Global Radiation Therapy Market
Global Radiation Therapy Market was valued at USD 6.36 billion in 2019 which is expected to reach USD 8.25 billion by 2027 at a CAGR 4.90%. The report by Qualiket Research provides detailed analysis of global radiation therapy market. This analysis from the report provides actionable insights to clients that can help them grow significantly in the global radiation therapy market from 2019-2027. The Global Radiation Therapy Market report includes an exclusive analysis of COVID- 19 pandemic on the market space under scrutiny.
Radiation Therapy is a type of cancer treatment which makes use of intense energy beams to kill cancer cells. This is local treatment which used to treat carcinogenic cells only in affected area. Radiation therapy is categorized into two types such as external radiation (radiation comes from machine), and internal radiation.
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The rise in prevalence of various types of cancer is the major driving factor which is expected to fuel the global radiation therapy market growth over the forecast period. Furthermore, increase in technological advancements with increase in healthcare expenditure will support the market growth during this forecast period. Also, rise in product approval of products will positively influence the global radiation therapy market growth. Moreover, rise in demand for non-invasive procedures is another driving factor that is expected to boost the market growth. In addition to that, increase in geriatric population as well as adoption of Radiation Therapy devices and procedures which is expected to propel the global radiation therapy market growth. The rise in opportunities in developing regions and growing need of cancer treatment are anticipated to drive the market growth during this forecast timeline.
Lack of healthcare infrastructure is the major challenging factor which is expected to hinder the global radiation therapy market growth. Also, lack of trained professionals, and affordability and accessibility of treatment will affect the global radiation therapy market growth.
The Global Radiation Therapy Market has been segmented based on type, end use, and region.
The Global Radiation Therapy Market is segmented on the basis of type such as Internal Beam Radiation Therapy (Low-Dose-Rate Brachytherapy, Pulsed-Dose-Rate Brachytherapy, and High- Dose-Rate Brachytherapy), External Beam Radiation Therapy (Intensity Modulated Radiation Therapy, Tomotherapy, Stereotactic Therapy, 3D Conformal Radiation Therapy, Image-Guided Radiation Therapy, and Particle Therapy), and Systematic Radiation Therapy (Instillation, Oral, and Intravenous).
The Global Radiation Therapy Market is segmented on the basis of type end use such as Hospitals, and Independent Radiation Therapy Centers.
Geographically, Global Radiation Therapy Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
North America holds the highest proportion of radiation therapy is anticipated to witness the largest market share owing to increase in number of cancer patients in this region. Also, the Asia Pacific is one of the major revenue-generating regions in the market. China, India, and Japan are major countries responsible for the growth of the radiotherapy market in this region.
The key operating players in Global Radiation Therapy Market are Hitachi, LTD., Elekta, Isoray Medical, Inc., Optivus Proton Therapy, Inc., Panacea Medical Technologies Pvt. LTD., Sumitomo Heavy Industries, LTD, Mevion Medical Systems, Inc, C. R. Bard, Inc., Theragenics Corporation, P-Cure LTD., Provision Healthcare, LLC., and Varian Medical Systems, Inc.
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- Qualiket Research report provides a comprehensive analysis of the global radiation therapy market segmented on the basis of type.
- The Global Radiation therapy Market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
- Key operating players are profiled and their strategies are analyzed thoroughly.
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