Radiation Therapy Equipment Market – Global Opportunities and Forecast, 2020-2027

This study of the market provides an overview of the existing market trends, drivers, restrictions, and metrics and also offers a viewpoint for important segments. The report also tracks product and services demand growth forecasts for the industry. The report mentions growth parameters in the regional markets along with major players dominating the regional growth.

The report offers detailed profile and data information analysis of the leading companies in the Radiation Therapy Equipment Market:

·         Accuray Incorporated

·         BrainLab AG

·         Elekta AB

·         GE Healthcare

·         Hitachi America Ltd.

·         IBA Group

·         Nordion Inc.

·         Philips Healthcare

·         RaySearch Laboratories AB

·         Sumitomo Heavy Industries Ltd.

·         Varian Medical Systems Inc.

The key drivers of the Radiation Therapy Equipment Market are as follows:

The primary factors responsible for the growth of the global radiation therapy equipment market include the widespread of cancer worldwide, rising preference for non-surgical cancer treatment by the patient, and growing R & D activities to develop cost-effective and cancer treatment equipment. The rising demand for radiation therapy by the patient as its safer procedure with minimum side effects is further surging the growth of the market. As per WHO, cancer is the second last reason for death worldwide, estimated at 9.6 million death in 2018. The rising R&D activities, coupled with equipment such as radiation equipment with advanced imaging capabilities, will create various market opportunities. For example, as per Cancer Research UK, 17 million new cancer cases occur worldwide, including breast cancer, bowel cancer, lung cancer, and prostate cancer. The leading players are designing radiation equipment with a customizable spatial radiation beam dependent on tumor shape and size without compromising patients' safety owing to the radiation. On the other hand, the high cost of radiation therapy equipment will hinder the growth of the market.

Based on the region, Asia-pacific is expected to grow at a higher CAGR during the forecast period due to the rising development of healthcare infrastructure, growing healthcare expenditure, and increasing medical tourism in countries such as India, South Korea, among others owing to low-cost treatment.

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The study objectives of this report are:

1.       To study and forecast the size of the market.

2.       To analyze the key players, SWOT analysis, value, and market share for the leading players.

3.       To define, describe, and forecast the market by different segments.

4.       To analyze the market potential and advantage, opportunity and challenge, restraints and risks.

Segmentation of the Radiation Therapy Equipment Market:

Breakup by Therapy Type:

·         External Beam Radiation Therapy

·         Internal Radiation Therapy

·         Systemic Radiation Therapy 

Breakup by Application:

·         Hospitals

·         Clinics

·         Others

Breakup by Region:

·         North America

o   United States of America

o   Canada

·         Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·         Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·         RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

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