Increasing product approvals by regulatory authorities surges global actinic keratosis market from USD 9.18 Bn in 2025
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Global
Actinic Keratosis Market Key Takeaways
• By treatment Type: The
topical therapy sub-segment is expected to represent USD 2.655 billion market share in 2025 This is
because people find it more convenient to apply lotions or gels to the affected
area rather than undergo particular procedures.
• By End User: The hospital
subsegment is expected to account for USD 3.05 billion of the market in 2025. This is due to hospitals'
improved diagnosis and treatment infrastructure, which allows them to handle
the condition more effectively.
• North America is expected
to have the biggest market share, accounting for nearly USD 3.62 billion of global revenue in 2024,
due to high illness prevalence rates and sophisticated healthcare
infrastructure. The Asia Pacific area is developing as the fastest-growing
market, driven by rising healthcare investments and an ageing population.
Actinic Keratosis Market
Report Coverage
Report Coverage Details Market Revenue in 2025 $9.18
billion Estimated Value by 2032 $13.01
billion Growth Rate Poised to grow at a CAGR of 5.1% Historical Data 2020 To 2024 Forecast Period 2025 To 2032 Forecast Units Value (USD Million/Billion) Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and
Trends Segments Covered By Treatment Type: Topical Treatment, Surgical Procedure
(Chemical peels, Cryosurgery, Curettage and desiccation, Others),
Photodynamic Therapy, and Others By End User: Hospitals, Dermatology Clinics, Spas and
Rejuvenation Centers, Homecare Settings, and Others Geographies Covered North America, Europe, Asia Pacific, and Rest of World Growth Drivers • Increasing Product Approvals by Regulatory Authorities • Increasing Research and Development Activities by Key Market
Players Restraints & Challenges • Side Effects of the Drugs Prescribed • High Cost of Advanced Treatment Options Regulatory Approvals and R&D Advancements Driving Growth A new report by Coherent Market Insights outlines significant
trends in actinic keratosis market. Increasing
product approvals by regulatory authorities, increasing research and
development activities by key market players fuels market growth for this market. Challenges Impacting Growth in the Actinic Keratosis Market
The Actinic Keratosis
market faces several challenges, including high treatment costs, which can
limit access, especially in emerging markets. Side effects from treatments like
cryotherapy and photodynamic therapy, such as pain or scarring, may deter
patients from opting for these options. Additionally, there is a lack of
awareness about the condition in certain regions, leading to delayed diagnosis
and treatment. The market also contends with competition from alternative skin
care treatments and the complexity of regulatory approval processes that can
delay the introduction of new therapies.
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Market Opportunities
Rising awareness and early
diagnosis can drive market growth, while the expanding healthcare infrastructure
in emerging markets presents a significant opportunity. There is also
increasing demand for minimally invasive treatments, such as photodynamic
therapy, and a growing focus on personalized medicine. Collaborations between
pharmaceutical companies and research institutions can accelerate new
therapies, while the aging global population and regulatory support for new
approvals further contribute to market expansion.
Emerging Market Trend Enhanced Healthcare
Infrastructure in Emerging Markets:
With the improving
healthcare systems in countries such as Asia-Pacific and Latin America, access
to high-level treatments for actinic keratosis is increasing. The trend is
aiding in fulfilling the increasing need for dermatological services. The
growing number of healthcare facilities and professionals is likely to fuel
market growth. Increasing Incidence Due to
UV Exposure Growing exposure to UV
radiation, particularly in sun-prone areas, is contributing to a rising
incidence of actinic keratosis. This situation is fueling demand for early
detection and effective treatments. As awareness increases, a growing number of
individuals are turning to proactive skin care measures.
Analyst View:
The market for actinic
keratosis is growing because of the growing incidence of the disease, enhanced
awareness of skin health, and technological progress in treatment. As more
emphasis is given to early diagnosis, customized treatment methods, and
minimally invasive interventions, the market is moving towards improved management
solutions like photodynamic therapy and targeted treatments. But despite the
high demand for affordable and accessible treatment, challenges such as high
treatment prices, side effects, and low awareness in emerging markets remain.
Strategic partnerships, regulatory assistance, and technological advancements
will be key drivers of the market, given the increasing demand for affordable
and accessible treatment, said senior analyst Ghanshyam Shrivastava. Competitor Insights Key companies in the global
actinic keratosis market include Key
Developments • In August 2023, Novartis
has bought Chinook Therapeutics for USD 3.2 billion with the objective of
expanding its pipeline of renal disease therapies. The acquisition indirectly
benefits Novartis in tackling intricate skin disorders such as actinic
keratosis, since systemic illnesses tend to be related to dermatological
health.
• In June 2024, Sun Pharma
finalized its merger with Taro Pharmaceutical Industries Ltd., a step aimed at
strengthening its dermatological product portfolio. This merger may include new
drugs for diseases like actinic keratosis, fitting into Sun Pharma's plan to
increase its foothold in the dermatology market.
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