Sarasota, FL, April 06, 2017 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Radiotherapy Market by Product (External Beam Radiation Therapy, Internal Radiation Therapy, Systemic Radiation Therapy), By Technology for Prostate Cancer, Breast Cancer, Lung Cancer, Head & Neck Cancer, Colorectal cancer, Gynecological Cancer, Penile Cancer and Other Cancer: Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 - 2022”. According to the report, global Radiotherapy Market was valued at approximately USD 5.75 billion in 2016 and is expected to generate revenue of around USD 8.53 billion by end of 2022, growing at a CAGR of around 6.8% between 2017 and 2022.
Radiotherapy is a treatment for cancer that uses radiation, usually X-rays, to treat illness. Radiotherapy is also sometimes used to treat benign tumors and other conditions, such as thyroid disease and some blood disorders. Radiotherapy is used alone or in combination with chemotherapy (chemoradiotherapy) to treat cancer. Radiotherapy is effective in controlling symptoms of cancer. Radiotherapy may be used before surgery or after surgery to destroy small tumor cells that may be left. Radiotherapy can be external, internal or systemic.
Browse through 42 Market Tables and 46 Figures spread through 110 Pages and in-depth TOC on “Global Radiotherapy Market by Technology, Size & Share- Forecast 2016 – 2022”.
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Global radiotherapy market is primarily driven by growing incidences of cancer across the globe. Other major driving factors are increasing geriatric population and large government funding. However, lack of infrastructure and lack of skilled personnel and training are the major restraints that may limit the growth of the market. Nonetheless, technological advancements in radiotherapy products coupled with a huge investment in radiotherapy across the globe are likely to disclose the new avenues for radiotherapy market in the near future.
The radiotherapy market is segmented on the basis of different products including external beam radiation therapy, internal radiation therapy (brachytherapy), and systemic radiation therapy. External beam radiation therapy is further sub-segmented into compact advanced radiotherapy systems (Cyberknife, Gamma knife, and Tomotherapy), proton therapy systems (Cyclotron and Synchrotron) and electron emitting high energy linear accelerators (Linac). Internal radiation therapy is further sub-classified into seeds, applicators & after leaders and electronic brachytherapy. External beam radiation therapy holds a maximum share of global radiotherapy market.
Browse the full "Radiotherapy Market by Product (External Beam Radiation Therapy, Internal Radiation Therapy, Systemic Radiation Therapy), By Technology for Prostate Cancer, Breast Cancer, Lung Cancer, Head & Neck Cancer, Colorectal cancer, Gynecological Cancer, Penile Cancer and Other Cancer: Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 - 2022" report at https://www.zionmarketresearch.com/report/radiotherapy-market
Based on technology radiotherapy market is classified into external beam radiation therapy (Image-Guided Radiotherapy (IGRT), Intensity Modulated Radiotherapy (IMRT), Stereotactic Technology, Proton Beam Therapy, Tomotherapy, 3D Conformal Radiotherapy (3D CRT) and Volumetric Modulated Arc Therapy (VMAT)), internal radiation therapy (Low Dose Rate and High Dose Rate), and systemic radiation therapy.
Based on applications external beam radiation therapy segment is classified into prostate cancer, breast cancer, lung cancer, head & neck cancer, colorectal cancer and other. Internal radiation therapy is classified into prostate cancer, gynecological cancer, breast cancer, penile cancer and other.
North America represents developed regional markets for radiotherapy and is expected to see the rapid growth in the years to come. The U.S. is by far the leading radiotherapy market by country in North America. The U.S. market is expected to grow at the highest CAGR during the forecast period. This growth is mainly due to the well-developed healthcare infrastructure and increases in research and development on radiotherapy products. Moreover, the disposable income and reimbursement of life-threatening diseases are very high in this region which promotes the growth of radiotherapy market.
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Europe was the second largest regional market and is expected to show significant growth in the years to come. This growth is mainly due to increase in a number of patients diagnosed with cancer.
Asia-Pacific is expected to witness noticeable growth in the near future. In Asia, China, India, and Japan will continue to be the fastest growing markets in radiotherapy market. Growth in Asia-Pacific market is expected to be driven by increasing tobacco consumption, growing population, large geriatric population base and increasing disposable income.
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In Middle East & Africa; African region is projected to register moderate growth rate due to lack of awareness. Latin America is another important regional market and is expected to experience moderate growth over the forecast period. Thus, all the aforementioned parameters are expected to propel the market growth in this region.
Some of the key players in radiotherapy market include Elekta AB, Varian Medical Systems, Accuray Incorporated, IBA Worldwide, IsoRay Medical, Inc., Nordion, Inc., Raysearch Laboratories, Mevion Medical Systems, Mitsubishi Electric Corporation and C. R. Bard, Inc. among others.
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This report segments the global Radiotherapy market as follows:
Global Radiotherapy Market: By Product
- External beam radiation therapy
- Compact Advanced Radiotherapy Systems
- Cyberknife
- Gamma Knife
- Tomotherapy
- Proton Therapy Systems
- Cyclotron
- Synchrotron
- Electron Emitting High Energy Linear Accelerators (Linac)
- Internal Radiation Therapy/Brachytherapy
- Seeds
- Applicators & Afterloaders
- Electronic Brachytherapy
- Systemic Radiation Therapy
Global Radiotherapy Market: By Technology
- External Beam Radiation Therapy
- Image-Guided Radiotherapy (IGRT)
- Intensity Modulated Radiotherapy (IMRT)
- Stereotactic Technology
- Proton Beam Therapy
- Tomotherapy
- 3D Conformal Radiotherapy (3D CRT)
- Volumetric Modulated Arc Therapy (VMAT)
- Internal Radiation Therapy
- Low Dose Rate
- High Dose Rate
- Systemic Radiation Therapy
Global Radiotherapy Market: By Application
- External Beam Radiation Therapy
- Prostate Cancer
- Breast Cancer
- Lung Cancer
- Head & Neck Cancer
- Colorectal Cancer
- Other
- Internal Radiation Therapy
- Prostate Cancer
- Gynecological Cancer
- Breast Cancer
- Penile Cancer
- Other
Global Radiotherapy Market: By Region
- North America
- U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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