Global Radiation Therapy in the Oncology Market (2021 to 2031) - Featuring Accuray, Elekta and General Electric Among Others - ResearchAndMarkets.com

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Radiation therapy in the oncology market is a treatment method to treat any type of cancer/tumor with the help of radiation.

Metadata
Provider: 
Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Lundi, août 9, 2021
Information
Tags: 
Radiology, Health, Oncology, Zap, CAGR, Diagnosis, Siemens, ICAD Inc., Hitachi, Cancer, Synchrocyclotron, HDR, Radiation, Industry, Proton, Growth, Patient, Varian Medical Systems, Synchrotron, Oncology, Safety, Photon, LINAC, General Electric Company, Cyclotron, Medical imaging, Pharmaceutical industry
Geotags: 
NORTH AMERICA, EUROPE
⚠generated by AI ↴
Résumé
Key Points: 
  • Radiation therapy in the oncology market is a treatment method to treat any type of cancer/tumor with the help of radiation.
  • The term 'radiation therapy' mostly refers to external beam radiation therapy, but it also means internal beam radiation therapy too.
  • What are the major market drivers, challenges, and opportunities in the global radiation therapy in oncology market?
  • What was the market value of the leading segments of the global radiation therapy in oncology market in 2020?


The "Global Radiation Therapy in the Oncology Market: Focus on Radiation Therapy Systems, Product Regulation, Key Strategies and Developments, Market Dynamics, 15 Company Profiles, and 12 Countries Data and Cross Segmentation - Analysis and Forecast, 2021-2031" report has been added to ResearchAndMarkets.com's offering.

The radiation therapy in oncology report highlights that the market was valued at $5,481.8 million in 2020 and is expected to reach $9,206.6 million by the end of 2031. The market is expected to grow at a CAGR of 5.0% during the forecast period from 2021 to 2031.

Radiation therapy in the oncology market is a treatment method to treat any type of cancer/tumor with the help of radiation. Radiation therapy uses radiation beams made of photons, protons, heavy-ions, and other particles. These radiation beams of intense energy are used to destroy or shrink cancer/tumor cells.

The term 'radiation therapy' mostly refers to external beam radiation therapy, but it also means internal beam radiation therapy too. The external beam radiation therapy is done with the help of a machine outside the patient's body that produces a high-energy radiation beam and then aims the beam to a localized precise point or area of treatment on the patient's body. Whereas internal beam radiation therapy is a method to place radiation (radioactive source) inside the patient's body.

The radiation therapy systems (machines) available in the market are, namely, linear accelerator (LINAC), cyclotrons, synchrotrons, synchrocyclotrons, and conventional and electronic brachytherapy systems.

Key Companies Profiled

Accuray Inc., Eckert & Ziegler AG, Elekta AB, General Electric Company, Hitachi Ltd., Ion Beam Applications SA, Koninklijke Philips N.V., Mevion Medical Systems Inc., TeamBest Group, Reflexion Medical Inc., Sensus Healthcare Inc., Varian Medical Systems Inc. (Siemens Healthineers AG), Xoft Inc. (iCAD Inc.), Xstrahl Inc., Zap Surgical Systems Ltd.

Key Questions Answered in the Report

  • Which are the consortiums in the radiation therapy market, and what is their role in the market?
  • How is the funding scenario in the radiation therapy market?
  • What are the major market drivers, challenges, and opportunities in the global radiation therapy in oncology market?
  • What is the market trend within the radiation therapy systems industry?
  • What was the market value of the leading segments of the global radiation therapy in oncology market in 2020?
  • How will the industry evolve during the forecast period 2021-2031?
  • What are the key developmental strategies implemented by the key players to sustain in the competitive market?
  • What is the current market share of each of the companies in the global radiation therapy in oncology market and what will be their contribution in 2031?
  • What is the growth potential of radiation therapy in oncology market in each region, including North America, Europe, Asia-Pacific, and Rest-of-the-World?
  • What are the key regulatory implications in developed and developing regions for radiation therapy systems and associated procedures?

Impact of COVID-19 on Radiation Therapy Market

The neoplastic patients were at concern with their need for timely diagnosis, treatment, and symptom palliation due to the pandemic lockdown. During the pandemic, there was an increased number of treatments for some cancers and on the other hand, some radiotherapy treatments fell significantly. The increase in the number of cancer treatments via radiation therapy was due to reduced surgical procedures, which lead the doctors to give radiation therapy as an alternative solution for the surgery.

In response to safety from the COVID-19 virus. professional bodies internationally issued guidance for cancer care. The suggestions were treatment omission or delay, utilizing radiation therapy to replace or to bridge to surgery, and use of short and high-daily-dose (HDR or hypo-fractionated) radiotherapy.

Market Dynamics

Growth Drivers

  • Rising Incidence and Prevalence of Neoplastic Patients and Elevating Geriatric Population
  • Rising Demand for Reduced Radiation Exposure During Radiotherapy
  • Technological Advancements in the Field of Radiotherapy

Challenges

  • High Cost of Radiotherapy Systems and their Associated Procedures
  • Highly Regulated Market due to the Use of Radiation

Opportunities

  • Development of Low-Cost Cancer Treatment Center
  • Implementation of Machine Learning in Radiotherapy Systems

Companies Mentioned

  • Accuray Inc.
  • Eckert & Ziegler AG
  • Elekta AB
  • General Electric Company
  • Hitachi, Ltd.
  • Ion Beam Applications SA
  • Koninklijke Philips N.V.
  • Mevion Medical Systems Inc.
  • Reflexion Medical Inc.
  • Sensus Healthcare Inc.
  • TeamBest Group
  • Varian Medical Systems Inc. (Siemens Healthineers AG)
  • Xoft Inc. (iCAD Inc.)
  • Xstrahl Inc.
  • Zap Surgical Systems Inc.

For more information about this report visit https://www.researchandmarkets.com/r/hafjxk

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