Particle Therapy Market: Industry Status, Sales Outlook, Supply-Demand Analysis 2019-2028
Particle therapy is a programmed cell death that eliminates the old cells, unnecessary cells, and unhealthy cells without releasing harmful substances into the surrounding area. Particle therapy is an external beam radiation therapy that uses high-energy protons, neutrons, or positive ion for cancer treatment. The method of particle therapy is to target tumors by high energy ionized particles. These particles damage the DNA of target tissue cells and eventually cause them to death, thus the cancer cells are particularly vulnerable to attack due to reduced ability to repair damaged DNA. The global particle therapy market revenue is expected to expand at a lucrative CAGR over the forecast period.
Rising demand for particle therapy, owing to its advantages such as high degree of precision, shorter duration of treatment, and lower side-effects is expected to be a major factor driving revenue growth of the target market over the forecast period.
The global particle therapy market has been segmented on the basis of therapy type, component type, system, cancer type, application, and region. On the basis of therapy type, the target market has been segmented into proton therapy, heavy ion therapy, and fast-neutron therapy. The proton therapy segment is expected to hold major share in terms of revenue in the target market over the forecast period. On the basis of component type, the target market has been segmented into products and services. The products segment is further sub-segmented into cyclotrons, synchrotrons, and synchrocyclotrons. The synchrotrons segment is projected to witness highest growth rate in the target market over the forecast period.
On the basis of system, the target market has been segmented into multi-room systems and single-room systems. On the basis of cancer type, the target market has been segmented into prostate cancer, breast cancer, lung cancer, head and neck cancer, and other cancers. The other cancers segment further bifurcated into lymphoma, spine cancer, pancreatic cancer, brain cancer, skin cancer, etc. On the basis of application, the target market has been segmented into treatment application, and research application. The treatment application segment is anticipated to register for highest revenue share in the target market in the next coming years.
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On the basis of region, the global particle therapy market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America particle therapy market accounts for highest revenue share in the target market and expected to dominate its presence over the forecast period. The market in the Asia Pacific is anticipated to register significant growth in terms of revenue in the target market over the forecast period.
Key players operating in the global particle therapy market include Varian Medical Systems, Inc., Ion Beam Applications SA (IBA), Mevion Medical Systems, Inc., Provision Healthcare, LLC, Sumitomo Heavy Industries, Ltd., Hitachi, Ltd., Optivus Proton Therapy, Inc., ProTom International, Inc., Advanced Oncotherapy plc, and Danfysik A/S.
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