Image Guided Radiotherapy Market 2018 Top Player | TOSHIBA CO, General Electric Co, Siemens AG, Scranton Gillette Communications

The Global Image Guided Radiotherapy Market is expected to grow at a CAGR of 15.8% during the forecasted period.

The image guided radiotherapy (IGRT) market is growing mainly due to rising cases of cancer, and other chronic diseases. According to a recent study report published by the Market Research Future, the image guided radiotherapy (IGRT) market is booming and expected to gain prominence over the forecast period.

Imaging is an essential component of modern day radiotherapy. Depending upon the imaging methods, the IGRT systems are of two type i.e. radiation-based systems, and non-radiation based systems. Non-Radiation Based Systems may employ camera-based systems, electromagnetic tracking, ultrasound, and magnetic resonance imaging systems. Whereas, radiation-based systems includes static as well as real-time tracking.

In IGRT, devices that deliver radiation, such as a linear accelerator or cyclotron/synchrotron, are equipped with specialized imaging technology that allow doctors to image the tumour immediately during the time radiation is delivered. With the help of specialized computer software, these images are compared to the reference images taken during simulation. IGRT is used to treat tumours in different areas of the body which are prone to movement, such as the liver, lungs, and prostate gland, as well as tumours near to the critical organs and tissues. It is often used in association with intensity-modulated radiation therapy, stereotactic radiosurgery proton beam therapy,

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Notably, increasing prevalence of the cancer, is the major driving factor for the growth of the global image guided radiotherapy market. According to the statistics suggested by the National Cancer Institute, around 1,685,210 new cases of cancer were diagnosed, in 2016, in the United States. It is also estimated that it is highest in African American men, and lowest in Asian/Pacific Islander women.

Competitive Analysis:

ViewRay, Hitachi, Ltd., TOSHIBA CORPORATION, General Electric Company, Siemens AG, Varian Medical Systems, Inc., Vision RT Ltd., C-RAD, Scranton Gillette Communications, XinRay Systems, and Koninklijke Philips N.V. are some of the prominent players at the forefront of competition in the global image guided radiotherapy market and are profiled in MRFR Analysis.

ViewRay, Inc. is one of them by holding a strong share in the market. The company designs, manufactures, and markets radiation therapy systems. In Nov 2017, ViewRay, has successfully installed MR-Guided Radiotherapy System in the Washington University. This initiative aims to strengthen its position in USA, and its customer base for ViewRay Inc. In the same year, the company installed the MRIdian Linac in Rigshospitalet, and Herlev Hospitals in Denmark. This initiative aims to strengthen its market in Europe

Varian Medical Systems, Inc. is another renowned market player in image guided radiotherapy market. The company designs, manufactures, sells, medical devices, and software for the treatment of cancer and other medical conditions globally. Varian operates in two major segments i.e. Oncology Systems, and Varian Particle Therapy. In Dec, 2017, Varian’s Halcyon Treatment System received ANVISA Registration from Brazil. With this approval, company has expanded its business in Latin America.

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Regional Analysis:

Owing to the rising medical tourism, and escalating healthcare sector privatization in America, the global Imaging Guided Radiotherapy (IGRT) market is dominated by North America. Moreover the rising prevalence of cancer, and other chronic disease is also boosting the North American market. According to the CDC, in the United States, every year, 7 out of 10 individuals die due to chronic diseases.

Brief TOC

1 Report Prologue

2 Introduction

2.1 Definition

2.2 Scope of the Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

2.3 Market Structure

2.4. Market Segmentation

3 Research Methodology

3.1 Research Process

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

3.5 Forecast Model

4 Market Dynamics

4.1 Drivers

4.2 Restraints

4.3 Opportunities

4.4 Mega Trends

4.5 Macroeconomic Indicators

5 Market Factor analysis

…TOC Continued

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