Proton Therapy Market 2021: Industry Growth, Competitive Analysis, Future Prospects Forecast To 2027

Precision Business Insights published a research report on "Proton Therapy Market: By Type of System (Single Room System and Multi-Room System), By Application (Paediatric Cancer, Head & Neck Cancer, Prostate Cancer, Lung Cancer, Gastro-Intestinal Cancer, Brain Cancer and Others), By End-User (Hospitals, Radiotherapy Centers and Others) and Geography – Global/Region/Country Forecast to 2027”.

Radiation devices that use accelerated protons as a radiation source are used in proton treatment. Proton treatment is utilized to destroy any cancer cells that are still alive. Particle accelerators have been used in proton treatment to direct a beam of protons at the tumor. Protons are charged particles that occur with the DNA of cells, causing them to be damaged and eventually die. The accelerator, electromagnets, gantry, nozzles, and patient cabin are all part of proton treatment equipment’s, which are expensive and take up a lot of space. There are different sorts of proton therapy devices: single room centers and multi room centers. A single room center has a proton therapy device with just one patient room, whereas a multi room center has a single proton therapy device with numerous patient rooms, allowing two or more patients to receive at the same time.

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The worldwide proton therapy market is primarily driven by rising healthcare expenditures, growing physician preferences for advanced medicines, rising adoption, and rising cancer incidence. Faster uptake and access, as well as premium pricing, are two additional major growth drivers. Furthermore, the global proton treatment market's future scenario will be defined by reimbursement rates, adoption rates, and product price. Nonetheless, in the worldwide proton treatment market, cost can be a disincentive, particularly when it comes to the availability of proton beam therapy devices for small hospital settings. Furthermore, the market is projected to increase as the number of medical institutions delivering proton therapy grows. For example, the Illinois Health Facilities and Services Review Board authorized OSF HealthCare's intention to build a cancer care center using proton-beam therapy in February 2020. Furthermore, proton treatment machines are rather big and need a larger room with designated sections. The setup cost is separate from the device cost, which raises investment and hence limits market development.

The proton therapy market is characterized into six distinguished segments which are based on the component type, product type, application type, set-up systems, and end user. On the basis of component, the proton therapy market is segregated into beam transport system, proton accelerator, beam delivery system, image viewers and patient positioning system (PPS) and nozzle. In terms of product type, the proton therapy market is classified into software, systems, and services. In terms of type, the proton therapy market is categorized into rotating proton therapy systems and non-rotating proton therapy systems. In terms of end user, the proton therapy market is divided into hospitals, cancer research institutes and ambulatory surgical centers.

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Owing to the rising frequency of cancer, North America leads the proton treatment market in the United States. Due to rising diagnostic rates, the United States is driving the expansion of the North American area. Because of the existence of large businesses such as IBA Worldwide in the nation, the United Kingdom dominates the European market. Moreover, China dominates the Asia-Pacific region due to an ageing population and increasing awareness, both of which are expected to drive the proton treatment market forward.

There are some key players working in the proton therapy market, which include IBA (Ion Beam Applications S.A.) (Belgium), Hitachi, Ltd. (Japan), Varian Medical Systems (U.S.), Mitsubishi Electric Corporation (Japan), Optivus Proton Therapy, Inc. (U.S.), Mevion Medical Systems (U.S.), Advanced Oncotherapy plc (U.K.), ProTom International Inc, (U.S.), ProNova Solutions LLC (U.S.), Sumitomo Heavy Industries, Ltd. (Japan)

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