Radiotherapy Market Forthcoming Developments, Business Opportunities by Key Players: Varian Medical Systems, Inc., Elekta AB, Accuray Incorporated, IBA, Nordion and More

Global Radiotherapy Market was valued at $4,723 million in 2016, and is expected to reach at $7,222 million by 2023, growing at a CAGR of 6.2% from 2017 to 2023.

The list of key players profiled in this report include Varian Medical Systems, Inc., Elekta AB, Accuray Incorporated, IBA (Ion Beam Applications SA), Nordion, Inc., C. R. Bard, Inc., Isoray Medical, Inc., Raysearch Laboratories AB, Mevion Medical Systems, Inc., and Mitsubishi Electric Corporation.
The key players in the value chain include Shenzhen GeneMDx Biotech. Co., Ltd., Vision RT Ltd., IntraOp Medical, Inc., Eckert & Ziegler, and Theragenics Corporation

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Radiotherapy, commonly known as radiation therapy, is used for cancer patients to cure cancer by destroying the cancer cells and reducing the size of tumors. X-rays, gamma rays, and charged particles are commonly used radiations during radiotherapy. According to the National Cancer Institute, about 50% of cancer patients receive some type of radiation therapy during their treatment.

The market is driven by growth in number of cancer patients, increase in geriatric population, rise in adoption of radiotherapy devices and procedures, owing to surge in number of awareness campaigns about the benefits of radiotherapy, and technological advancements in radiotherapy devices. However, dearth of skilled personnel and difficulty in tumor visualization restrict the market growth. Furthermore, growth opportunities in emerging markets and increase in demand for cancer treatment are expected to provide numerous opportunities for market growth during the forecast period.

Segment Review

The external beam radiotherapy segment was the major market segment in 2016, and is expected to remain dominant throughout the forecast period. In this segment, high-energy x-ray or electron beams are passed through a patients tumor. Beams are usually generated by a linear accelerator and targeted to destroy cancer cells, restoring the surrounding normal tissues. This radiotherapy can be used to relieve symptoms in patients with advanced or metastasized cancer.

Key Benefits

• The study provides an in-depth analysis of the market with current trends and future estimations to elucidate the imminent investment pockets.
• It offers a quantitative analysis and comprehensive analysis of all geographical regions from 2016 to 2023 to enable the stakeholders to capitalize on the prevailing market opportunities.
• Extensive analysis by type helps to understand the various types of devices used for radiotherapy.
• Key players are profiled and their strategies are analyzed thoroughly to understand competitive outlook of the global market.

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