Particle Therapy Market 2024 Types, System, Applications, Cancer Type with Top Players | Hitachi, Ltd., IBA Worldwide, Advanced Oncotherapy PLC, Optivus Proton Therapy, Inc. and More

The Particle Therapy Market is accounted for USD 2.4 million and expected to register 9.3% CAGR during the forecast period to 2031.

The Americas are poised to lead the global particle therapy market due to several factors including the growing prevalence of cancer patients, increased funding and investments by manufacturers, and government initiatives aimed at establishing treatment centers. According to the U.S. Department of Health and Human Services, approximately 1,838,650 new cases of cancer were diagnosed in the United States, with 709,640 individuals succumbing to the disease.

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Top Company Profiles of Particle Therapy Market:

Ion Beam Applications Sa (IBA)
Mevion Medical Systems, Inc.
Danfysik A/S
Hitachi, Ltd.
Optivus Proton Therapy, Inc.
Protom International, Inc.
Advanced Oncotherapy PLC.
Provision Healthcare, LLC
Varian Medical Systems, Inc.
Others

In December 2017, Advanced Oncotherapy plc announced securing new finance amounting to USD 46.75 million, with a significant portion of USD 37.5 million originating from a new Chinese investor. However, during the evaluation period, the particle therapy market expansion may be hindered by the absence of an acceptable reimbursement mechanism and the substantial costs associated with developing treatment centers. Additionally, in 2017, Mitsubishi Electric agreed to divest its particle therapy systems business to Hitachi and merge the two entities. This move enabled Hitachi to bolster its presence in the proton therapy sector. Notably, the first compact proton therapy system in the Middle East was jointly developed by Royal Philips (US) and Proton Partners International (UK) in collaboration with IBA (Belgium).

Particle Therapy Market Dynamics:

by Type:

Proton Therapy
Heavy Ion Therapy

by Cancer Type:

Prostate Cancer
Lung Cancer
Pediatric Cancer
Head and Neck Cancer
Breast Cancer
Others

by Application:

Treatment Applications
Research Applications

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Key highlights of the Particle Therapy Market:

The global particle therapy market revenue is projected to increase by USD 1,486 million by 2031, with a compound annual growth rate (CAGR) of 9.3% to Forecast 2031
In 2023, the North America region dominated the particle therapy market, holding over 35% of the market share.
The Asia-Pacific particle therapy market is anticipated to witness a growth rate of around 9% CAGR from 2024 to 2031.
The American Society for Radiation Oncology (ASTRO) recommends particle therapy as a viable treatment option for various cancer types, including lung cancer, prostate cancer, and head and neck cancer.

Table of Contents:

Section 1 Intelligence Surveillance and Reconnaissance Product Definition
Section 2 Particle Therapy Market Manufacturer Share and Market Overview
Section 3 Manufacturer Intelligence Surveillance and Reconnaissance Business Introduction
Section 4 Particle Therapy Market Segmentation (Region Level)
Section 5 Particle Therapy Market Segmentation (Product Type Level)
Section 6 Particle Therapy Market Segmentation (Industry Level)
Section 7 Particle Therapy Market Segmentation (Channel Level)
Section 8 Particle Therapy Market Forecast 2024-2031
Section 9 Intelligence Surveillance and Reconnaissance Segmentation Product Type
Section 10 Intelligence Surveillance and Reconnaissance Segmentation Industry
Section 11 Intelligence Surveillance and Reconnaissance Cost of Production Analysis

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Key Report Highlights:

The report provides a comprehensive overview of market size, growth drivers, and trends, This information can help businesses to make informed decisions about their strategies.
The report provides a competitive analysis of the Particle Therapy Market, which can help businesses to identify their strengths & weaknesses to the competitors.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth global Particle Therapy Market outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals

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This release was published on openPR.