Radiotherapy Market Overview
Acknowledging the traction, the Radiotherapy Market is garnering globally; Market Research Future (MRFR) in its recently published study report foretells that the global Radiotherapy market will reach a CAGR of 5.49 % and USD 9641.89 million by 2030 in the forecast period. Which means the market is expected to achieve a growth that is slightly lesser than the double fold.
Worldwide, cancer cases are increasing rapidly, and the changing lifestyle is to be blamed. Improving economy is proving to be a blessing in disguise that is increasing the purchasing power of people increased access to the modern life and growing addictions tobacco and alcoholism are again some of the dominant risk factor developing cancer cells and tumors.
The Radiotherapy being a proven effective cancer treatment, its market is accruing vastly. Undoubtedly, technological advancements in medical science & biotechnology have improved the outlook for cancer treatments which escalates the market on the global platform, sufficiently controlling the spread of the diseases.
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Radiotherapy Market Segmentation
For the convenience of understanding, the report is segmented into three key dynamics;
By Treatment Types : X-rays, External Beam Radiotherapy (3D Conformal Radiation Therapy, Intensity Modulated Radiation Therapy (IMRT), Image Guided Radiation Therapy (IGRT), Tomotherapy, Stereotactic Radio Surgery, and Stereotactic Body Radiation Therapy.), and Proton Therapy among others.
By Applications : Breast Cancer, Prostate Cancer, and Lung Cancer among others.
By Regions : APAC, North America, Europe, and the Rest-of-the-World.
Radiotherapy Market Regional Analysis
North America dominates the Radiotherapy market globally; the growth is largely supported by the US. The market is fostered by the increasing prevalence of types of cancer and thyroid fuelled by the consequences of the wrong lifestyle. Factors such as technological advances coupled with the increasing healthcare expenditure support the market growth.
The Europe region is another lucrative market for the Radiotherapy.
The Asia Pacific region is emerging as a promising market for the Radiotherapy owing to the increasing number of cancer patients in the region.
The Radiotherapy market in the Middle East and Africa region is expected to witness a slow growth due to the lack of awareness of the chronic diseases and the limited treatment facilities in these regions.
Radiotherapy Market Players
· R. Bard Inc.
· Elekta
· Hitachi Ltd.
· IBA (Ion Beam Applications) SA
· Isoray Medical Inc.
· Mevion Medical Systems Inc.
· Optivus Proton Therapy Inc.
· Panacea Medical Technologies Pvt Ltd.
· P-Cure Ltd
· Provision Healthcare LLC.
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