating authorities have taken initiatives for providing field-directed treatment for such cases which has boosted the market to grow globally. Furthermore, minimally invasive therapeutic methods are being recognised widely across the world which is driving the market further. Added important driving factor for the market growth is the rising geriatric population who are more prone to develop actinic keratosis.

Insights on Global Actinic Keratosis Treatment Market:
1.    By Region

•    North America
•    Europe
•    Asia Pacific
•    Middle East & Africa
•    Latin America
Actinic keratosis is prominently observed in the North American region due to the presence of a thin ozone layer in the region and hence this region dominates the global market. Additionally, patients highly prefer minimally invasive treatments and they are capable of spending on such treatments which drives the market further. Furthermore, the majority of the vendors providing minimally invasive treatments are present in the U.S which strengthens their market position thus resulting in their domination over the market. 

Asia Pacific region has huge potential for substantial market growth. Australia in particular has a prominent occurrence of actinic keratosis and it is found in around 40%-50% of the adult population. Creating awareness regarding actinic keratosis and implementation of efficient social insurance are some of the factors that will help this market space to strengthen its position.

2.    By Treatment Type
•    Topical Treatment 
o    5-Fluorouracil Cream
o    Diclofenac Gel
o    Imiquimod Cream
o    Ingenol Mebutane Gel

•    Photodynamic Therapy (PDT)
•    Procedural Modality
o    Chemical Peels
o    Cryotherapy
Topical medications dominated this market in 2018 due to its profound market penetration and easy availability. Additionally, this treatment has a low risk of creating scars on a patient’s body which drives this segment further. 
Photodynamic treatment is the fastest growing segment due to a reduction in the number of treatment sessions and a rising interest in non-obtrusive surgeries.

3.    By End User
•    Hospitals
•    Private Dermatology Clinics
•    Laser Therapy Centres
•    Cancer Treatment Centres
•    Spas & Rejuvenation Centres
•    Home Care
Hospital segment dominates this market due to the ease of accessibility and availability of actinic keratosis treatments to patients. The key driving factor for this segment to grow is the rise in healthcare services.
Homecare is expected to witness rapid market growth during the forecast period. This is due to a rise in the awareness of consumers and the plethora of self-care treatment options that are available and are affordable to everyone.

4.    By Disease Type
•    Clinical Actinic Keratosis
•    Sub-Clinical Keratosis

Prominent Players:
•    Galderma
•    DUSA Pharmaceuticals
•    Athenex Inc.
•    Chongqing Jingdong Junzhou Pharmaceuticals Co. Ltd
•    Bausch Health Companies Inc.
•    LEO Pharma A/S
•    Sun Pharmaceutical Industries Ltd.
•    Novartis International AG
•    Hill Dermaceuticals
Athenex Inc. and Chongqing Jingdong Junzhou Pharmaceuticals Co. Ltd announced a partnership in January 2019 for the development of an ointment KX2-391 for treating actinic keratosis in China. This partnership will be helpful for both the parties to strengthen their market position considering how big and important the Chinese market region is.

Competitive Landscape:  

●    Tier 1 players- established companies in the market with a major market share  

●    Tier 2 players 

●    Emerging players which are growing rapidly 

●    New Entrants  

FutureWise Key Takeaways:
•    Growth prospects
•    SWOT analysis 
•    Key trends 
•    Key data-points affecting market growth 

Objectives of the Study:
•    To provide with an exhaustive analysis on the global actinic keratosis treatment market by region, by treatment type, by end user, by disease type
•    To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
•    To evaluate and forecast micro-markets and the overall market 
•    To predict the market size, in key regions (along with countries)— North America, Europe, Asia Pacific, Middle East & Africa and Latin America
•    To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
•    Profiling of companies to evaluate their market shares, strategies, financials and core competencies 


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