Hadron Therapy Market Insights 2020: Top Impacting Factors, Growth Analysis and Industry Predictions

Ionizing radiations are used to treat cancer and the procedure is known as radiation therapy. When the ionizing radiations are made up of charged particles such as protons, carbon, and other ions, then radiation therapy is called as hadron therapy.

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COVID-19 scenario-

1) Due to the global pandemic all over the world, the medical devices manufacturers are majorly focusing on essential medical devices production including ventilators and diagnostics.

2) However, due to the precautionary measures taken by governments in various regions, the supply chain has been hampered. Which may result in shortage of devices in certain locations.

3) Food and Drugs Administration (FDA), on the other hand, shared a COVID-19 guidance with medical device manufacturers to notify the agency about changes that could affect availability of their products.

These charged particles have unique physical and radiobiological properties such as less diffusion that allows them to penetrate the tissues and destroy the cancerous cells with maximum energy. Hadron therapy destroys the cancerous cells by damaging their DNA. This therapy is more advantageous than the traditional approach as it delivers long-term protection against cancer, has minimal side effects, and avails treatment to more cancer types.

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However, the factors such as lack of awareness about hadron therapy, and less number of therapy providers are anticipated to inhibit the growth of the market. Also, the high product developmental cost is expected to impede the growth of the market.

There are many factors, such as increase in incidence of cancer, rise in healthcare expenditure, increased access to medical insurance, and technological advancements in cancer treatment therapies that fuel the growth of the global hadron therapy market.

The market is segmented based on type, application, end-users, and geography.

By type, the market is categorized into electron beam, proton beam, neutron beam, carbon ion beam, alpha particle beam, and beta particle beam.

By application, it is classified into pediatric cancer, bone and soft tissue cancer, prostate cancer, lung cancer, liver cancer, eye cancer, head & neck cancer, and other applications.

By end users, it is divided into hospitals, cancer research centers, and clinics. By geography, it is studied across North America, Europe, Asia Pacific, and LAMEA.

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List of players profiled in the report

• Koninklijke Philips N.V.
• Advanced Oncotherapy
• Varian Medical Systems, Inc.
• Optivus Proton Therapy, Inc.
• Hitachi, Ltd.
• Mevion Medical Systems
• ProTom International
• Mitsubishi Electric Corporation
• Sumitomo Corporation
• ProNova Solutions, LLC

List of other Key players:

• Seattle Genetics
• Peregrine Pharmaceuticals
• Viralytics Ltd.
• Takeda Pharmaceutical Company Ltd.
• Amgen Inc.
• IBA Worldwide
• F. Hoffmann-La Roche AG.

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Key Benefits:

• Comprehensive analysis of the factors that drive and restrict the growth of the global hadron therapy market is provided.
• The projections in the market are made by studying the current market trends and future market potential for the period (20172023) in terms of value.
• Extensive analysis by technology and application helps understand the various trends and prevailing opportunities in the respective market
• Key market players are profiled in the market and their strategies are analyzed thoroughly, which helps understand the competitive outlook of the global hadron therapy market.
• Comprehensive analysis of all regions are provided that determines the prevailing opportunities in these geographies.

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