Strong and expanding prevalence of cancer is undeniable, but the failure of humanity to find an adequate therapy for the chronic disease ‘without side effects’ is another irrefutable reality. For now, cumulative daily doses of radiation therapy are used for cancer treatment, which causes a side-effect called radiodermatitis. Radiodermatitis significantly affects the patient’s quality of life by enticing debilitating pain and discomfort and can potentially hinder further treatment regimes.
Thankfully, topical agents and dressings have been formulated that can efficiently negotiate with the repercussions of chemotherapy, and the Radiodermatitis Market is flourishing. According to the calculations of this business intelligence report, the demand in the global radiodermatitis market will increment at a CAGR of 3.93% during the forecast period of 2017 to 2024. Revenue-wise, the radiodermatitis market is estimated to be worth US$421.5 million by the end of 2024, swelling up from its evaluated worth of US$321.9 million as of 2017.
According to the latest estimations by the American Cancer Society, there will be 21.7 million cases of cancer across the world by 2030. Owing to increased disposable income of urban populations and improving healthcare infrastructure in several emerging economies – substantially stronger pool of patients are expected to go through cancer treatment, which in turn will augment the demand in the radiodermatitis market. Industry-academia and industry-institute partnerships, innovations in product offering, and strengthening of distribution network by major manufacturers are some of the other factors foreseen to drive the radiodermatitis market. On the other hand, advent of equipment of radiation therapies such as intensity-modulated radiation therapy (IMRT) and proton therapy that impart fewer side effects is the prominent restraint over this market.
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On the basis of product type, this report segments the radiodermatitis market into topical, dressings, and oral medication. The topical segment, which has been further sub-segmented into hydrophilic creams, corticosteroids, and others such as antibiotics, constituted for the most prominent chunk of demand in 2017, generating a revenue of US$225.8 million. Over the course of the forecast period of 2017 to 2024, the demand for topical segment is projected to multiply at an above-average CAGR of 4.2%. Topical steroids have shown the ability to inhibit the upregulation of cytokines in response to radiation and their demand is proliferating. The strong demand for hydrophilic creams, which is estimated to a demand worth of US$233.2 million by 2024, is a reflection of its effectiveness in preventive care in initial stages of radiation dermatitis.
In comparison to hydrophilic creams and corticosteroids, the antibiotics sub-segment is showing slower growth rate due to improvement in treatment regime during the forecast period, necessitating less dependence on antibiotics. Moreover, several radiation dermatitis specific creams such as Radiation Rescue and StrataXRT are antibacterial in nature. Hence, preference for combination topical agents is likely to restrain the topical antibiotics segment.
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