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How has the radiation toxicity treatment market evolved, and where is it heading next?
The radiation toxicity treatment market size has grown strongly in recent years. It will grow from $3.74 billion in 2024 to $3.99 billion in 2025 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to increase in the prevalence of cancer globally, rise in demand for radiotherapy as a treatment option, growth in healthcare infrastructure and facilities, increase incidence of radiation exposure, and growth in awareness of radiation toxicity.
The radiation toxicity treatment market size is expected to see strong growth in the next few years. It will grow to $5.12 billion in 2029 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to growing personalized medicine approaches, rising focus on preventive healthcare measures, growing demand for outpatient care services, rising global awareness campaigns regarding radiation safety, and increasing government initiatives aimed at improving cancer care access. Major trends in the forecast period include integration of artificial intelligence in treatment planning, advancements in image-guided radiation therapy, development of stereotactic body radiation therapy, advancements in nanoparticle drug delivery systems, and integration of 3D printing for customized treatment solutions.
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What are the key drivers behind the rapid expansion of the radiation toxicity treatment market?
The increasing prevalence of cancer is expected to propel the growth of the radiation toxicity treatment market going forward. Cancer is a group of diseases characterized by the uncontrolled growth and proliferation of abnormal cells that can invade surrounding tissues and spread to other parts of the body. The increasing prevalence of cancer is attributed to factors such as lifestyle changes, environmental pollution, genetic predisposition, and improved diagnostic capabilities that lead to earlier detection. Radiation toxicity treatment is essential for managing the side effects of radiation therapy in cancer treatment, promoting patient recovery, and minimizing long-term damage. For instance, in August 2024, according to a report published by the Macmillan Cancer Support, a UK-based charitable organization, currently, there are over 3 million individuals living with cancer in the UK, a number projected to increase to 3.5 million by 2025, 4 million by 2030, and 5.3 million by 2040. Therefore, the increasing prevalence of cancer is driving the growth of the radiation toxicity treatment market.
What is the segmentation for the radiation toxicity treatment market?
The radiation toxicity treatment market covered in this report is segmented –
1) By Product: Colony Stimulating Factors, Potassium Iodide, Prussian Blue, Diethylenetriamine Pentaacetic Acid, Others Products
2) By Indication: Acute Radiation Syndrome, Chronic Radiation Syndrome
3) By Radiation Type: Ionizing Radiation, Non-Ionizing Radiation
4) By End-User: Hospitals, Research And Academic Institutes
Subsegments:
1) By Colony Stimulating Factors: Granulocyte Colony-Stimulating Factor (G-CSF), Granulocyte-Macrophage Colony-Stimulating Factor (GM-CSF)
2) By Potassium Iodide: Oral Potassium Iodide Tablets, Liquid Potassium Iodide Solution
3) By Prussian Blue: Capsules Of Prussian Blue, Prussian Blue Resin
4) By Diethylenetriamine Pentaacetic Acid (DTPA): DTPA Injection (Calcium And Zinc DTPA)
5) By Other Products: Amifostine, Sodium Bicarbonate, Doxycycline, Activated Charcoal
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Who are the most influential companies in the radiation toxicity treatment market?
Major companies operating in the radiation toxicity treatment market are Pfizer Inc., Merck & Co. Inc., Bayer AG, Sanofi S.A., Bristol-Myers Squibb Company, AstraZeneca PLC, Novartis AG, Amgen Inc., Varian Medical Systems, Recipharm AB, Elekta AB, Lantheus Medical Imaging Inc., Ion Beam Applications SA, Accuray Incorporated, Coherus BioSciences Inc., Eckert & Ziegler Strahlen- und Medizintechnik AG, Theragenics Corp., NorthStar Medical Radioisotopes LLC, Fusion Pharmaceuticals Inc., Blue Earth Diagnostics Ltd., Partner Therapeutics Inc., Heyl Chemisch-pharmazeutische Fabrik GmbH & Co. KG, Humanetics Corporation, Actinium Pharmaceuticals Inc., Clarity Pharmaceuticals Ltd.
What major trends will shape the radiation toxicity treatment market during the forecast period?
Major companies operating in the radiation toxicity treatment market are focusing on technological advancements such as advanced drug delivery systems to improve the precision and effectiveness of treatments, enhance patient compliance, and minimize side effects, ultimately contributing to better therapeutic outcomes and faster recovery times. A drug delivery system is a method that directs medication to specific areas of the body, ensuring proper dosage and effectiveness while reducing unwanted effects. For instance, in December 2023, Coherus BioSciences, a US-based biopharmaceutical company, announced that the U.S. FDA had approved UDENYCA ONBODY, a new on-body injector for pegfilgrastim-cbqv. This device is designed to be used the day after chemotherapy to help reduce the risk of infection caused by febrile neutropenia. The injector administers the medication in just five minutes and features a retractable needle for enhanced safety and comfort. With this approval, Coherus aims to provide a more convenient and user-friendly solution for managing chemotherapy side effects.
What are the major regional insights for the radiation toxicity treatment market, and which region holds the top position?
North America was the largest region in the radiation toxicity treatment market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the radiation toxicity treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Radiation Toxicity Treatment Market Report 2025 Offer?
The radiation toxicity treatment market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Radiation toxicity treatment encompasses medical approaches designed to address and mitigate the adverse effects resulting from excessive radiation exposure. These treatments focus on managing symptoms such as fatigue, nausea, and skin injuries, and severe conditions such as damage to organs or bone marrow, with the goal of aiding recovery and reducing long-term health risks.
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