Press release
Global Proton Therapy Market is Thriving with Rising Latest Trends by 2027 | Top Players-Mevion Medical Systems; ProTom International; Hitachi, Ltd.; IBA Worldwide; Sumitomo Heavy Industries, Ltd
Global Proton Therapy Market
Global Proton Therapy Market is expected to rise from its initial estimated value of USD 1.13 billion in 2018 to a projected value of USD 3.56 billion by 2026, registering a CAGR of 15.34% in the forecast period of 2019-2026. This rise in market value can be attributed to growth of the population suffering from cancer. Top Companies are Mevion Medical Systems; ProTom International; Hitachi, Ltd.; IBA Worldwide; Sumitomo Heavy Industries, Ltd.; Varian Medical Systems, Inc.; Koninklijke Philips N.V.; Mitsubishi Electric Corporation; Fermilab; Optivus Proton Therapy, Inc.; Elekta AB (pub); Advanced Oncotherapy; are few of the major competitors present in the market.
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Key Developments in the Market:
In January 2019, Apollo Hospitals Enterprise Ltd. announced the launch of South Asia's first proton therapy situated in Tamil Nadu, India. The center equipped with pencil-beam scanning technology offering which offers the highest precision of therapy.
In September 2018, Hitachi, Ltd. announced that they had received an order from Tokushukai Medical Group for usage in Shonan Kamakura Advanced Medical Center for Hitachi's compact proton therapy system. The dedicated system is expected to be completed by September 2020.
In January 2018, Hitachi, Ltd. announced that they had received US FDA 510(k) clearance for their commercialization of "Real Time Image Gating System for Proton Beam Therapy Systems". This clearance will allow for patients in United States to be treated with cutting-edge motion management and enhanced Spot Scanning identification technology.
Competitive Analysis:
Global proton therapy market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of proton therapy market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Global Proton Therapy Market By Product (Equipment, Service), Type (Electron Beam, Proton Beam, Neutron Beam, Carbon Ion Beam, Alpha Particle Beam, Beta Particle Beam), Set-Up Systems (Single-Room Systems, Multi-Room Systems, Compact Systems), Indication (Pediatric Cancer, Pelvic Cancer, Sarcoma, Prostate Cancer, Lung Cancer, Bone & Soft Tissue Cancer, Gastro-Intestinal Cancer, Liver Cancer, Brain Tumor, Central Nervous System, Eye Cancer, Head & Neck Cancer, Others), End-User (Hospitals, Ambulatory Surgical Centers, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)- Industry Trends & Forecast to 2026;
Market Definition: Global Proton Therapy Market
Proton therapy is a pharmaceutical technique which involves the treatment of cancerous cells and tumor, it involves the usage of radiation devices and focused radiation therapy along with accelerated protons which act as the radiation source. Through proton therapy, physicians can completely focus the radiation therapy on only the cancerous cells rather than damaging the healthy tissues and organs in close quarters of the targeted area.
Market Drivers
Increasing investments and funding for advancements in technologies of treatment in cancer treatments as well as increasing the establishment of proton therapy centers; this factor is expected to act as a driver for the market growth
Innovations and advancements in the therapeutic systems of cancer treatments and advancements in proton therapy product offerings; this factor is expected to act as a driver for the market growth
Market Restraint
Requirement of large funds initially for establishing and usage of proton therapy is expected to restrain the market growth
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Segmentation: Global Proton Therapy Market
By Product
Equipment
Service
By Type
Electron Beam
Proton Beam
Neutron Beam
Carbon Ion Beam
Alpha Particle Beam
Beta Particle Beam
By Set-Up Systems
Single-Room Systems
Multi-Room Systems
Compact Systems
By Indication
Pediatric Cancer
Pelvic Cancer
Sarcoma
Prostate Cancer
Lung Cancer
Bone & Soft Tissue Cancer
Gastro-Intestinal Cancer
Liver Cancer
Brain Tumor
Central Nervous System
Eye Cancer
Head & Neck Cancer
Others
Renal Cell Carcinoma
Cervical
Gastric
Lymphoma
By End-User
Hospitals
Ambulatory Surgical Centers
Others
Reasons to Purchase this Report
Current and future of global proton therapy market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
Regions/Countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:
All segmentation provided above in this report is represented at country level
All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
Note: If you have any special requirements, please let us know and we will offer you the report as you want.
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Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
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