The global radiation therapy market is anticipated to achieve growth with rising government funding for treating cancer. Increase in the number of geriatrics could be another factor swelling the demand for radiation therapy in the near future. A report by Transparency Market Research (TMR) digs deep into important growth factors of the market and how the competitive landscape could shape in the coming years. It is titled “Radiation Therapy Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025.” Rising awareness about cancer and growing incidence of the disease across the world could also improve the demand in the market.
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The world radiation therapy market could be segregated according to end user and type of therapy. On the basis of end user, the market is expected to be classified into ambulatory surgical centers, clinics, and hospitals. With respect to therapy type, there could be segments such as systematic, internal, and external-beam radiation therapies worth studying. The market for internal radiation therapy could be further divided into high and low dose rate treatments. External-beam radiation therapy, on the other hand, could see a sub-division into proton therapy, tomotherapy, image-guided radiation therapy (IGRT), intensity-modulated radiation therapy (IMRT), and 3-dimensional conformal radiation therapy (3D-CRT).
By region, the international radiation therapy market is projected to witness North America securing a larger share in the foreseeable future. This could be on account of the presence of developed countries, significant count of patients leading unhealthy lifestyles, and technological developments in the region. Europe could also offer strong growth opportunities in the market riding on the back of increasing alcohol consumption and rising research and development on cancer treatment. Improving healthcare expenditure could prove to be effective for the growth of the global market in Asia Pacific.
The international radiation therapy market testifies the presence of leading players such as Mevion Medical Systems, Mitsubishi Electric Corporation, and Varian Medical Systems, Inc