Improving the quality of life of cancer patients and survivors is becoming more important than the efficacy of treatments. Against the backdrop of health risks associated with prominent cancer treatment procedures such as chemotherapy, patients and oncologists are turning towards radiotherapy as the most soothing option in treatment of cancers. In the years to come, the global cancer incidence rate is expected to soar uncontrollably, particularly due to emergence of new complications arising from exposure of toxic materials. The demand for radiotherapy devices will continue to grow in parallel with the adoption of radiotherapy in treatment of cancers. Reduced hospital stay, effectively control over the growth of tumorous tissues, and low exposure to undue radiation are serving as proponents of using radiotherapy devices in oncological treatment of cancer. Going forward, the global market for radiotherapy devices is expected to witness higher participation of medical device manufacturers towards product innovation.
Radiotherapy devices are a wide range of medical devices used in radiation therapy. These devices can produce accurate amount of high-energy radiation, which is further delivered on targeted areas of the patient’s body. General characteristics of a radiotherapy device include emission of electrons, photons and other fast-moving subatomic particles, and the use of x-ray tubes to build contact between the device and the targeted area in the patient’s body.
The Fact.MR report on global market for radiotherapy devices projects that by the end of 2022, more than US$ 7 Bn worth of radiotherapy devices will be sold across the globe, reflecting an impressive market expansion at stellar CAGR.
By Product Type
By End User
Linear Accelerators Devices
Proton Therapy Devices
Ambulatory Surgical Centers
Oncological Treatment Centers
(Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)
High Demand for Linear Accelerator Devices
With continued advancements in medical technology, linear accelerator devices have emerged to become top-selling products in the global market for radiotherapy devices. Viewed as the most-advanced radiotherapy devices, linear accelerators produce radiation and deliver it precisely in critical procedures such as intensity modulated radiation therapy and intraoperative radiation therapy. In 2017, more than US$ 2 Bn worth of linear accelerators are expected to be sold in the global radiotherapy devices market.
Oncological Treatment Centers to Boost the use of Radiotherapy Devices
Increasing preference to radiotherapy for oncological treatment of cancers is expected to influence the end-use of radiotherapy devices in specialty centers. The report predicts that hospitals will remain the largest end-users of radiotherapy devices, and also projects a soaring rise in the end-use of radiotherapy devices across oncological treatment centers in the world. Against the background of high medical costs, adoption of radiotherapy devices becomes cost-effective for oncological treatment centers. In addition this, the demand for radiotherapy devices in oncological treatment of cancers is also expected to incur influence from advantage of radiotherapy in controlling the growth of carcinogenic cells & tissues. By the end of 2022, more than US$ 1.9 Bn worth of radiotherapy devices will be sold in the global market across oncological treatment centers.
Varian Medical Systems, Elekta AB, Accuray, Inc., C.R. Bard, Inc., IBA Ion Beam Applications SA, Koninklijke Philips N.V., Siemens AG, Eckert & Ziegler Bebig, IsoRay, Inc., GE Healthcare, Vision RT Ltd., RaySearch Laboratories AB, Theragenics Corp, Toshiba Medical Systems Corporation, AngioDynamics, Inc., Mitsubishi Electric Corporation, Shinva Medical Instrument Company Limited, and Neusoft Medical Systems Co., Ltd. are key companies that are expected to remain active in the expansion of global radiotherapy devices market through 2022.
Note: The insights mentioned here are of the respective analysts, and do not reflect the position of Fact.MR
Through technological advancements, radiotherapy devices have become more effective in oncological treatment & diagnosis ofl cancers. Medical professionals and cancer patients, both, are promoting the adoption of radiotherapy devices pertaining to their advantage in lowering hospital stay of patients and controlling the growth of cancerous tumors. This report offers a comprehensive overview on the growth of the global radiotherapy devices market till date, delivering key insights on how the market will expand during the forecast period, 2017-2022.
The scope of Fact.MR’s report is to analyze the global radiotherapy devices market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis. Medical device manufacturers, research institutes, and raw material suppliers in the global radiotherapy devices market can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and medical journals pertaining to radiotherapy devices.
The report commences with a brief information of the global radiotherapy devices market. This executive summary sets the tone for the rest of the report, providing users the scope of the report. The executive summary includes important facts and statistics on the global radiotherapy devices market.
The next section offers an overview of the global radiotherapy devices market. This comprises an introduction to the market, along with a standard definition of the product – radiotherapy device. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.
The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.
In order to offer readers with up-to-date information about the latest advancements in the global radiotherapy devices market, the report provides updates about market opportunities, which can benefit leading manufacturers of radiotherapy devices. With continuous evolution of the healthcare sector, keeping a record of latest developments and trends is fundamental for radiotherapy devices manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, safety regulations, pricing analysis, list of distributors, and cost structure are provided in this section.
As radiotherapy continues to gain traction for being the most coveted treatment on wide range of cancers, the global market for radiotherapy devices continues to expand exponentially. In order to analyze the vast scope of global radiotherapy devices market, the report has segmented the market into – product type, end-users and region. Through this segmentation, the report will also offer a country-wise forecast across all parameters associated with the radiotherapy devices market.
The report’s last section comprises of the global radiotherapy devices market competitive landscape, to provide readers with the dashboard view of company analysis and market players. This competitive intelligence is based on the providers’ categories across value chain, and their presence in the global radiotherapy devices market.
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