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Seborrheic Keratosis is a non-cancerous
skin condition that is common in older adults. Skin growths on shoulders,
back, abdomen, scalp, face, and chest may appear when suffering from the
disease. The Seborrheic
Keratosis Market trends is projected to reach USD 3.4 Billion by 2030 at
5.80% CAGR during the forecast period 2022-2030, asserts Market Research Future
in an extensive study. Elevating consumer inclination towards aesthetics and
growing awareness regarding physical appearance urge people to opt for the
treatment of Seborrheic keratosis. Seborrheic keratosis can be easily treated
with Cryosurgery where liquid nitrogen is used to prevent further growth. Also,
in recent years, surgeries involving cosmetic procedures have entered the
mainstream which spurs the growth of the market.
Notable improvements in treatment methods
and the availability of diverse treatment options have contributed to the
growth of the market. Other driving factors include extensive R&D efforts,
surging prevalence of the disease, improving reimbursement scenario and
availability of cost-effective treatment options. Conversely, the growth of the
global Seborrheic Keratosis market might be hampered by post-surgery side
effects, high costs associated with treatment which might limit market growth
in price-sensitive and developing regions.
Competitive Landscape
The notable players in the global Seborrheic
keratosis market include Quantumpm, Becton Dickinson and Company, Quanta
Systems S.p.A., Aclaris Therapeutics, THOR Photomedicine, Syneron Medical Ltd.,
Cutera, Angiodynamics, Inc., Erchonia Corporation, Valeant, Lumenis, BioLight
Technologies LLC, Alma Lasers, KAI Medical, IRIDEX Corp., Integra Miltex,
Coherent, Inc., Apira Science Inc., Biolase Inc., and Theralase Inc.
Segmentation
The global Seborrheic keratosis market has
been segmented based on type, diagnosis, treatment, and end user.
By type, the global Seborrheic keratosis
market has been segmented into stucco keratosis, inverted follicular keratosis,
reticulated Seborrheic keratosis or adenoid seborrheic keratosis, clonal
seborrheic keratosis, seborrheic keratosis with squamous atypia,
melanoacanthoma, dermatosis papulosa nigra, seborrheic keratosis, and irritated
seborrheic keratosis.
The common seborrheic keratosis segment has
been further segmented into basal cell papilloma and solid seborrheic keratosis.
The stucco keratosis segment has been
further segmented into digitate seborrheic keratosis, serrated seborrheic
keratosis, verrucous seborrheic keratosis, and hyperkeratotic seborrheic
keratosis.
By diagnosis, the global seborrheic
keratosis market has been segmented into skin biopsy and others.
By seborrheic keratosis treatment, the
global seborrheic keratosis market has been segmented into surgical procedures,
medication, medical procedures, seborrheic keratosis treatment and others. The
surgical procedures segment has been further segmented into cryosurgery,
electrocautery or electrosurgery, curettage, and others. The medical procedures
segment has been further segmented into freezing, tissue scraping, laser
therapy, and others.
By end user, the global the global
seborrheic keratosis market has been segmented into hospital, clinics,
diagnostic centers, pharmacies, and others.
Regional Analysis
The Americas, Europe, Asia Pacific (APAC),
and the Middle East & Africa (MEA) are the key markets for seborrheic
keratosis. The Americas dominate the global seborrheic
keratosis market report on account of surging awareness regarding the
condition among the consumers and high expenditure on healthcare. The
prevalence of seborrheic keratosis is also considerably high in the region
which generates high demand for diagnosis and treatment. As per a report
published in the Journal of Drugs in Dermatology in 2015, seborrheic keratosis
affects more than 83 Mn Americans.
Europe commands the second largest position
in the global seborrheic keratosis market. government support in the form of
funding for R&D, the presence of private organizations who are engaged in
extensive R&D and favorable reimbursement policies in the region drive the
growth of the Europe Seborrheic keratosis market.
APAC is projected to be the fastest growing
market for Seborrheic Keratosis. Presence of a vast patient pool, development
of healthcare technology and the growing participation of market players in the
region are stimulating the growth of the APAC market.
The MEA market is expected to account for
the least share of the global market due to lack of medical facilities and
affordability in the region. Moreover, the lack of awareness about the
condition is also a market deterrent.
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