PUBLISHER: Inkwood Research | PRODUCT CODE: 1294754
PUBLISHER: Inkwood Research | PRODUCT CODE: 1294754
The Germany skin cancer diagnostics market is estimated to accelerate with a 7.48% CAGR during the estimation period 2023-2030. The market growth is propelled by rising melanoma incidence, mandatory skin cancer screening, and substantial healthcare expenditure.
Data from the cancer registries of the Saarland and Schleswig-Holstein federal states in Germany underscore the rising incidence and mortality trends associated with skin cancer in the country. In 2019, malignant melanoma, a particularly aggressive skin tumor responsible for over 90% of skin cancer-related deaths, was diagnosed in approximately 22,411 individuals, with a roughly equal distribution between men and women.
Since 2008, Germany has instituted mandatory skin cancer screening by an extensive network of healthcare professionals, including dermatologists, general practitioners, and internists. Despite these efforts, the incidence of malignant melanoma has seen a consistent rise over recent decades, particularly in Bavaria. This trend may be attributed to increased life expectancy and a shift in recreational habits leading to heightened UV exposure.
The rising cost of developing new cancer drugs, with pre-launch R&D costs for anticancer drugs ranging from $944 million to $5.4 billion, significantly contributes to high drug acquisition costs. Given the increasing incidence of skin cancer, the established statutory skin cancer screening mechanism, and significant healthcare expenditure, the Germany skin cancer diagnostic market is poised for continued growth and evolution.
Leading market players operating cover: NeraCare GmbH, AMLo Biosciences Ltd, etc.