Global In-Radiotherapy Market Research Report 2019 Explain - How large is the market?

Recent advancements in radiotherapy techniques to enhance the accuracy of treatment with the approval from regulatory agencies is a major factor augmenting growth of the radiotherapy devices. For instance, in 2017, Hitachi Ltd. received U.S. FDA clearance for the launch and commercialization of Real Time Image Gating System for Proton Beam Therapy Systems (RGPT), enabling patients the access to advanced spot scanning irradiation technology. The system was developed with collaborative efforts of Hokkaido University Hospital and the Clinical Research and Medical Innovation Center.

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Moreover, increasing number of research groups are collaborating to explore targeted systemic therapies for the advancement of radiotherapy technology, creating potential impact on the market growth. For instance, the National Collaborative Research Infrastructure Strategy (NCRI) launched the Clinical and Translational Radiotherapy Research Working Group (CTRad), to work towards the national radiotherapy research agenda by developing high-quality radiotherapies, thereby optimizing tumor control and minimizing toxicity for patients receiving radiotherapy.

Key players are adopting strategic collaborations and acquisitions for the development of radiotherapy techniques to accelerate innovation and to expand their geographical presence, thereby augmenting market growth. For instance, in 2017, Ion Beam Applications collaborated with Royal Philips to offer unique integrated solutions for proton therapy and molecular imaging centers, with an objective to enable effective and personalized cancer care. The companies collaborated to deliver proton therapy systems such as Proteus ONE and Proteus PLUS and clinical informatics solution such as Philips Big Bore CT, PET CT systems and Pinnacle3 Treatment Planning System in the UK, Middle East, and India.

Moreover, key players are launching high-quality tools for accurate and efficient radiotherapy treatment, thereby introducing novel solutions to enhance oncology radiotherapy. For instance, in 2017, Toshiba Medical introduced Galan RT Solutions suite of radiation therapy tools, which include the advanced Universal Couchtop MR Overlay from Civco Radiotherapy to help improve patient safety by sparing healthy tissue from unnecessary radiation. Galan RT Solutions allow health care providers to precisely map MR data to PET/CT images to develop radiation therapy plans, thus prioritizing patient care.

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Major players operating the global radiotherapy market include Accuray Incorporated, Varian Medical Systems, Inc., Elekta AB, Ion Beam Applications S.A., C.R. Bard, Inc., Isoray Medical, Inc., CIVCO Radiotherapy, Hitachi Ltd., Mevion Medical Systems, Inc., and ProTom International, Inc.

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