PUBLISHER: Inkwood Research | PRODUCT CODE: 1294753
PUBLISHER: Inkwood Research | PRODUCT CODE: 1294753
The North America skin cancer diagnostics market is expected to grow with a 7.28% CAGR during the estimation period 2023-2032. The market growth is driven by heavy R&D investments and a rapid increase in melanoma cases in the region.
The North America skin cancer diagnostics market growth evaluation covers a thorough assessment of Canada and the United States. Canada holds a prominent position globally in terms of national health expenditure. The Canadian Institute for Health Information has projected that the nation's total health spending is expected to touch $331 billion in 2022, which amounts to $8,563 per capita.
The Canadian government, recognizing the severity of this health crisis, has committed to intensifying efforts to tackle skin cancer. The Public Health Agency of Canada (PHAC), responsible for monitoring cancer trends in the country, plays a pivotal role in identifying risk factors, strategizing programs for risk reduction, and researching environmental and behavioral hazards. Furthermore, Health Canada spearheads initiatives to raise public awareness about sun safety and the detrimental effects of UV radiation.
The continued escalation in skin cancer prevalence, coupled with an unwavering commitment from governmental and private entities to elevate public consciousness about early cancer detection and preventive measures, is anticipated to serve as critical catalysts propelling the market growth.
Some of the leading market players include: Dermlite LLC, Castle Biosciences Inc, etc.