PUBLISHER: The Business Research Company | PRODUCT CODE: 1717294
PUBLISHER: The Business Research Company | PRODUCT CODE: 1717294
Radiation toxicity treatment involves medical strategies aimed at alleviating and reducing the harmful effects of excessive radiation exposure. These treatments focus on managing symptoms such as fatigue, nausea, and skin damage, as well as more severe issues such as organ or bone marrow damage, with the goal of supporting recovery and minimizing long-term health risks.
Key products in the radiation toxicity treatment market include colony stimulating factors, potassium iodide, prussian blue, diethylenetriamine pentaacetic acid, and others. Colony stimulating factors are biological agents that stimulate the production of blood cells by activating bone marrow. These substances play a vital role in restoring blood cell levels in conditions that cause low blood counts, such as during medical treatments. They are used to treat conditions such as acute and chronic radiation syndrome, addressing both ionizing and non-ionizing radiation types. These products are utilized in hospitals, as well as research and academic institutions.
The radiation toxicity treatment market research report is one of a series of new reports from The Business Research Company that provides radiation toxicity treatment market statistics, including the radiation toxicity treatment industry's global market size, regional shares, competitors with a radiation toxicity treatment market share, detailed radiation toxicity treatment market segments, market trends and opportunities, and any further data you may need to thrive in the radiation toxicity treatment industry. This radiation toxicity treatment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
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 during the historical period can be attributed to the increasing global prevalence of cancer, a rising demand for radiotherapy as a treatment option, the expansion of healthcare infrastructure and facilities, a higher incidence of radiation exposure, and an increased 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 expected growth in the forecast period is driven by the rise of personalized medicine approaches, a greater emphasis on preventive healthcare, a growing demand for outpatient care services, increased global awareness campaigns about radiation safety, and more government initiatives aimed at improving access to cancer care. Key trends in the forecast period include the integration of artificial intelligence in treatment planning, advancements in image-guided radiation therapy, the development of stereotactic body radiation therapy, innovations in nanoparticle drug delivery systems, and the use of 3D printing for customized treatment solutions.
The rising incidence of cancer is expected to drive the growth of the radiation toxicity treatment market. Cancer refers to a group of diseases marked by the uncontrolled growth and spread of abnormal cells that can invade nearby tissues and metastasize to other parts of the body. Factors such as lifestyle changes, environmental pollution, genetic predisposition, and advancements in diagnostic technologies, which enable earlier detection, contribute to the increasing cancer rates. Radiation toxicity treatment plays a crucial role in managing the side effects of radiation therapy, aiding patient recovery, and reducing long-term harm. For example, a report from Macmillan Cancer Support in August 2024 revealed that over 3 million people in the UK are living with cancer, a number expected to rise to 3.5 million by 2025, 4 million by 2030, and 5.3 million by 2040. As such, the growing cancer prevalence is fueling the expansion of the radiation toxicity treatment market.
Companies in the radiation toxicity treatment market are focusing on innovations, particularly in advanced drug delivery systems, to enhance the precision and effectiveness of treatments. These systems aim to improve patient compliance, minimize side effects, and ultimately lead to better outcomes and quicker recovery. A drug delivery system ensures that medication reaches targeted areas of the body in the right dosage, enhancing efficacy while limiting unwanted effects. For instance, in December 2023, Coherus BioSciences, a US-based biopharmaceutical firm, announced the U.S. FDA's approval of UDENYCA ONBODY, a new on-body injector for pegfilgrastim-cbqv. This device is used the day after chemotherapy to reduce the risk of infection from febrile neutropenia. The injector delivers the medication in five minutes and includes a retractable needle for greater safety and comfort. With this approval, Coherus aims to provide a more convenient and user-friendly solution for managing chemotherapy side effects.
In June 2024, AstraZeneca Plc, a UK-based pharmaceutical company, acquired Fusion Pharmaceuticals Inc. for $2.5 billion. This acquisition aims to strengthen AstraZeneca's oncology portfolio with advanced radiopharmaceuticals such as FPI-2265, enhance its research and development and manufacturing capabilities, and accelerate the transition toward targeted cancer therapies. It also deepens the company's presence in Canada. Fusion Pharmaceuticals, based in Canada, specializes in developing next-generation radiopharmaceuticals as precision treatments for oncology.
Major players 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., and Clarity Pharmaceuticals Ltd.
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 radiation toxicity treatment report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the radiation toxicity treatment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The radiation toxicity treatment market includes revenues earned by entities by providing services such as blood transfusions, chelation therapy, skin care and burn management, cancer screening, pain management, and bone marrow protection. The market value includes the value of related goods sold by the service provider or included within the service offering. The radiation toxicity treatment market consists of sales of radiation detection and survey devices, personal dosimeters, linear accelerators (LINACs), and neutron capture therapy systems. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values and are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Radiation Toxicity Treatment Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on radiation toxicity treatment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for radiation toxicity treatment ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The radiation toxicity treatment market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.