What is Skin Neoplasms Market Scope?
Skin neoplasm is an unusual growth on human skin. The word neoplasm is sometimes used interchangeably with cancer, but neoplasms can also be noncancerous. Increasing skin diseases is propelling the growth of the global skin neoplasm treatment market in the forecast period. World Health Organization predicts that around 2-3 million non-melanoma skin cancers and 1-1.5 million melanoma skin cancers cases are reported every year with one in three cancers diagnosed is skin cancer and one in five Americans develop skin cancer in their lifetime.
The Skin Neoplasms market study is being classified by Type (Benign Neoplasms (Skin Tags, Cherry Angioma, Dermatofibroma, Epidermoid Cyst, Keratoacanthoma, Lipoma, Pyogenic Granuloma, Sebaceous Hyperplasia, and Seborrheic Keratosis) and Malignant Neoplasms (Basal Cell Carcinoma, Squamous Cell Carcinoma, Melanoma, Merkel Cell Carcinoma, Kaposi Sarcoma, and Lymphoma of the Skin)) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Companies are highly investing in R & D and are collaborating with other companies for developing products. Solaraze, Aldara, Erivedge, Carac are some of the major drugs for the treatment of skin neoplasms in the market.The Players having a strong hold in the market are F. Hoffmann-la Roche Ltd., Novartis International AG, Sun Pharma Industries Ltd., and Elekta AB. Research Analyst at AMA predicts that Players from United States will contribute to the maximum growth of Global Skin Neoplasms market throughout the predicted period.
F. Hoffmann-la Roche Ltd. (Switzerland), Novartis International AG (Switzerland), Sun Pharma Industries Ltd. (India), Elekta AB (Sweden), Varian Medical Systems Inc. (United States), Cannabis Science Inc. (United States), Cellceutix Corp. (United States), LEO Pharma A/S (Denmark), Moberg Pharma AB (Sweden), Mylan Pharmaceutical Inc. (United States), Oncothyreon Inc. (United States), Eli Lilly and Co. (United States), Bristol Myers Squibb Co. (United States) and Boehringer Ingelheim GmbH (Germany) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Aqua Pharmaceuticals LLC (united States), Valeant Pharmaceuticals Inc (Canada), Meda AB (US), iCAD Inc. (Sweden) and Merck & Co. Inc. (United States).
Analyst at AMA have segmented the market study of Global Skin Neoplasms market by Type, Application and Region.
On the basis of geography, the market of Skin Neoplasms has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
On 5th May 2020, Sanofi and Regeneron’s PD-1 inhibitor Libtayo in patients with advanced basal cell carcinoma (BCC) who had progressed on or were intolerant to prior hedgehog pathway inhibitor (HHI) therapy were announced.
Influencing Market Trend
- Prevalence of Skin Cancer is Increasing Owing to Depleting Ozone Level
- Growing Incidents of Skin Cancers
- Increasing Healthcare Spending in Developing Economies
- Growing Technological Innovations for the Development of Drugs and Treatment
- Side Effects Associated with the Treatment
- Strict Regulation Regarding Drugs
Key Target AudienceSkin Neoplasms Drug Manufacturers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others
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