Skin Cancer Market Analysis
Numerous factors are adding to the Asia Pacific skin cancer market growth. These factors, according to the latest Market Research Future report, include promising products in the pipeline, high investment in research and development activities, favourable reimbursement policies, increasing awareness about skin cancer, increasing use of combination therapies, and growing prevalence of skin cancer.
On the contrary, long approval time for drugs, side effects related to the treatment, and strict regulatory guidelines may limit the Asia Pacific skin cancer market growth during the forecast period. Generally, this develops in areas that have prolonged exposure to the sun or HPV infections, yet this can also develop in places that do not usually get sun exposure.
There are three main types of skin cancer- melanoma, squamous-cell carcinoma, and basal cell carcinoma. Not all skin cancers are identical and may not cause many symptoms. Unusual changes in the skin may be a warning indication for various forms of cancer. The skin cancer market is projected to grow at an 8.8% CAGR between 2017-2023, states the new Market Research Future (MRFR) report. Skin cancer, simply put, is an abnormal skin cell growth.
It is vital to watch for symptoms such as skin lesions, asymmetry, ragged/uneven edges, unusual color (red, blue, black, pink, or white), the diameter, and change in the shape, size, or color of the mole. The recommended skin cancer treatment plan will rest on a couple of factors such as stage, type, location, as well as the size of the skin cancer.
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Skin Cancer Market Regional Analysis
Based on the region, the Asia Pacific skin cancer market is segmented into Australia, the Republic of Korea, China, Japan, and the Rest of the Asia Pacific. The skin cancer market in this region is the fastest growing. Rising prevalence of skin cancer in Japan and China is adding market growth in the region. Of the total number of cases, 80% are basal cell carcinoma, 6% are squamous cell carcinoma, and the remaining 4% cases are melanoma. Rising government support for constant development and research in technology is a key factor propelling the Asia Pacific skin cancer market growth.
Skin Cancer Market Key Players
Leading players profiled in the Asia Pacific skin cancer market report include Merck & Co. Inc. (US), iCAD Inc. (Sweden), Meda AB (US), Valeant Pharmaceuticals Inc (Canada), Aqua Pharmaceuticals LLC (US), Boehringer Ingelheim GmbH (Germany), Bristol Myers Squibb Co. (US), Eli Lilly and Co. (US), Oncothyreon Inc. (US), Mylan Pharmaceutical Inc. (US), Moberg Pharma AB (Sweden), LEO Pharma A/S (Denmark), Cellceutix Corp. (US), Cannabis Science Inc. (US), Varian Medical Systems Inc. (US), Elekta AB (Sweden), Sun Pharma Industries Ltd. (India), Novartis International AG (Switzerland), and F. Hoffmann-la Roche Ltd. (Switzerland). Key players have incorporated several strategies to create a foothold in the market, such as mergers and acquisitions, extensive research and development activities, strategic alliances, joint ventures, product development and innovations, and others.
Skin Cancer Market Segmentation
The Market Research Future report provides a complete segmental analysis of the global Asia Pacific skin cancer market based on end users, treatment, and type.
By type, the skin cancer market is segmented into melanoma, squamous-cell carcinoma, and basal cell carcinoma.
By treatment, the Asia Pacific skin cancer market is segmented into surgical, chemotherapy, non-invasive, and others. Non-invasive treatments are again segmented into cryotherapy, photodynamic therapy, radiotherapy, laser therapy, and others. The chemotherapy segment is again segmented into targeted and systematic. The surgical treatment is further segmented into Mohs micrographic surgery, cryosurgery, photodynamic therapy, and others.
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By end users, the Asia Pacific skin cancer market is segmented into cancer research institutes, diagnostic centers, hospitals and clinics, and others.
Skin Cancer Industry News
A nonsurgical treatment called brachytherapy is likely to treat skin cancer in the case of older adults and also those who may have complications after undergoing surgery as per a latest research. Older people with nonmelanoma skin cancers at an early stage on their neck or head will benefit largely from this treatment.
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