Global Proton Therapy Market key factors driving the growth, Shares, Industry Analysis & Outlook (2016-2020)

Radiation therapy is one of the prominent therapies used today in the treatment of cancer. Proton therapy is a form of radiation therapy, also called proton beam therapy, that uses protons rather than x-rays to treat cancer. It is becoming more popular due to its high success rate and greater accuracy. It is relatively a much expensive therapy. Protons do have substantial clinical advantages over other conventional methods when targeting tumors next to key structures such as the heart, kidneys, eyes and in children as children are at high risk of getting secondary tumors later in life from radiation exposure.

The competition in the proton therapy market is high because of its increasing popularity and companies racing to increase their market share and investing in research & development to get an edge over the others. New technologies are coming in the market which is driving patients to choose proton therapy over other therapies.

The key factors driving the growth of proton therapy market are increase in the incidences of cancer, rising ageing population, increasing healthcare expenditure and greater recognition of proton therapy. Some of the noteworthy trends and developments of this industry are next generation proton therapy tools, future developments and proton therapy research advancements. However, the expansion of proton therapy market is hindered because of being expensive than other treatment therapies, sensitivity in nature, legal regulations and high reimbursement rates.

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The report “Global Proton Therapy Market: Industry Analysis & Outlook (2016-2020)” provides an in-depth analysis of the global market along with regional markets. The major trends, growth drivers as well as issues being faced by the industry are being presented in this report. The industry comprises large players such as IBA, Varian Medical System, Mitsubishi Electric and Hitachi. All these companies have been profiled in the present report highlighting their key financials and business strategies for growth.

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