(PharmaNewsWire.Com, October 01, 2018 ) Market Overview: In the year 2018, The Global Radiotherapy Market was valued at USD 6.12 Billion. By the year 2023, it is predicted to reach USD 8.19 Billion with pace of 6% CAGR. Radiotherapy, is also called as radiation therapy, is utilized for cancer patients to cure cancer by destroying the cancer cells and reducing the size of tumors. X-rays, gamma rays, and charged particles are generally used radiations during radiotherapy. According to the National Cancer Institute, around 50% of the cancer patients prefer radiation therapy among others.
Growing number of cancer cases and technological advancements in the specific field are estimated to drive the market.
Factors affecting market growth: • Growing number of elderly population. (+) • Technological developments in radiotherapy products. (+) • Increasing risk of cancer cases throughout the world. (+) • Growing symposiums powerful investments in radiotherapy. (+) • Increment in acceptance of radiotherapy devices and procedures will mainly drive the radiotherapy market. (+) • Lack of sufficient infrastructure and skilled professionals are restraining the market. (-)
North America leads the Global Radiotherapy Market. Market Segmentation Global Radiotherapy Market is segmented on the basis of geography • North America • Europe • Asia Pacific • Latin America • Middle East and Africa
North America region is accounted for major share of the market globally. Asia Pacific region is estimated be growing at quicker pace in forecasted period with highest CAGR due to increasing cancer cases development in medical care facilities.
Key players: The major shareholders of the Global Radiotherapy Market include Mitsubishi Electric Corporation (Japan), Accuray Incorporated (U.S.), Elekta AB (Sweden), IsoRay Medical Inc. (U.S.), Varian Medical Systems Inc. (U.S.), Mevion Medical Systems Inc. (U.S.), C. R. Bard Inc. (U.S.), Ion Beam Applications SA (Belgium), RaySearch Laboratories AB (Sweden), and Nordion Inc. (Canada).
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