Porokeratosis Treatment Market Size, Share, Industry Trends, Challenges, Key Players, Competitive Analysis and Future Outlook 2022-2032: SPER Market Research
Porokeratosis is an uncommon diagnosis that manifests as raised bordered annular plaques or keratotic papules. It mainly affects skin that has been exposed to the sun and usually manifests itself around the fifth decade of life, however it can happen at any age and affects men and women frequently, equally. UV radiation is probably a risk factor for diffused superficial actinic porokeratosis since it occurs more frequently on sun-exposed skin. Although porokeratosis is mostly an acquired illness, there is frequently a hereditary component indicated by a familial susceptibility.
According to SPER market research, ‘Porokeratosis Treatment Market Size – By Type, By Diagnosis and Treatment, By End User – Regional Outlook, Competitive Strategies and Segment Forecast to 2032’ state that the Global Porokeratosis Treatment Market is predicted to reach USD 3.95 billion by 2032 with a CAGR of 6.89%.
The rising prevalence of porokeratosis which has surged due to increased UV exposure and immunosuppressive drug usage, and increased awareness among healthcare professional and patients are the two primary reasons driving the growth of this market. Moreover, technological advancements in dermatology and development of newer and more effective therapies, and increasing research and development activities – especially collaborative research and development – which are a consequence of increased patient awareness also propel the market. Further, rise in disposable income and reimbursement laws, consumers highly associated with aesthetics, particularly in wealthy countries, also contribute to the growth of this market.
A weak health-care system in low- and middle-income countries, pharmaceutical side effects, the high cost of laser systems, and a shortage of doctors with the necessary training, all impede the growth of the porokeratosis treatment sector. Due to its rarity, porokeratosis is not well known throughout the world, which presents a significant challenge for the market. In addition, by raising awareness and developing reimbursement guidelines, the government needs to be heavily involved in the porokeratosis treatment sector. Restricted therapy options and medical trials and regulatory obstacles also prove to be restraining factors in the porokeratosis treatment market. The market is also impeded due to lack of patient compliance and adherence, and the lack of adequate healthcare access.
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The global market had suffered as a result of the COVID-19 epidemic. Worldwide, skin cancer services and cosmetic operations were suspended because of the COVID-19 epidemic. Due to lockdowns and patient infection risk, COVID-19 created delays in patient visits and the pandemic caused a delay in the provision of surgical and therapeutic services for skin cancer.
In a similar vein, the COVID-19 epidemic interrupted business operations, affecting clients and staff of significant players at the time. As a result, the yearly revenue of the major industry participants decreased. However, in terms of patient visits and business sales, the industry bounced back to its pre-pandemic levels in 2021.
Porokeratosis Treatment Market Key Players:
The Americas dominate the market owing to the increasing prevalence of porokeratosis cases and has excellent market growth prospects. Additionally, some of the key market players are Allergan, Alma Lasers, Beiersdorf AG, Biogen, COTY INC., Danaher Corporation, Pfizer and others.
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Porokeratosis Treatment Market Scope
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