Global Basal Cell Carcinoma Therapeutics Market is Expected to Witness a Steady Growth by 2025
Basal Cell Carcinoma (BCC) is a form of non-melanocytic skin cancer that arises from basal cells, the small, round cells present in the lower epidermis. Around 85% of BCCs occur on the face, head and neck. BCCs usually do not spread or metastasize to other parts of body, they become life threatening by metastasis only in extremely rare cases. According to the American Cancer Society, BCCs constitute around 80% of all non-melanoma skin cancers. Australia has been found to have the highest rate of basal cell carcinoma across the globe. Exposure to ultraviolet radiation is considered as the major cause behind BCC. Use of immunosuppressant drugs further enhance the chances of BCC as the immune system is compromised. White people are more vulnerable to BCC comparatively, according to a research published in the British Medical Journal. The symptoms of BCCs include waxy papules (slightly transparent bump) with pearly appearance and central depression and bleeding from the papules.
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The factors driving the growth of the global Basal Cell Carcinoma Therapeutics market is increasing incidence of Basal cell carcinoma by up to 10% annually across the globe. The incidence rate is much higher specifically in White population. Expanding geriatric population pool will also add to the market growth since the elderly people are more sensitive to BCCs. Changing habits of the urban population living in the developed countries such as the USA and European countries and a shift of population in the US from northerly cool areas to the sunbelt of the Southern and South-western United States will definitely give rise to incidence rate, leading to market growth.
Global Basal Cell Carcinoma Therapeutics market has been segmented on the basis of therapy, route of administration, distribution channels and region.
Global Basal Cell Carcinoma Therapeutics market is consolidated due to the lack of number of available treatment options and companies. The market is expected to increase globally owing to increasing incidence rate and environmental factors leading to exposure of UV radiation. According to a published article in the journal Deutsches Arzteblatt International, 115 cases of BCC per 100,000 of population are reported in the Great Britain annually, similarly 70–80 BCC in Germany, Switzerland and Italy; 170 BCC in the USA; and over 800 BCC cases in Australia are reported annually. Last 3 decades have observed the rise in incidence at a minimum 2–3 fold.
Geographically, Basal Cell Carcinoma Therapeutics market is segmented into regions viz. North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. The market in North America is expected to grow due to increase in the incidence in white population and ageing population. European market is also expected to grow because of their fair toned skin. Currently, Australia is the leading market globally because of the highest incidence rate. Asian and African countries would report a slow market growth rate as the incidence rate and prevalence of BCC is uncommon in Asians and Black African races. However, Chinese and Japanese have a higher incidence rate in Asia.
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Some of the players in the global Basal Cell Carcinoma Therapeutics market include Allergan, Inc., Genentech USA, Inc., Taro Pharmaceutical Industries Ltd., Perrigo Company plc, Valeant Pharmaceuticals International, Inc., Apotex Inc., Sandoz AG, Strides Arcolab Ltd., TOLMAR Pharmaceuticals, Inc. and G&W Laboratories, Inc.
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