The global Radiation Toxicity Treatment Market was valued at US$ 3.55 Billion in 2021 and is expected to reach US$ 5.58 Billion by 2029, finds Future Market Insights (FMI) in a recent market survey.
Market Outlook:
| Data Points | Market Insights |
|---|---|
| Market Value 2022 | USD 3.76 Billion |
| Market Value 2029 | USD 5.58 Billion |
| CAGR 2022 to 2029 | 5.8% |
| Share of Top 5 Countries | 57.4% |
| Key Players | The key players in the radiation toxicity treatment market are Amgen; Jubilant Life Sciences; Siegfried Holdings; Heyl Chemisch-pharmazeutische Fabrik GmbH & Co. KG; Recipharm AB; Mission Pharmacal Company; Partner Therapeutics, Inc.; Novartis AG; Mylan NV |
Cancer is one of the leading causes of death around the world. The global prevalence of cancer is continuously increasing, increasing the demand for radiotherapy as a therapeutic option. Being exposed to radiation during radiotherapy causes radiation toxicity.
As per the previous decade's trend, around 50% of patients with liver cancer, colon cancer, pancreatic cancer, and prostate cancer were treated with radiotherapy. Radiotherapy not only destroys tumor cells, but it also destroys normal and healthy cells in the proximity of the tumor. This is the primary cause of radiation toxicity in 60% of individuals who receive radiotherapy. As a result, with the rising prevalence of cancer, the number of cases of radiation toxicity is also increasing around the world.
Significant investments in nuclear energy in some countries have been increased in recent years, resulting in more nuclear facilities, which has raised the risk of individuals being exposed to radiation. The radiotherapy coverage policies and reimbursements provide easy access to radiotherapy treatments.
Increased usage of positron emission tomography (PET) and single photon emission computed tomography (SPECT) scanners in hospitals and diagnostic centers increases radiation toxicity due to gamma radiation emission, which provides a potential growth opportunity for the radiation toxicity market.
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
| Particulars | Details |
|---|---|
| H1, 2021 | 5.74% |
| H1, 2022 Projected | 5.79% |
| H1, 2022 Outlook | 5.69% |
| BPS Change - H1, 2022 (O) – H1, 2022 (P) | (-) 10 ↓ |
| BPS Change – H1, 2022 (O) – H1, 2021 | (-) 05 ↓ |
Regulatory compliances and clinical outcomes of treatment are dynamics that impact the market for radiation toxicity treatment. The market is subject to be influenced by macro, regulatory, and industrial factors. Developing radiation-drug combinations, and implementing non-ionic radiations for therapeutic use are key market developments.
According to FMI analysis, the radiation toxicity treatment market will show a decline in H1-2022 (O) growth rate as compared to H1-2021 by nearly 5 BPS. Additionally, a comparison of the growth rate for the projected H1-2022 and Outlook H1-2022 period also showed a dip of nearly 10 BPS.
Acute radiation damage, distal atrophy and necrosis, and radiation injury are factors that are leading toward a reduction in the BPS value for the radiation toxicity treatment market.
Development of treatment systems that use modulated beams of photons and protons to improve cancer outcomes by irradiating cancerous tissues in ways that lead to improved control of tumors and by reducing doses to healthy tissues to reduce treatment complications are two key factors that display a progressive approach towards growth for the overall radiation toxicity treatment market.
Conversely, other market segments are expected to perform objectively and achieve lucrative growth prospects in the next half of the projection period, owing to the clinical development of novel drug-radiotherapy.
Sales of the radiation toxicity treatment market grew at a CAGR of 4.9% between 2014 and 2021. In 2021, the global market of radiation toxicity treatment accounts for approx. 38% of the overall toxicology drug screening market which accounts for around US$ 9.4 Billion.
Radiation used in the treatment also damages the healthy cells present around cancer tumors in the human body, resulting in side effects such as dry mouth, mouth and gum sores, difficulty in swallowing, stiffness in the jaw, nausea, and others, after a duration ranging from days, months, to years.
For the prevention of damage to healthy cells, radiologists and dosimetrists are focusing on using software such as treatment planning software, radiation dose management, and others for providing the right amount of radiation doses to the patients at targeted locations, without harming the healthy cells around the tumor.
With technological evolution in the field of radiation, automation is successfully implemented in radiotherapy. Radiation therapy centers are increasingly using advanced software, such as treatment planning software, for developing a treatment plan for each beamline route for estimating the direction in which the therapy system will deliver radiotherapy to a patient hence, the demand for radiation toxicity treatment will increase and will drive the market.
The radiation toxicity treatment market is expected to grow in the future, as the healthcare profession continues to evolve as a result of the need to discover newer technologies to effectively diagnose any issue.
In addition, the market's growth is expected to be boosted by rising acceptance and quick expansion of new technologies in emerging economies throughout the forecast period. Leading companies are concentrating their efforts on the launch of new products as well as research and development.
Considering this, FMI expects the global radiation toxicity treatment to grow at a CAGR of 5.8% through 2029.
Principal Consultant
Lack of guidance regarding rare diseases such as acute radiation syndrome-specific research methodologies and identifying patients for a study, especially including very impaired or minimally impaired patients in research remains a challenge.
There also exist various legal and ethical issues to finding an adequate sample size for clinical research. Selecting appropriate outcomes and their measurement is difficult due to heterogeneity in treatment and the effect of various diseases in patients due to the absence of validated outcomes. Also, a lack of disease knowledge and diversity in terms of epidemiology, diagnosis, prognosis, and treatment affects the clinical trial design and planning.
In cases of rare diseases such as acute radiation syndrome, the patient–physician relationship may not fit with the traditional assumptions of medical care. The lack of disease-related expertise among healthcare professionals and psychological challenges associated with the diagnosis of an incurable disease may lead to improper treatment. Due to poor knowledge of rare diseases and limited therapeutic options of treatments, physicians may not act as competent technical experts who provide relevant information to patients.
To avoid this, disease specialists should be trained to deal with patients with rare diseases and they must learn to cope with assertive and well-informed expert patients. Educational associations and institutions in healthcare should encourage physicians to practice and improve their skills in this area.
This can prove to be a major restraining factor for the product segment of the radiation toxicity treatment market.
In 2021, the USA dominated the North American market, with more than 91% of the market share. The United States of America has the largest market for radiation toxicity treatment. The market is driven by factors such as rising cancer incidence and mortality, the replacement of older therapies with newer ones, and the provision of reimbursements for radiation toxicity therapy, the United States of America is expected to reflect similar market trends over the projection timeframe. Furthermore, in the United States of America, the implementation of safety rules and policies, improved treatment outcomes of radiation toxicity therapy, and significant investments by key manufacturers in product development and distribution are boosting the radiation toxicity treatment market growth.
Germany dominated the European radiation toxicity treatment market and accounted for approx. 20.6% of the market share in 2021, owing to the increased use of PET and single-photon emission computed tomography scanning machines across various diagnostic centers. Furthermore, favorable health coverage policies and stringent regulations have boosted the market growth in the region.
While Europe is identified as a lucrative market, stakeholders are particularly eying the profits in East and South Asia. These regional markets are turning attractive with the increasing per capita healthcare expenditure and multiple government programs for integrated healthcare systems.
The radiation toxicity treatment market in China is projected to grow at a 10.4% CAGR in East Asia throughout the forecast period. Rising awareness about advanced radiation toxicity treatments, as well as improving healthcare infrastructure, are expected to fuel the growth of the China radiation toxicity treatment market throughout the forecast period. Furthermore, China's radiation toxicity treatment market is expected to rise at a faster rate by 2029 as a result of a strong focus on research and development in the region.
India is an emerging market for radiation toxicity treatment and accounts for the largest share of more than 48% of the South Asia radiation toxicity treatment market due to improving healthcare infrastructure, the large patient base for target diseases, and the growing presence of leading market players in the region to grab the advantage of the rising opportunities given in India. These are the main drivers of the radiation toxicity treatment market growth in this region.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
Colony-stimulating factors are the leading segment and are expected to gain more than 78% of revenue share in 2021 owing to the increasing adoption of colony-stimulating factors (CSFs).
The management of febrile neutropenia in cancer patients has become increasingly important as chemotherapy doses have been increased and the variety of available treatment lines has grown. Colony-stimulating factors (CSFs) are growth hormones that prevent chemotherapy-induced neutropenia.
They include granulocyte-colony stimulating factors (G-CSF) and granulocyte macrophage-colony stimulating factors (GM-CSF). They are utilized in frail patients undergoing chemotherapy and patients undergoing highly haematotoxic programs.
Acute radiation syndrome is caused by irradiation of the entire body by a high dose of penetrating radiation in a very short period of time. The acute radiation syndrome segment by indication is projected to account for 87.8% of the total market share in 2021 as acute radiation syndrome is highly progressive by nature and can affect patients in less than 24 hours of exposure to radiation.
Representing a whopping 89.6% share of the global market in 2021, ionizing radiation remains the highly preferred radiation toxicity treatment, particularly in developed countries. On the other side, it also continues to witness growing traction within developing regional markets. Under ionizing radiation, the gamma radiation method accounts for over 55.8% share, while alpha and beta radiation methods are observing significant adoption.
The hospital segment accounts for the highest share of over 88% in 2021 by the end user due to increasing adoption and increasing footfalls to seek effective radiation toxicity treatment at hospitals, availability of advanced devices, and the presence of qualified medical personnel in the hospital.
The global radiation toxicity treatment market is highly consolidated. Leading players in the radiation toxicity treatment market are also emphasizing collaboration with distributors or local manufacturers to enhance their distribution channels in emerging economies.
For instance, In September 2020, the AI-Rad Companion Organs RT, the latest AI-Rad Companion artificial intelligence-based software assistant from Siemens Healthineers, received FDA approval. As part of the radiation therapy planning workflow, AI-Rad Companion Organs RT uses deep-learning AI algorithms to autonomously outline organs at risk (OARs) on computed tomography (CT) images, facilitating precision medicine.
In May 2018, Partner Therapeutics signed a distribution agreement with Tanner Pharma Group for the distribution of Leukine in areas outside the USA and Canada.
In January 2017, Jubilant Life Sciences Limited signed a long-term contract with distribution networks in the USA for the supply of products used for diagnostic and therapeutic products with Montreal Canada (JDI).
| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2029 |
| Historical Data Available for | 2014 to 2021 |
| Market Analysis | USD Million for Value |
| Key Regions Covered | North America; Latin America; Europe; South Asia and Pacific; East Asia; and Middle East & Africa |
| Key Countries Covered | USA, Canada, Brazil, Mexico, Argentina, Germany, United Kingdom, France, Italy, Spain, Benelux, Russia, China, Japan, South Korea, India, Thailand, Indonesia, Malaysia, Thailand, Indonesia, Australia and New Zealand, Egypt, Turkey, South Africa, North Africa, and GCC Countries |
| Key Segments Covered | Product, Indication, End User, Radiation and Region |
| Key Companies Profiled | Amgen; Partner Therapeutics, Inc.; Novartis AG; Mylan NV; Coherus BioSciences Inc.; Jubilant Life Sciences; Siegfried Holdings; Heyl Chemisch-pharmazeutische Fabrik GmbH & Co. KG; Recipharm AB; Mission Pharmacal Company |
| Report Coverage | Market Forecast, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The global radiation toxicity treatment market is worth US$ 3.55 Billion in 2021 and is set to expand 1.5X over the next 7 years.
The radiation toxicity treatment market is expected to reach US$ 5.58 Billion by the end of 2029, with sales revenue expected to grow at a 5.8% CAGR.
An increasing number of PET and SPECT scanners, continuous drug approvals for radiation toxicity treatment, and the increasing burden of cancer worldwide are the factors driving the demand outlook of the global radiation toxicity market.
North America currently holds the largest market share of 38.0% in 2021 in the radiation toxicity treatment market globally.
The USA, Japan, China, Germany, and India are the top 5 countries that are driving the demand for the radiation toxicity treatment market.
Amgen, Partner Therapeutics, Inc., Novartis AG, Mylan NV, Coherus BioSciences Inc, Jubilant Life Sciences, Siegfried Holdings, Heyl Chemisch-pharmazeutische Fabrik GmbH & Co. KG, Recipharm AB and Mission Pharmacal Company are the leading players in the market.
Japan’s market is expected to exhibit healthy growth of 6.9% CAGR during the forecast period.
The demand for radiation toxicity treatment is expected to register a growth rate of 4.7% during the forecast period in the European market.
1. Executive Summary | Radiation Toxicity Treatment Market
1.1. Global Market Outlook
1.2. Supply-side Trends
1.3. Demand-side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Dynamics
3.1. Macro-Economic Factors
3.2. Drivers
3.2.1. Supply Side Drivers
3.2.2. Demand Side Drivers
3.3. Restraints
3.4. Opportunities
4. Key Inclusion
4.1. FDA-Approved Drugs
4.2. Pipeline Assessment
4.3. Therapeutic Efficacy and Treatment Metrics
4.4. Predisposing Factors
5. Global Market Value Analysis 2014 to 2021 and Forecast, 2022 to 2029
5.1. Historical Market Value (US$ Million) Analysis, 2014 to 2021
5.2. Current and Future Market Value (US$ Million) Projections, 2022 to 2029
5.2.1. Y-o-Y Growth Trend Analysis
5.2.2. Absolute $ Opportunity Analysis
6. Global Market Analysis 2014 to 2021 and Forecast 2022 to 2029, by Product
6.1. Introduction / Key Findings
6.2. Historical Market Size (US$ Million) Analysis by Product, 2014 to 2021
6.3. Current and Future Market Size (US$ Million) Analysis and Forecast by Product, 2022 to 2029
6.3.1. Colony Stimulating Factors
6.3.2. Prussian Blue
6.3.3. Diethylenetriamine Pentaacetic Acid
6.3.4. Potassium Iodide
6.3.5. Others
6.4. Market Attractiveness Analysis by Product
7. Global Market Analysis 2014 to 2021 and Forecast 2022 to 2029, by Indication
7.1. Introduction / Key Findings
7.2. Historical Market Size (US$ Million) Analysis by Indication, 2014 to 2021
7.3. Current and Future Market Size (US$ Million) Analysis and Forecast by Indication, 2022 to 2029
7.3.1. Acute Radiation Syndrome (ARS)
7.3.1.1. Bone Marrow Syndrome (Hematopoietic)
7.3.1.2. Gastrointestinal Syndrome (GI)
7.3.1.3. Cardiovascular (CV)
7.3.1.4. Central Nervous System (CNS) Syndrome
7.3.2. Chronic Radiation Syndrome
7.4. Market Attractiveness Analysis by Indication
8. Global Market Analysis 2014 to 2021 and Forecast 2022 to 2029, by Radiation
8.1. Introduction / Key Findings
8.2. Historical Market Size (US$ Million) Analysis by Radiation, 2014 to 2021
8.3. Current and Future Market Size (US$ Million) Analysis and Forecast by Radiation, 2022 to 2029
8.3.1. Acute Radiation Syndrome (ARS)
8.3.1.1. Bone Marrow Syndrome (Hematopoietic)
8.3.1.2. Gastrointestinal Syndrome (GI)
8.3.1.3. Cardiovascular (CV)
8.3.1.4. Central Nervous System (CNS) Syndrome
8.3.2. Chronic Radiation Syndrome
8.4. Market Attractiveness Analysis by Radiation
9. Global Market Analysis 2014 to 2021 and Forecast 2022 to 2029, by End User
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Million) Analysis by End User, 2014 to 2021
9.3. Current and Future Market Size (US$ Million) Analysis and Forecast by End User, 2022 to 2029
9.3.1. Hospitals
9.3.1.1. Government Hospitals
9.3.1.2. Private Hospitals
9.3.2. Research & Academic Institutes
9.3.2.1. Government Research and Academic Institutes
9.3.2.2. Private Research and Academic Institutes
9.4. Market Attractiveness Analysis by End User
10. Global Market Analysis 2014 to 2021 and Forecast 2022 to 2029, by Region
10.1. Introduction
10.2. Historical Market Size (US$ Million) Analysis by Region, 2014 to 2021
10.3. Current Market Size (US$ Million) Analysis and Forecast by Region, 2022 to 2029
10.3.1. North America
10.3.2. Latin America
10.3.3. Europe
10.3.4. East Asia
10.3.5. South Asia
10.3.6. Oceania
10.3.7. Middle East & Africa
10.4. Market Attractiveness Analysis by Region
11. North America Market Analysis 2014 to 2021 and Forecast 2022 to 2029
11.1. Introduction
11.2. Historical Market Size (US$ Million) Trend Analysis by Market Taxonomy, 2014 to 2021
11.3. Market Size (US$ Million) Forecast By Market Taxonomy, 2022 to 2029
11.3.1. By Country
11.3.1.1. USA
11.3.1.2. Canada
11.3.2. By Product
11.3.3. By Indication
11.3.4. By Radiation
11.3.5. By End User
11.4. Market Attractiveness Analysis
11.5. Drivers and Restraints - Impact Analysis
12. Latin America Market Analysis 2014 to 2021 and Forecast 2022 to 2029
12.1. Introduction
12.2. Historical Market Size (US$ Million) Trend Analysis by Market Taxonomy, 2014 to 2021
12.3. Market Size (US$ Million) Forecast By Market Taxonomy, 2022 to 2029
12.3.1. By Country
12.3.1.1. Brazil
12.3.1.2. Mexico
12.3.1.3. Argentina
12.3.1.4. Rest of Latin America
12.3.2. By Product
12.3.3. By Indication
12.3.4. By End User
12.4. Market Attractiveness Analysis
12.5. Drivers and Restraints - Impact Analysis
13. Europe Market Analysis 2014 to 2021 and Forecast 2022 to 2029
13.1. Introduction
13.2. Historical Market Size (US$ Million) Trend Analysis by Market Taxonomy, 2014 to 2021
13.3. Market Size (US$ Million) Forecast By Market Taxonomy, 2022 to 2029
13.3.1. By Country
13.3.1.1. Germany
13.3.1.2. United Kingdom
13.3.1.3. France
13.3.1.4. Italy
13.3.1.5. Spain
13.3.1.6. Rest of Europe
13.3.2. By Product
13.3.3. By Indication
13.3.4. By Radiation
13.3.5. By End User
13.4. Market Attractiveness Analysis
13.5. Drivers and Restraints - Impact Analysis
14. East Asia Market Analysis 2014 to 2021 and Forecast 2022 to 2029
14.1. Introduction
14.2. Historical Market Size (US$ Million) Trend Analysis by Market Taxonomy, 2014 to 2021
14.3. Market Size (US$ Million) Forecast By Market Taxonomy, 2022 to 2029
14.3.1. By Country
14.3.1.1. China
14.3.1.2. Japan
14.3.1.3. South Korea
14.3.2. By Product
14.3.3. By Indication
14.3.4. By Radiation
14.3.5. By End User
14.4. Market Attractiveness Analysis
14.5. Drivers and Restraints - Impact Analysis
15. South Asia Market Analysis 2014 to 2021 and Forecast 2022 to 2029
15.1. Introduction
15.2. Historical Market Size (US$ Million) Trend Analysis by Market Taxonomy, 2014 to 2021
15.3. Market Size (US$ Million) Forecast By Market Taxonomy, 2022 to 2029
15.3.1. By Country
15.3.1.1. India
15.3.1.2. Indonesia
15.3.1.3. Thailand
15.3.1.4. Malaysia
15.3.1.5. Rest of South Asia
15.3.2. By Product
15.3.3. By Indication
15.3.4. By Radiation
15.3.5. By End User
15.4. Market Attractiveness Analysis
15.5. Drivers and Restraints - Impact Analysis
16. Oceania Market Analysis 2014 to 2021 and Forecast 2022 to 2029
16.1. Introduction
16.2. Historical Market Size (US$ Million) Trend Analysis by Market Taxonomy, 2014 to 2021
16.3. Market Size (US$ Million) Forecast By Market Taxonomy, 2022 to 2029
16.3.1. By Country
16.3.1.1. Australia
16.3.1.2. New Zealand
16.3.2. By Product
16.3.3. By Indication
16.3.4. By Radiation
16.3.5. By End User
16.4. Market Attractiveness Analysis
16.5. Drivers and Restraints - Impact Analysis
17. Middle East and Africa Market Analysis 2014 to 2021 and Forecast 2022 to 2029
17.1. Introduction
17.2. Historical Market Size (US$ Million) Trend Analysis by Market Taxonomy, 2014 to 2021
17.3. Market Size (US$ Million) Forecast By Market Taxonomy, 2022 to 2029
17.3.1. By Country
17.3.1.1. GCC Countries
17.3.1.2. South Africa
17.3.1.3. Turkey
17.3.1.4. Rest of Middle East and Africa(MEA)
17.3.2. By Product
17.3.3. By Indication
17.3.4. By Radiation
17.3.5. By End User
17.4. Market Attractiveness Analysis
17.5. Drivers and Restraints - Impact Analysis
18. Market Structure Analysis
18.1. Tier Structure Analysis
18.2. Market Concentration
18.3. Company Share Analysis
18.4. Company Footprint Analysis
19. Competition Analysis
19.1. Competition Dashboard
19.2. Competition Deep Dive
19.2.1. Amgen
19.2.1.1. Company Overview
19.2.1.2. Analyst Commentary
19.2.1.3. Product Overview
19.2.1.4. Financial Analysis
19.2.1.5. Key Developments
19.2.1.6. Strategy Overview
19.2.2. Partner Therapeutics, Inc.
19.2.2.1. Company Overview
19.2.2.2. Analyst Commentary
19.2.2.3. Product Overview
19.2.2.4. Financial Analysis
19.2.2.5. Key Developments
19.2.2.6. Strategy Overview
19.2.3. Novartis AG
19.2.3.1. Company Overview
19.2.3.2. Analyst Commentary
19.2.3.3. Product Overview
19.2.3.4. Financial Analysis
19.2.3.5. Key Developments
19.2.3.6. Strategy Overview
19.2.4. Mylan NV
19.2.4.1. Company Overview
19.2.4.2. Analyst Commentary
19.2.4.3. Product Overview
19.2.4.4. Financial Analysis
19.2.4.5. Key Developments
19.2.4.6. Strategy Overview
19.2.5. Coherus BioSciences Inc
19.2.5.1. Company Overview
19.2.5.2. Analyst Commentary
19.2.5.3. Product Overview
19.2.5.4. Financial Analysis
19.2.5.5. Key Developments
19.2.5.6. Strategy Overview
19.2.6. Jubilant Life Sciences
19.2.6.1. Company Overview
19.2.6.2. Analyst Commentary
19.2.6.3. Product Overview
19.2.6.4. Financial Analysis
19.2.6.5. Key Developments
19.2.6.6. Strategy Overview
19.2.7. Siegfried Holdings
19.2.7.1. Company Overview
19.2.7.2. Analyst Commentary
19.2.7.3. Product Overview
19.2.7.4. Financial Analysis
19.2.7.5. Key Developments
19.2.7.6. Strategy Overview
19.2.8. Heyl Chemisch-pharmazeutische Fabrik GmbH & Co. KG
19.2.8.1. Company Overview
19.2.8.2. Analyst Commentary
19.2.8.3. Product Overview
19.2.8.4. Financial Analysis
19.2.8.5. Key Developments
19.2.8.6. Strategy Overview
19.2.9. Recipharm AB
19.2.9.1. Company Overview
19.2.9.2. Analyst Commentary
19.2.9.3. Product Overview
19.2.9.4. Financial Analysis
19.2.9.5. Key Developments
19.2.9.6. Strategy Overview
19.2.10. Mission Pharmacal Company
19.2.10.1. Company Overview
19.2.10.2. Analyst Commentary
19.2.10.3. Product Overview
19.2.10.4. Financial Analysis
19.2.10.5. Key Developments
19.2.10.6. Strategy Overview
20. Assumptions and Acronyms Used
21. Research Methodology
Explore Healthcare Insights
View Reports
Radiation Toxicity Treatment Market
