Market Research Future has released a new report on the Global Radiotherapy Market which reveals a notable CAGR of 7% during the forecast period of 2018 to 2023 with an estimated value of USD 7 Million by the end of 2023. Report Contains detailed information to deliver country level analysis of the market’s segments which includes by treatment type and by applications.
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Global Radiotherapy Market – Major Players
Some of the players are involved in manufacturing of the Radiotherapy those are,
- GE Healthcare(UK)
- Siemens (Germany)
- Cardinal Health(US)
- View ray (US)
- Fuji Holdings(Japan)
- Philips Healthcare (US)
- Shimadzu Corporation (Japan)
- Hologic (US)
Global Radiotherapy Market – Competitive Analysis
View Ray, recently announced that the company has showcased its next generation MRI-guided radiation therapy solution, MRIdian Linac, at ESTRO 36, the annual meeting of the European Society for Radiotherapy and Oncology, which was held on May 5-9, 2017 in Vienna, Austria.
Isoray, company also has a new technique which into phase 3 of the clinical trials which will treat prostate cancer. The technique for the treatment is known as brachytherapy alone.
Varian, company has recently presented a new radiosurgery techniques for the optimal targeting of the multiple metastases. The metastases targeted are in the brain, spine, head & neck, and lung at the International Stereotactic Radiosurgery Society (ISRS) meeting in Montreux, Switzerland. Company has also announced that it has been selected through its distributor, Business Alignment, to supply and install a Varian ProBeam Compact single-room proton therapy system in the oncology center at King Chulalongkorn Memorial Hospital in Bangkok, Thailand. First patient treatments are expected to start in the second half of 2019.
Philips Healthcare, is a global leader in health technology, has announced the launch of IntelliSpace Oncology, a new cloud-based oncology decision-support solution that offers seamless data integration across specialties and locations, data-driven decision making, and tools for proactive patient involvement. Recently company has opened its first innovation center in Russia. The center is Located at the Skolkovo Innovation Center in Moscow. The center will have a team of scientists developing the next generation of health technologies based on computer and data science, and artificial intelligence in healthcare.
Global Radiotherapy Market – Highlights
The Radiotherapy Market will grow very rapidly at a rate of 7% CAGR during the forecasted period 2017-2023. The market is expected to reach USD 7 million from 4.5 million in 2016 during the forecasted period.
The focus of radiotherapy is to destroy the unwanted cells and avoid damaging healthy cells as much as possible. The damages cell stops repairing itself when the cell is damaged through DNA and are broken down by the natural process of body. The radiotherapy treatment are less painful than the chemotherapy and surgeries. The radiotherapy also have some side effects along with it. The side-effects of radiation therapy are nausea, hair loss, skin problems, fatigue, appetite loss, diarrhea, fertility issues could potentially hamper radiotherapy devices market growth.
Radiotherapy is generally used as a treatment for cancer. Around four out of every ten people are treated for cancer undergo radiotherapy. Normally together with other types of treatment including chemotherapy and surgery. Radiotherapy usually uses high power X-rays to destroy unwanted cells, such as cancer cells.
Global Radiotherapy Market – Regional Analysis
The radiotherapy market is segmented into four main geographic regions Americas, Europe, Asia-Pacific, and Middle East and Africa. America holds the larger market in the radiotherapy the market increasing due to the increasing advancement in the technology. Europe is another dominating region for the use of the radiotherapy. Asia-pacific region is growing at a rapid pace because of the increasing number of patients in the region. The number is increasing due to the more consumptions of tobacco is seen in this region. Middle East and Africa is slow growing segment because of the lack of awareness of the chronic diseases and the treatment facilities are also limited in this region.
Global Radiotherapy Market – Segmentation
The segmentation for the radiotherapy market is done on the basis of the treatment type and by application. On the basis of treatment type includes X-Ray, Gamma ray, External Beam radiotherapy, proton therapy, internal radiation therapy. The external beam radiotherapy segment is further sub-segmented into the treatment types which are 3D conformal radiation therapy, intensity modulated radiation therapy (IMRT), image guided radiation therapy (IGRT), Tomotherapy, Stereotactic radio surgery, and stereotactic body radiation therapy. On the basis of the application the segment are prostate cancer, breast cancer and lung cancer, ovarian cancer and thyroid.
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Major Table of Content
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.2 Scope of the Study
2.2.1 Research Objective
Chapter 3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
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