Global Skin Cancer Drugs Market Trends And Strategies Of Major Players In The Skin Cancer Drugs Market 2021-2030
16 Sep, 2021
The skin cancer drugs market consists of sales of skin cancer drugs. Skin cancer is an unrestricted growth of abnormal skin cells that lead skin cells to proliferate rapidly and form malignant tumors. Skin cancer can be of various types including actinic keratoses, basal cell carcinoma, squamous cell carcinoma or melanoma. Examples of skin cancer drug include 5-FU, Aldara and Efudex.
Global Skin Cancer Drugs Market Size And Drivers:
The global skin cancer drugs market is expected to grow from $1.44 billion in 2020 to $1.61 billion in 2021 at a compound annual growth rate (CAGR) of 11.8%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $2.72 billion in 2025 at a CAGR of 14%. Significant rise in prevalence of skin cancer is driving the demand for the drugs for Skin Cancer.
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Trends In The Global Skin Cancer Drugs Market
Companies in the skin cancer market are increasingly looking for strategic alliances with other companies in the market. Strategic alliances help companies to enhance their R&D capability, expedite the development process of new drugs and reinforce competitive position in the market. For example, Leo Pharma has formed a strategic alliance with PellePharm in 2018, to develop a drug to treat a very rare form of skin cancer called Gorlin syndrome. MorphoSys and LEO Pharma strategically worked together to develop antibodies pertaining to the treatment of skin cancer. Pfizer had entered into a strategic alliance with Merck KGaA to manufacture an innovative drug pertaining to skin cancer.
Global Skin Cancer Drugs Market Segments:
The global skin cancer drugs market is further segmented –
By Type: Actinic Keratoses (AK), Basal cell carcinoma (BCC), Squamous cell carcinoma (SCC), Melanoma
By End Users: Hospitals, Cancer Research Centers, Clinics
By Drug Class: Chemotherapy, Immunotherapy, Targeted Agents & Other Drugs
By Geography: The global skin cancer drugs market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Read More On The Report For The Global Skin Cancer Drugs Market At:https://www.thebusinessresearchcompany.com/report/skin-cancer-drugs-global-market-report
Skin Cancer Drugs Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides skin cancer drugs market overviews, analyzes and forecasts market size and growth for the global skin cancer drugs market, skin cancer drugs market share, skin cancer drugs market players, skin cancer drugs market segments and geographies, skin cancer drugs market’s leading competitors’ revenues, profiles and market shares. The skin cancer drugs market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.