COVID-19 UPDATE: Global Proton Therapy Market Next Big Thing | Major Giants ProTom International; Hitachi, Ltd.; IBA Worldwide; Sumitomo Heavy Industries, Ltd.; Varian Medical Systems, Inc.
Global Proton Therapy Market has been providing up and changing the worldwide economy as far as growth rate, revenue, deal, market proposition, and scope. The Global Proton Therapy Market Consumption market report is an extensive analysis of this corporate field, which has been established to be one of the most profitable business verticals in futures. The Report specifies the complete estimate of Global Proton Therapy Market business terms, in addition to presenting a brief segmentation of the industry, the expansion opportunities, as well as Key region. Some are the key players taken under coverage for this study are IBA Worldwide; Sumitomo Heavy Industries, Ltd.; Varian Medical Systems, Inc.; Koninklijke Philips N.V.; Mitsubishi Electric Corporation and more
Global Proton Therapy Market is expected to rise from its initial estimated value of USD 1.13 billion in 2018 to a projected value of USD 3.56 billion by 2026, registering a CAGR of 15.34% in the forecast period of 2019-2026. This rise in market value can be attributed to growth of the population suffering from cancer.
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Global proton therapy market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of proton therapy market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Global Proton Therapy Market By Product (Equipment, Service), Type (Electron Beam, Proton Beam, Neutron Beam, Carbon Ion Beam, Alpha Particle Beam, Beta Particle Beam), Set-Up Systems (Single-Room Systems, Multi-Room Systems, Compact Systems), Indication (Pediatric Cancer, Pelvic Cancer, Sarcoma, Prostate Cancer, Lung Cancer, Bone & Soft Tissue Cancer, Gastro-Intestinal Cancer, Liver Cancer, Brain Tumor, Central Nervous System, Eye Cancer, Head & Neck Cancer, Others), End-User (Hospitals, Ambulatory Surgical Centers, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends & Forecast to 2026
Key Market Competitors:
Mevion Medical Systems; ProTom International; Hitachi, Ltd.; IBA Worldwide; Sumitomo Heavy Industries, Ltd.; Varian Medical Systems, Inc.; Koninklijke Philips N.V.; Mitsubishi Electric Corporation; Fermilab; Optivus Proton Therapy, Inc.; Elekta AB (pub); Advanced Oncotherapy; are few of the major competitors present in the market.
Market Definition: Global Proton Therapy Market
Proton therapy is a pharmaceutical technique which involves the treatment of cancerous cells and tumor, it involves the usage of radiation devices and focused radiation therapy along with accelerated protons which act as the radiation source. Through proton therapy, physicians can completely focus the radiation therapy on only the cancerous cells rather than damaging the healthy tissues and organs in close quarters of the targeted area.
Key Developments in the Market:
- In January 2019, Apollo Hospitals Enterprise Ltd. announced the launch of South Asia’s first proton therapy situated in Tamil Nadu, India. The center equipped with pencil-beam scanning technology offering which offers the highest precision of therapy.
- In September 2018, Hitachi, Ltd. announced that they had received an order from Tokushukai Medical Group for usage in Shonan Kamakura Advanced Medical Center for Hitachi’s compact proton therapy system. The dedicated system is expected to be completed by September 2020.
- In January 2018, Hitachi, Ltd. announced that they had received US FDA 510(k) clearance for their commercialization of “Real Time Image Gating System for Proton Beam Therapy Systems”. This clearance will allow for patients in United States to be treated with cutting-edge motion management and enhanced Spot Scanning identification technology.
- Increasing investments and funding for advancements in technologies of treatment in cancer treatments as well as increasing the establishment of proton therapy centers; this factor is expected to act as a driver for the market growth
- Innovations and advancements in the therapeutic systems of cancer treatments and advancements in proton therapy product offerings; this factor is expected to act as a driver for the market growth
- Requirement of large funds initially for establishing and usage of proton therapy is expected to restrain the market growth
Some of the Major Highlights of TOC covers:
Chapter 1: Methodology & Scope
Definition and forecast parameters
Methodology and forecast parameters
Chapter 2: Executive Summary
Chapter 3: Industry Insights
Technological and innovation landscape
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- The latest developments, market shares, and strategies that are employed by the major market players
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