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Covid-19 impact on - Particle Therapy Market 2020 Industry Research, Share, Trend, Industry Size, Price, Future Analysis, Regional Outlook to 2026 Research Report | DBMR Updates
Particle Therapy Market
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Global Particle Therapy Market is expected to rise from its initial estimated value of USD 865.0 million in 2018 to an estimated value of USD 1,787.8 million by 2026 registering a CAGR of 9.5% in the forecast period of 2019-2026. This rise in the market can be attributed to the increasing adoption of cyclotrons and technological advancement of these systems.
Few of the major market competitors currently working in the global particle therapy market are Advanced Oncotherapy, IBA Worldwide, Accuray Incorporated, Brainlab, Elekta AB, Panacea, Shinva Medical Instrument Co. Ltd, xstrahl, Danfysik A/S, Hitachi Ltd., Mevion Medical Systems, Optivus Proton Therapy Inc., ProTom International, Provision Healthcare, Sumitomo Heavy Industries Ltd., Varian Medical Systems Inc., SAH Global LLC, Mitsubishi Electric Corporation, Koninklijke Philips N.V. and PTW Freiburg GmbH.
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Market Analysis:
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Competitor analysis
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Market Definition: Global Particle Therapy Market
Particle therapy is defined as a form of external beam radiotherapy that uses beams of energetic neutrons, positive ions or protons for cancer treatment. Proton therapy, fast-neutron therapy, carbon-ion radiotherapy etc. are some of the various methods of particle therapy.
Segmentation: Global Particle Therapy Market
Particle Therapy Market : By Type
Proton Therapy
Heavy Ion Therapy
Particle Therapy Market : By Product & Service
Cyclotrons
Synchrotrons
Synchrocyclotrons
Particle Therapy Market : By System
Multi-room Systems
Single-room Systems
Particle Therapy Market : By Cancer Type
Pediatric Cancer
Prostate Cancer
Breast Cancer
Lung Cancer
Head and Neck Cancer
Other Cancers
Particle Therapy Market : By Application
Treatment Applications
Research Applications
Particle Therapy Market : By Geography
North America
South America
Europe
Asia-Pacific
Middle East and Africa
Key Developments in the Particle Therapy Market:
In October 2018, IBA and Michigan announced the first irradiation of SPArc (Spot Scanning Proton Arc) Therapy plan to improve the robustness of the treatments and to increase the adoption of hypo-fractionation and dose escalation.
In December 2017, Mitsubishi Electric Company signed an agreement for transferring its particle therapy business to Hitachi and integrating into one entity. This enabled Hitachi in improving its position in proton therapy market.
Particle Therapy Market Drivers :
Rising adoption of particle therapy in clinical trials and research activities has increased the particle therapy market demand
Increasing occurrences of cancer is also acting as a major market driver
Particle Therapy Market Restraints :
High cost of particle therapy is acting as a major restraint for the market
Lack of awareness regarding these therapies can hamper the market growth
The Particle Therapy Market report describes a comprehensive insight into the application scope of the market. In addition, the report comprises details relevant to the market share obtained by various segments. Information about the revenue gathered from the segments along with the projected sales for the project duration is stated in the document. Essential insights about the vital parameters such as the competition trends and market focusing rate is included in the report. The Particle Therapy Market analysis report describes details about the marketing channels accepted by the manufacturers for their products in tandem with the information regarding the traders, distributors, and dealers competing in the market.
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)
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