(PharmaNewsWire.Com, February 23, 2017 ) According to the report Asia-Pacific Radiotherapy Market by Type, by Application, by Equipment Type and by Region - Industry Analysis, Size, Share, Growth, Trends, and Forecasts (20162021), published by Market Data Forecast, the global market is projected to reach USD 1,591.7 Million by 2021, at a CAGR of 6.82% from 2016 to 2021.
Asia-Pacific radiotherapy market is expected to observe highest growth rate during the forecast period owing to a number of factors comprising refining healthcare infrastructure and supportive government activities.
In the present global state where number of people bearing with different types of cancer is on the growth, the applications of new and upgraded as well as conventional forms of radiotherapy are enormous.The supreme important necessity requiring the development of improved and progressively precise radiation therapy is the requirement to exactly hit only the affected tumour using the radiation beam and avoid harming the surrounding tissue.
Increase in number of elderly population, technological innovations in radiotherapy products,rising conferences driving investments in radiotherapy, growing incidence of cancer incidences and mountingacceptance of radiotherapy devices and procedures will majorly drive the radiotherapy market.Though, the absence of trained personnel to perform the therapy, practiced alternative therapy, its incapability to be used for metastasis state of cancer and side effects associated with the treatment restrained the market growth.
Nordion Inc. (Canada), RaySearch Laboratories AB (Sweden), Ion Beam Applications SA (Belgium), C. R. Bard Inc. (U.S.), Mevion Medical Systems Inc. (U.S.), Varian Medical Systems Inc. (U.S.), IsoRay Medical Inc. (U.S.),Elekta AB (Sweden), Accuray Incorporated (U.S.), and Mitsubishi Electric Corporation (Japan) are the key players in the radiotherapy market.
The Radiotherapy market study offers the following deliverables:
Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analysing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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