At 5.8% CAGR, Philippines Radiotherapy Market to Surpass US$ 27.7 Mn Threshold by 2027 | Top Players Elekta AB, Accuray Incorporated, Varian Medical Systems, Inc., RaySearch Laboratories AB, Mevion Medical Systems, Inc., Isoray Inc., Nordion Inc., Becton

The latest research report provides a complete analysis of the Global Philippines Radiotherapy Market for the forecast year 2020-2027, which is beneficial for companies regardless of their size and revenue. This survey report covering the major market insights and industry approach towards COVID-19 in the upcoming years. The market strategies undertaken, with respect to the current and future scenario of the industry, have also been listed in the study.

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Radiation therapy or radiotherapy is a cancer treatment therapy, which uses high doses of radiations to kill cancer cells and shrink tumors. Several types of radiotherapies such as external beam radiation therapy, internal beam radiation therapy/ brachytherapy, and systemic radiation therapy are available to combat various types of cancers prevalent, globally.

External beam radiation therapy is used to treat various types of cancers, including brain tumors, bladder cancer, and bone cancers. Brachytherapy is often used to treat cancers of the head and neck, breast, cervix, prostate, and eye, while systemic radiation therapy is often used to treat certain types of thyroid cancers using radioactive iodine.

For instance, in 2015, the Philippine Gamma Knife Center at Manila’s Cardinal Santos Medical Center acquired Elekta’s Leksell Gamma Knife Perfexion stereotactic radiosurgery system, an advanced radiosurgery device with high accuracy, which is used for the treatment of brain and neck tumors.

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High prevalence of cancers in Philippines is expected to be another factor increasing demand for radiotherapy for its treatment and significantly support Philippines radiotherapy market growth in near future.

As per the Philippine Cancer Society estimates in 2015, around 2,104 people suffered from leukemia, which accounts for 3% of the total cancer cases and around 1,160 people suffered from non-Hodgkin Lymphoma, which accounts for around 2% of all cancer cases

Furthermore, rising geriatric population in Philippines is expected to increase the chances of prostate cancer in males, which in turn is expected to increase demand for novel treatments such as radiotherapy for its treatment. For instance, according to the HelpAge, there were around 5,905,000 old people in Philippines in 2012, which is expected to reach around 23,633,000 by 2050.

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Detailed Segmentation:

Philippines Radiotherapy Market, By Product Type :
External Beam Radiotherapy Device
Linear Accelerators (LINAC)
Advanced Radiotherapy Device
Cobalt-60 Teletherapy System
Internal Radiotherapy (Brachytherapy) Device
Systemic Radiotherapy
Philippines Radiotherapy Market, By Procedure Type:
External Beam Radiotherapy
3-D Conformal Radiation Therapy
Intensity-modulated Radiation Therapy (IMRT)
Image-guided Radiation Therapy (IGRT) & Tomotherapy
Stereotactic Radiosurgery & Stereotactic Body Radiation Therapy
Others
Internal Radiotherapy (Brachytherapy)
Systemic Radiotherapy
Philippines Radiotherapy Market, By Application:
Breast Cancer
Lung Cancer
Cervical Cancer
Prostate Cancer
Head & Neck Cancer
Hematologic Cancer
Others

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