Pune, Oct. 05, 2020 (GLOBE NEWSWIRE) -- Rising demand for effective treatments post-radiation is what will drive the global radiodermatitis market, according to Fortune Business. The report also provides a comprehensive market analysis and in-depth evaluation of the factors that will play an influential role during the forecast period.
Radiation dermatitis or radiodermatitis is a condition that occurs on the skin after a patient has undergone radiation therapy. Radiation therapy is a common treatment procedure that employs X-rays to destroy cancer cells and shrink tumors. These X-ray beams are concentrated and produce irradiated free radicals in the body. This results in DNA damage, tissue injury, and painful inflammations on the skin. Thus, radiodermatitis is a side effect of radiation therapy and is known to affect a vast majority of cancer patients.
Highlights of the Report:
- Analysis of the impact of Covid-19 that the market would face in the near future.
- In-depth analysis of the growth drivers and obstacles.
- Profile of all the companies operating in the market.
- Elaborate data about the dominating region.
- Competitive landscape consisting of mergers & acquisitions, investments, partnerships, new product launches, opening of new facilities, and new contracts.
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Staggering Rise in Cancer Cases to Propel Market Growth
The global radiodermatitis market is poised for steady growth trajectory owing to the rapid rate of increase of cancer cases worldwide. The World Health Organisation (WHO) statistics reveal that in 2018, cancer deaths accounted for nearly 9.6 mn; by 2030, they are expected to reach 13 mn.
The global radiodermatitis market size is expected to expand at a considerable rate during the forecast period as cancer cases are anticipated to rise at such an astonishing rate.
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Growing Demand for Advanced Treatment to Spur Innovation in the Market
Radiation therapy has painful side effects and radiodermatitis is probably the worst of the lot. It is known to occur in 85% of cancer patients who are treated with radiation, according to the National Institute of Health. To counter the extreme effects of radiation, there is a steadily growing demand for effective palliative treatment options from cancer survivors.
This factor is expected to further augment the global radiodermatitis market growth as companies look to develop new treatments through increased research. For example, Stratpharma AG launched a topical wound dressing for radiation dermatitis named StrataXRT in 2017.
Fears Associated with Radiation May Hinder the Market
The global radiodermatitis market may experience sluggishness during the forecast period on account of the fears cancer patients have regarding radiation therapy. Radiation using X-rays, while killing harmful cancer cells, also damages healthy cells and tissues which leads to moderate-to-severe side effects such as fatigue, diarrhea, and nausea, along with radiation burns.
These side effects deter patients from availing radiation and chemotherapy, which will restrain the global radiodermatitis market in the upcoming decade.
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FDA Approval for Helsinn’s Xonrid Gel to Boost Investment in Research
Helsinn Healthcare, a Swiss pharmaceutical group, developed Xonrid Gel as a topical therapy for radiodermatitis. In December 2016, the treatment received FDA approval and the company officially launched the product in the US. Such approvals are harbingers of good news for the global radiodermatitis market as more companies will be encouraged to double down their investment in research and innovation.
List of the key players in the global radiodermatitis market:
- Smith & Nephew
- Helsinn Healthcare SA
- Mölnlycke Health Care AB
- Stratpharma AG
- KCI Licensing Inc.
Rising Incidence of Cancer to Put North America in a Leading Market Position
North America is expected to occupy a dominant presence in the global radiodermatitis market in the forecast period owing to rising prevalence of cancer in the US. The American Cancer Society estimates that in 2019, there will be 1,762,450 new cancer cases in the US. Increasing preference for radiation therapy is also expected to be a major driving factor for the market in North America.
In Asia-Pacific, rising public and private investment in cancer research and healthcare infrastructure is anticipated to boost the global radiodermatitis market during the forecast period.
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Radiodermatitis Market Segmentations:
By Product
• Hydrogel & Hydrocolloid Dressing
• No-Sting Barrier Film
• Silver Leaf Dressing
• Silicone Coated Dressings
• Corticosteroids
• Hydrophilic Creams
• Antibiotics
• Honey Impregnated Gauze
• Others
By Route of Administration
• Topical
• Oral
By Distribution Channel
• Hospitals
• Cancer Specialist Clinics
• Research Institutes
• Others
By Geography
• North America (U.S. and Canada)
• Europe (U.K., Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)
• Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)
• Latin America (Brazil, Mexico, and Rest of Latin America)
• Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
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