According to the report Global Radiotherapy market, published by Market Data Forecast, the Market was worth USD 5,450 million in 2016 and estimated to be growing at a CAGR of 6%, to reach USD 7,293 million by 2021
Science of radiotherapy has changed over the years due to substantial advancements in the field of medical technology. A gradual transition is observed from traditional technologies towards complex techniques such as intensity modulated radiotherapy (IMRT), stereotactic body radiation therapy, 4D imaging and proton therapy.
These procedures are improving the precision and accuracy of radiotherapy.Electromagnetic waves or high-energy radioactive particles are used in radiation therapy for destroying cancer cells, repair physiological abnormalities and shrink tumour cells. Radiotherapy is developing as a foremost technology for destroying the cancer disease.
It is a confined treatment like surgery and affects a particular area only.
Technological developments in radiotherapy products, increase in number of aged population, growing prevalence of cancer cases all over the globe, rising symposiums powerful investments in radiotherapy, and growing acceptance of radiotherapy devices and processes will mainly drive the radiotherapy market. Few other factors which are fuelling this market growth are rising preference for non-surgical procedures and increase in demand for replacement as hospitals are replacing older equipment with the newer therapy systems which offers better facilities.
Lack of sufficient infrastructure and adequate skills are the major restrain for the growth of radiotherapy market.
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The Global Market for radiotherapy is broadly categorized based on Type, Application, Equipment Type and Region
- Based on Type
- External Beam Radiation Therapy
- Internal Beam Radiation Therapy
- Based on Application
- Skin & Lip Cancer
- Head & Neck Cancer,
- Breast Cancer
- Prostate Cancer
- Cervical Cancer
- Lung Cancer
- Spine Cancer
- Based on Equipment Type
- Linear Accelerators
- Radiation Therapy Simulators
- Treatment Planning Systems
- Based on Region
- North America
- Latin America
- Asia Pacific
- Middle-East & Africa.
Nordion Inc. (Canada), RaySearch Laboratories AB (Sweden), Ion Beam Applications SA (Belgium), C. R. Bard Inc. (U.S.), Mevion Medical Systems Inc. (U.S.), Varian Medical Systems Inc. (U.S.), IsoRay Medical Inc. (U.S.), Elekta AB (Sweden), Accuray Incorporated (U.S.), and Mitsubishi Electric Corporation (Japan) are the key players in the radiotherapy market.
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