San Francisco, June 22, 2016 (GLOBE NEWSWIRE) -- Radiation therapy involves the use of radiation to destroy tumor cells before they multiply and spread throughout the body. It is also known as radiation oncology or radiotherapy. This therapy alleviates the pain of people suffering from cancer. This treatment is given under the supervision of an oncologist and usually in conjunction with surgery or chemotherapy.
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The radiation therapy equipment market is projected to grow at a 6% CAGR over the forecast period (2013-2018). The increasing number in the elderly population is a major factor driving the market. The market is also driven by new techniques as well as demand from Latin America, Asia Pacific, and Eastern Europe.
The global market is segmented by technology, applications, end-uses, and regions. Technologies in the market encompass systemic radiation therapy, internal radiation therapy, and external radiation therapy. External radiation therapy is sub-divided into stereotactic radio surgery, intensity modulated radiation therapy, stereotactic body radiation therapy, tomotherapy, proton therapy, and image guided radiation therapy.
Equipments used in the market are treatment planning systems, linear accelerators, and radiation therapy simulators. Products within external radiation therapy consist of gamma knife and cyber knife. Similarly, products within internal radiation therapy include electronic brachytherapy, seeds, and applicators & afterloaders. End-uses of the market include ambulatory surgical centers, clinics, and hospitals.
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Regions constitute of Asia Pacific, Europe, North America, Latin America, Central & South America, and MEA (Middle East & Africa). Asia Pacific will experience a major growth rate over the forecast period. This can be attributed to the investment in cancer research, increased population and per capita spending, and incidences of cancer. North America and Europe currently have major market share. The need for non-invasive surgeries and the geriatric base in these regions are factors influencing market growth in the region.
Prominent manufacturers operating in the radiation therapy equipment market are Varian Medical Systems Inc., Elekta AB, GE Healthcare Ltd., and RaySearch Laboratories AB.
Table of Contents
- Executive Summary
- List of Abbreviations
- Scope of the Report
3.1 Market Overview
3.2 Product Offerings
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- Market Research Methodology
4.1 Market Research Process
4.2 Research Methodology
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