Anti Radiation Drugs Market Growth Accelerated By Increased Usage Of Electronic Devices

https://www.coherentmarketinsights.com/industry-reports/anti-radiation-drugs-market
Anti Radiation Drugs Market


Anti radiation drugs are prescribed medications used to protect the body from harmful effects of radiation exposure. These drugs assist in protecting radiation sensitive tissues and organs like bone marrow, gastrointestinal tract etc. from DNA damage caused by ionizing radiation. With increasing usage of electronic devices like computers, cell phones and other wireless devices which emit low level radiation, the risk of associated health issues has also risen. This has boosted the demand for anti radiation drugs for prevention.

The global Anti Radiation Drugs Market is estimated to be valued at US$ 676.69 Bn  in 2024 and is expected to exhibit a CAGR of 26 % over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
The market trend of increased usage of electronic devices has been a major driver of growth in the anti radiation drugs market. As people on average spend hours daily usage of smartphones, computers and wireless networks for communication, entertainment and work, the associated prolonged exposure to low level electromagnetic radiation has raised concerns about health risks. Several researches have linked radiation from electronic gadgets to increased risks of cancers, neurological disorders, fertility issues etc. This has boosted consumer demand for anti radiation drugs for protection against such health hazards. With further rise in addiction to electronic devices worldwide expected, the consumption of anti radiation medications is anticipated to surge tremendously over the forecast period.
Segment Analysis
The global anti radiation drugs market is segmented based on therapeutics, indication, drugs, and distribution channel. The therapeutics segment is further segmented into preventive antirad medication and curative antirad medication. The preventive antirad medication sub segment dominates the segment owing to the increasing adoption of anti radiation drugs as a preventive measure to minimize the risks of long term adverse effects caused by radiation exposure.

Key Takeaways
The global anti Anti Radiation Drugs Market Demand  is expected to witness high growth during the forecast period of 2024 to 2031.

Regional analysis: North America region currently dominates the market holding the largest market share. This is attributed to factors such as rising government funding for research in radiation protection drugs and presence of key players in the region. The Asia Pacific region is expected to grow at the fastest rate during the forecast period owing to increased awareness regarding radiation protection coupled with growing healthcare expenditure in emerging economies of China and India.

Key players operating in the anti radiation drugs market are Google LLC. (the U.S.), Microsoft Corporation (U.S.), DAQRI (U.S.), Mindmaze (Switzerland), Wikitude GmbH (Austria), Medical Realities (U.K.), Atheer (U.S.), Augmedix (U.S.), Oculus V.R. (U.S.), CAE Healthcare (U.S.), and Others. Google LLC. dominates the market owing to its robust portfolio of AR and VR products and services.

Explore more related article on this topic: https://www.pressreleasebulletin.com/anti-radiation-drugs-market-is-driven-by-increasing-incidences-of-cancer/

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