Radiotherapy Market Growth Raise by Rising Prevalence of Cancer with a Noteworthy CAGR during 2019-2027
“Radiotherapy Market: Global Demand Analysis & Opportunity Outlook 2027”
The global radiotherapy market is segmented by product type into electron-emitting high-energy linear accelerators (LINAC), compact advanced radiotherapy systems, proton therapy, brachytherapy, systemic beam radiation therapy and others; by therapy type into external beam radiation therapy and internal beam radiation therapy; by end-user into hospitals, clinics, ambulatory surgical centers and others and by regions. The radiotherapy market is anticipated to mask a CAGR of 6.6% during the forecast period i.e. 2019-2027.
With a well-developed healthcare sector across the region, North America radiotherapy market is panned to observe substantial growth due to 21.0% of cancer incidence rate across the region as per reported by WHO. The market in Europe is expected to induce a budding growth on the back of high cancer incidence rates contributing to 23.4% of the global incidences with a low patient density across the region as reported by the World Health Organization.
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High Prevalent Cancer Population
Rising number of present as well as geriatric population suffering from various types of cancers has been on a rise. The WHO reported that cancer was the second leading cause of death around the globe with an estimated 9.6 million deaths over the year 2018. It is estimated that around 1 in 6 deaths globally, occurs due to cancer. The International Agency for Research on Cancer (IARC) estimated that the global cancer burden rose to 18.1 million new cases in the year 2018.
However, the side effects of radiation therapy can range from dry mouth, mouth and gum sores, difficulty while swallowing, stiffness in the jaw, nausea, hair loss to diarrhea, rectal bleeding, lowered sperm counts, changes in menstruation, infertility and others. These factors are estimated to restrain the growth of radiotherapy market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global radiotherapy market which includes company profiling of Vision RT Ltd., Shenzhen GeneMDx Biotech. Co., Ltd., IntraOp Medical, Inc., Eckert & Ziegler, Theragenics Corporation, C.R. Bard, Inc., Varian Medical Systems, Inc., Accuray Incorporated, Nordion, Inc., IsoRay, Inc. and other prominent players.
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