Seborrheic Keratosis Market Trends

Global Seborrheic Keratosis Market Overview

Seborrheic keratosis Market Size was valued at USD 2.2 Billion in 2022. The seborrheic keratosis market industry is projected to grow from USD 2.32 Billion in 2023 to USD 3.654 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.80% during the forecast period (2023 - 2032). Increased beneficial results of the process and accessibility to various remedies are significant market drivers that are anticipated to fuel the expansion of the seborrheic keratosis market in the foreseeable years. Additionally, it is projected that the market for seborrheic keratosis would rise due to the repeated use of laser therapy.

Source Secondary Research, Primary Research, MRFR Database and Analyst Review

Seborrheic Keratosis Market Trends

• Increased appreciation for aesthetic quality is driving the market growth

One of the main factors fueling the seborrheic keratosis market CAGR is consumers' increased appreciation for aesthetic quality. Seborrheic keratosis is reported to be rather common throughout all of the regions. However, people with light skin tones tend to have an easier time getting it diagnosed. Seborrheic keratosis is a benign growth, therefore historically it has not been a serious worry in the people of Asia and Africa. Therefore, there should be a minimal treatment for the underlying illness in these places given the geographical dispersion and persistence of the condition. Despite the fact that this ailment is not life-threatening, more people are choosing to get treatment since both men and women are becoming more interested in aesthetic attractiveness. The demand for visual attractiveness is influenced by variables like increased disposable money, developments in the healthcare and beauty industries, and ization, which has altered how people view beauty. This will consequently have a favorable effect on the growth of the seborrheic keratosis (SK) market during the course of the forecast year.

Ammonium lactate and other topical treatments, such as alpha-hydroxy acids, are utilised as off-label therapy to lessen the height of seborrheic keratosis. But in 2017, the FDA authorised the use of hydrogen peroxide (40 percent solution), sold under the name Eskata and produced by Aclaris Therapeutics, Inc., to treat seborrheic keratosis. Following its anticipated commercialization in the first part of 2018, the product will be available in the United States. There are now a few additional timely solutions in the works, and they should be authorised during the predicted timeframe. The market is expected to be driven by increased patient awareness as well as the development of affordable and non-surgical treatment options. The most popular surgical procedure for treating seborrheic keratosis is cryosurgery, which is followed by curettage and other surgical procedures including electrocautery. The market for seborrheic keratosis therapies will grow as laser treatment techniques become more widely used. The dominance of this market is mainly owing to high physician preference due to significant therapeutic outcomes. Following its introduction in 2018, the market saw a considerable increase in demand for topical solution treatment (Eskata) as a feasible therapeutic alternative.

One of the major seborrheic keratosis market trends driving the industry's expansion is technological advancements in cryotherapy. Cryotherapy is only one of the many sectors that AI and machine learning (ML) have displaced. AI is providing cryotherapy businesses with solutions that make the equipment simpler to use, cut expenses, and improve the product's marketability. Cryotherapy technology has advanced dramatically over the past three decades. Among these advancements is cryosurgery gear, which uses supercooled liquid nitrogen to promote the elimination of lesions and apoptosis. The creation of cryotherapy, which offers excellent treatment, has been made possible by the advancement. During the anticipated time frame, this aspect will fuel market expansion. Thus, driving the seborrheic keratosis market revenue.

Seborrheic Keratosis Market Segment Insights

Seborrheic Keratosis Type Insights

The  seborrheic keratosis market segmentation, based on type includes Reticulated, Stucco, Clonal, Dermatosis Papulosa Nigra and Others. The dermatosis papulosa nigra segment dominated the market. Multiple tiny, dark brown or black papules on the face, especially around the eyes and cheeks, are a defining feature of DPN. There are therapeutic solutions available on the market for treating seborrheic keratosis that also work for DPN. Despite the fact that DPN lesions are normally non-harmful and non-cancerous, some people may choose to get treatment for aesthetic reasons or if the lesions start to itch or bother them.

Seborrheic Keratosis Treatment Insights

The  seborrheic keratosis market segmentation, based on treatment, includes Medication, Surgery and Laser Therapy. The medication category generated the most income. Medication is a drug that is used to treat illness or lessen its effects. Adults in their middle years and older years frequently acquire seborrheic keratoses, which are benign skin growths. The head, neck, upper body, and arms are among the most often affected areas. Due to their lighter skin tones than African Americans and Asians, Caucasians tend to experience it more commonly than other racial groups.

Figure 1  Seborrheic Keratosis Market, by Treatment, 2022 & 2032 (USD Billion)

Source Secondary Research, Primary Research, MRFR Database and Analyst Review

Seborrheic Keratosis Diagnosis Insights

The  seborrheic keratosis market segmentation, based on diagnosis, includes Skin Biopsy and Others. The skin biopsy category generated the most income. A skin biopsy may be done when a skin lesion's clinical appearance is unusual or when the diagnosis of seborrheic keratosis is unclear. During a skin biopsy, a pathologist removes a small portion of the skin lesion for microscopic inspection. A skin biopsy is performed to confirm the diagnosis and eliminate any potentially cancerous or worrisome skin diseases.

Seborrheic Keratosis Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American seborrheic keratosis market area will dominate this market due to the high cost of healthcare and growing public awareness of the ailment.  Focus has been placed on early detection and treatment of keratosis lesions such seborrheic keratoses due to the high incidence of skin cancer in both nations.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2  SEBORRHEIC KERATOSIS MARKET SHARE BY REGION 2022 (USD Billion)

Source Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe seborrheic keratosis market accounts for the second-largest market share because the major market players have increased their local presence. Additionally, it is projected that in the upcoming years, the increased demand for aesthetic operations would fuel the rise of the seborrheic keratosis market in the area. Further, the German seborrheic keratosis market held the largest market share, and the UK seborrheic keratosis market was the fastest growing market in the European region

The Asia-Pacific Seborrheic keratosis Market is expected to grow at the fastest CAGR from 2023 to 2032 attributable to the increase in surgical treatment approvals. During the forecast period, the presence of significant important players will also contribute to the market for seborrheic keratosis in the area. Moreover, China’s seborrheic keratosis market held the largest market share, and the Indian seborrheic keratosis market was the fastest growing market in the Asia-Pacific region.

Seborrheic Keratosis Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the seborrheic keratosis market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their  footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, seborrheic keratosis industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the  seborrheic keratosis industry to benefit clients and increase the market sector. In recent years, the seborrheic keratosis industry has offered some of the most significant advantages to market. Major players in the seborrheic keratosis market attempting to increase market demand by investing in research and development operations include Aclaris Therapeutics, Alma Lasers, Angiodynamics, Apira Science Inc., Becton Dickinson and Company, Biolase Inc, BioLight Technologies LLC and Coherent.

For doctors, chiropractors, and other healthcare practitioners, BioLight Technologies offers cutting-edge holistic and alternative healthcare solutions. a team of experts with more than 100 years of combined expertise founded the company. Low-level laser therapy, cutting-edge computerized body scanning equipment, nutritional supplements, and homeopathic medicines are all used in BioLight Technologies' non-invasive and therapeutic regimens. It specializes in scientifically fusing holistic medical theory with cutting-edge technology to offer a different, non-invasive, and all-natural approach to long-term health and wellness. It offers medical technology and equipment to licensed healthcare professionals looking to grow their businesses by treating both acute and chronic illnesses in their patients.

Apira Science, Inc., a pioneer in the creation, production, and marketing of low-level light therapy (LLLT) systems and products for the consumer market, is one of the world's top providers of aesthetic light-based therapies. Apira, which was established in 2004, broke into the hair restoration market with the release of its Revage670 clinical laser hair rejuvenation system. Apira has developed user-friendly, in-home devices for hair growth and a number of skin disorders by combining decades' worth of scientific study with its own work on low-level light treatment technologies.

Key Companies in the seborrheic keratosis market include

• Aclaris Therapeutics


• Alma Lasers


• Angiodynamics


• Apira Science Inc.


• Becton Dickinson and Company


• Biolase Inc


• BioLight Technologies LLC


• Coherent

Seborrheic Keratosis Industry Developments

October 2020 SeylanMED was purchased by US-based DermBiont, a business focused on the advancement of tailored topical medicines. Our pharmaceutical pipeline, which includes a first-in-class, targeted topical small molecule, reflects the acquisitions' aim to address skin disorders at their root. A seborrheic keratosis targeted therapy is being developed by the US-based biotech company SeylanMED.

Seborrheic Keratosis Market Segmentation

Seborrheic Keratosis Type Outlook (USD Billion, 2018-2032)

• Reticulated


• Stucco


• Clonal


• Dermatosis Papulosa Nigra


• Others

Seborrheic Keratosis Treatment Outlook (USD Billion, 2018-2032)

• Medication


• Surgery


• Laser Therapy

Seborrheic Keratosis Diagnosis Outlook (USD Billion, 2018-2032)

• Skin Biopsy


• Others

Seborrheic Keratosis Regional Outlook (USD Billion, 2018-2032)

• 
  North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• 
  Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• 
  Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• 
  Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America