Private Equity
Andrea Alms Video: Money In Motion 116 - Skin Cancer Melanoma Therapeutic Market Overview
July 2024 - Private Equity
TRANSCRIPT Hello, my name is Andrea Alms. I'm a technology investor and financial manager and this is your money in motion. What is it? Skin cancer is a disease that occurs when skin cells grow out of control and form malignant tumors. This happens when damage to skin cells, usually caused by exposure to ultraviolet radiation from sun tanning beds. Sunlight causes cells to multiply rapidly and mutate. The type of skin cancer a person develops depends on where the cancer starts. In the skin's top layer, the epidermis. The three main types of skin cancer a basal cell carcinoma, squamous cell carcinoma, and melanoma. Skin cancer is the most common, according to the Cancer Research USA. Eight out of ten cases of melanoma can be prevented through an understanding of the harmful effects of sunlight and how to protect oneself from the harmful rays.
Even though people are aware of the causes and use sunscreen and other types of sunblock to mitigate the risk. Still, approximately 9,500 are still diagnosed with the disease every day. At Grandview, the global market was 5.1 billion in 2022 and is projected to reach 10.98 billion by 2030 at a compound average growth rate of 10.3%. At markets and research, the market size in 2023 was worth 7.4 billion at a combat average growth rate of 10.2%, and expected to reach 12.1 billion in 2028.
At Precedence, the market was $5.5 billion in 2022 and expected to reach $14.559 billion in 2032, at a compound average growth rate of 10.3%. Averaging the averages, the market is $6 billion at 10.3%. Growth rate.
Thank you. This is your money. Your money in motion.