SEATTLE, May 28, 2021, (MEDGADGET) — Overview
A side effect of external beam ionizing radiation is radiodermatitis, also known as x-ray dermatitis, radiation dermatitis, radiation-induced skin responses, or radiation damage. Radiotherapy, which is used to cure tumors and other illnesses, is one of the leading causes of radiodermatitis. Nuclear attacks and earthquakes may also trigger this disease.
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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Drivers
Over the projected period, increasing cancer incidence is projected to boost the global radiodermatitis market. According to the American Cancer Society, there will be 1,762,450 new cancer patients diagnosed and 606,880 cancer deaths in the United States in 2019.
Furthermore, increased research and development work to develop newer therapies for radiodermatitis treatment is expected to augment growth of the global radiodermatitis market. Kannalife, Inc., filed a new U.S. Patent in December 2019 for its patented and experimental CBD-like molecules for the treatment of radiodermatitis and other skin disorders.
In terms of value, topical agents dominated the global radiodermatitis market in 2019, accounting for 70.5% of the market, supplemented by dressing and oral medication segments, respectively.
Restraints
Growth of the global radiodermatitis market is projected to be hampered by the advent of improved radiation therapy devices. The severity and likelihood of developing radiodermatitis may be determined by the patient or the procedure. The form and nature of the radiation beam, as well as the position and scale of the treatment field, are both treatment-related considerations.
By more specifically treating tumors, advanced radiotherapy techniques such as intensity-modulated radiation therapy (IMRT) and proton therapy may reduce the risk of radiodermatitis. Such a situation is likely to stifle demand expansion.
Furthermore, high-cost dressings such as honey-impregnated and silicone dressings are likely to restrain market growth.
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Opportunities
For players in the global radiodermatitis market, R&D in radiodermatitis is projected to provide lucrative growth opportunities. In the second half of 2020, Jay Pharma, plans to start a pilot study focused on radiodermatitis.
Furthermore, spending money to raise concern about radiation-induced skin damage among caregivers and patients in regions with ordinary standard care procedures, such as Asia Pacific, Latin America, and the Middle East and Africa, is expected to help in expansion of the market.
The global radiodermatitis market was worth US$ 346.9 million in 2019 and is expected to grow to US$ 472.8 million by 2027 with a CAGR of 3.9% over the forecast period (2020-2027).
Key Takeaways
For the prevention of radiodermatitis, topical medications are often prescribed. Despite the lack of evidence to justify their application, topical steroids and emollients are the most often used agents for the treatment of radiodermatitis around the world. Alternative herbal remedies include aloe vera gel. Gels are effective in seborrheic areas, while creams are effective in areas other than skin folds and seborrheic areas.
In the treatment of radiodermatitis, over-the-counter (OTC) medications are favored over prescription products. This is due to word-of-mouth advice and the quick availability of OTC drugs both online and in local pharmacies. Hydrophilic is an easily available OTC that creams sooth redness and itching.
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Value Chain Analysis
The sourcing of raw materials, such as API for oral medication and silicone/hydrogel for silicone and hydrogel dressings, is the first step in the supply chain for radiation dermatitis products. The content goes into R&D, processing, and the supply chain before being sold to end-users in laboratories, hospitals, and convenience stores (brick & mortar as well as online stores).
Competitive Landscape
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.), Molnlycke Health Care.
Key Developments
The market’s major players are focusing on M&A tactics to broaden their product range.
3M purchased Acelity, Inc. and its KCI subsidiaries in October 2019.
Rebound Therapeutics, a maker of single-use medical devices that allow minimally invasive access in neurosurgery, was acquired by Integra LifeSciences Holdings Corporation in September 2019.
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