DUBLIN--(BUSINESS WIRE)--The "Global Radiation Oncology Market Trends and Drivers, Restraints, and Opportunities 2018-2024" report has been added to ResearchAndMarkets.com's offering.
The Global Radiation Oncology market is estimated to witness a CAGR of 6.7% during the forecast period 2018-2024
The radiation oncology market is booming due to increasing incidences of cancer globally, increasing elderly population, and technological advancements. The high cost of instrument and therapy, side effects, and lack of trained technicians in developing countries are few of the factors hampering the market growth. The markets in emerging countries are expected to grow rapidly during the forecast period due to increasing healthcare spending, growing patient pool, and increasing healthcare awareness among the public.
The market, by therapy type, is segmented into external beam radiation therapy, internal beam radiation therapy, and systemic radiation therapy. External beam radiation therapy occupied the largest share in 2017 due to its high usability, and it is a highly effective treatment for various cancer types such as prostate cancer (that can cure up to 95% of cases). External beam radiation therapy is further segmented by technology and products. The technologies include IGRT, IMRT, VMAT, SBRT, SRS, IMPT, and others. Various products include linear accelerators and proton therapy systems among others.
The market, by application, is segmented into prostate cancer, cervical cancer, breast cancer, lung cancer, head & neck cancer, brain cancer, and others. Prostate cancer occupies the largest market share and is expected to be the fastest growing segment during the forecast period.
The market, by end-users, is segmented into hospitals, radiation therapy centers, ambulatory service centers, and others. Hospitals occupied a significant share of the radiation oncology market in 2016, and this trend is expected to continue for the next 5 years.
Market Dynamics
Drivers
- Growing incidence of cancer globally
- Advancement in technology
Opportunities
- Growing elderly population
- Increasing adoption of non-invasive procedures in emerging countries
Restraints
- Lack of trained technicians in developing countries
- Side effects
- High cost of instrument and therapy
Key Topics Covered:
1. Industry Outlook
2. Report Outline
3. Market Snapshot
4. Market Outlook
5. Market Characteristics
6. Therapy type: Market Size and Analysis
7. Application: Market Size and Analysis
8. End Users: Market Size and Analysis
9. Regions: Market Size and Analysis
10. Competitive Landscape
11. Vendor Profiles
- Accuray Incorporated
- Elekta
- Varian Medical Systems
- C. R. Bard, Inc.
- IBA worldwide
12. Companies to Watch For
- CARL ZEISS MEDITEC AG
- Mevion Medical Systems
- Nordion, Inc.
- IsoRay, Inc.
- Hitachi Medical Corporation
- ViewRay, Inc.
For more information about this report visit https://www.researchandmarkets.com/research/xwjnrx/global_radiation?w=4
