Radiation Therapy Market Overview with Demographic Data and Industry Growth Trends by 2027: Hitachi, Mevion Medical Systems, BD, IBA Worldwide

Press Release

The “Worldwide Radiation Therapy Market Analysis to 2027″ is a specialized and in-depth study of the medical device industry with a particular focus on the global market trend analysis. The report aims to provide an overview of global market with detailed market segmentation by product, technology, application, end user and geography. The global radiation therapy market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Radiation therapy market players and offers key trends and opportunities in the market.

Radiation therapy is a cancer treatment that deploys beams of intense energy to eradicate cancer cells. Radiation therapy most often uses X-rays, but protons or other types of radiation energy can also be used. During external beam radiation therapy type of radiation, the high-energy beams from machine externally aims at a precise point on body. In Internal radiation therapy treatment also called as brachytherapy, oncologists implants the radioactive materials at the site.

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Radiation Therapy Market

Radiation Therapy Market

North America held the dominant share in radiation therapy market in 2017. The major share is attributed to sophisticated healthcare infrastructure, high healthcare expenditure, and robust research and development (R&D) activities, and growing demand for technologically advanced products. These factors are boosting growth of radiation therapy in this region.

Companies Profiled in this study includes, Hitachi, Ltd.; Nordion (Canada) Inc., Mevion Medical Systems., Isoray Inc., BD, IBA Worldwide, Accuray Incorporated, Elekta AB, Varian Medical Systems, Inc., and Panacea Medical Technologies Pvt. Ltd. among others.

Answers that the report acknowledges:

  • Market size and growth rate during forecast period.
  • Key factors driving the “RADIATION THERAPY” market.
  • Key market trends cracking up the growth of the “RADIATION THERAPY” market.
  • Challenges to market growth.
  • Key vendors of “RADIATION THERAPY” market.
  • Detailed SWOT analysis.
  • Opportunities and threats faces by the existing vendors in Global “RADIATION THERAPY” market.
  • Trending factors influencing the market in the geographical regions.
  • Strategic initiatives focusing the leading vendors.
  • PEST analysis of the market in the five major regions.

The report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America.

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 An exclusive Radiation Therapy market research report created through broad primary research (inputs from industry experts, companies and stakeholders) and secondary research, the report aims to present the analysis of Global Radiation Therapy Market By Type, By Application, By Region – North America, Europe, South America, Asia-Pacific, Middle East and Africa. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global Radiation Therapy market. Additionally, the report also highlights market entry strategies for various companies across the globe.

MARKET SEGMENTATION:

The global radiation therapy market is segmented on the basis of product, technology, application, and end user.

Based on product, the market is segmented into external beam radiotherapy, internal beam radiotherapy/brachytherapy, and systemic radiotherapy. External beam radiotherapy is further segmented into linear accelerators, particle therapy systems, and conventional cobalt-60 teletherapy. Internal beam radiotherapy/brachytherapy segment comprises of seeds, applicators, afterloaders, and electronic brachytherapy products. Systemic radiotherapy is further classified into iobenguane (I-131), samarium-153, rhenium-186 and others.

The technology segment consists of image-guided radiotherapy (IGRT), intensity modulated radiotherapy (IMRT), stereotactic technology, proton beam therapy, 3D conformal radiotherapy (3D CRT), volumetric modulated arc therapy (VMAT) and others.

The application market by radiation therapy is categorized into prostate cancer, breast cancer, lung cancer, head and neck cancer, colorectal cancer and other cancers.

Based on end user, the radiation therapy market is classified into hospitals and independent radiotherapy centers.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Radiation Therapy market based on product and application. It also provides market size and forecast till 2027 for overall Radiation Therapy market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM), which is later sub-segmented by respective countries and segments. The report evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend and provides exhaustive PEST analysis for all five regions.

Growing prevalence of cancer is the key factors owing to substantial growth of the market for radiation therapy market. Also, technological advancements for cancer treatment, increased adoption of radiation therapy primary cancer treatment and less postoperative complications poses several opportunities for the radiation therapy market to grow. However, high cost of the treatment is likely to restrain the global radiation therapy market over the forecast period.

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Reason to Buy

– Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Radiation Therapy Market.

– Highlights key business priorities in order to guide the companies to reform their business strategies and establish themselves in the wide geography.

– The key findings and recommendations highlight crucial progressive industry trends in the Radiation Therapy Market, thereby allowing players to develop effective long term strategies in order to garner their market revenue.

– Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

– Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those restraining the growth at a certain extent.

– Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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