Press release
Hyperthermia Treatment for Cancer Market to Reflect a Modest CAGR of 6% by 2025
The increasing number of cancer patient worldwide is translating into higher demand for cancer therapies. Governments in various countries have launched promotional campaigns to aware people about getting the right cancer treatment. To an extent, these aforementioned factors are helping popularize various cancer therapeutics including hyperthermia treatment for cancer.
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Moreover, medical institutes are working in collaboration with the government for cancer research to further improve diagnosis and treatment. Clinical trials are also funded by governments to support companies in developing effective hyperthermia treatment for cancer.
Among regions, the market for hyperthermia treatment for cancer in North America is expected to remain dominant throughout the forecast. In 2016, the region’s market reached a valuation of US$ 39.4 Mn and anticipated to grow at a CAGR of 5.5% over the projection period.
This is majorly attributed to the presence of leading medical companies and healthcare organizations in the region. Meanwhile, the market in Asia-Pacific is set to witness the fastest CAGR of 7.2%. By the 2017-end, the region is projected to account for 10.0% revenue share of the market.
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PMR in its report has profiled some of the prominent players operating in the global market for hyperthermia treatment for cancer, which includes Andromedic Srl, Celsius42 GmbH, Haifu Medical Technology Co. Ltd., Hydrosun GmbH, Pyrexar Medical Inc., Yamamoto Vinita Co., Ltd, and Oncothermia. These companies are actively focusing towards launching technologically advanced products and also further develop distribution networks in order to strengthen their market position.
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