Radiation Therapy Equipment Market – Global Opportunities and Forecast, 2020-2027
This study of the market provides an
overview of the existing market trends, drivers, restrictions, and metrics and
also offers a viewpoint for important segments. The report also tracks product
and services demand growth forecasts for the industry. The report mentions
growth parameters in the regional markets along with major players dominating
the regional growth.
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The report offers detailed profile and
data information analysis of the leading companies in the Radiation Therapy
Equipment Market:
·
Accuray Incorporated
·
BrainLab AG
·
Elekta AB
·
GE Healthcare
·
Hitachi America Ltd.
·
IBA Group
·
Nordion Inc.
·
Philips Healthcare
·
RaySearch Laboratories AB
·
Sumitomo Heavy Industries Ltd.
·
Varian Medical Systems Inc.
The key drivers of the Radiation Therapy
Equipment Market are as follows:
The primary factors responsible for the
growth of the global radiation
therapy equipment market include the widespread of cancer worldwide, rising
preference for non-surgical cancer treatment by the patient, and growing R
& D activities to develop cost-effective and cancer treatment equipment.
The rising demand for radiation therapy by the patient as its safer procedure
with minimum side effects is further surging the growth of the market. As per
WHO, cancer is the second last reason for death worldwide, estimated at 9.6 million
death in 2018. The rising R&D activities, coupled with equipment such as
radiation equipment with advanced imaging capabilities, will create various
market opportunities. For example, as per Cancer Research UK, 17 million new
cancer cases occur worldwide, including breast cancer, bowel cancer, lung
cancer, and prostate cancer. The leading players are designing radiation
equipment with a customizable spatial radiation beam dependent on tumor shape
and size without compromising patients' safety owing to the radiation. On the
other hand, the high cost of radiation therapy equipment will hinder the growth
of the market.
Based on the region, Asia-pacific is
expected to grow at a higher CAGR during the forecast period due to the rising
development of healthcare infrastructure, growing healthcare expenditure, and
increasing medical tourism in countries such as India, South Korea, among
others owing to low-cost treatment.
The study objectives of this report are:
1.
To study and forecast the size
of the market.
2.
To analyze the key players,
SWOT analysis, value, and market share for the leading players.
3.
To define, describe, and
forecast the market by different segments.
4.
To analyze the market potential
and advantage, opportunity and challenge, restraints and risks.
Segmentation of the Radiation Therapy
Equipment Market:
Breakup by Therapy Type:
·
External Beam Radiation Therapy
·
Internal Radiation Therapy
·
Systemic Radiation Therapy
Breakup by Application:
·
Hospitals
·
Clinics
·
Others
Breakup by Region:
·
North America
o
United States of America
o
Canada
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
o
Rest of the world (remaining
countries of the LAMEA region)
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