Actinic Keratosis Treatment Market 2021 Key Dynamics, Recent and Future Demand, Trend, Analysis up to 2023

(MENAFN- America News Hour) In a recent published report, Kenneth Research has updated the market report for Actinic Keratosis treatment Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Actinic Keratosis Treatment Market products.

Actinic Keratosis Treatment Market Size with Global Demand Analysis and Business Opportunities Outlook 2023.According to a report by the World Health Organization (WHO), the total health spending is growing with an annual average rate of 6% in the low- and middle-income nations, and close to 4% in the high-income countries. Further, in the year 2016, the expenditure made on health reached close to 10% of the GDP of the world and crossed a value of USD 7 trillion. Moreover, the median health expenditure per capita recorded in the high-income, upper-middle income, and low & lower-middle income countries, recorded to be over USD 2,000, USD 400, and USD 100 respectively. Additionally, in the same year, the spending on health in high-income countries and in the low- and middle-income countries comprised approximately 8.2% and 6.3% of the GDP respectively.

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Introduction
Actinic Keratosis (AK) or solar keratosis are precancerous skin lesions that occur on the epidermis due to long-term sun exposures. These lesions have a potential to develop into skin cancers. Therefore, the treatment of such medical conditions is a necessary preventive measure to avoid skin cancer. This formulates a developmental background for the global actinic keratosis treatment market. The increasing prevalence of actinic keratosis, growing acceptance of minimally invasive therapeutic procedures, the presence of suitable medical coverage, and a growing geriatric population are estimated to be the drivers for the market growth. However, the high cost and risk factors associated with available treatment options are estimated to restrain the market growth during the forecast period.
Actinic keratosis is estimated to be the most common pre-cancer for skin, and its global prevalence is increasing. According to the Massachusetts Association of Public Health Nurses in 2015, it was estimated that actinic keratosis affected more than 58 million Americans.

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Further, similar prevalence trends were observed in the European region. A study published in the Dermatology and Therapy Journal in 2015 stated that the prevalence of actinic keratosis was about 19 to 25 percent in the UK. The increasing prevalence of this disease is also accompanied by the growing demand for therapeutics. At present, a variety of treatment options are available in the market, including medications and surgical procedures such as fluorouracil cream, diclofenac gel, and cryotherapy. The market is likely to witness a huge demand for therapeutics with the growing cases of actinic keratosis. This is expected to provide a necessary force to drive the market during the forecast period.

In the recent years, the demand for minimally invasive procedures for the treatment of actinic keratosis has increased due to associated advantages of faster results and ease in the process. Moreover, increasing Medicare benefits are increasing the acceptance of procedures such as cryotherapy, laser skin resurfacing, and others. According to a study published in the F1000Research Journal in 2014, the Medicare benefits incorporated for actinic keratosis by the Medicare Benefits Schedule are estimated to grow from USD 19.6 million in 2012 to USD 24.7 million by 2020, thereby, increasing the number of cryotherapy procedures from 643,622 in 2012 to 831,952 by 2020. Moreover, as per the American Society of Plastic Surgeons in 2015, the number of chemical peel procedures increased from 1,310,252 in 2015 to 1,360,850 in 2016. Therefore, the increasing demand for these procedures is projected to cater greater revenues in the future.

The global market for actinic keratosis is estimated to reach USD 6,088.4 billion by 2024, from USD 4591.4 billion in 2017. The market is projected to register a CAGR of 4.20%, during the forecast period of 2018–2024.

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Key Players
The key players for the actinic keratosis treatment market are Biofrontera AG, Cipher Pharmaceuticals Inc, BioLineRx, Valeant Pharmaceuticals, Leo Pharma, Galderma S.A, Sun Pharmaceutical Industries Ltd, 3M, Alma Lasers and Stanford Chemicals, and others.

Study Objectives
• To provide a comprehensive analysis of the actinic keratosis industry and its sub-segments in the global market, thereby providing a detailed structure of the industry 
• To provide detailed insights into factors driving and restraining the growth of the global actinic keratosis treatment market
• To estimate the market size of the global actinic keratosis treatment market from 2015 to 2024. Wherein, 2015 and 2016 would be the historic period, 2017 shall be the base year, and 2018 to 2024 will be forecast period for the study
• To analyze the global actinic keratosis treatment market, on the basis of four main geographies, namely, Americas, Europe, Asia-Pacific, and the Middle East and Africa
• To compare the products with respect to various players in the market
• To provide country-wise market value analysis for various segments of the actinic keratosis treatment market
• To understand the demand-supply scenario and provide a gap analysis of the industry
• To analyze and provide upcoming technologies and trends in the actinic keratosis treatment market
• To provide strategic profiling of key companies (manufacturers and distributors) present across the globe and comprehensively analyze their competitiveness/competitive landscape in this market

Target Audience
• Pharmaceutical and Medical Device Industries
• Potential Investors
• Medical Research Institutes
• Key Executive (CEO and COO) and Strategy Growth Manager 
• Research Companies

Key Findings
• The global market for actinic keratosis treatment is expected to grow at a slow pace of 4.20% during the forecast period of 2018 to 2024
• The global market for actinic keratosis treatment is expected to reach USD 6,088.4 million by 2024
• Some of the major factors driving the global actinic keratosis treatment market are increasing the prevalence of actinic keratosis, rising demands, acceptance of minimally invasive therapeutic procedures, and suitable medical coverage for a variety of treatment options available in the market
• On the basis of type, the procedures segment is expected to command the largest market share and is expected to reach USD 4,671.6 million by 2024 
• On the basis of region, Asia-Pacific is expected to be the fastest growing region at a CAGR of 4.51% during the forecast period, 2018–2024.

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The report also covers the regional analysis.
Americas
• North America
o US
o Canada
• South America
Europe
• Western Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Western Europe
• Eastern Europe
Asia-Pacific
o China
o Japan
o India
o Australia
o Republic of Korea
o Rest of Asia-Pacific
The Middle East & Africa
• Middle East
• Africa

About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

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Darlene Dooley is a research expert and freelance writer. She is very dedicated towards her work and writing. She enjoys to write on current news on any industry and conclude the news with highly professional report. She has almost 8 years of experience in the same field. She has strong professional skill in Market research, Business Strategies, online marketing, Industry analysis interested in innovative and trending technologies.

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