Radiodermatitis Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2030

Published Date : May 2021 | No. of Pages : 250 Pages | Category : Healthcare

The global Radiodermatitis market size is expected to be worth around US$ 542.1 million by 2030, according to a new report by Vision Research Reports.

The global Radiodermatitis market size was valued at US$ 410.9 million in 2020 and is anticipated to grow at a CAGR of 14.0 % during forecast period 2021 to 2030.

Growth Factors

 The global radiodermatitis market is expected to grow at an unprecedented rate owing to the growing prevalence of cancer patients undergoing radiation therapy. The demand for radiodermatitis treatment is also accentuated by the unmet medical needs of consumers in emerging as well as developed regions. Increasing the focus of government healthcare organizations for promoting awareness about available treatment products for radiodermatitis predicted to present the market with high potential growth opportunities.

In addition, increasing R&D activities in the area of life sciences is presumed to be one of the significant factors contributing to the growth of this market. For instance, in December 2016, Mölnlycke Health Care AB entered into a licensing agreement with a Texas-based R&D company Rochal Industries. This agreement was carried out to reinforce its position as a prevention solutions firm. In addition, they have signed a joint agreement to enhance their R&D capabilities and commercialize new patented technological platforms. Other factors such as the escalating number of product launches with respect to radiodermatitis treatment and increasing demand for these products are expected to boost the overall market growth.

Report Highlights

the topical product segment captured the largest share of over 70.0%. The substantial share is presumed to be a consequence of the benefits associated with topical products. These benefits include easy application, availability, and high cost-efficiency, which are predicted to be some of the major factors fueling the adoption of these products over the previous years.

Moreover, topical products reduce the risk of microbial transmission and shield the skin against abrasive materials. Corticosteroids, hydrophilic creams, and topical antibiotics are some of the major products under this segment. Corticosteroids accounted for the largest share amongst topical agents as a consequence of being considered as a gold standard in the treatment of inflammatory skin conditions, thereby encouraging their adoption for the treatment of radiodermatitis.

Dressings are anticipated to attain a moderate growth rate over the coming years owing to the presence of a wide array of products in the market. These products include foam-based, hydrogel & hydrocolloid, silicone-coated, silver-leaf dressings, and others. Dressings have been found to be sufficient for effective treatment of various grades of radiation burns, which is anticipated to fuel their adoption over the coming years.

Hydrogel & hydrocolloid dressings are increasingly being used in the treatment of radiation burns owing to benefits associated with it. These benefits include a high degree of protection against infection & bacterial growth, expedited healing, and minimal pain. In addition, the availability of a wide array of these products, which cater to different requirements of patients, is expected to broaden the future growth prospects for this segment.

Retail pharmacy held the largest share in the distribution channel segment in 2020. The substantial share can be attributed to the high accessibility and affordability associated with retail stores. Affordability is a result of drug cost reimbursement that urges patients to rely on retail pharmacies, thus accentuating market growth potential.

Online pharmacies are anticipated to witness exponential growth rate throughout the forecast period due to various advantages such as increased convenience for patients who’re unwilling to purchase medicines from retail or hospital pharmacies.

Moreover, the high prevalence of chronic diseases has led to a gap in the demand and supply of drugs of high importance. These factors accentuate the demand for online pharmacies throughout the forecast period.

With the help of online pharmacies, order procurement and tracking by the customer becomes convenient. In addition, associated supply chain management (SCM) eliminates some of the market intermediaries, which reduces the overall drug price, hence driving the inclination of the customers toward online medicine purchases.

Asia Pacific captured a dominant share of the market. The expanding cancer patient base present across this region serves as a key contributor toward substantial share captured by this region. In addition, extensive collaborations undertaken by key players for increasing their product portfolio expansion capabilities are responsible for the greater share captured by this region.

Moreover, established pharmaceutical companies in this region are extensively involved in the commercialization of their products and the promotion of their usage amongst the end users. Favorable government initiatives that support research activities and an increase in outsourcing by developed economies serve as key growth impelling factors for this region.
Key Players

Crown Bioscience; Charles River Laboratory; ICON Plc.; Eurofins Scientific; Taconic Biosciences; Covance; EVOTEC; The Jackson Laboratory; Wuxi AppTec. Other players operating in this space are MI Bioresearch, Inc.; Living Tumor Laboratory; Champion Oncology, Inc.; Xentech

Market Segmentation

  • Product Outlook 

    • Topical

      • Corticosteroids

      • Hydrophilic creams

      • Antibiotics

      • Others

    • Oral

    • Dressings

      • Hydrogel & hydrocolloid dressings

      • No sting barrier film

      • Honey impregnated gauze

      • Silicone coated dressings

      • Others

  • Distribution Channel Outlook 

    • Hospital Pharmacy

    • Retail Pharmacy

    • Online

  • Regional Outlook 

    • North America

      • The U.S.

      • Canada

    • Europe

      • The U.K.

      • Germany

    • Asia Pacific

      • Japan

      • China

      • India

    • Latin America

      • Mexico

      • Brazil

    • The Middle East & Africa

      • South Africa

The Radiodermatitis market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Radiodermatitis market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Radiodermatitis market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Radiodermatitis market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Radiodermatitis market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Radiodermatitis capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Radiodermatitis by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Radiodermatitis market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Radiodermatitis market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Radiodermatitis market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Radiodermatitis industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Radiodermatitis market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Radiodermatitis market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Radiodermatitis market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Radiodermatitis market. These factors have benefited the growth of the global market for Radiodermatitis. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Radiodermatitis. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Radiodermatitis are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2021
  • Forecast Year 2021 to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market

To strategically profile the key players and comprehensively analyze their growth strategies.

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