Radiotherapy Market Size - Industry Share Report
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The global radiotherapy market is expected to reach USD 7,544.8 million by 2020 from USD 5,585.0 million in 2015, at a CAGR of 6.2% between 2015 and 2020. North America is expected to hold the largest share of the global radiotherapy market in 2015. By product, application, and technology, the radiotherapy market is broadly segmented into external beam radiotherapy, internal radiotherapy/brachy therapy, and systemic radiation therapy. The external beam radiotherapy segment accounts for the largest share of the radiotherapy market in 2015, and is expected to grow at the highest rate.
Geographically, the report covers four major geographies, namely, North America, Europe, Asia-Pacific, and the Rest of the World. North America is expected to command the largest share of the global radiotherapy market in 2015, followed by Europe. Asia-Pacific radiotherapy market is poised to witness highest growth rate during the forecast period from 2015 to 2020 due to a number of factors including improving healthcare infrastructure and supportive government activities.
Market growth is majorly driven by the technological advancements in radiotherapy products, rise in number of geriatric population, increasing incidence of cancer cases across the globe, increasing symposiums driving investments in radiotherapy, and growing adoption of radiotherapy devices and procedures.
As of 2014, the global radiotherapy market was dominated by Varian Medical Systems, Inc. (U.S.), Elekta AB (Sweden), and Accuray Incorporated (U.S.), which together held a share of 84.5% of the overall radiotherapy market. New product launches& product enhancements; agreements, collaborations, partnerships, and contracts; geographic expansions; strategic acquisitions; and others (awareness campaigns and offering research fund & grants) are the major strategies adopted by most market players to achieve growth in the global radiotherapy market.
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Key players include:
11.1.1 Geographic Benchmarking
11.2 Varian Medical Systems, Inc.
11.2.1 Business Overview
11.2.2 Products Offered
11.2.3 Recent Developments
11.2.4 MnM View
11.3 Elekta AB
11.3.1 Business Overview
11.3.2 Products Offered
11.3.3 Recent Developments
11.3.4 MnM View
11.4 Accuray Incorporated
11.4.1 Business Overview
11.4.2 Products Offered
11.4.3 Recent Developments
11.4.4 MnM View
11.5 IBA (Ion Beam Applications Sa)
11.5.1 Business Overview
11.5.2 Products Offered
11.5.3 Recent Developments
11.5.4 MnM View
11.6 Nordion, Inc.
11.6.1 Business Overview
11.6.2 Products Offered
11.6.3 Recent Developments
11.6.4 MnM View
11.7 C. R. Bard, Inc.
11.7.1 Business Overview
11.7.2 Products Offered
11.7.3 Recent Developments
11.8 Isoray Medical, Inc.
11.8.1 Business Overview
11.8.2 Products Offered
11.8.3 Recent Developments
11.9 Raysearch Laboratories AB
11.9.1 Business Overview
11.9.2 Product Portfolio
11.9.3 Recent Developments
11.10 Mevion Medical Systems, Inc.
11.10.1 Business Overview
11.10.2 Product Portfolio
11.10.3 Recent Developments
11.11 Mitsubishi Electric Corporation
11.11.1 Business Overview
11.11.2 Product Portfolio
11.11.3 Recent Developments
Reasons to buy the report:
From an insight perspective, this research report has focused on various levels of analysis —market share analysis of top players, and company profiles, which together comprise and discuss basic views on the competitive landscape, emerging and high-growth segments of the radiotherapy market, high-growth regions and their respective drivers, restraints, challenges, and opportunities.
The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help firms in garnering a greater market share. Firms purchasing the report could use any one or combination of the below mentioned five strategies (market penetration, product development/innovation, market development, and competitive assessment) for strengthening their market share.
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