The global IGRT market is expecting a healthy growth during the forecasted period. Increasing prevalence of cancer across the globe, increasing number of patients suffering from HIV, and increasing need for the better treatment drive the market growth. Moreover, increasing healthcare expenditure, government encouragement for research and high cost of the treatment may hamper the growth of this market over the assessment period 2017-2023.
MRIdian Linac, the world’s first and only clinical MRI guided radiation therapy system that can image and treat simultaneously with no additional imaging dose to the patient, is ViewRay’s latest breakthrough technology. The MRIdian Linac can provide continuous MR based soft-tissue imaging during linac-based radiation treatment.
The global IGRT market is expected to grow at a CAGR of 15.8% during the forecasted period.
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Some of the key players in image guided radiotherapy market are ViewRay (US), General Electric Company (US), Hitachi, Ltd. (Japan), Siemens AG (Germany), Koninklijke Philips N.V. (Netherland), TOSHIBA CORPORATION (Japan), Varian Medical Systems, Inc. (US), Vision RT Ltd. (UK), Scranton Gillette Communications (US), XinRay Systems (US), and C-RAD (Sweden).
ViewRay, Inc., designs, manufactures, and markets- radiation therapy systems. It offers MRIdian, a radiation therapy solution that enables treatment and real-time imaging of a patient’s anatomy simultaneously. MRIdian integrates MRI technology, radiation delivery, and proprietary software to locate, target, and track the position and shape of the soft-tissue tumors while radiation is being delivered.
Geographically, the global IGRT market is segmented into four major regions: the Americas, Europe, Asia Pacific, and the Middle East & Africa.
The Americas dominates the global IGRT market owing to the presence of huge cancer population and high healthcare spending. America is further segmented into North America and South America. North America holds the largest market owing to extensive use of advanced technology, increasing number of smart cancer centers, and developed pharmaceutical sector. Europe holds the second largest market due to government support, increasing funds, and increasing healthcare expenditure. Asia Pacific is the fastest growing market for the IGRT, whose growth is attributed to the rising population, rapid development in the pharmaceutical sector, and increasing government support. On the other hand, the Middle East & Africa is expected witness limited growth due to limited access to the technology and low healthcare expenditure.
The global image guided radiotherapy market is segmented on the basis of types, technology, devices, application, and end users.
On the basis of types, the market is segmented into soft-tissue imaging, lung MRI, simplifying cardiac MRI, simplifying MRI-conditional implant scans, and silent MRI scanning.
On the basis of technology, the market is segmented into radiation-based, non-radiation based systems, and others. Radiation-based system is further segmented into electronic portal imaging devices (EPID), cone beam CT, Fan beam, and others. Non-radiation based systems is further segmented into ultrasound-based systems, camera-based or optical tracking systems, MRI-guided IGRT, and others.
On the basis of devices, the market is segmented into X-ray computed tomography (CT), magnetic resonance imaging (MRI), positron emission tomography, and others. X-ray computed tomography market is further segmented into digital X-ray, computed tomography (CT), conventional CT, optical tracking, cone beam, MVCT, and others.
On the basis of end users, the market segmented in hospitals, smart cancer centers, research institutes, and others.
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1 Report Prologue
2 Market Introduction
2.2 Scope of the Study
2.2.1 Research Objective
3 Research Methodology
3.2 Primary Research
3.3 Secondary research
3.4 Market Size Estimation
4 Market Dynamics
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
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