Global Radiotherapy Market Overview:
Radiotherapy is one of the therapies which is used to treat severe cancers in human body. This therapy is processed by targeting cancer affected areas of the body with high energy rays usually x-rays. Radiotherapy is the most practiced way of cancer cure treatment over the globe. Increasing technological advancements in radiotherapy equipment and growing cases of cancer are boosting the market for Radiotherapy market globally. The Global Radiotherapy Market was valued at USD 6.8 billion in 2017 and is estimated to reach USD 9.2 billion by 2022 with a CAGR of 6.4%.
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Drivers and Restraints:
Global Radiotherapy Market is estimated to grow in forecasted period owing to supporting factors such as increasing cancer cases around the world, increasing awareness towards radiotherapy, growing facilities for cancer care, and technological advancements in the radiotherapy field. Government’s support for the treatment of cancer and flexible reimbursement policies for cancer treatment are also supporting the market growth. There are still some factors such as side effects of radiotherapy and lack of skilled professionals in this sector. However, growing disposable incomes and per capita incomes of developing cam impact the market growth significantly.
Global Radiotherapy Market primarily segmented into Europe, North America, Latin America, Middle East & Africa and Asia Pacific regions. North America region is leading the market with highest share in global radiotherapy market owing to actors such as increasing cancer cases and technological developments. Europe region is trailing right behind North America in terms of market share. Asia Pacific region is estimated to be the fastest growing region with increased CAGR in forecasted period due to supporting factors such as adaption of radiotherapy in cancer care, and increasing cancer cases in the region.
Key Player of Global Radiotherapy Market:
The leading companies in the Global Radiotherapy Market are Elekta AB (Sweden), Varian Medical Systems, Inc. (U.S.), Mitsubishi Electric Corporation (Japan), Mevion Medical Systems, Inc. (U.S.), RaySearch Laboratories (Sweden), Isoray Medical, Inc. (U.S.), C. R. Bard, Inc. (U.S.), Nordion, Inc. (Canada), Ion Beam Applications (IBA) (Belgium), and Accuray Incorporated (U.S.).
Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
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