MRI-Guided Radiation Therapy Systems Market Set to Grow According to Forecasts 2021 - 2031

Global MRI-guided Radiation Therapy Systems Market: Snapshot

Surge in prevalence of cancer across several developed as well as developing countries in the world is estimated to boost expansion of the global MRI-guided radiation therapy systems market during the forecast period 2021-2031.

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TMR's upcoming research report gives 360-degree analysis of the global MRI-guided radiation therapy systems market. Drivers, challenges, growth opportunities, and restraints are some of the key facets explained in this report. Thus, this study works as a dependable guide to gain data on the MRI-guided radiation therapy systems market for the forecast period 2021-2031.

The research report performs segmentation of the global MRI-guided radiation therapy systems market on the basis of different parameters including product type, MRI dimension, end-user, and region. Based on MRI dimension, the market is classified into three parts, namely, orthopedic, 0.5 Tesla MRI scanner, and 1.5 Tesla MRI scanner.

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Key Drivers of MRI-guided Radiation Therapy Systems Market Growth

MRI-guided radiation therapy systems are extensively utilized across several end users such as radiotherapy centers, cancer research institutes, and hospitals. At present, Linac MR-RT Systems and software are key product types available in the market.

Major healthcare professionals across the globe are inclining toward the use of MRI-guided radiation therapy systems instead of linear accelerators (Linac) due to many advantages these devices offer. This factor is anticipated to boost sales opportunities in the global MRI-guided radiation therapy systems market in the upcoming years.

Over the period of past few years, there is significant growth in the number of cancer patients across major parts of the globe. This scenario is projected to translate into increased need for MRI-guided radiation therapy systems, and thereby boost expansion of the market in the years to come.

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Due to presence of favorable reimbursement policies related to cancer care in many countries around the world, patients in these countries are gaining accessibility to advanced and effective radiation therapy systems. This is one of the key factors boosting the growth avenues in the global MRI-guided radiation therapy systems market.

What Key Tactics are Utilized by Players in Global MRI-guided Radiation Therapy Systems Market to Sustain in Competition

The global MRI-guided radiation therapy systems market is relatively new. Thus, there are only two prominent players in the market, namely, Viewray Technologies, Inc. and Elekta AB. This scenario suggests the opportunity for new entrants in the market.

Several enterprises in the MRI-guided radiation therapy systems market are increasing their participation in exhibitions, trade shows, and conferences. These strategies are helping them in better positioning their products, and drive sales numbers.

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Players in the global MRI-guided radiation therapy systems market are increasing their efforts to develop innovative products. As a result, they are seen investing heavily in the R & D activities. Growth in the new product launch activities by industry players is projected to help in the growth of market in the years to come.

North America Demand Outlook for MRI-guided Radiation Therapy Systems

Based on region, the global MRI-guided radiation therapy systems market shows existence in many regions such as Europe, North America, Latin America, Asia Pacific, and Middle East and Africa. Of them, North America seems to be one of the prominent regions of the market for MRI-guided radiation therapy systems owing to presence of considerable number of cancer patients in the region.

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