Radiotherapy Market 2019: Market Value Will Grow Upto 7.22 Bn and 3.90% of CAGR by 2026| Top Players: Varian Medical Systems, Inc., Elekta AB, Accuray Incorporated, IsoRay Medical, Inc and more…
The Global Radiotherapy Market was valued at USD 5.32 Billion in 2018 and is projected to reach USD 7.22 Billion by 2026, growing at a CAGR of 3.90% from 2019 to 2026.
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What is Radiotherapy?
The treatment of disease with ionizing radiation is called as radiation therapy. Radiation therapy is a local treatment that is used to treat cancer cells only in the affected area. Radiation either comes from a machine (external radiation) or even from an implant (a small container of radioactive material) placed directly into or near the tumor (internal radiation). Some patients need only one kind of therapy as treatment whereas some receive both kinds of radiation therapy.
Following Top Companies are mentioned in this Radiotherapy Market Report:
Varian Medical Systems, Inc., Elekta AB, Accuray Incorporated, IsoRay Medical, Inc., Hitachi Ltd., Ion Beam Applications SA, ViewRay, Inc., Panacea Medical Technologies Pvt. Ltd., Provision Healthcare, and Mevion Medical Systems, Inc etc.
Global Radiotherapy Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Around the world people are suffering from different types of cancer and this number is on the rise, hence not only the prevalence of conventional radiotherapies is on the rise but new and improved therapies are being developed. The market for Radiotherapy is driven by factors such as increase in prevalence of cancer patients, rising elderly population, growth in adoption of various radiotherapy devices and procedures and technological advancements in the industry.
The Radiotherapy Market benefited by the surge in number of awareness campaigns about the advantages of radiotherapy. Moreover, increasing opportunities in developing markets and growing demand for cancer treatment are anticipated to propel the growth of the Global Radiotherapy market during the forecast period.
Global Radiotherapy Market , By Types
Portable CMM, Fixed CMM
Global Radiotherapy Market , By Applications
Automotive, Electronics, Aerospace & Defense, Heavy Machinery, Medical, Others
Research Methodology of Verified Market Research:
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Reasons to Purchase these Reports
• Qualitative and quantitative analysis of the Radiotherapy Market based on segmentation involving both economic as well as non-economic factors.
• Provision of market value (USD Billion) data for each segment and sub-segment.
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the Radiotherapy Market.
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region.
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled.
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major Radiotherapy Market players.
• The current as well as future Radiotherapy Market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions.
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