The Middle East and Africa Melanoma Therapeutics Market was worth USD 0.18 billion in 2022 and estimated to be growing at a CAGR of 13.49%, to reach USD 0.34 billion by 2027. The melanoma market in the Middle East and Africa has seen an unmatched boost in market size due to the dynamically developing nature of melanoma treatments over the recent past.
Even though many treatment choices are available today, various immunotherapies and combination therapies are anticipated to arrive on the market. Large-scale acceptance of these new treatments is expected due to their enhanced survival benefits and minor side effects.
Melanoma can develop in areas heavily exposed to the sun, such as the back, legs, arms, and other regions. The growing population in the region is driving the demand for melanoma therapeutics in the market. Melanoma can develop in areas heavily exposed to the sun, such as the back, legs, arms, and other regions. Also, the technological advancements for developing new and innovative therapies and increasing demand for better treatment and effective therapies propel the market growth.
In addition, the increasing initiatives for developing proper medical and health care infrastructure in the region also contribute to the market's growth. Furthermore, the increased investments from government and private organizations in research activities for developing effective therapies and drugs for treating melanoma in the region, rising awareness among the people about the programs for pre- diagnosing of melanoma, and treatments available in the market help in increasing the growth of the MEA melanoma therapeutics market.
However, an increase in the high costs of the treatment and therapies with the lack of poor reimbursements policies are majorly restraining the growth of the melanoma therapeutics market. In addition, the lack of awareness about melanoma among people and the presence of treatment and therapies available in the market are limiting the market's growth.
Further, the strict government rules and regulations and stringent approval policies make the entry of the product difficult and hamper the market's growth. In addition, the lack of availability of appropriate treatment facilities and well-developed healthcare services impeded the development of the melanoma therapeutics market.
This research report on the MEA melanoma therapeutics market has been segmented and sub-segmented into the following categories:
By Cancer Stage:
By Cancer Type:
The Middle East and Africa are estimated to register a moderate share in the global market during the forecast period. In recent years, the shifting focus of key market players from developed to developing markets is enabling market growth in the region. Also, the increasing melanoma cases and skin allergies due to the sunny weather, depleting health diet, and health habits are expected to help in boosting the market growth in the melanoma market. Moreover, rapidly expanding economies and their attraction towards significant market players are looking to expand their facilities in these countries. In addition, the recent increase in melanoma cases and specific skin allergies is also increasing the demand in the region.
South Africa held the largest share of the MEA melanoma therapeutics market in 2020, and it is likely to continue its dominance throughout the forecast period. Improving the healthcare sector, government initiatives to promote research and development activities for developing effective drugs and medication also contribute to the growth of melanoma therapeutics.
UAE is expected to register an exponential growth rate during the forecast period due to the growing healthcare spending, increasing government initiatives for attracting major market players to invest their resources in the region, and favorable reimbursement policies. Another factor for the growth of the market is the increasing melanoma cases in UAE.
KEY MARKET PLAYERS:
A few of the key players operating in the MEA melanoma therapeutics market profiled in this report are Bristol-Myers Squibb Co., Merck and Co., F. Hoffmann-La Roche, Amgen Inc., Celgene Corp, Daiichi Sankyo, and Pfizer Inc.
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