The global prostate cancer radiotherapy market is projected to register a revenue CAGR of 5.30% between 2023 to 2031, according to the latest evaluation by Growth Plus Reports. The study examines the best impactful strategies, macroeconomic conditions, trends and prospects, competitive environments, changing market dynamics, market size, data and projections, and key investment areas.
Key Takeaways:
- The high prescription of radiotherapy for prostate cancer will drive the demand for prostate cancer radiotherapy during the forecast period.
- The introduction of radiopharmaceuticals will encourage market revenue growth.
- North America will dominate the global market.
Request a Free Sample Copy of the Research Report: https://www.growthplusreports.com/inquiry/request-sample/prostate-cancer-radiotherapy-market/8460
Prostate Cancer Radiotherapy Market Scope
Report Attribute |
Details |
Growth Rate |
CAGR of 5.3% from 2023 to 2031 |
Base year for estimation |
2022 |
Forecast Period |
2023-2031 |
Historical Year |
2021 |
Segments covered |
Types, End User, and Region |
Regional scope |
North America, Europe, Asia Pacific, and the Rest of the World (ROW) |
Market Drivers
The growing prevalence of prostate cancer and an aging population are the primary factors driving the revenue growth of the global prostate cancer radiotherapy market. Additionally, the changes in lifestyle and environmental factors and the high prescription of radiotherapy for prostate cancer contribute to market revenue growth. Furthermore, technological advancements in radiotherapy and the introduction of radiopharmaceuticals support the market’s revenue growth.
Market Segmentation
Growth Plus Reports has analyzed the global prostate cancer radiotherapy market from three perspectives: Type, End User, and Region.
Type Segmentation: Based on the product, the global prostate cancer radiotherapy market is segmented into external beam radiation, brachytherapy, and radiopharmaceutical. The external beam radiation segment dominates the market with the largest revenue share because of is an effective treatment option for prostate cancer that has demonstrated efficacy in controlling cancer growth, relieving discomfort, and preserving the quality of life in many patients.
End-User Segmentation: Based on the end-user, the global prostate cancer radiotherapy market is segmented into hospitals, cancer care centers, and independent radiotherapy centers. The hospital segment dominates the market because hospitals provide better radiotherapy for prostate cancer patients due to their advanced technology, experienced medical staff, and high patient footfall.
Regional Growth Dynamics
Based on the region, the global prostate cancer radiotherapy market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America dominates the global prostate cancer radiotherapy market with the largest revenue share. The considerable revenue share of North America in the global prostate cancer radiotherapy market can be attributed to the growing male prostate cancer prevalence, increased demand for minimally invasive procedures, and technological advances in radiotherapy equipment.
Request for Customization – https://www.growthplusreports.com/inquiry/customization/prostate-cancer-radiotherapy-market/8460
Competitive Landscape
The following are the top companies in the global prostate cancer radiotherapy market:
- Curium Pharma
- Siemens Healthineers AG
- GE Healthcare Technologies, Inc.
- Philips Healthcare
- Varian Medical Systems
- Elekta
- Hitachi Medical Corporation
- IBA Worldwide
- Accuray Incorporated
The market for prostate cancer radiotherapy is very competitive and complex. Prominent companies are developing new products and forming strategic alliances to fulfill the growing global demand and maintain a strong market position.
Recent developments:
- Fusion Pharmaceuticals acquired RadioMedix’s Prostate Cancer Radiopharmaceutical Program in February 2023. RadioMedix, Inc. is a clinical-stage biotechnology company based in Houston, Texas, focusing on novel targeted radiopharmaceuticals.
- Osaka University and Düsseldorf University researchers discovered in November 2022 that a novel radiopharmaceutical therapy targeting prostate-specific membrane antigen (PSMA) – a protein expressed on the membranes of prostate cancer cells – can precisely target tumor cells.
- Blue Earth Therapeutics received FDA approval for 177Lu-rhPSMA-10.1 for the treatment of prostate cancer in April 2022.
Buy this Premium Research Report: https://www.growthplusreports.com/checkout-8460
VALUE PROPOSITIONS RELATED TO THE REPORT:
- Powered with Complimentary Analyst Hours and Expert Interviews with Each Report
- Comprehensive quantitative and qualitative insights at segment and sub-segment level
- Covid 19 impact trends and perspective
- Granular insights at global/regional/country level
- Deep-rooted insights on market dynamics (drivers, restraints, opportunities) and business environment
- Blanket coverage on competitive landscape
- Winning imperatives
- Exhaustive coverage on ‘Strategic Developments’ registered by leading players of the market
CUSTOMIZATION OPTIONS:
- Distributor Landscape Assessment
- Pricing Intelligence
- Customer Base Assessment
- Investment & Initiatives Analysis
- ‘Business Profile’ of Key Players
Schedule a call with our analyst: https://appoint.ly/s/salesZ3Jvd3RocGx1c3JlcG9ydHMuY29t/introduction
Visit our report store at – https://www.growthplusreports.com/report-store
Browse related reports:
Contract Development and Manufacturing Organization (CDMO) Market By Service (Contract Manufacturing Organization (CMO) and Contract Research Organization (CRO)) – Global Outlook & Forecast 2022-2030
Neuromodulation Devices Market by Technology (Internal Neuromodulation, External Neuromodulation), by Application (Spinal cord stimulation, Deep Brain Stimulation, Vagus nerve stimulation) – Global Outlook & Forecast 2022-2030
Heparin Market By Product Type (Low Molecular Weight Heparin (LMWH) and Unfractionated Heparin (UFH)), By Source (Porcine and Bovine), By Application (Heart Attacks, Stroke, Deep Vein Thrombosis & Pulmonary Embolism, Atrial Fibrillation, and Others), By End User (Hospitals & ASCs, Clinics, and Others) – Global Outlook & Forecast 2022-2030
Facial Injectables Market by Product (Botulinum Toxin [Botox], Collagen, and Hyaluronic Acid), by Application (Aesthetics & Therapeutics) and End User (Hospitals & Dermatologic Clinics) – Global Outlook and Forecast 2020-2030
Heparin Market By Product Type (Low Molecular Weight Heparin (LMWH) and Unfractionated Heparin (UFH)), By Source (Porcine and Bovine), By Application (Heart Attacks, Stroke, Deep Vein Thrombosis & Pulmonary Embolism, Atrial Fibrillation, and Others), By End User (Hospitals & ASCs, Clinics, and Others) – Global Outlook & Forecast 2022-2030
About Us:
Growth Plus Reports is part of GRG Health, a global healthcare knowledge service company. We are proud members of EPhMRA (European Pharmaceutical Marketing Research Association).
Growth Plus portfolio of services draws on our core capabilities of secondary & primary research, market modelling & forecasting, benchmarking, analysis and strategy formulation to help clients create scalable, ground-breaking solutions that prepare them for future growth and success.
We were awarded by the prestigious CEO Magazine as “Most Innovative Healthcare Market Research Company in 2020.
Contact:
Manan Sethi
Director, Market Insights
Email: sales@growthplusreports.com
256 Chapman Road
STE 105-4, Newark,
New Castle – 19702, USA
Phone no: +1 888 550 5009
Web: https://www.growthplusreports.com/