Basal Cell Carcinoma Treatment Market (By Treatment Type: Surgery, Medication, and Others; End User: Hospitals, Specialty Clinics, and Others) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027
The global basal cell carcinoma treatment market is expected to grow at a CAGR of around 9.2% from 2020 to 2027 and expected to reach the market value of around US$ 11.5 Bn by 2027.
Basal cell carcinoma is the most common form of cancer in humans. It is a type of non-melanoma skin cancer that starts in the basal cell layer of the epidermis (the top layer of skin), grows slowly, and rarely spreads (metastasizes). The primary cause of basal cell carcinoma is overexposure to the sun and those with fair complexions are especially susceptible. Basal cell carcinoma is often easily detected and has a proven track record for successful treatment. Early diagnosis and treatment can prevent damage to the areas around cancer and decrease the risk associated with recurrence and metastasis. According to the American Cancer Society, Inc., about 5.4 million basal squamous cell skin cancers are diagnosed every year in the US (occurring in about 3.3 million Americans, as some people have more than one). About 8 out of 10 of these are basal cell cancers.
Surging demand for targeted drugs contribute for the growth of basal cell carcinoma market
Targeted drugs called "hedgehog pathway inhibitors" assist patients suffering from basal cell nevus syndrome. For instance, the drug “Vismodegib (Erivedge)” has shown proven records by lowering the number of new basal cell cancers and shrink existing tumors in people suffering from the syndrome. As per the American Cancer Society, Inc., the two common targeted therapies for basal cell carcinoma involve "Hedgehog pathway inhibitors" and "EGFR inhibitors". Under EGFR inhibitors, “Vismodegib (Erivedge)” and “Sonidegib (Odomzo)” are used as targeted drugs that can be used to treat some advanced or recurrent basal cell skin cancers. Furthermore, under EGFR inhibitors, targeted drug involve "cetuximab (Erbitux)" has shown promising results for the treatment of basal cell carcinoma.
Big calls for "Immunotherapy" in basal cell carcinoma
With the advancements in targeted therapies, immunotherapy has grabbed significant attention in the global basal cell carcinoma market. Activating or modulating the immune system to treat basal cell carcinoma has shown better and sustained outcomes. Three immune modulator drugs are approved by the Food and Drug Administration (FDA). These involve “imiquimod”, “Sonidegib”, “Vismodegib”, and several other are under investigation in clinical trials. The role of combination therapy is also emerging and will gain a significant pace in the forecast period. It is assumed that immunotherapy will soon transform the standards of care for basal cell carcinoma. Additionally, Cancer Research Institute has approved six other immune modulators are approved by the FDA as a treatment option for immunotherapy. These include “Aldesleukin Proleukin®”, “Atezolizumab Tecentriq®”, “Avelumab Bavencio®”, “Cemiplimab Libtayo®”, “Ipilimumab Yervoy®”, “Nivolumab Opdivo®”, “Peginterferon alfa-2b Sylatron®/PEG-Intron®”, “Pembrolizumab Keytruda®”, and “Poly ICLC Hiltonol®”.
Key takeaways
In February 2021, the US Food and Drug Administration (USFDA), approved intravenous immunotherapy medication, “cemiplimab-rwlc Libtayo®” for treatment of patients suffering from advanced basal cell carcinoma (BCC). This is considered as an advanced immunotherapy medication over hedgehog pathway inhibitor (HHI) or for whom an HHI is not appropriate. Full approval was granted to patients with locally advanced BCC and accelerated approval was granted to patients with metastatic BCC.
Segmental Analysis
Basal cell carcinoma market is segmented on the basis of treatment type and end-user. Based on treatment type, the market is split into surgery, medication, and others. Surgery is further segmented as Mohs Surgery, Excisional Surgery, Cryosurgery, and Laser Surgery. Further, on the basis of end-user, the market is segmented as hospitals, specialty clinics, and among others.
Surgery to take a front lead in driving the basal cell carcinoma (BCC) market globally
Different surgeries involved for the treatment of basal cell carcinoma involve Mohs Surgery, Excisional Surgery, Cryosurgery, And Laser Surgery. Among the surgeries, Mohs surgery is the most effective and gold standard technique for removing BCCs that harms minimal healthy tissue with the highest possible cure rate up to 99% on tumors treated for the first time. The technique is often recommended by physicians for patients having BCCs located in areas around the nose, eyes, lips, scalp, fingers, toes, or genitals. Additionally, for small and early BCCs that have not spread, Excisional surgery is a frequent treatment recommended by physicians. Cure rates are above 95%. Also, cryosurgery plays a vital role for effective, superficial BCCs. The cure rate is between 85% and 90%. This technique is used less commonly for invasive BCC due to its associated recurrence harder to detect. Furthermore, laser surgery is not yet approved by the FDA for superficial BCCs but is sometimes used as a secondary therapy, especially when other techniques have unsuccessful results.
Regional Landscape
North America dominates the basal cell carcinoma market and will continue the same trend in the forthcoming years
North America has a dominating share for the overall basal cell carcinoma market followed by Europe. The factors responsible for the regional growth involves rising awareness of the advanced treatments, favorable reimbursement policies, and high prevalence of basal cell carcinoma in this region resulting in higher demand for treatment options. As per the estimates revealed by the American Academy of Dermatology Association, basal cell carcinoma affects more than 3 million Americans every year. Research indicates that the overall incidence of BCC increased by 145% between 1976-1984 and 2000-2010, and the overall incidence increased to 263% over the same period. The basal cell carcinoma can be prevented. The best way to lower it can be achieved by educating people about the skin cancer risk factors, prevention, and detection. Furthermore, the American Academy of Dermatology (AAD) sponsors annual free skin cancer screenings throughout the country. On the other hand, Asia Pacific is expected to witness a record remarkable growth rate in the coming years owing to high government involvement, funding assistance for the research activities, and availability of new treatment options. Such factors are responsible for the growth of the basal cell carcinoma treatment market in Asia Pacific region.
Competitive Landscape
The global basal cell carcinoma market is led by the prominent players that involve Sun Pharmaceutical Industries Ltd., Bausch Health Companies Inc., Mylan N.V., Merck & Co., Inc., F. Hoffmann-La Roche Ltd., Allergan, Perrigo Company plc, Strides Pharma Science Limited., and among others.
Market Segmentation
Market By Treatment Type
Surgery
- Mohs Surgery
- Excisional Surgery
- Cryosurgery
- Laser Surgery
Medication
Others
Market By End User
Hospitals
Specialty Clinics
Others
Market By Geography
North America
- U.S.
- Canada
Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Frequently Asked Questions
What will be the market value of the basal cell carcinoma treatment?
Basal cell carcinoma treatment market is expected to reach a market value of around US$ 11.5 Bn by 2027.
At what CAGR, the basal cell carcinoma treatment market is expected to grow during the forecast period (2020-2027)?
The basal cell carcinoma treatment market is expected to grow at a CAGR of around 9.2% from 2020 to 2027.
Which is the leading segment in the basal cell carcinoma treatment market?
Treatment type segment is the leading segment in the overall market.
What are the key drivers of the basal cell carcinoma treatment market?
Rising demand for targeted drugs is one of the prominent factors that drive the demand for basal cell carcinoma treatment market.
Which are the prominent players in the basal cell carcinoma treatment market?
Sun Pharmaceutical Industries Ltd., Bausch Health Companies Inc., Mylan N.V., Merck & Co., Inc., F. Hoffmann-La Roche Ltd., Allergan, Perrigo Company plc, Strides Pharma Science Limited., and among others.
Which region held the highest market share in the basal cell carcinoma treatment market?
North America is anticipated to grab the highest market share in the regional market
Which region is expected to be the fastest growing market over the forecast period?
Asia Pacific is expected to be the fastest growing market in the forthcoming years
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