Radiodermatitis Market Size 2021 Emerging Trends, Growing At A CAGR of 3.9%, Development Status, Future Demands, Market Potential, Regional Overview and SWOT Analysis till 2027
SEATTLE, May 04, 2021, (PHARMIWEB) —
Acute and chronic radiodermatitis are the two forms of radiodermatitis. The acute condition progresses within 90 days after radiation treatment, while the chronic condition develops between 15 days and 10 years or more after the initiation of radiation therapy. Radiodermatitis is treated and controlled with topical drugs, oral medications, and dressings.
The global radiodermatitis market is priced at US$ 360.5 million and is projected to rise to US$ 472.8 million by the end of 2027.
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During the forecast period, the global radiodermatitis market is expected to rise due to the high risk of recurrent radiodermatitis following fluoroscopically driven interventions. For instance, According to a report published in the Journal of Vascular and Interventional Radiology in May 2019, 8.8% of patients who underwent fluoroscopically supervised procedures developed chronic radiodermatitis.
The lack of a definitive/standard cure provides an enticing prospect for a breakthrough, creating lucrative development prospects for the companies operating in the global radiodermatitis market. Topical agents such as water-based moisturising creams or lotions, topical steroids, anti-inflammatory emulsions, and wound dressings are often used to treat radiation dermatitis symptoms. Also with these choices, there is currently no proven reliable routine procedure for the prevention of radiation-induced dermatitis. This opens up a significant window of potential for the advancement of a game-changing procedure that can be called routine care that is successful in the treatment of radiation-induced skin injury.
Growth of the global radiodermatitis market is expected to be hindered by the new regulatory climate. Clinical trials and regulatory approval are expected for treatment drugs for radiation dermatitis. Conducting trials and obtaining clearance for new technologies is a time-consuming procedure that often necessitates a significant financial commitment. Certain studies pertaining to this market’s termination or ineffectiveness in obtaining a standard treatment could serve as a deterrent for new entrants, restricting the market’s growth.
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Mepilex Lite (Mölnlycke Health Care, Sweden) is a Swedish silicon-foam skin dressing that is used to treat burns and slow-healing wounds in New Zealand. The use of a silver-leaf nylon dressing has been shown to have antimicrobial efficacy and to improve healing of burns and skin grafts. Radiodermatitis may also be treated with non-adherent dressings such as silicone dressings and no-sting barrier film dressings.
In the market, e-commerce is a big distribution platform. Cavilon no sting barrier video, for example, is available for purchase on 3M’s official website as well as distribution websites like Amazon. Key players in this industry with big products available online include RadX, Stratpharma, Molnlycke Health Insurance, Medline Industries, and Advancis Medical.
Key companies contributing in the global radiodermatitis market are Intermed Pharmaceuticals, ConvaTec Group PLC, Smith & Nephew Plc, BMG Pharma S.r.l., Jay Pharma, Kannalife, Inc., Acelity, Inc. (3M), Stratpharma AG, Integra LifeSciences Holdings Corporation (DermaSciences Inc.), and Molnlycke Health Care.
ConvaTec Group Plc agreed to buy the assets of Southlake Medical Supplies, Inc., a U.S.-based independent distributor of catheter-related supplies, in September 2019.
Arkis Biosciences Inc., a privately owned firm that sells a range of neurosurgical products, was purchased by Integra LifeSciences Holdings Corporation in July 2019.
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- Global Radiodermatitis Market, By Product Type:
- Topical Agents
- Hydrophilic Creams
- Oral Medication
- Other (Analgesic & Anti-Inflammatory)
- No Sting Barrier Film
- Honey Impregnated Dressing
- Silicone coated Dressing
- Topical Agents
- Global Radiodermatitis Market, By Distribution Channel:
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
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