New York, NY, Jan. 09, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Particle Therapy Market by Type (Heavy Ion Therapy and Proton Therapy), by System (Single-Room and Multi-Room), by Product (Cyclotrons, Synchrocyclotrons, and Synchrotrons), by Cancer Type (Pediatric Cancer, Breast Cancer, Prostate Cancer, Head and Neck Cancer, Lung Cancer, and Others), and by Application (Research Applications and Treatment Applications): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017—2024”. According to the report, the global particle therapy market was valued at approximately USD 770 million in 2017 and is expected to generate around USD 1439 million by 2024, at a CAGR of around 9.5% between 2018 and 2024.
Particle therapy uses rays of charged positive ions, neutrons, or protons for cancer treatment. Particle therapy is a revolutionary domain of external beam radiotherapy, which combines research in physics and its application in the field of oncology. It has the potential to cure some short and long-term complications. The non-invasive characteristic of particle therapy is a major advantage that can result in more patients receiving the treatment. Carbon ion beams are most often used for treating cancer. Proton therapy is the most popular type of particle therapy. It uses proton beams to irradiate affected tissue. Proton therapy employs ionizing radiation. A particle accelerator is used in proton therapy to aim tumors with proton beams.
Browse through 149 Tables & 36 Figures spread over 110 Pages and in-depth TOC on “Global Particle Therapy Market: Type, Size, Share, Trends, Analysis and Forecast 2017—2024”.
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Increasing incidences of cancer, rising use of particle therapy in clinical trials, multiple advantages of particle therapy, the growing number of particle therapy hubs globally, increasing usage of tobacco in some regions, rising per capita healthcare expenditure, and increasing geriatric population are likely to be the growth drivers of the global particle therapy market. Rising worldwide awareness regarding particle therapy and increasing investments by major players are likely to create new growth opportunities for the market players. However, challenges faced by the healthcare sector regarding infrastructure, accessibility, affordability of treatments, restricted insurance cover for particle therapy, and unfavorable reimbursement policies might restrict the particle therapy market globally in the future.
The global particle therapy market is segmented based on type, system, product, cancer type, and application. By type, this market includes heavy ion therapy and proton therapy. By system, the market includes single-room and multi-room systems. By product, the market includes cyclotrons, synchrocyclotrons, and synchrotrons. By cancer type, this market includes pediatric cancer, breast cancer, prostate cancer, head and neck cancer, lung cancer, and others. By application, this market includes research applications and treatment applications.
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The Asia Pacific is likely to dominate the global particle therapy in the near future. China, Japan, and India are the prominent contributors of this regional particle therapy market. This is due to the growing healthcare expenditure, the rising number of initiatives for promotion of latest particle therapy usage, and high occurrences of cancer. Moreover, the upsurge in government funding related to healthcare and increased use of tobacco are likely to further stimulate the growth of this regional particle therapy market in the years ahead.
North America will be the second largest market in the near future. At the country level, the U.S. is leading this region’s particle therapy market and is likely to register the highest CAGR in the estimated timeframe. This growth can be attributed to the key technological advancements related to particle therapy, availability of advanced treatment, adoption of the latest diagnostic technologies, and high per capita healthcare expenditure.
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The European particle therapy market is anticipated to grow rapidly over the estimated timeframe, owing to the availability of the latest healthcare infrastructure, increasing geriatric population, the presence of favorable reimbursement scenario, and growing cancer prevalence in the region.
The Latin American region is likely to register moderate growth over the estimated period, due to rising insurance facilities and increasing per capita healthcare expenditure.
Browse the full “Particle Therapy Market by Type (Heavy Ion Therapy and Proton Therapy), by System (Single-Room and Multi-Room), by Product (Cyclotrons, Synchrocyclotrons, and Synchrotrons), by Cancer Type (Pediatric Cancer, Breast Cancer, Prostate Cancer, Head and Neck Cancer, Lung Cancer, and Others), and by Application (Research Applications and Treatment Applications): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017—2024 ” Report at https://www.zionmarketresearch.com/report/particle-therapy-market
The Middle Eastern and African particle therapy market is anticipated to demonstrate restricted growth in the years ahead, due to the absence of advanced infrastructure facility and the lack of awareness regarding particle therapy.
Some key players of the particle therapy market include Varian Medical Systems, Inc., Ion Beam Applications SA, Hitachi, Ltd., Mevion Medical Systems, Inc., Provision Healthcare, Sumitomo Heavy Industries, Ltd., ProTom International, Inc., Optivus Proton Therapy, Inc., Danfysik A/S, and Advanced Oncotherapy Plc, among others.
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This report segments the global particle therapy market into:
Global Particle Therapy Market: By Type
- Heavy Ion Therapy
- Proton Therapy
Global Particle Therapy Market: By System
- Single-Room Systems
- Multi-Room Systems
Global Particle Therapy Market: By Product
- Cyclotrons
- Synchrocyclotrons
- Synchrotrons
Global Particle Therapy Market: By Cancer Type
- Pediatric Cancer
- Breast Cancer
- Prostate Cancer
- Head and Neck Cancer
- Lung Cancer
- Others
Global Particle Therapy Market: By Application
- Research Applications
- Treatment Applications
Global Particle Therapy Market: By Region
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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