Radiotherapy Market has recently added a report Forecast to 2027 to its repository, which comprises of data relating to the market size, share, value, and volume, production processes, revenue generation, the regional analysis of the business vertical, along with the outcomes of analytical tools including, SWOT analysis and Porter’s Five Forces analysis. The report highlights the growth opportunities and challenges that industry players might encounter in the forecast years, along with an elaborate competitive landscape and expansion strategies adopted by the companies functioning in the Market.
Those are further intended to assist businesses involved in this sector in sound decision-making and formulating lucrative business plans. The primary addressees of this report include some of the globally renowned venture capitalists. The report offers these individuals a vivid description of the competitive spectrum of the global Radiotherapy market.
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The technological advancement and increasing awareness among the public have led to an increase in the number of surgical operations, which in turn is augmenting the demand for the industry. Increasing technological advances in the radiotherapy is one of the factors snowballing, the market growth. For instance, Stereotactic body radiation therapy (SBRT) which differentiate between healthy cells and cancer cells and provide optimum efficacy.
Continuous rising prevalence of cancer resulting, a raised demand of radiotherapy eventually promoted the market growth. According to the American Cancer Society, approximately 1,806,590 new cancer cases and 606,520 cancer deaths in the U.S. are estimated in the year 2020.The growth of this market can be attributed to the increasing prevalence of cancer across the globe, rise in geriatric population, and rise in adoption of radiotherapy.
Various technologies like AI, personalization or miniaturization have contributed significant share of growth, to capture the client need field operators have initiated emerging such technologies. For instance, in September 2019, Varian (U.S) software developer in partnership with Oncora (U.S.) a digital health company launched Ethos artificial intelligence radiotherapy device
Radiotherapy is widely used as a prostate cancer treatment. Increasing incidence rate of cancer globally and higher rate of efficiency are major driving factor enhancing market growth
North America is anticipated to witness several growth opportunities leading to the increase in the level of awareness among consumers owing to the availability of a large number of research institutes, hospitals and other healthcare facilities, and also rise in the prevalence of cancer, which will significantly influence the growth of the industry.
Key participants include Varian Medical Systems, Inc. (U.S.), Elekta (Sweden), Accuray Incorporated (U.S.), Ion Beam Applications S.A. (Belgium), Panacea Medical Technologies Pvt. Ltd. (India), ViewRay, Inc. (U.S.), IsoRay Medical, Inc. (U.S.), Provision Healthcare (U.S.), Hitachi Ltd. (Japan), Mevion Medical Systems, Inc. (U.S.) and Reflexion Medical (U.S.) among others.
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Emergen Research have segmented the global Radiotherapy Market on the basis of products, types, applications, end-users, and region:
Products Outlook (Revenue in Million USD; 2017–2027)
- External Beam Radiotherapy Product
- Linear Accelerators (LINAC)
- Conventional LINAC
- Stereotactic Advanced Electron/Cobalt-60 LINAC
- Gamma Knife
- Particle Therapy Systems
- Conventional Cobalt-60 Teletherapy Units
- Internal Beam Radiotherapy/Brachytherapy Products
- Electronic Brachytherapy Products
- Systemic Radiotherapy
- Radio-Labelled Antibodies
- Linear Accelerators (LINAC)
Types Outlook (Revenue in Million USD; 2017–2027)
- External Beam Radiotherapy
- Image-guided Radiotherapy (IGRT)
- Intensity-modulated Radiotherapy (IMRT)
- Volumetric Modulated Arc Therapy (VMAT)
- Stereotactic Therapy
- 3D Conformal Radiotherapy (3D-CRT)
- Particle Beam Therapy (Heavy-ion and Proton Therapy)
- Internal Beam Radiotherapy/Brachytherapy
- Low-dose-rate (LDR) Brachytherapy
- High-dose-rate (HDR) Brachytherapy
- Pulsed-dose-rate (PDR) Brachytherapy
- Systemic Radiotherapy
- Intravenous Radiotherapy
- Oral Radiotherapy
- Instillation Radiotherapy
Applications Outlook (Revenue in Million USD; 2017–2027)
- Prostate Cancer
- Breast Cancer
- Lung Cancer
- Colorectal Cancer
- Spine Cancer
- Brain Cancer
- Pediatric Cancer
- Gynecological Cancer
- Cervical Cancer
- Penile Cancer
- Head and Neck Cancer
End Use Outlook (Revenue in Million USD; 2017–2027)
- Independent Radiotherapy Centers
Rapid Business Growth Factors
In addition, the market is growing at a fast pace and the report shows us that there are a couple of key factors behind that. The most important factor that’s helping the market grow faster than usual is the tough competition.
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Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe, MEA or Asia Pacific.
Key Points of Radiotherapy Market:
Extensive coverage of the analysis of the Radiotherapy market
Key insights into the regional spread of the industry in key geographies
Radical insights into the vital market trends; both current and emerging trends, and factors influencing the growth of the market
Comprehensive coverage of the impact of the COVID-19 pandemic on the overall growth of the Radiotherapy market
Complete data about the key manufacturers and vendors in the Radiotherapy market
Read More: https://www.emergenresearch.com/industry-report/radiotherapy-market
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