Radiodermatitis Market to Rise at a CAGR of 3.3% during Forecast Period, observes TMR Study – GlobeNewswire

| Source: Transparency Market Research Transparency Market Research
Albany, New York, UNITED STATES
Wilmington, Delaware, United States, Sept. 08, 2022 (GLOBE NEWSWIRE) — Transparency Market Research Inc. According to insights on the radiodermatitis market, in 2018, the global radiodermatitis market was worth US$ 334.2 Mn. The global market is estimated to progress at a CAGR of 3.3% during the forecast period, from 2019 to 2027. The market value of the radiodermatitis is expected to reach valuation of US$ 506.3 Mn by 2027. The sales of radiodermatitis market is anticipated to be driven by an increasing cancer incidence throughout the world, innovative product offerings, industry-academia collaboration, but also growing access to health care.
By 2032, the WHO projects that there will be 22 million newly diagnosed cancer cases and that there will be 9.6 million cancer-related deaths. The International Agency for Research on Cancer (IARC) estimates that 18.1 million new instances of cancer are diagnosed worldwide each year. Additionally, it is anticipated that the incidence of several malignancies, including head and neck and breast cancer, would rise. This can be attributed to unhealthy lifestyle choices like smoking for neck and head cancers and obesity for breast cancer. Furthermore, radiation therapy is administered locally for these tumors. As a result, radiation-induced dermatitis is more likely to occur in individuals with certain malignancies.
The expansion of the radiodermatitis market is further attributed to greater emphasis on research to identify and achieve better-quality treatment options. Players have a great opportunity to put their novel product ideas on the road to commercial success since there aren’t many standard care products available on the market.
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