Proton Therapy Market Size, Technological Advancement Industry Growth, Scope and Forecast 2025

Quince Market Insights, a global provider of market research studies, has published a report recently titled "Global Proton Therapy Market; By Product – (Equipment & Services); By Room Type – (Single Room & Multi Room; By Region – (North America, Asia Pacific & Europe and Rest Of the World) Market Outlook 2025 ".

Increasing number of in-patient cases in hospitals and clinics related problems associated with cancer and rising demand for Proton Therapy due to its increasing adoption as there are no side-effects unlike other traditional radiation therapies.
The global Proton Therapy market is segmented in to product, and room type. The product segment is bifurcated into Equipment & Services. The room type segment is expected to account for significant revenue share in the global market. The segment is categorized into Single Room & Multi Room.

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Many new proton therapy centers are in development in several countries with plans to operate from 2020-2021. The trend has shifted from traditional multi-room proton therapy centers that require huge space and have expensive maintenance costs, to single-room treatment centers, which are affordable and help in cost savings.

Major players of the market are focusing on business expansion through strategic merger and acquisition in gain customer base and enhance the product portfolio, which is another factor supporting the growth of target market. The market players are inclined towards joint venture and collaborative works in order to lower the operational cost further supports market growth.
Major players of the market are keen to promote product development and are making investment for R&D activities, coupled with innovative product offerings.

For instance, In 2019, IBA, a leading provider of proton therapy solutions for the treatment of cancer, showcased its technology leadership in proton therapy at the 38thAnnual European Society for Radiotherapy & Oncology(ESTRO)Meeting and Exhibition being held in Milan.

In another instance, on 8th May 2020 Hitachi, Ltd. declared that it has delivered its advanced proton therapy system to a clinic in Spain and the treatment started. This is the first hospital where Hitachi has delivered the proton therapy system in Europe.

However, factors such as lack of developed infrastructure in under developed countries in order to support advanced products is expected to challenge the growth of target market. Technological advancements and innovative product offerings by major players are expected to create new opportunities for players over the forecast period.

Major players operating in the global proton therapy market are Ion Beam Applications, Hitachi, Fermilab Scientists, Varian Medical Systems, ProNova, and Mevion.

Regional Analysis
North America is expected to account for major revenue share due to high patient pool suffering from serious conditions such as cancer. A scientific paper issued by the American Cancer Society journal, CA: A Cancer Journal for Clinicians has provided estimates in The Facts & Figures annual report of new cancer cases in 2019, which was 1,762,450 and the number of deaths due to cancer in the United States in the same year was 606,880.
The market in Asia Pacific is expected to witness faster growth over the forecast period due to high percentage of geriatric population of cancer patients. Many major manufacturers are inclined towards operating in developing countries due to low cost labor, which is another factor expected to support the growth of the market. High government spending on development of advanced healthcare infrastructure to facilitate the innovation is an important factor expected to influence the target market growth in this region.
Increasing mortality rate due to cancer in developed and developing countries, changing lifestyle patterns is resulting in serious conditions such as cancer, which is accelerating the demand for Proton Therapy in hospitals and clinics. Hospital and clinics are focused on providing better service to the patients and hence they are adopting Proton Therapy due to provide advanced healthcare to patients.

Rapid technological advancements by the major payers in medical devices, product development activities and introduction of new products with advanced features among other factors fuelling the target market growth.

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An Overview of the report
1. The report offers insights on the global sales and revenue of the Proton Therapy market
2. The recent market developments are scrutinized to project latest trends along with growth rate projections
3. Deeper understanding of the competitive landscape of the major companies operating in the market
4. New Opportunities and challenges for the global Proton Therapy market
5. Study of innovation and technological advancements in the industry

Analysts have undertaken research based on in-depth understanding of the market with qualitative and quantitative data. The market has been segmented into various segments such as product and room type along with regional analysis. The segments and sub-segments offer insights on current and potential growth trajectories.

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