According to a new market research analysis published by Future Market Insights, the global radiotherapy induced oral mucositis treatment market is expected to rise at a compound annual growth rate (CAGR) of 5% between 2023 and 2033, reaching a market value of US$ 4.89 billion by that year.
Radiotherapy-induced oral mucositis is a painful and debilitating side effect of radiotherapy treatment for cancer patients. It is estimated that approximately 40% to 100% of patients who undergo radiotherapy for head and neck cancer will develop Radiotherapy Induced Oral Mucositis. This condition can significantly impact patients’ quality of life, causing pain, difficulty eating, and increased risk of infection. However, there are several treatments available for Radiotherapy Induced Oral Mucositis, including drugs, mouthwashes, gels, and other therapies.
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The global Radiotherapy Induced Oral Mucositis Treatment Market is expected to grow significantly from 2018 to 2022, with a continued upward trajectory in demand from 2023 to 2033. One of the key drivers of the Radiotherapy Induced Oral Mucositis treatment market is the increasing incidence of cancer.
According to the World Health Organization (WHO), cancer is the second leading cause of death globally, with an estimated 9.6 million deaths in 2018. As the incidence of cancer continues to rise, the number of patients undergoing radiotherapy is also increasing, leading to a higher prevalence of Radiotherapy Induced Oral Mucositis.
Another factor driving the growth of the Radiotherapy Induced Oral Mucositis treatment market is the increasing awareness of Radiotherapy Induced Oral Mucositis among healthcare providers and patients. Radiotherapy Induced Oral Mucositis is a well-known side effect of radiotherapy, and healthcare providers are increasingly taking steps to prevent and manage this condition in their patients. Additionally, patients are becoming more informed about Radiotherapy Induced Oral Mucositis and are seeking out effective treatments to manage their symptoms.
Key Takeaways:
- From 2018 to 2022, the Radiotherapy Induced Oral Mucositis Treatment market grew at a CAGR of 3.5%.
- The global Radiotherapy Induced Oral Mucositis Treatment market is expected to grow with a 5% CAGR during 2023 to 2033.
- As of 2033, the Radiotherapy Induced Oral Mucositis Treatment Market is expected to reach US$ 4.89 Billion.
- According to the FMI analysis, the hospital pharmacies segment accounts for the largest market share.
- North America is expected to possess 40% market share for the Radiotherapy Induced Oral Mucositis Treatment market.
- The East & South Asia market is predicted to increase significantly throughout the forecast period, with a share of 20% during the forecast period.
“A series of international level collaborations involving healthcare stakeholders across various institutional settings are fueling further clinical trials and research studies dedicated to discovering Radiotherapy Induced Oral Mucositis Treatment.” says an FMI analyst
Mucositis Relief for Radiotherapy Patients is a common side effect of radiation therapy in cancer patients. It is an inflammation of the mucous membranes lining the mouth and throat, which can cause pain, discomfort, and difficulty swallowing.
Market Competition
- Galera Therapeutics announced that the FDA has accepted and granted priority review to a new drug application for avasopasem manganese (GC4419) for patients suffering from radiotherapy-induced severe oral mucositis caused by head and neck cancer. The Prescription Drug User Fee Act date for avasopasem has been set for August 9, 2023. If approved, avasopasem will be the first drug approved by the FDA for reducing radiotherapy-induced severe oral mucositis in patients with head and neck cancer.
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Key Companies :
- Izun Pharmaceuticals
- Soleva Pharma
- Aurora Bioscience
- INNOVATION Pharma
- Camurus AB, Monopar Therapeutics
- Prothex Inc.
- Access Pharmaceutical Inc.
- Swedish Orphan Biovitrum
- NeoMedLight
Key Segments:
Drug Class:
- Antibiotics
- Antifungal
- Anti-Inflammatory
- Anti-Neoplastic
Distribution Channel:
- Hospital Pharmacy
- Retail Pharmacy
- Online Pharmacy
End User:
- Hospitals
- Oncology Centres
- Research Institutes
- Dental Clinics
Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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