Porokeratosis Market Will Reach USD 2.3 Bn by 2028 - Credence Research

The latest market report published by Credence Research, Inc.?“Global Porokeratosis Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028 ”.?The?Global Porokeratosis Market generated revenue of around USD 1.6 billion in 2021 and is anticipated to grow a CAGR of over 6.50% during the forecast period from 2022 to 2028 to reach around USD 2.3 billion in 2028.The need for laser therapy is increasing, kidney transplant cases are rising, developed nations have stronger reimbursement regulations, research costs are rising, and market traders are becoming more competitive, among other factors that will cause the worldwide porokeratosis market to expand. The market for porokeratosis is expanding due to greater awareness of the ailment and consumer demand for improved skin. Consumers are more likely to use porokeratosis therapy items and procedures if more global treatment ideas are shared. In industrialized countries, consumer knowledge of the disease's cancerous progression is rising. Due to the demand for personal care items, the porokeratosis market will expand. It is sufficient to understand porokeratosis' malignant progression through clinical observation. As a result, the need for porokeratosis treatments has increased. However, market expansion may be hindered by the high cost of laser equipment, a shortage of qualified physicians, adverse drug reactions, and poor healthcare systems in low- and middle-income countries. Because porokeratosis is a rare ailment, there is little knowledge of it globally, which poses a substantial obstacle for the market.

The global porokeratosis market is segmented into therapies, end users, and geography. Based on therapies, the porokeratosis market is categorized into topical 5-fluorouracil, topical vitamin D, imiquimod, retinoids, cryotherapy, laser therapy, and others. Based on the end user, the porokeratosis market is segmented into hospitals, clinics, diagnostic centers, and research and academic institutes. Based on geography, the porokeratosis market is segmented into North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

In 2021, North America will dominate the global porokeratosis market due to an increase in actinic porokeratosis cases and a rise in kidney transplants; the United States currently controls most of the porokeratosis industry. Porokeratosis affects about 10.68% of kidney transplant recipients. According to the National Kidney Foundation, Inc., around 17,000 kidney transplants were carried out in the United States in 2019. It is anticipated that the availability of top-notch diagnostic and therapeutic choices, considerable health expenditures, and the presence of great athletes will all help to grow the porokeratosis medical industry in the United States.

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Why To Buy This Report-

• The report provides a qualitative and quantitative analysis of the global porokeratosis market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, base year- 2021, and forecast period 2022-2028.
• The report contains information related to the competitive landscape, like how the key players in the market are operating at a global, regional, and country level.
• In-depth analysis of the global porokeratosis market segmentation based on the therapies and end users.
• Major countries in each region with their import/export statistics.
• The global porokeratosis market report also includes analyzing the global, regional, and country levels, key market trends, significant players analysis, market growth strategies, and key application areas.