Particle Therapy Market Exclusive Report on the Latest Trends and Opportunities in the Market By 2030
Particle Therapy Market Highlights:
Particle Therapy are used for the treatment of
various type of cancer such as prostate cancer, lung cancer, pediatric cancer,
head and neck cancer, breast cancer, and others by using most advanced areas of
external beam radiation therapy.
The Particle Therapy Market is accounted for USD
790.45 million in 2017 and expected to register 9.1% CAGR during the forecast
period.
The increasing number of cancers affected
population, increasing adoption of particle therapy, and rising particle therapy market centres across the globe are the major factors
driving the growth of the global particle therapy market. Additionally,
increasing R&D spending and aggressive strategies adopted by the top
players are fuelling the growth of the market during forecast period. For
instance, according to report published by Particle Therapy Co-Operative Group,
in 2016, till 2014 around 1802 patients were treated with particle therapy.
Whereas, in United States, around 78,613 cancer patients were treated with
particle therapy till 2016.The high costs associated with establishments of centres
and lack of reimbursement policy are likely to hinder
market growth during the forecast period.
Regional Analysis:
The market is likely to dominate by Americas during
the forecast period owing to the increasing prevalence of cancer patients,
rising government focused on establishment of particle
therapy centres for treatment, and well-established healthcare sector in the
region. The European market is expected to be the second-largest due to
government funding and support of the healthcare sector, coupled with
increasing research and development. Moreover, the market in Asia-Pacific is
anticipated to be the fastest-growing during the forecast period owing to
technological development, increasing adoption of advance treatment from
developed countries, and favourable government initiatives for healthcare
facilities. The market in the Middle East & Africa is likely to account for
the smallest share of the global particle therapy market.
Segmentation:
The Global Particle Therapy Market has been segmented since type,
product & service, cancer type, system, and application. Based on type, the
market has been segmented into proton therapy and heavy ion therapy. The particle therapy market
report, by product and services, has been segmented into products and
services. Products are further classified into cyclotrons, synchrotrons, and
synchrocyclotrons. Based on cancer type, the market has been divided into
prostate cancer, lung cancer, pediatric cancer, head and neck cancer, brachytherapy
for breast cancer, and others. Based on system, market has been segmented into
multi-room systems and single-room systems. Based on application, the market
has been classified as treatment applications and research applications. The
pediatric cancer segment is expected to hold the largest market share of the
particle therapy market, by cancer type, during the forecast period. Also,
research applications to register the highest CAGR in the global particle
therapy market during the forecast period.
Particle Therapy Market Players
The global
particle therapy market players are Advanced Oncotherapy PLC., Danfysik A/S,
Hitachi, Ltd., Ion Beam Applications Sa (IBA), Mevion Medical Systems, Inc.,
Optivus Proton Therapy, Inc., Protom International, Inc., Provision Healthcare,
LLC, Sumitomo Heavy Industries, Ltd., Varian Medical Systems, Inc.
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