The global proton therapy market is estimated to be valued at US$ 2,763.2 Mn in 2023 and is expected to exhibit a CAGR of 13.0% during the forecast period (2023-2030).
Proton therapy is the most precise and advanced form of radiation therapy. It is widely used in treatment of cancer. It offers significant benefits over conventional radiation therapy, in terms of efficacy and limited side effects. It is a painless, non-invasive treatment that helps patients retain their quality of life and return to normal activities quickly. It allows physicians to deliver full or higher treatment dosages and destroy the main tumor site without causing harm to surrounding healthy tissues or organs. Major limitations of photon therapy or another particle therapy are overcome by proton therapy. Advancements in technology have increased adoption of proton therapy for treatments of various cancers across the globe.
Increase in demand for proton therapy is anticipated to increase globally during the forecast period, owing to increase in prevalence of cancer, surge in number of awareness campaigns regarding benefits of proton therapy, and technological advancements in proton therapy devices. Moreover, patients are eager to know more about proton therapy treatment process and increase in recognition of proton therapy drive growth of the market, globally. However, higher cost of proton therapy is anticipated to hamper the market growth.
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Market Insights and Analysis:
The Proton Therapy market report provides businesses with a wealth of valuable information, offering a comprehensive overview of current trends, market size, recent developments, and new opportunities. This report is an essential resource for any business looking to gain a better understanding of the industry, with growth analysis and historical and futuristic data on costs, revenue, demand and supply. By providing in-depth insights into the market’s scope and application, this study enhances understanding and facilitates strategic decision-making. For businesses of all sizes, the Proton Therapy market report is a crucial tool, illuminating product development, marketing strategies, and overall business growth. With its valuable information and analysis, this report can help businesses stay ahead in a highly competitive industry.
Global Proton Therapy Market – Driver
Increasing number of healthcare facilities offering proton therapy
The market’s major players are concentrating on boosting the number of healthcare facilities due to the rising prevalence of cancer through expansion tactics like acquisition and partnership. For instance, on February 15, 2023, IBA Radiopharma Solutions, a provider of proton therapy solutions for the treatment of cancer, and Moffitt Cancer Centre, a nonprofit cancer treatment and research centre in Canada, partnered to bring proton therapy treatment to Speros FL, Moffitt’s 775-acre Global Innovation Centre in Pasco County. As part of its ongoing expansion, Moffitt uses the ProteusONE small proton therapy apparatus from the IBA. The National Cancer Institute of Canada has only recognised Moffitt as a single comprehensive cancer centre.
Global Proton Therapy Market: Restraint
Infrastructural challenges in healthcare facilities
The installation of proton treatment is expensive and calls for sophisticated infrastructure. The quantity and size of the treatment rooms, as well as other patient and medical areas, will determine how much space is needed for a proton centre. The proton therapy system needs a lot more room to install the accelerators and create the high-energy beam. Companies are now proposing small-scale innovations for creating high-energy photons in order to overcome this.
Competitive Analysis
Major players operating in the global proton therapy market include Hitachi Ltd., Ion Beam Applications S.A, Mevion Medical Systems, Mitsubishi Electric Corporation, Provision Healthcare, ProTom International, Sumitomo Heavy Industries, Varian Medical Systems, Optivus Proton Therapy, Inc., and Advanced Oncotherapy plc.
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Detailed Segmentation:
- Global Proton Therapy Market, By Set-up Type:
- Single Room
- Multiple Room
- Global Proton Therapy Market, By Indication:
- Head & Neck Cancer
- Sarcoma
- Pediatric Cancer
- Gastro-intestinal Cancer
- Prostate Cancer
- Lung Cancer
Global Proton Therapy Market: Key Trends
High need for proton therapy, key market players increasing their footprint in developing nations
The worldwide proton therapy market is anticipated to witness significant growth due to the rising demand for proton treatment. As a result, leading companies are concentrating on collaboration and acquisition by increasing their presence in emerging economies like those in Africa, Asia, etc. For instance, IBA Radiopharma Solutions, a provider of proton therapy solutions for the treatment of cancer, announced in August 2022 that it had collaborated with Apollo Hospitals Enterprise Ltd (AHEL) to offer proton therapy training and education programmes for IBA customers in Asia-India.
The Report Covers The Following Data Points:
𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟏: This section covers the worldwide Market overview, including the basic market introduction, market analysis by its applications, type, and regions. The major regions of the worldwide Market include North America, Europe, Asia-Pacific, Latin America and the Middle-East and Africa. Proton Therapy Market industry statistics and outlook are presented in this section. Market dynamics states the opportunities, key driving forces, market risk are studied.
𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟐: This section covers Market manufacturers profile based on their business overview, product type, and application. Also, the sales volume, market product price, gross margin analysis, and share of each player is profiled in this report.
𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟑 𝐚𝐧𝐝 𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟒: These sections present the market competition based on sales, profits, and market division of each manufacturer. It also covers the industry scenario based on regional conditions.
𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟓 𝐚𝐧𝐝 𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟔: These sections provide forecast information related to Proton Therapy Market for each region. The sales channels include direct and indirect Marketing, traders, distributors, and development trends are presented in this report.
𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟕 𝐚𝐧𝐝 𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟖: In these sections, Industry key research conclusions and outcome, analysis methodology, and data sources are covered.
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