Radiotherapy, or radiation therapy, is a cancer treatment that uses high doses of radiation to kill cancer cells and shrink tumors. Radiotherapy uses high doses of radiation to kill cancerous cells, while minimizing damage to the healthy cells around them. It is the most potent treatment for cancer, and leads to enhanced control over tumor and toxicity.
Philippines radiotherapy market size was valued at US$ 17.6 Mn in 2021 and is expected to witness a CAGR of 5.8% during the forecast period (2021 – 2028).
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Increasing prevalence of cancer, increasing awareness among people about radiotherapy, and initiatives taken by government and non-government organizations to increase accessibility to radiotherapy is expected to boost the growth of the Philippines radiotherapy market during the forecast period. For instance, in 2016, the Department of Health (DOH), Philippines planned to establish cancer centers to provide quality radiotherapy services to cancer patients, especially those outside Metro Manila.
According to DOH, Vicente Sotto Memorial Medical Center, Lung Center of the Philippines, Bicol Medical Center, Southern Philippines Medical Center, Cagayan Valley Medical Center, Zamboanga City Medical Center, and Baguio General Hospital and Medical Center has linear accelerators and other devices installed in the facility.
Increase in demand for safe and effective treatment due to increasing prevalence of cancer in Philippines is expected to augment the growth of the Philippines radiotherapy market over the forecast period. For instance, according to the data published in February 2018 by Philippines Statistics Authority, cancer (neoplasms) was the second leading cause of death in Philippines (after ischemic heart disease), accounting for nearly 60,470 deaths in 2016. Moreover, as per the Philippines Cancer Society, an estimated 109,280 new cases of cancer (61,142 females and 48,138 males) were diagnosed in the Philippines in 2017.
High cost of treatment or high cost of novel radiotherapy devices and availability of alternative treatments is expected to hamper growth of the Philippines radiotherapy market. For instance, according to the First Dayton Cancer Care, radiotherapy devices, such as CyberKnife, is more expensive than typical linear accelerator devices, and the investment cost to set up such device is approximately US$ 5 million.
Philippines implemented new customs clearance procedure for radiation devices in 2017.
According to the new guidelines, radiation-emitting devices are subjected to a new customs clearance release procedure administered by the Philippines FDA.
For shipment of each radiation-emitting devices in Philippines, importers must obtain Clearance for Customs Release (CFCR) certificate issued by the FDA’s Center for Device Regulation, Radiation Health, and Research (CDRRHR). Applications are processed within 3 working days for a fee of US$ 6 (Philippines Peso 300) per device.
One of the required elements of the CFCR application is a certificate of product registration issued by the national authority in the country of origin. This document must be authenticated by the Philippines embassy in the country of origin.
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Major players active in the Philippines radiotherapy market are Accuray Incorporated, Elekta AB, Varian Medical Systems, Inc., Mevion Medical Systems, Inc., Nordion Inc., Isoray Inc., Hitachi, Ltd., Ion Beam Applications SA, RaySearch Laboratories, and Becton, Dickinson and Company, among others.
Reasons to buy this Philippines Radiotherapy Market Report
◘ Save time carrying out entry-level research by identifying the size, growth, and leading players in the emerging Philippines Radiotherapy Market
◘ Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the emerging Philippines Radiotherapy Market
◘ Leading company profiles reveal details of key Philippines Radiotherapy Market players emerging five operations and financial performance
◘ Add weight to presentations and pitches by understanding the future growth prospects of the emerging Philippines Radiotherapy Market with five year historical forecasts
◘ Compares data from North America, South America, Asia Pacific Europe and Middle East Africa, alongside individual chapters on each region
The next part also sheds light on the gap between supply and consumption. Apart from the mentioned information, growth rate of Philippines Radiotherapy Market in 2028 is also explained. Additionally, type wise and application wise consumption tables and figures of Philippines Radiotherapy Market are also given.
𝐁𝐮𝐲 𝐓𝐡𝐢𝐬 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐖𝐢𝐭𝐡 𝐅𝐥𝐚𝐭 𝐔𝐒𝐃 𝟐𝟎𝟎𝟎 𝐎𝐟𝐟 @
Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Philippines Radiotherapy Market Size Analysis from 2022 to 2028
11.6 COVID-19 Outbreak: Philippines Radiotherapy Industry Impact
Chapter 2 Global Philippines Radiotherapy Competition by Types, Applications, and Top Regions and Countries
2.1 Global Philippines Radiotherapy (Volume and Value) by Type
2.3 Global Philippines Radiotherapy (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Philippines Radiotherapy Sales, Consumption, Export, Import by Regions
Chapter 5 North America Philippines Radiotherapy Market Analysis
Chapter 6 East Asia Philippines Radiotherapy Market Analysis
Chapter 7 Europe Philippines Radiotherapy Market Analysis
Chapter 8 South Asia Philippines Radiotherapy Market Analysis
Chapter 9 Southeast Asia Philippines Radiotherapy Market Analysis
Chapter 10 Middle East Philippines Radiotherapy Market Analysis
Chapter 11 Africa Philippines Radiotherapy Market Analysis
Chapter 12 Oceania Philippines Radiotherapy Market Analysis
Chapter 13 South America Philippines Radiotherapy Market Analysis
Chapter 14 Company Profiles and Key Figures in Philippines Radiotherapy Business
Chapter 15 Global Philippines Radiotherapy Market Forecast (2022-2028)
Chapter 16 Conclusions
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