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Global Particle Therapy Market is expected to grow at a CAGR of 11.37% during the forecast period from 2019-2025

02-03-2020 09:32 AM CET | Science & Education

Press release from: Fior Markets

Global Particle Therapy Market 2019, Global Particle Therapy Market Growth, Global Particle Therapy Market Trends and Analysis,

Global Particle Therapy Market 2019, Global Particle Therapy Market Growth, Global Particle Therapy Market Trends and Analysis,

As per the report published by Fior Markets, the global particle therapy market is expected to grow from USD 879.07 Million in 2017 to USD 2,105.41 Million by 2025 at a CAGR of 11.37%during the forecast period from 2018-2025. Asia Pacific is expected to dominate the market during the forecast period. Increasing per capita income, developing healthcare infrastructure, and supportive government activities in developing countries are bolstering the growth in the region.

Global Particle Therapy Market byType (Heavy Ion, Proton Therapy), Products, Services, System, Cancer Type, Application, Region" and Global Forecast 2018-2025.

DOWNLOAD FREE SAMPLE REPORT:https://www.fiormarkets.com/report-detail/376058/request-sample

Key players operating in the market include Varian Medical Systems, Inc., on Beam Applications SA, Provision Healthcare, Hitachi, Ltd., Mevion Medical Systems, Inc., Optivus Proton Therapy, Inc., Sumitomo Heavy Industries, Ltd., Advanced Oncotherapyplc, Danfysik A/S, ProTom International, Inc. and others.Manufacturers are focusing on collaborations for expansion of their product portfolio and conducting clinical trials to increase their market share. For instance, in 2016, Provision Asia Limited and Shenzhen Hairong International Medical Development Co., Ltd. entered into a joint ventureto become an exclusive distributor of the ProNova SC360 Proton Therapy System. Moreover, in 2017, Royal Philips and Proton Partners International collaborated with IBA (Belgium) to build the first compact proton therapy system in the Middle East.

The typesegment is classified into proton therapy and heavy ion therapy. The proton therapysegment is dominating the market and held largest market share of 56.90% in 2017. The growth of the segment can be attributed to high degree of precision, reduced side-effects and less treatment time as compared to conventional photon therapies using X-rays. Product and services segment is divided products, cyclotrons, synchrotrons, synchrocyclotrons and services. Synchrotrons are dominating the segment and held the largest market share of 37.20% in 2017. The growth of the segment is due to increasing number of research activities and in the development of synchrotron facilities.System segment is classified into single-room and multi-room systems.The cancer type segment is divided into pediatric cancer, lung cancer, prostate cancer, head and neck cancer and others. Lung cancer is dominating the segment due to healthcare professional inclination towards particle therapy for lung cancer treatment. Application segment includes treatment applications and research applications.

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Increasing demand for better minimally invasive therapies for cancer treatment and increasing government funding to set up these equipment in hospitals in developing countriesare positively impacting the market. In addition, rising awareness regarding particle therapy and increasing investments by major players are expected to strengthen the market.High cost of the treatment and lack of skilled professionals may restrict thegrowth of the market. However, increasing number of medical professionals and patients opting for particle therapy are expected to drive the market.

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Fior Markets is a futuristic market intelligence company, helping customers flourish their business strategies and make better decisions using actionable intelligence. With transparent information pool, we meet clients' objectives, commitments on high standard and targeting possible prospects for SWOT analysis and market research reports. We sell market research reports obtained from major publishers from various industries, in which a comprehensive overview of the market is provided along with statistical forecasts, strategic recommendations, detailed segmentation, current market scenario, competitive landscape and key trends.

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