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Global Radiotherapy Market was Valued at US$ XX Mn in 2019 and it is Expected to Reach More than US$ 8.34 Mn by 2028, Likely to Grow with the CAGR of 4.0% During the Forecast Period.
The demand for Radiotherapy globally is augmented by the availability and introduction of advanced technologies coupled with less cost and efficient in the results that are desired by the healthcare facilitators. The healthcare institutions adopt various promotional measures in order to tap the global market in context to advanced Radiotherapy globally. Governments of various nations are imitating different healthcare policies and regulations that are favoring the advanced Radiotherapy market. Research and developments activities are also carried out intensively by various public as well as private institutions in order to contribute to the global market.
The market of Radiotherapy is also influenced by the presence of adequate or inadequate number of experienced professionals to carry out this kind of diagnosis. According to the report of WHO the cause of death among the individuals globally is Cancer with an estimated number about 9.6 Mn deaths in the year 2018, which needs to be treated with various methods which also involves one of the effective treatment procedure known as Radiotherapy. Thus, as per the report approximately 70% of the cancer deaths were observed among the individuals who belong to the lower and middle income group due to various reasons globally.
Rising Healthcare Industry in developing countries to drive the Demand for Radiotherapy
The growth of healthcare industry is augmented by an increase in the health conditions that are impacting the lives of individuals. Different promotional measures adopted by the healthcare authorities are propelling its growth in the global market. The Radiotherapy being one of the most important treatments in treating patients is supporting to the growth of healthcare industry.
Intensely modulated radiation therapy (IMRT) Segment held prominent share in Global Radiotherapy Market in 2019
The intensely modulated radiation therapy (IMRT) is the commonly used method of external beam radiation therapy in the global market in treating cancer cells. The importance of IMRT is high and occupies the highest market demand in comparison to various types of external beam radiation therapies. The basic benefit in the adoption of IMRT is its capability to offer high doses in the form of radiation to the sites of cancer. In the technique of IMRT projects many beams of radiation that could target different sites with varying amounts of dosages. Along with its capability of beans to be turned on or off while in the course of treatment is plunging its market demand globally. By the application of IMRT the tumour cells are precisely mapped through three dimensions, that is an advantage associated in this type of therapy. The market of IMRT is anticipated to sustain in the market growth and is projected for a greater market share during the forecast period.
The North America Is expected to dominate the Radiotherapy Market during the Forecast Period
The United States had accounted for about half of the cancer treatments that were received by the patients. Various kinds of radiation therapies are available in the market that includes external beam radiation therapy, internal radiation therapy, and systemic therapy. In various cases the radiation therapy is adopted as a curative therapy whereas in few other cases it is known as a palliative therapy. The United States had accounted as the largest market for the market of radiotherapy adopted in treating cancer patients. The North American market is stimulated by different factors that includes rising cases of cancer, availability of substitute therapies in the place of conventional and older therapies with latest means, and the presence of reimbursements for radiation therapy introduced by the government policies are substantially contributing to this market..
Global Radiotherapy market is fragmented among the number of local and global players. The organizations offering Radiotherapy associated products and services are focused on offering advanced technologies to treat cancer patients.
Key players operating in the global Radiotherapy market are Elekta AB, Siemens AG., GE Healthcare, Ion Beam Applications, Isoray, Mirada Medical, Nordion (Canada) Inc., Canon Medical Systems Corporation, and Varian Medical Systems, Inc.,
Global Radiotherapy Market Key Segments:
Global Radiotherapy Market, By Therapy Type
- External Beam Radiation Therapy
- Intensity-Modulated Radiation Therapy (IMRT)
- Image-Guided Radiation Therapy (IGRT)
- Stereotactic Radiosurgery
- Stereotactic Body Radiation Therapy
- Proton Therapy
- Internal Radiation Therapy
- Systemic Radiation Therapy
Global Radiotherapy Market, By Application
- Skin & Lip Cancer
- Head & Neck Cancer
- Breast Cancer
- Prostate Cancer
- Cervical Cancer
- Lung Cancer
- Spine Cancer
Global Radiotherapy Market, By End User
- Cancer Research Institutes
- Ambulatory and Radiotherapy Centres
Global Radiotherapy Market, By Region
- North America
- Asia Pacific
- Middle east and Africa
- Latin America