The research report on ‘Global radiation therapy market’ offers a comprehensive assessment of this industry landscape. It measures the regional scope of the market while providing details regarding respective contribution of each topography and highlights various growth prospects.
The research report on ‘Global radiation therapy market’ offers a comprehensive assessment of this industry landscape. It measures the regional scope of the market while providing details regarding respective contribution of each topography and highlights various growth prospects. Furthermore, the study includes significant information about the factors which will positively as well as negatively impact the overall market outlook during 2020-2025.
As per industry analysts, global radiation therapy industry accumulated revenues worth USD 5216.04 million in 2019 and is reckoned to witness rapid expansion during 2020-2025. The growth is primarily attributed to escalating public healthcare spending in order to tackle the growing occurrence of cancer. Shifting focus of worldwide governments towards improving healthcare infrastructure in order to reduce the cancer mortality rate is also augmenting the market growth.
According to the report, radiation therapy market is categorized into numerous segments based on product type, application scope, end-user spectrum and regional terrain. Insights such as market share, growth rate estimations and other aspects influencing the segmental size are broadly covered in the document.
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In addition, the study highlights the companies formulating the competitive terrain of this business space. It offers vital data regarding each player including company profile alongside their respective product portfolio, which allows new entrants to define their business strategy.
According to trusted records, on the global scale, U.S. accounts for the highest proportion of radiation therapy facilities per million patients, while China holds the lowest proportion, with less than one facility per million patients. Thus, there is a high demand for radiation therapy technology in emerging economies such as China and India, which in turn is creating lucrative growth avenues for the overall radiation therapy market.
Based on product landscape
External-beam radiation therapy market segment is expected to register substantial growth during the estimated timeframe. This therapy is relatively affordable as compared to its counterpart. Factors such as high occurrence of breast cancer and lung cancer along with rising R&D activities among market majors to provide better treatment to cancer patients are contributing towards popularity of external beam radiation therapy across the globe.
Citing the end-user landscape
The end-user scope of global radiation therapy market comprises of dedicated clinics and hospitals & others. Market analysts claim that hospitals & others segment is anticipated to showcase considerable growth in the forthcoming years. Increasing collaborations between leading manufacturers and medical professionals in order to analyze and provide enhanced products is favoring the market scenario. Moreover, rising number of patients with breast cancer have impelled the demand for radiation therapy in hospital settings across the globe, which in turn is complementing the business outlook.
To access a sample pages of this report titled “Global Radiation Therapy Market a?? Analysis By Product Type (External Beam RT, Internal Beam RT), By Application, By End User, By Region, By Country (2020 Edition): Market Insights, Covid-19 Impact, Competition and Forecast (2020-2025)” in detail along with the table of contents, please click the link below:
Summarizing the geographical landscape
Global radiation therapy market space is split into regions namely Americas, Europe, and Asia-Pacific with primary focus on countries such as Mexico, Canada, U.S., Italy, UK, France, Germany, India, Japan and China.
As per the given report, EMEA radiation therapy industry is predicted to expand significantly during the forecast period, followed by Americas and Asia-Pacific. High concentration of major manufacturers along with increasing awareness pertaining to cancer management are prime factors stimulating the industry outlook in EMEA.
Emphasizing on the competitive scenario
The prominent companies in global radiation therapy market are Hitachi Corp., C.R. Bard Inc., Mevion, Panacea Medical Technologies, Optivus Proton Therapy Inc., Elekta AB, Isoray Inc., Accuray Inc., ViewRay Inc. and Varian Medical Systems Inc. among others.
Global Radiation Therapy Market Type Analysis (Revenue, USD Million, 2015-2025)
- External Beam RT
- Internal Beam RT
Global Radiation Therapy Market by Application Spectrum (Revenue, USD Million, 2015-2025)
- Lung Cancer
- Breast Cancer
- Colorectal Cancer
Global Radiation Therapy Market by End-user Landscape (Revenue, USD Million, 2015-2025)
- Hospitals & Others
- Dedicated Clinics
Global Radiation Therapy Market by Regional Analysis (Revenue, USD Million, 2015-2025)
Americas
- U.S.
- Canada
- Mexico
Europe
- Germany
- France
- U.K.
- Italy
Asia-Pacific
- China
- Japan
- India
Global Radiation Therapy Market by Competitive Arena (Revenue, USD Million, 2015-2025)
- Varian Medical System Inc.
- Accuray Inc.
- ViewRay Inc.
- Isoray Inc.
- Optivus Proton Therapy Inc.
- Elekta AB
- Panacea Medical Technologies
- C.R. Bard Inc.
- Mevion
- Hitachi Corporation
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