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Radiation Toxicity Treatment Market 2021 Research Findings, Market Growth Factors Analysis and Forecasts 2029 | Amgen Inc., Partner Therapeutics, Inc., Novartis AG, Mylan NV | FMI Report

The global radiationtoxicity treatment market is expected to surpass a valuation ofUS$ 5.5 Bn by the end of the projection period in 2029. The ongoing coronaviruscrisis has moderately impacted operations in the market, as healthcarefacilities are increasingly redirecting their resources towards handling theunprecedented influx of covid-19 patients, with radiation toxicity treatmentsbeing delayed, save in urgent cases. In addition, supply chain disruptions ofcritical raw materials will hinder market growth during this period.

“The growing number of cancer cases around the world has resultedin increased adoption of radiotherapy treatments. Consequently, the cases ofradiation toxicity have also been on the rise in recent years. Prevailingorphan drug regulations encourage the development of new radiation toxicitytreatments, aiding market growth for the foreseeable future,” says the FMIanalyst.

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Radiation Toxicity Treatment Market – Key Takeaways

  • Ionizing radiation processes are highly sought after for radiation toxicity, owing to lower risks of side effects.
  • Acute radiation syndrome applications are key to revenue streams, aided by the large number cancer cases, which use radiotherapy.
  • North America remains a lucrative market for radiation toxicity treatment owing to access to PET and SPECT devices in hospitals and diagnostic centers.

Radiation Toxicity Treatment Market – Key Driving Factors

  • Concerns over nuclear arsenals and nuclear power infrastructure around the world are a key factor supporting government programs for radiation toxicity treatments.
  • The growing applications of nuclear medicine and radiation therapy for multiple ailments generates lucrative opportunities.
  • Higher prevalence of cancer cases and rising patient awareness about healthcare options will aid market growth.

Radiation Toxicity Treatment Market – Key Constraints

  • High costs associated with the processes of radiation toxicity treatment is a key factor hindering adoption.
  • Additional risk of health complications from the administration of radiation toxicity treatments is a challenge for market players.

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The Anticipated Impact of Coronavirus

The rapid and wide spread of the coronavirus has resulted in anunprecedented influx of patients into the healthcare system. The burden ofthese cases is likely to be felt on the radiation toxicity treatment market asresources are being directed towards covid-19 cases, resulting in radiationtoxicity treatment interruptions, lack of adequate healthcare practitioners,and postponed resumption of treatment. However, the market will witness asteady recovery post the end of the pandemic, driven by the vast pool of cancerpatients.

Competition Landscape

Prominent manufacturers in the radiation toxicity treatment marketinclude but are not limited to Upsher-Smith Laboratories, Amgen Inc., AvondalePharmaceuticals, Partner Therapeutics, Mylan NV, and Novartis AG. Manufacturersare investing in product innovation and inorganic growth strategies. Forinstance, U.S. based researchers have come up with new radiation measuringdevices which require only a single drop of blood for an accurate diagnosis.

COVID -19: Impact Analysis@

More About the Report

The FMI’s market research report offers detailed insights on radiationtoxicity treatments market. The market is scrutinized on the basis of product(colony stimulating factors, potassium iodide, Prussian blue,diethylenetriamine pentaacetic acid, and others), indication (acute radiationsyndrome and chronic radiation syndrome), radiation (ionizing radiation andnon-ionizing radiation), and end user (hospitals and research & academicinstitutes), across seven key regions (North America, Latin America, Europe,East Asia, South Asia, Oceania, and Middle East and Africa).

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Last Updated: 10-Mar-2021