Superficial Radiation Therapy System Market Competitive Research and Precise Outlook 2019 to 2027

Wilmington, Delaware, United States, Transparency Market Research Inc. Despite the relevance of radiation therapy, medical scientists have continually contested its effectiveness against invasive procedures. Moreover, the high costs associated with the use of superficial radiation therapy systems is also a matter of discussion across medical circles. Therefore, market vendors are required to devise a staggering business strategy that cuts through the barriers to market growth. The safety and effectiveness of superficial radiation therapy systems in treating malignant non-melanoma skin cancer shall continue to aid market growth.

A syndicate report on the global superficial radiation therapy system market is a key representation of the forces that have aided market growth. The report, added by Transparency Market Research (TMR), segments the market on the basis of the following parameters: end-use and region. The demand for superficial radiation therapy system for treating non-melanoma cancer has increased by leaps and bounds.

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Global Superficial Radiation Therapy System Market: Notable Developments

The rising incidence of various types of cancers has haunted the medical fraternity. Some of the key development pertaining to the global superficial radiation therapy system market are:

Sensus Healthcare is a key provider of cutting-edge technologies and devices for improved testing, treatment, and diagnosis. The use of SRT-100™ system developed by Sensus helps in safe and resilient discharge of radiation. Furthermore, the system helps in precise and accurate penetration of radiation, up to 5 mm underneath the skin surface. Development of Sensus Healthcare SRT-100™ system has aided the growth of the overall market.

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OraSure Technologies Inc. is making rapid strides of development across the global superficial radiation therapy system market. The financial results of OraSure Technologies Inc. reveal the company’s success story over the past decade. The development of a robust and effective framework for product development has helped the company achieve new milestones in recent times.

Two of the leading players operating in the global superficial radiation therapy system market are:

  • Xstrahl Limited
  • Nephros

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Global Superficial Radiation Therapy System Market: Growth Drivers

Need for Non-Invasive Treatment Lines

Non-invasive procedures for managing and treating non-melanoma skin cancer has generated tremendous opportunities for growth within the global market. Medical practitioners concur with the precision and accuracy of radiation therapy, and this is a key consideration from the standpoint of market growth.

Superficial radiation therapy systems are tested and approved by state-level authorities responsible for medical safety and analysis. The next decade could be a lucrative phase for the vendors within the global superficial radiation therapy system market. Invasive treatments add to the suffering and trauma of cancer patients. Therefore, development of effective radiation therapy is a panacea of advancement within the field of oncology. The market vendors in the global superficial radiation therapy market are in for new opportunities.

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Cost of Employing Radiation Therapy

Despite the relevance of radiation therapy, medical scientists have continually contested its effectiveness against invasive procedures. Moreover, the high costs associated with the use of superficial radiation therapy systems is also a matter of discussion across medical circles. Therefore, market vendors are required to devise a staggering business strategy that cuts through the barriers to market growth. The safety and effectiveness of superficial radiation therapy systems in treating malignant non-melanoma skin cancer shall continue to aid market growth.

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OTC is one of six enzymes that play a role in breakdown and removal of nitrogen in the body, a process known as the urea cycle

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OTC deficiency is a genetic disorder characterized by a complete or partial lack of the enzyme ornithine transcarbamylase (OTC). It is an abnormal gene on the X chromosome and manifests mostly in males.

Both males and females may develop symptoms of OTC deficiency during childhood. Females who have a defective gene present on one of their X chromosomes are carriers for the disorder.

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Ornithine Transcarbamylase (OTC) Deficiency Treatment Market: Drivers

  • Rising prevalence of OTC deficiency and development of new therapies for the treatment of OTC deficiency are major factors boosting the global ornithine transcarbamylase (OTC) deficiency treatment market
  • For instance, according to Orphanet, the estimated prevalence of ornithine transcarbamylase deficiency ranges between 1/56,500 and 1/113,000 live births across the world
  • Favorable reimbursement scenario and patient assistance programs provided by various international as well as regional organizations are also major drivers of the global Ornithine Transcarbamylase (OTC) deficiency treatment market
  • Patient compliance is affected due to bitter taste and foul odor of products. Hence, research and development is being carried out to develop new formulations of this drug in order to overcome such serious issues.
  • Consequently, formulation modification for better patient compliance also propels the global ornithine transcarbamylase (OTC) deficiency treatment market

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Market Segmentation: Ornithine Transcarbamylase (OTC) Deficiency Treatment Market

  • In terms of product, the global ornithine transcarbamylase (OTC) deficiency treatment market has been divided into Buphenyl, Ravicti, Ammonul, dietary supplements, and others
  • Based on route of administration, the global ornithine transcarbamylase (OTC) deficiency treatment market has been bifurcated into oral and intravenous
  • In terms of distribution channel, the global ornithine transcarbamylase (OTC) deficiency treatment market has been segmented into hospital pharmacies, retail pharmacies, and online pharmacies
  • Each of the ornithine transcarbamylase (OTC) deficiency treatment market segments has been analyzed in detail for market trends, recent trends and developments, drivers, restraints, opportunities, and useful insights
  • The ornithine transcarbamylase (OTC) deficiency treatment market report provides current and future revenues (US$ Mn) for each of the segments for the period from 2018 to 2030, considering 2019 as the base year. The compound annual growth rate (% CAGR) has been provided for each segment and market from 2020 to 2030 along with market size estimations.

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Regional Overview: Ornithine Transcarbamylase (OTC) Deficiency Treatment Market

  • In terms of region, the global ornithine transcarbamylase (OTC) deficiency treatment market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The regions have been divided into major countries and sub-regions.
  • North America dominated the global ornithine transcarbamylase (OTC) deficiency treatment market in 2019, and the trend is projected to continue during the forecast period
  • The current and future sizes of the ornithine transcarbamylase (OTC) deficiency treatment market, in terms of value (US$ Mn), of regional markets and their major countries have been provided in the report for the period from 2018 to 2030, along with their CAGRs for the period from 2020 to 2030
  • The study also offers a list of recommendations, highlights, and useful insights of the market, which would help new companies willing to enter the market and existing companies to increase market shares and help in the decision-making process

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Major Players

The ornithine transcarbamylase (OTC) deficiency treatment market report concludes with the company profiles section that includes key information about the major players in the market

Key players analyzed in the ornithine transcarbamylase (OTC) deficiency treatment market report are -

  • Abbott
  • Nutricia (Danone Group)
  • Mead Johnson (Reckitt Benckiser)
  • Horizon Therapeutics plc
  • Nestlé
  • Bausch Health Companies, Inc.
  • Ultragenyx Pharmaceutical Inc.
  • Arcturus Therapeutics, Inc.
  • Acer Therapeutics

Each of these players has been profiled in the global ornithine transcarbamylase (OTC) deficiency treatment market report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments.

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About Us

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & 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.

For More Research Insights on Leading Industries, Visit Our YouTube Channel and hit subscribe for Future Update - https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ

Contact

Rohit Bhisey
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453

Website: https://www.transparencymarketresearch.com

Blog: https://tmrblog.com

Email: sales@transparencymarketresearch.com

 

 

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