Proton Therapy Instrument Market Size 2021 CAGR Status, Share, Growth Prospects, Type, Manufacturers, Segments, Development Trends with Covid-19 Impact till 2027 - Hitachi, Mevion, Sumitomo, ProNova

The Proton Therapy Instrument Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

The Global Proton Therapy Instrument Market Size is Projected to Reach at a CAGR of 14% during 2021-2027.

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Market Overview:

Rise in the prevalence of cancer patients, growing awareness among people, improvement in insurance coverage for proton therapy, increase in consumption of tobacco, and surge in demand for proton therapy are factors driving the global proton therapy market. Tobacco use is associated with an increased risk of several cancers including lung, oral cavity, pharynx, bladder, oesophagus, kidney, liver, stomach, larynx, pancreas, bowel, cervix, leukaemia, and ovarian. According to the World Health Organization, in 2015, over 1.1 billion people smoked tobacco and the number continues to rise. Technological advancements and increase in health care expenditure are the other factors fueling the growth of the global proton therapy market. However, the high treatment cost is a major restraint of the global proton therapy market.

Top Leading Companies:

BA, Varian, Hitachi, Mevion, Sumitomo, ProNova

Recent Development:

Hitachi has acquired 16 companies, including 5 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 5 assets. Hitachi’s largest acquisition to date was in 2021 when it acquired Thales’s Ground Transportation Systems for $1.9B. Its largest disclosed sale occurred in 2011 when it sold HGST to Western Digital for $4.3B. Hitachi has acquired in 4 different US states, and 10 countries. The Company’s most targeted sectors include information technology (38%) and machinery (13%). Hitachi, Ltd. provides various systems, products, and services for information systems, electronic devices, power and industrial systems, consumer products, materials, and financial services sectors worldwide. Hitachi was founded in 1910 and is based in Tokyo, Japan.

Sumitomo has acquired 37 companies, including 24 in the last 5 years. A total of 7 acquisitions came from private equity firms. It has also divested 5 assets. Sumitomo’s largest acquisition to date was in 2014 when it acquired Clermont Mine for $1.0B. Its largest disclosed sale occurred in 2016 when it sold Soukai Drug to Rakuten for $74M. Sumitomo has acquired in 9 different US states, and 15 countries. The Company’s most targeted sectors include energy services and equipment (11%) and metals/mining (11%). Sumitomo Corporation With its global network and based on trust from companies in various industries and from consumers, Sumitomo Corporation engages in multifaceted business activities by making the most of its Integrated Corporate Strength. These business activities include sales of a variety of products and services within Japan, import and export, trilateral trade, and domestic and international business investment. Sumitomo was founded in 1919 and is based in Tokyo, Japan.

Proton Therapy Instrument Market Segmentation by Type:

Synchrotron
Cyclotron
Synchrocyclotron
Linear accelerator

Proton Therapy Instrument Market Segmentation by Application:

Hosptial
Proton Treatment Center

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North America Dominates the Market

North America dominates the global proton therapy Instrument market due to technological advancements, the rise in the prevalence of cancer patients, and the growing adoption of treatment procedures. According to the American Cancer Society, about 1,688,780 new cancer cases are expected to be diagnosed in the U.S. in 2017. Europe is the second-largest market for proton therapy. Increasing use of tobacco is the key factor driving the proton therapy market in the region. According to Eurostat, one in four EU citizens over 15 years old (24%) is a tobacco smoker. The market in the Asia Pacific is expected to expand at a higher growth rate due to growing awareness among people, a large target population, and an increase in health care expenditure. According to the World Health Organization, nearly 70% of deaths due to cancer occur in low- and middle-income countries.

Regional Proton Therapy Instrument Market (Regional Output, Demand & Forecast by Countries)

North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.

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Highlights of the Proton Therapy Instrument Market Report:

Detailed overview of Proton Therapy Instrument Market
Changing the Proton Therapy Instrument market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected Proton Therapy Instrument market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Proton Therapy Instrument Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.

The research includes historic data from 2016 to 2021 and forecasts until 2027 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Finally, the Proton Therapy Instrument Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Proton Therapy Instrument industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.

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