Basal Cell Carcinoma Treatment Market is Likely to Reach US$ 10.14 Billion by 2025 End
© Aman Gambhir
The rivalry between Sun Pharmaceuticals Ltd., Valeant Pharmaceuticals International Inc., Mylan N.V., F. Hoffmann-La Roche Ltd., and Merck & Co. Inc. characterizes the competitive landscape present in the global basal cell carcinoma treatment market, states a new research study by Transparency Market Research (TMR). Currently, the leading players are focusing on increasing the efficiency of their products by inculcating the latest technologies, in order to gain a competitive edge over the peers. Over the coming years, these participants are expected to involve more in partnerships with regional players in a bid to strengthen their regional presence, notes the research study.
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According to the estimation of TMR, the global market for basal cell carcinoma treatment was worth US$4.66 bn in 2016. The opportunity in this market is projected to expand at a CAGR of 9.20% during the period from 2017 to 2025 and reach US$10.14 bn by the end of the period of the forecast. Among all the treatment types, the demand for surgeries is higher, thanks to their efficiency. Analysts predict this trend to remain so over the next few years, establishing the dominance of the surgical basal cell carcinoma treatment segment. Among end users, basal cell carcinoma treatments find most significant usage in hospitals and specialty clinics. Geographically, North America is projected to continue on the top in the near future, thanks to the presence of an advanced medical and healthcare infrastructure and the rising expenditure on healthcare in this region, states the market report.
“The market for basal cell carcinoma treatment is benefiting significantly from the increasing prevalence of basal cell carcinoma, rising consciousness among consumers about the disease, and the presence of favorable reimbursement scenario in high prevalence regions,” says a TMR analyst. The rising prevalence of various cutaneous malignancies, specifically non-melanoma skin cancer, such as basal cell carcinoma and squamous cell carcinoma, is influencing the demand for basal cell carcinoma treatment tremendously across the world.
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The increase in geriatric population, who are highly susceptible to several types of skin diseases, such as actinic keratosis and various other non-melanoma skin malignancies, is also boosting the growth of the global basal cell carcinoma treatment market, reports the research study.
On the other hand, the high propensity of basal cell carcinoma remaining underdiagnosed may obstruct the growth trajectory of the worldwide market for basal cell carcinoma treatment over the next few years. The high treatment cost and the lack of awareness in emerging economies can also restrain the market’s growth in the years to come. However, the rising demand for better disease treatments in emerging economies, as a result of escalating disposable income, is expected to provide lucrative growth opportunities for market players in the near future, states the report.
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About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
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According to the estimation of TMR, the global market for basal cell carcinoma treatment was worth US$4.66 bn in 2016. The opportunity in this market is projected to expand at a CAGR of 9.20% during the period from 2017 to 2025 and reach US$10.14 bn by the end of the period of the forecast. Among all the treatment types, the demand for surgeries is higher, thanks to their efficiency. Analysts predict this trend to remain so over the next few years, establishing the dominance of the surgical basal cell carcinoma treatment segment. Among end users, basal cell carcinoma treatments find most significant usage in hospitals and specialty clinics. Geographically, North America is projected to continue on the top in the near future, thanks to the presence of an advanced medical and healthcare infrastructure and the rising expenditure on healthcare in this region, states the market report.
“The market for basal cell carcinoma treatment is benefiting significantly from the increasing prevalence of basal cell carcinoma, rising consciousness among consumers about the disease, and the presence of favorable reimbursement scenario in high prevalence regions,” says a TMR analyst. The rising prevalence of various cutaneous malignancies, specifically non-melanoma skin cancer, such as basal cell carcinoma and squamous cell carcinoma, is influencing the demand for basal cell carcinoma treatment tremendously across the world.
Enquire for Discount @ https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=40139
The increase in geriatric population, who are highly susceptible to several types of skin diseases, such as actinic keratosis and various other non-melanoma skin malignancies, is also boosting the growth of the global basal cell carcinoma treatment market, reports the research study.
On the other hand, the high propensity of basal cell carcinoma remaining underdiagnosed may obstruct the growth trajectory of the worldwide market for basal cell carcinoma treatment over the next few years. The high treatment cost and the lack of awareness in emerging economies can also restrain the market’s growth in the years to come. However, the rising demand for better disease treatments in emerging economies, as a result of escalating disposable income, is expected to provide lucrative growth opportunities for market players in the near future, states the report.
Request TOC of the Report for Complete Review @ https://www.transparencymarketresearch.com/report-toc/40139
About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
US Office Contact
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com