The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Basal Cell Carcinoma Surgery market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Basal Cell Carcinoma Surgery
The report offers actionable and valuable market insights of Basal Cell Carcinoma Surgery. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Basal Cell Carcinoma Surgery Market across various industries and regions.
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This newly published and insightful report sheds light on Market Insights of Basal Cell Carcinoma Surgery, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Basal Cell Carcinoma Surgery Market.
Surgical treatment dominates with the highest revenue amongst all treatment options in the basal cell carcinoma treatment market, with a projected value of US$ 6 billion by the end of 2025. Mohs surgery is found to be an effective treatment for basal cell carcinoma (BCC), whereas, surgical excision accounts for the highest revenue amongst surgical treatment types.
Companies in the basal cell carcinoma treatment market are introducing improved formulations of molecular targeting agents approved by the FDA. For instance, vismodegib and sonidegib are two oral inhibitors approved by the FDA for the treatment of advanced BCC. A study published by the department of dermatology at the Keio University School of Medicine, Japan, stated that, antifungal drugs help to significantly reduce tumor size in BCC patients. Pharmaceutical companies in the basal cell carcinoma treatment landscape are increasing production capabilities of immune checkpoint inhibitors that are novel drugs with promising outcomes in patients associated with advanced melanomas. Patients are increasingly benefitting from these drugs, since they activate the body’s own immune system to destroy cancel cells.
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Key Takeaways of Basal Cell Carcinoma Treatment Market Study
- Electrochemotherapy is gaining increased popularity in the basal cell carcinoma treatment space for the management of recurrent eyelid-periocular skin tumors. This treatment serves as an efficient, safe, and cost-effective treatment option for BCC patients.
- Biological therapies such as PD-1 inhibitors act as efficacious drugs that activate the immune system to shrink tumors.
- Companies in the basal cell carcinoma treatment market are increasing the availability of advanced medications, such as FDA-approved Imiquimod. This medication is being increasingly used after the treatment of BCC to kill any remaining cancer cells.
- Apart from North America and Asia Pacific, healthcare providers in Brazil and other countries of Latin America are increasingly adopting photodynamic therapy for BCC treatment. This trend is predicted to lead to exponential growth of the basal cell carcinoma treatment market in Latin America.
Innovations in Radiation Technology and Drugs Improve Quality of Life for Patients
Growing popularity of radiation therapy encourages market players to experiment with new technologies in the basal cell carcinoma treatment market. For instance, in May 2019, Xstrahl – a manufacturer of X-ray therapy systems – announced the launch of the RADiant Treatment System that uses radiotherapy to treat non-melanoma skin cancers, including BCC and other dermatological conditions.
Lucrative opportunities in drugs have triggered market growth. For instance, in July 2019, Sanofi – a France-based multinational biopharmaceutical company – revealed that, Libtayo® (cemiplimab), an immune checkpoint inhibitor, is being investigated with the help of several clinical trials to assess its effectiveness for BCC.
Healthcare companies in the basal cell carcinoma treatment market are developing new drugs induced with aptamer-functionalized liposomes. They are also providing resources for sternectomy in hospitals and specialty clinics. Curative indications of sternectomy are improving the quality of life in patients.
Analysts at Fact.MR predict that,“Companies in the basal cell carcinoma treatment market can achieve business stability by increasing resource availability for surgeries. They should focus for business expansion in Asia Pacific and Latin America, owing to the growing popularity of photodynamic therapy and the emergence of contract research organizations, especially in Asia Pacific.”
Basal Cell Carcinoma Treatment Market – Assessment of Key Segments
With an aim to offer granular level insights into the basal cell carcinoma treatment market, authors of the report have segmented the landscape on the basis of treatment, end user, and region.
This global research report also throws light on the incremental opportunities available in the basal cell carcinoma treatment market landscape during the forecast period. Key segments of the basal cell carcinoma treatment market include:
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More Valuable Insights on Basal Cell Carcinoma Surgery Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Basal Cell Carcinoma Surgery, Sales and Demand of Basal Cell Carcinoma Surgery, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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