Report Sellers has added a new market research report “Global Radiotherapy Market” to its offerings. The report is an in-depth market study providing accurate market insights including the latest trends, forecast, competitive insights, etc.
Economic burden of cancer has been on an increasing spree globally. Radiation oncology, chemotherapy and surgery are major approaches followed for cancer treatment globally. Radiation therapy with its ionizing radiation, precisely and accurately limits the proliferation of malignant cells, while sparing adjacent healthy tissue.
Global radiation oncology market is classified into External Beam Radiation Therapy, Internal Radiation Therapy or Brachytherapy and Systemic Radioisotope Therapy.
Growth of the market is driven by rise in cancer incidences globally, ageing population, replacement of installed base of devices, cost-effectiveness of radiotherapy treatment and market opportunity in emerging markets.
Companies operating in the segment are vying for gaining market penetration in emerging economies coupled with the replacement market in developed nations. Key challenges of the industry include government regulations in the industry, high installation costs, lack of skilled medical professionals and limited reimbursement provision.
North America is the worlds largest market for radiation therapy. At present, it is characterized as a replacement market. It is followed by EMEA and Asia Pacific region at second and third position. Furthermore, market segmentation is done along major radiotherapy products prevailing in the industry. These include popular external beam radiation therapy products such as Proton Therapy, Linear Accelerators, Gamma Knife, CyberKnife and TomoTherarapy.
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