Radiotherapy Market | Robust Growth In Healthcare Industry | 2016 To 2022

Radiotherapy is the use of radiation, particularly X-rays for diagnosis and treatment of diseases. The other sources of radiation are gamma rays and protons. Radiotherapy is of two types namely external beam radiotherapy and internal beam radiotherapy. External radiotherapy utilizes X-rays generated from linear accelerators while internal radiotherapy is conducted by administering a radioactive material inside or close to the tumor inside the patient’s body. Radiotherapy is based on the principle of destruction of cancerous cells by damaging their DNA within these cells by radiations. Radiotherapy slows the growth of cancerous cells and is aimed at providing palliative care to relieve the patient of symptoms.

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The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analyzing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the Radiotherapy market. The scope of this report covers the Radiotherapy market by its major segments, which include the types, applications, and the major geographic regions.

KEY PREMIUM INDUSTRY INSIGHTS

1. Radiotherapy is a painless treatment. Radiotherapy is widely used in cancer treatment and according to Cancer Research organization, 40% cancer cases are treated by radiotherapy. In radiotherapy, damage to surrounding healthy cells by the high dose of radiation is a side-effect which could pose a threat for market growth. The multiple side-effects of radiation therapy such as nausea, hair loss, skin problems, fatigue, appetite loss, diarrhea, fertility issues could potentially hamper radiotherapy devices market growth.

2. In the present global scenario where number of people suffering with different forms of cancer is on the rise, the applications of new and improved as well as conventional forms of radiotherapy are immense. The most important requirement necessitating the development of improved and increasingly accurate radiation therapy is the need to accurately hit only the affected tumor using the radiation beam and avoid damaging the surrounding tissue.

3. Image Guided Radiotherapy is the result of research which has gone into integrating better imaging techniques to facilitate clearer visualization of the cancer tumor(s). Further improvements in the imaging of tumors for radiotherapy applications is the major driver expected to fuel the growth of this market throughout the coming decade.

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MARKET SEGMENTATION

This report analyzes the radiotherapy market by the following segments:

Radiotherapy Market, by Type

1. External Beam Radiotherapy
2. Internal Beam Radiotherapy
3. Systemic Radiotherapy

Radiotherapy Market, by Application

1. External Beam Therapy
2. Internal Beam Therapy

Radiotherapy Market, by End User

1. Hospitals
2. Ambulatory Radiotherapy Centers
3. Cancer Research Institutes

Geographically, Europe region is anticipated to lead the global radiotherapy device market with over half share in global market due to increasing geriatric population, growing demand for less time consuming treatments, increasing incidences of cancer and a shift towards painless and non-invasive surgeries. Global radiotherapy device market is largely concentrated in North America and Europe, which is estimated to account for more than 50% of the market share. Owing to a large patient population pool in China and India, radiotherapy device market is projected to grow at a significant CAGR during the forecast period.

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