Radiation Proctitis Market Size to Accelerate at a Rapid Value US$ 740.5 Mn by 2020-2030

Radiation Proctitis Market: Introduction
Healthcare facilities such as the Hyperbaric Medical Solutions is taking extra preventive steps to mitigate the risks of the coronavirus pandemic to ensure all patients are offered clean and safe environments. Stakeholders in the radiation proctitis market are increasing efforts to boost the availability for hyperbaric oxygen therapy (HBOT), which is being associated with enhancing the immune system in the wake of the COVID-19 outbreak.
Companies in the radiation proctitis market are maintaining steady supply of intravenous (IV) vitamin drips, which help to strengthen the immunity of patients and help in detoxification. However, a slowdown in the global economy may have affected revenue collections in healthcare facilities. Hence, healthcare companies should adopt flexible business strategies, and team up with their stakeholders in the value chain to manage investments and product launches.

Report Overview: https://www.transparencymarketresearch.com/radiation-proctitis-market.html

Rise in Prevalence of Chronic Radiation Proctitis to Drive Global Market

It is estimated that over 40% patients face the issue of CRP. The extent and severity of CRP is determined with the help of endoscopy. Hence, increase in the number of patients with chronic radiation proctitis is anticipated to fuel the growth of the global market over the next few years.

Acute Radiation Proctitis Dominated Global Market

In terms of indication, the global radiation proctitis market has been bifurcated into acute radiation proctitis and chronic radiation proctitis. The acute radiation proctitis segment dominated the global radiation proctitis market in 2019 and the trend is projected to continue during the forecast period. Acute radiation proctitis occurs either during or up to six months after the completion of the radiation therapy. One in five patients with acute radiation proctitis could require temporary cessation of therapy until the symptoms resolve.

Request A Sample:
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=81551

Oral Therapy Most Preferred Treatment Procedure

Based on therapy, the global radiation proctitis market has been classified into oral therapy, ablative procedures, hyperbaric oxygen therapy, formalin, and surgery. The oral therapy segment held a major share of the global radiation proctitis market in 2019. Oral therapy, which is a non-invasive treatment for radiation proctitis, is considered the most successful treatment procedure.

This contributes to the growth of the segment. The therapy consists of oral anti-inflammatory drugs, sucralfate, short-chain fatty acids (SCFA), and antioxidants. Hyperbaric oxygen therapy (HBO) is a pathological process of ischemia involving the compromise of blood flow to the rectal wall. The benefit of HBO is theoretically achieved through the decrease of tissue hypoxia, and its angiogenic and antibacterial effects.

Hyperbaric oxygen therapy is expected to be the fastest growing segment of the global radiation proctitis market over the next few years. Formalin is considered a safe and effective way to treat radiation proctitis resulting in significant bleeding, which is the reason for the rise in adoption of this method. Formalin scleroses and seals fragile neovasculature in radiation damaged tissues to prevent further bleeding through chemical cauterization. The formalin segment is expected to expand at a CAGR of 7.1% during the forecast period.

Enquiry Before Buying: https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=81551

North America to Capture Major Share of Global Market; Asia Pacific to Offer Significant Opportunities

In terms of region, the global radiation proctitis market has been segmented into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. North America is projected to account for a leading share of the global radiation proctitis market during the forecast period. According to the American Cancer Society, other than skin cancer, prostate cancer is the most common cancer among men in the U.S., which is usually treated with radiation therapy.

The market in Europe is expected to expand at a high CAGR in the near future, owing to the presence of local as well as well-established players and an increase in demand for radiation therapies for cancer treatment. The radiation proctitis market in Asia Pacific is likely to grow at a rapid pace in the near future. Large population in India and China makes these countries lucrative markets for radiation proctitis treatment. Presence of large geriatric patient population with urinary disorders and increase in usage of radiation for treatment in these countries are projected to propel the market in Asia Pacific in the near future.

Request for covid19 Impact Analysis:
https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=81551

Growth Strategies of Key Players

Key players operating in the global radiation proctitis market are Allergan plc, Teva Pharmaceutical Industries Ltd., Amneal Pharmaceuticals, Inc., Pfizer, Inc., Mylan, Inc., (Viatris), Sanofi, Johnson & Johnson (Johnson & Johnson Consumer, Inc.), Sun Pharmaceutical Industries Ltd., Environmental Tectonics Corporation, and Sechrist Industries, Inc. In December 2016, Sun Pharmaceutical Industries Ltd. inked a pact with Switzerland-based Novartis AG to acquire the latter's branded cancer drug, Odomzo, for an upfront cost of US$ 175 Mn. According to the terms of the agreement, Sun Pharma obtained global marketing rights for the product and Novartis received certain additional milestone payments.

More Trending Reports by Transparency Market Research:

https://www.prnewswire.com/news-releases/intraocular-lens-market-to-expand-owing-to-rise-in-diabetic-population-states-tmr-study-301487553.html

https://www.prnewswire.com/news-releases/animal-healthcare-market-to-gain-valuation-of-us-63-2-bn-by-2028--notes-tmr-study-301476697.html

Contact

Transparency Market Research,
90 Sate Street, Suite 700,
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com/

About Us

Transparency Market Research is a global market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

This release was published on openPR.