Radiotherapy Market Worth 9.3 Billion USD By 2024: Industry Research Analysis With Top Key Players Analysis Varian Medical Systems, Elekta AB, Accuray, CIVCO Medical Solutions And More

Global radiotherapy market is predictable to reach USD 9.3 billion by 2024
The major factors driving the growth of this market are rising incidence of cancer, increasing acceptance of adaptive radiation therapy (ART), growing pool of geriatric population and increasing number of cancer treatment facilities. These factors increase the demand for radiotherapy devices. On the other hand, high cost of radiotherapy equipments and lack of skilled professionals may hinder the growth of the market.

Global radiotherapy market is predictable to reach USD 9.3 billion by 2024 from USD 5.2 billion in 2016, at a CAGR of 7.5% in the forecast period 2017 to 2024. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024. Beam radiotherapy market has the largest market segment in radiotherapy market.

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The global radiotherapy market is highly concentrated to a big player and rest to local players who cater to domestic markets only. Varian Medical Systems, Inc. dominated the radiotherapy market accounting for a highest market share in 2016. Other players in this market include Elekta AB, Accuray, Inc., CIVCO Medical Solutions, Brainlab AG, C. R. Bard, Inc., IsoRay Medical, Inc., Nordion, Inc., RaySearch Laboratories AB, PRECISIS AG, Mevion Medical Systems, Inc., Technicas Radiofiscas S.L., Hitachi, Ltd., Sumitomo Heavy Industries, Ltd., Mitsubishi Electric Corporation, ProNova Solutions, LLC, ProTom International.

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Varian Medical Systems, Inc.:

Founded in 1948 as Varian Medical Systems, Inc. and head quartered in California, U.S. is a provider of radiotherapy, proton therapy and brachytherapy. Varian also supplies X-ray imaging components for medical, scientific, cargo screening and industrial applications. Varian operates through two business segments: oncology systems and imaging components.

Recent developments:

  1. In October 2016, Varian Medical Systems, Inc. and McKesson Specialty Health announced a strategic agreement for the distribution and servicing of Varian advanced radiotherapy equipment and software over a three period across “The US Oncology Network” and “Vantage Oncology” affiliated sites of care.

 

  1. In October 2016, Varian Medical Systems, Inc. announced the launch of first of its kind 360 Oncology care management platform, the first software system designed to integrate and coordinate key elements of cancer so patients and their cancer teams can collaborate on achieving the best outcomes.

Elekta AB:

Founded in 1972 and headquartered in Stockholm, Sweden by Lars Leksell and Laurent Leksell. Elekta is a provider of human care, which specialises in the treatment of cancers and brain disorders. It provides oncologists, radiation therapists, neurosurgeons, and other medical specialists with the aid of clinical solutions and tools.

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Recent Developments:

  1. In December 2016, Elekta, Stockholm’s County Council and New Karolinska Solna (NKS) have signed a 13-year collaboration agreement which focuses on innovation, joint research and education and training within advanced radiation therapy.
  2. In March 2016, Elekta announced the strategic partnership with Genesis care where, the later will acquire Elekta’s Leksell Gamma Knife Icon radiosurgery systems, Versa HD linear accelerators, brachytherapy systems, software as well as services. These products and solutions will be acquired by Genesis Care cancer treatment centres in Australia, the UK and new markets.

Accuray:

Accuray, Inc. is the premier radiation oncology company which develops, manufactures and sells personalized treatment solutions such as the cyberKnife and tomotherapy systems, which are designed to deliver radiosurgery, stereotactic body radiation therapy, intensity modulated radiation therapy, image-guided radiation therapy and adaptive radiation therapy. The cyberKnife system is designed to combine continual image guidance technology with a compact linear accelerator, or linac, which has the ability to move in three dimensions according to the treatment plan. The tomotherapy system operates on a ring gantry and combines integrated computed tomography, or CT, imaging with intensity modulated radiation therapy, which is designed to deliver radiation treatments with speed and precision while reducing radiation exposure to surrounding healthy tissue. Accuray was founded by John R. Adler in 1990 and is headquartered in Sunnyvale, CA.

Recent Developments:

  1. In August 2016, Accuray announced the CE approval of Radixact Treatment Delivery System, Accuray Precision Treatment Planning System and iDMS Data Management System in Europe.
  2. In June 2016, Accuray Incorporated announced today it has received 510(k) clearance from the U.S. Food and Drug Administration (FDA) for its Radixact Treatment Delivery Platform. Accuray also received 510(k) clearance for its new treatment planning and data management systems, Accuray Precision Treatment Planning System and iDMS Data Management System.

Global Radiotherapy Market Key Drivers: 

Some of the major factors driving the market for radiotherapy market are increasing patient pool for cancer, increasing ageing population, increase in out-patient cancer facilities and increasing demand for better radiotherapy equipments and replacement of out dated products. One of the major factors for growth of these devices is owing to unmet needs of radiotherapy infrastructure in emerging and developed economies.

  • Regulatory scenario and the high cost of radiotherapy are the factors which may hinder the growth of this market.
  • Many companies are increasingly focusing on radiotherapy devices in order to strengthen their product portfolios in the radiotherapy market.
  • Increment in patient mindfulness levels with respect to early infection diagnostics will drive the market in future.

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TABLE OF CONTENTS GLOBAL RADIOTHERAPY MARKET

1. INTRODUCTION

 

1.1. OVERVIEW OF GLOBAL RADIOTHERAPY MARKET

1.1.1. CURRENCY AND PRICING

1.1.2. LIMITATION

1.1.3. MARKETS COVERED

 

2. MARKET SEGMENTATION

 

2.1. MARKETS COVERED

2.2. GEOGRAPHIC SCOPE

2.3. YEARS CONSIDERED FOR THE STUDY

2.4. CURRENCY AND PRICING

2.5. RESEARCH METHODOLOGY

2.6. PRIMARY INTERVIEWS WITH KEY OPINION LEADERS

2.7. SECONDARY SOURCES

2.8. ASSUMPTIONS

 

3. MARKET OVERVIEW

 

3.1. DRIVERS

 

3.1.1. GROWING PREVALENCE OF CANCER

3.1.2. RISING AGEING POPULATION

3.1.3. UNHEALTHY LIFESTYLE

3.1.4. MERGERS AND ACQUISITIONS TO EXPAND BUSINESS

 

3.2. RESTRAINTS

 

3.2.1. REGULATORY SCENARIO

3.2.2. HIGH COST OF RADIOTHERAPY

 

3.3. OPPORTUNITIES

 

3.3.1. GROWING MEDICAL TOURISM IN ASIA

3.3.2. EMERGING MARKET

 

3.4. CHALLENGES

 

3.4.1. SIDE-EFFECTS OF RADIOTHERAPY

3.4.2. REQUIREMENT OF TRAINED STAFF

 

4. EXECUTIVE SUMMARY

 

5. PREMIUM INSIGHTS

 

6. GLOBAL RADIOTHERAPY MARKET, BY THERAPY TYPE

 

6.1. OVERVIEW

6.2. BEAM RADIOTHERAPY, BY THERAPY TYPE

6.3. BRACHYTHERAPY, BY THERAPY TYPE

 

7. GLOBAL RADIOTHERAPY MARKET, BY PRODUCT TYPE

 

7.1. OVERVIEW

7.2. GLOBAL EXTERNAL BEAM RADIOTHERAPY MARKET, BY PRODUCT TYPE

7.3. GLOBAL INTERNAL BEAM RADIOTHERAPY MARKET, BY PRODUCT TYPE

7.4. GLOBAL RADIOTHERAPY SOFTWARES MARKET, BY PRODUCT TYPE

 

8. GLOBAL RADIOTHERAPY MARKET, BY INDICATION

 

8.1. OVERVIEW

 

9. GLOBAL RADIOTHERAPY MARKET, BY GEOGRAPHY

 

9.1. OVERVIEW

 

9.2. NORTH AMERICA RADIOTHERAPY MARKET SNAPSHOT: 2016

 

9.2.1. U.S. RADIOTHERAPY MARKET

9.2.2. CANADA RADIOTHERAPY MARKET

9.2.3. MEXICO RADIOTHERAPY MARKET

 

9.3. EUROPE RADIOTHERAPY MARKET

 

9.3.1. GERMANY RADIOTHERAPY MARKET

9.3.2. FRANCE RADIOTHERAPY MARKET

9.3.3. U.K. RADIOTHERAPY MARKET

9.3.4. SWITZERLAND RADIOTHERAPY MARKET

9.3.5. ITALY RADIOTHERAPY MARKET

9.3.6. RUSSIA RADIOTHERAPY MARKET

9.3.7. NETHERLANDS RADIOTHERAPY MARKET

9.3.8. SPAIN RADIOTHERAPY MARKET

9.3.9. BELGIUM RADIOTHERAPY MARKET

9.3.10. TURKEY RADIOTHERAPY MARKET

 

9.4. APAC RADIOTHERAPY MARKET SNAPSHOT: 2016

 

9.4.1. JAPAN RADIOTHERAPY MARKET

9.4.2. CHINA RADIOTHERAPY MARKET

9.4.3. INDIA RADIOTHERAPY MARKET

9.4.4. SOUTH KOREA RADIOTHERAPY MARKET

9.4.5. AUSTRALIA RADIOTHERAPY MARKET

9.4.6. THAILAND RADIOTHERAPY MARKET

9.4.7. MALAYSIA RADIOTHERAPY MARKET

9.4.8. INDONESIA RADIOTHERAPY MARKET

9.4.9. SINGAPORERADIOTHERAPY MARKET

9.4.10. PHILIPPINES RADIOTHERAPY MARKET

 

9.5. SOUTH AMERICA RADIOTHERAPY MARKET SNAPSHOT: 2016

 

9.5.1. BRAZIL RADIOTHERAPY MARKET

 

9.6. MEA RADIOTHERAPY MARKET SNAPSHOT: 2016

 

9.6.1. SAUDI ARABIA RADIOTHERAPY MARKET

 

10. GLOBAL RADIOTHERAPY MARKET, COMPANY SHARE

 

10.1. COMPANY SHARE ANALYSIS: GLOBAL

10.2. COMPANY SHARE ANALYSIS: NORTH AMERICA

10.3. COMPANY SHARE ANALYSIS: EUROPE

10.4. COMPANY SHARE ANALYSIS: ASIA PACIFIC

 

11. COMPANY PROFILES

 

11.1. VARIAN MEDICAL SYSTEMS, INC.

 

11.1.1. COMPANY OVERVIEW

 

11.1.2. SWOT (STRENGTH, WEAKNESS, OPPORTUNITIES AND THREATS)

 

11.1.3. DRIVERS EXPLAINED

 

11.1.3.1. DIVERSE PRODUCT PORTFOLIO:

11.1.3.2. STRONG RESEARCH AND DEVELOPMENT CAPABILITIES:

 

11.1.4. WEAKNESSES EXPLAINED

 

11.1.4.1. DEPENDENCE ON LIMITED NUMBER OF SUPPLIERS:

 

11.1.5. OPPURTUNITIES EXPLAINED

 

11.1.5.1. VARIAN COULD EXPAND ITS POSITION WITH IMAGING COMPONENTS BUSINESS’ SPIN-OFF:

11.1.5.2. ACQUISITIONS LIKELY TO ENHANCE VARIAN’S ONCOLOGY AND IMAGING BUSINESSES:

11.1.5.3. EXPANSION IN OPERATIONS IN THE U.S.:

11.1.5.4. INCREASING INCIDENCE OF CANCER TO DRIVE GLOBAL RADIATION THERAPY EQUIPMENT MARKET:

 

11.1.6. THREATS EXPLAINED

 

11.1.6.1. INTENSE COMPETITION COULD AFFECT VARIAN’S MARKET SHARE AND RESULTS OF OPERATION:

11.1.6.2. INCREASING MEDICAL COSTS IN CANCER TREATMENT AND CARE: 259

 

11.1.7. REVENUE ANALYSIS

 

11.1.8. PRODUCT PORTFOLIO

 

11.1.9. RECENT DEVELOPMENTS

 

11.1.10. DATA BRIDGE ANALYSIS

 

11.2. ELEKTA AB

 

11.2.1. COMPANY OVERVIEW

11.2.2. REVENUE ANALYSIS

11.2.3. PRODUCT PORTFOLIO

11.2.4. RECENT DEVELOPMENTS

11.2.5. DATA BRIDGE ANALYSIS

 

11.3. NANOBIOTIX

 

11.3.1. COMPANY OVERVIEW

11.3.2. REVENUE ANALYSIS

11.3.3. PRODUCT PORTFOLIO

11.3.4. RECENT DEVELOPMENTS

11.3.5. DATA BRIDGE ANALYSIS

 

11.4. ACCURAY, INC.

 

11.4.1. COMPANY OVERVIEW

11.4.2. REVENUE ANALYSIS

11.4.3. PRODUCT PORTFOLIO

11.4.4. RECENT DEVELOPMENTS

 

11.5. BRAINLAB AG

 

11.5.1. COMPANY OVERVIEW

 

11.5.2. SWOT (STRENGTH, WEAKNESS, OPPORTUNITIES AND THREATS)

 

11.5.3. DRIVERS EXPLAINED

 

11.5.3.1. STRONG PARTNER NETWORK:

11.5.3.2. ESTABLISHED PRESENCE IN MARKETS:

 

11.5.4. WEAKNESSES EXPLAINED

 

11.5.4.1. PRODUCT SAFETY CONCERNS:

 

11.5.5. OPPURTUNITIES EXPLAINED

 

11.5.5.1. STRATEGIC INITIATIVES:

 

11.5.6. THREATS EXPLAINED

 

11.5.6.1. RAPID TECHNOLOGICAL CHANGES:

11.5.6.2. STRINGENT GOVERNMENT REGULATIONS:

 

11.5.7. REVENUE ANALYSIS

 

11.5.8. PRODUCT PORTFOLIO

 

11.5.9. RECENT DEVELOPMENTS

 

11.6. ION BEAM APPLICATIONS SA

 

11.6.1. COMPANY OVERVIEW

11.6.2. REVENUE ANALYSIS

11.6.3. PRODUCT PORTFOLIO

11.6.4. RECENT DEVELOPMENTS

 

11.7. MEVION MEDICAL SYSTEMS, INC.

 

11.7.1. COMPANY OVERVIEW

11.7.2. REVENUE ANALYSIS

11.7.3. PRODUCT PORTFOLIO

11.7.4. RECENT DEVELOPMENTS

 

11.8. ISORAY MEDICAL, INC.

 

11.8.1. COMPANY OVERVIEW

11.8.2. REVENUE ANALYSIS

11.8.3. PRODUCT PORTFOLIO

11.8.4. RECENT DEVELOPMENTS

 

11.9. NORDION (CANADA) INC.

 

11.9.1. COMPANY OVERVIEW

 

11.9.2. SWOT (STRENGTH, WEAKNESS, OPPORTUNITIES AND THREATS)

 

11.9.3. DRIVERS EXPLAINED

 

11.9.3.1. ESTABLISHED PRESENCE IN GAMMA IRRADIATION INDUSTRY:

 

11.9.4. WEAKNESSES EXPLAINED

 

11.9.4.1. RADIATION EXPOSURE CLAIMS AND OTHER DISPUTES:

 

11.9.5. OPPURTUNITIES EXPLAINED

 

11.9.5.1. STRATEGIC INITIATIVES:

 

11.9.6. THREATS EXPLAINED

 

11.9.6.1. RAPID TECHNOLOGICAL CHANGES:

11.9.6.2. STRINGENT GOVERNMENT REGULATIONS:

11.9.6.3. STIFF COMPETITION:

 

11.9.7. REVENUE ANALYSIS

 

11.9.8. PRODUCT PORTFOLIO

 

11.9.9. RECENT DEVELOPMENTS

 

11.10. RAYSEARCH LABORATORIES AB

 

11.10.1. COMPANY OVERVIEW

11.10.2. REVENUE ANALYSIS

11.10.3. PRODUCT PORTFOLIO

11.10.4. RECENT DEVELOPMENTS

 

11.11. PRECISIS AG

 

11.11.1. COMPANY OVERVIEW

11.11.2. REVENUE ANALYSIS

11.11.3. PRODUCT PORTFOLIO

11.11.4. RECENT DEVELOPMENTS

 

12. RELATED REPORTS

Read more about the Global Radiotherapy Market Landscape: http://databridgemarketresearch.com/reports/global-radiotherapy-market/

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Report Access: http://databridgemarketresearch.com/reports/europe-radiotherapy-market/

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