Radiation therapy or radiotherapy has emerged the cost-effective cancer treatment modalities, and hence gaining significance in reducing the morbidity and mortality of cancer.
Wilmington, Delaware, United States, Transparency Market Research Inc. – Radiation therapy or radiotherapy has emerged the cost-effective cancer treatment modalities, and hence gaining significance in reducing the morbidity and mortality of cancer. The drive for technology-driven treatment modality is a key aspect spurring the evolution of the radiation oncology market.
Advent of state-of-the-art techniques has helped in accurate tumor localization during the treatment. The use of multimodality imaging has made radiation oncology more effective. Advances in biology of tumor targeting through radiation oncology have paved way to personalized treatment strategies. Increasing radiobiological understanding of radiation oncologists is boosting the market.
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Some of the key product types in the radiation oncology market are Electron-Emitting High-Energy Linear Accelerators (Linac), Compact Advanced Radiotherapy Systems, Brachytherapy, Systemic Beam Radiation Therapy, and Proton Therapy.
Radiation Oncology Market: Key Trends
The growing role of radiotherapy in the care of cancer in almost half of the patient population is a key factor boosting the demand in the radiation therapy market. Adoption of multidisciplinary approaches to cancer are opening new avenues in the market. radiotherapy has gathered strong traction in palliative and curative settings.
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Rise in use of radiation therapy in breast and prostate cancer is bolstering the prospects in the radiation oncology market.
Radiation Oncology Market: Competitive Assessment
Strides in in engineering and computing technologies are boosting the market. The advent of high-precision extremely hypo-fractionated radiotherapy has improved the effectiveness of radiation therapy. Advances in image-guided techniques help in improving the precision of RT, thereby fueling the uptake in cancer patients.
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Continuous technological advances have expanded the horizon for players in the radiation oncology market. Intensity-modulated radiotherapy is expected to be the new avenue for prominent players. Advances treatment techniques integrate advanced treatment planning optimization algorithms. A case in point is IMRT/IMAT techniques. Numerous medical companies are coming out with advanced proton technologies to meet the needs of pediatric patients. To this end, they are integrating delivery technique.
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