According to a recent report published by Future Market Insights, the porokeratosis treatment market is expected to reach a worth of US$ 2.75 billion by the end of 2023. The global demand for porokeratosis treatment is predicted to increase at a CAGR of 6.1% and reach US$ 5 Billion by 2033.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value of the Porokeratosis Treatment Market in 2023 | US$ 2.75 billion |
| Projected Market Value of the Porokeratosis Treatment Market in 2033 | US$ 5 billion |
| Growth Rate (2023 to 2033) | 6.1% CAGR |
The porokeratosis treatment market is driven by a number of factors, including the increasing incidence of porokeratosis and the growing awareness of the condition among healthcare professionals and patients. A prominent driver of the porokeratosis treatment market is the increasing incidence of the condition. Porokeratosis is a rare disorder, but the number of cases has been increasing in recent years, driven by factors such as increased exposure to UV radiation and increased use of immunosuppressive drugs.
The growing awareness of the condition among healthcare professionals and patients leading to a growing demand for effective treatments for the condition is also driving the porokeratosis treatment market. As more people are diagnosed with porokeratosis, there is a growing need for information and education about the condition and its management. This is leading to increased demand for treatments and therapies that can help manage the symptoms of porokeratosis and improve the quality of life for those affected by the condition.
Technological advancements in the field of dermatology are also driving the market. The development of new, more effective treatments and therapies for porokeratosis is also driving demand for these products. This includes the development of new topical and systemic therapies, as well as new technologies such as laser therapy and photodynamic therapy. Increasing healthcare expenditure is also driving the market. With the growing awareness of the condition and the availability of new treatments, patients are more willing to spend on the treatment of porokeratosis. This is leading to an increase in the number of patients seeking treatment, and a corresponding increase in healthcare expenditure on the treatment of porokeratosis.
The development of the porokeratosis treatment market in North America is driven by factors such as the increasing incidence of the condition, growing awareness among healthcare professionals and patients, and the availability of new treatments and therapies.
New topical and systemic therapies, as well as new technologies such as laser therapy and photodynamic therapy have improved the options for patients with porokeratosis, and increased the demand for these products. Increasing healthcare expenditure also drives the market. The market is expected to continue to grow in the coming years as the demand for effective treatments for porokeratosis increases.
Porokeratosis is a rare skin disorder which may develop skin cancer in adverse case resulting from abnormal clonal expansion of keratinocytes. The disease is majorly associated with immunosuppression, ultra violet radiation, systematic, infectious and neoplastic diseases.
The disease usually occurs on a sun exposed skin mostly and is prevalent among people above 50 years of age. Ultraviolet light, harmful to skin is the major cause of prevailing porokeratosis. The most common types of porokeratosis are PM and DSAP which tend to be on your arms or legs.
Oral and topical retinoids, fluorouracil cream, diclofenac gel, vitamin D3, imiquimod cream, surgical operations such as excision, cryotherapy, laser therapy are some of the treatments for porokeratosis. However, all the treatments may take some time to cure the problem completely.
Laser therapy has been increasingly used for the treatment of porokeratosis. The doctor destroys the patch of skin with a laser device which allows new skin to appear. As per an article by Amarateedha Prak LeCourt, laser therapies were performed on different patients suffering from different types of porokeratosis and the results were wholesome.
For instance, one patient with linear porokeratosis showed improvement when 585 nm flashlamp-pumped pulsed eye laser. The laser therapy went successful on another patient with DSAP. As laser therapy is safe and having no downtime or morbidity associated with pigment or textual changes, its adoption may fuel the growth in porokeratosis treatment.
DSAP is a type of porokeratosis mainly on the fore-arms and legs due to excess sun exposure. Its development in women is twice as compared to men of 30-50 years of age and almost 43.4% incidences of DSAP are reported. DSAP is generally harmless but in adverse cases there is a risk of developing squamous cell carcinomas at the affected area of the body.
There are several creams and gels for preventing the infection, thus growing the adoption of treatments market. It is a rare disease and almost 200,000 people are affected with DSAP in US. According to an article by National Library of Medicine, Diclofenac 3% gel is a potential treatment for DSAP, thus growing its adoption.
The side effects of laser treatment include mild erythema, slight hyperpigmentation and modern edema. According to dermentz.org, no treatment has proved effective for long term which grows the hesitation among patients ready for the treatment.
Moreover, high cost of treatment and lack of awareness among people about the skin treatment are other factors that restrain the growth of porokeratosis treatment.
Prominent players in the market include
New Topical Treatment for Actinic Keratosis, tirbanibulin by Almirall got FDA approved in December 2020. Tirbanibulin is a novel microtubule which should be applied once in 5 days. In one of the largest Phase III clinical study programs for a topical Actinic Keratosis lesions, tirbanibulin showed results in 57 days on face and scalp areas in large number of patients.
Hologic, a global leader in Women’s health in January 2021 announced the acquisition of Biotheranostics, Inc. The latter is a commercial stage company providing molecular diagnostic tests for breast and metastatic cancers. The acquisition aims to leverage commercial capabilities, accelerate the growth, deliver more personalised treatment and provide better clinical outcomes for women.
North America is projected to dominate the market for owing to the rising prevalence of DSAP and rise in renal transplant cases. Increasing kidney transplant cases have also witnessed rise in patients suffering from porokeratosis as per sciencedirect.com.
According to niddk.nih.gov, more than 661,000 Americans have kidney failure and more than 468,000 patients are on dialysis, which may affect the porokeratosis cases too as the disease is prevalent in 10% of patients having kidney problems.
Rising health care infrastructure and increase in expenditure spent on health care is contributing Asia toward the market growth. Moreover, geriatric population is high in Japan leading to more cases of the disease in the country. DSAP and Mibelli are more common porokerarosis in Asian region.
Lack of awareness among people regarding the treatment is the cause of increase in cases, therefore, government should take initiatives to help people in rural areas know about the treatments which may lead to rise in adopting the treatment.
Europe is at the second position in the porokeratosis market as the rising incidences and innovations by researchers and manufacturers is increasing the market growth. Increasing contribution of manufacturers for the treatment of porokeratosis may grow the market.
The hospital segment presents significant opportunities for the porokeratosis treatment market. Hospitals are prominent centers for the diagnosis and treatment of porokeratosis, and they offer a wide range of services, including diagnostic testing, medical and surgical treatment, and follow-up care.
Hospitals can also capitalize on the increasing trend of patients seeking specialized care for porokeratosis, and this can lead to increased revenue opportunities. Hospitals can leverage the latest technologies and advances in porokeratosis treatment to improve patient outcomes and attract more patients. As a result, hospitals are well-positioned to take advantage of the growing demand for effective treatments for porokeratosis.
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Porokeratosis Treatment Market
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