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Posted by Lovina Lindy on August 14, 2024 at 10:13pm 0 Comments 0 Likes
Global Radiotherapy Market Size, Share, Growth, Industry Trends and Forecast 2020-2030
Radiotherapy is a branch of medicine that deals with treatment of cancer which uses high energy beams to kill cancer cells and shrink tumours. It can also be used in combination with surgery, chemotherapy or immunotherapy. Radiotherapy can be used at three levels of cancer treatment including primary cancer treatment, adjuvant therapy after chemotherapy or surgery, and as palliative therapy to shrink the size of tumours and to suppress the symptoms. As of 2015, the cancer death rate had fallen 26% from its peak in 2009.This decline shows death rate reduction to nearly 2.4 million deaths during this period. Furthermore, according to the research study more than 16.9 million Americans diagnosed with cancer were alive in 2019, and this number is expected to reach more than 22.1 million by 2026. Global radiotherapy market accounted 6077.8 USD million in 2020 and is expected to reach 11091.6 USD million by 2030 growing with a CAGR of 6.2% during the forecast period.
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Market Dynamics and Factors:
Technological advancements such as IMRT (intensity modulated radiotherapy), gamaknife, tomotherapy integrated with radiotherapy has positively influenced the market growth. Furthermore, innovation of 3D CRT, has opened effective treatment option with minimal adverse effect in treatment of cancer. Due to rise in number of cancer patients, increase in geriatric population, rise in government initiatives for the adoption of radiotherapy device, are some of the major factors driving the market growth. Moreover, introducing the treatment of cervical and primary peritoneal in gynaecological cancer surgeries, branchy therapy, and cyber knife also helps to expand the market growth. In addition to this, pep test in gynaecology and cyber knife examination in robotic surgeries are contributing as future opportunities for market growth during the forecast period. However lack of trained manpower, cost of equipment are hindering the growth of market.
Market Segmentation :
Global Radiotherapy Market – By Product
External Beam Radiation Therapy
Internal Radiation Therapy/Brachy Therapy
Systemic Radiation Therapy
Global Radiotherapy Market – By Technology
Image Guide Radiotherapy (IGRT)
Intensity Modulated Radiotherapy (IMRT)
Proton Beam Therapy
3D Conformal Radiotherapy (3D CRT)
Others
Global Radiotherapy Market – By Application
Breast Cancer
Lung Cancer
Colorec Tal Cancer
Cervical
Others
Global Radiotherapy Market – By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
France
Germany
Italy
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia Pacific
ROW
Latin America
Middle East
Africa
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Geographic Analysis:
North America is dominating the market, due to increased number of cancer cases and technological advancement in radiotherapy like cyber knife, 3D-CRT, IMRT and among others. Additionally, presence of major companies like GE Healthcare, Varian Medical Systems. Inc., and Covic will impact the market growth. Asia-pacific is expected to emerge as the fastest growing region in terms of market share due to increase in cases of cancer along with geriatric population, and by improving healthcare infrastructure and services in rural area
Competitive Scenario:
Some of the key players of market are GE Healthcare, Siemens Ag, Varian Medical System, Inc. Nordion, Covic, Isoray Medical Inc. Elekta AB. Ion Beam application, Lanon Medical Systems Corporation, Mevion medical System, Inc.
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How will this Market Intelligence Report Benefit You?
The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.
Exclusive insight into the key trends affecting the Global Radiotherapy industry, although key threats, opportunities and disruptive technologies that could shape the Global Radiotherapy Market supply and demand.
The report tracks the leading market players that will shape and impact the Global Radiotherapy Market most.
The data analysis present in the Global Radiotherapy Market report is based on the combination of both primary and secondary resources.
The report helps you to understand the real effects of key market drivers or retainers on Global Radiotherapy Market business.
The 2021 Annual Global Radiotherapy Market offers:
100+ charts exploring and analysing the Global Radiotherapy Market from critical angles including retail forecasts, consumer demand, production and more
15+ profiles of top producing states, with highlights of market conditions and retail trends
Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand
Benchmark wholesale prices, market position, plus prices for raw materials involved in Global Radiotherapy Market type
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Decision Foresight is a market research organization known for its reliable and genuine content, market estimation and the best analysis which is designed to deliver state-of-the-art quality syndicate reports to our customers. Apart from syndicate reports, you will find the best market insights, strategies that will help in taking better business decisions on subjects that may require you to develop and grow your business-like health, science, technology and many more. At Decision Foresight, we truly believe in disseminating the right piece of knowledge to a large section of the audience and cover the in-depth insights of market leaders across various verticals and horizontals.
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