Radiation Oncology Market By Product Brachytherapy, External Beam Radiation Therapy, Systemic Beam Radiation Therapy and Others By Application Cervical Cancer, Prostate Cancer, Breast Cancer, Lung Cancer, Brain Cancer, Head and Neck Cancer and Others – Global Industry Analysis and Forecast to 2025
Industry Outlook and Trend Analysis
The Radiation Oncology Market has observed major development in the recent years and is anticipated to grow tremendously during the forecast period. Radiation oncology is a medicinal specialty that makes use of high vitality radiation, for example, X-rays, electrons for cancer treatment, gamma rays and protons. These high energy ionizing radiation damage nucleic acids through the development of responsive oxygen species and free radicals directly or indirectly. Radiation treatment can be utilized as a part of mix with surgery, immunotherapy, and chemotherapy. As per the estimation of National Cancer Institute, in the US, around 1.6 million new instances of growth are analyzed, and 595,690 individuals have passed on because of tumor in 2016.
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Drivers and Restraints
The radiation oncology market is developing because of expanding prevalence of cancer universally, expanding aged population, and progressions in technology. The high expense of instrument and treatment, reactions, and shortage of skilled specialists in developing nations are few of the components hampering the market development. The markets in developing nations are anticipated to develop quickly amid the figure time frame because of expanding social insurance spending, developing patient pool, and expanding medicinal services awareness among people in general. Growing cases of cancer and increasing demand for non-invasive procedures in developing countries are anticipated to boost the development of the radiation oncology market in the upcoming years.
Regional Outlook and Trend Analysis
North America drove worldwide market for radiation oncology with more than 40.0% share in 2016. This strength can be ascribed to cutting edge medicinal services foundation, high social insurance use, and more noteworthy research and development endeavors. Besides, Asia Pacific is anticipated to witness a lucrative CAGR over the estimate time frame. Ascend in aging populace, urbanization, and expanding wealth in low-and center wage nations like India and China have prompted provincial market development.
The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
Nordion Canada Inc
Varian Medical Systems
Mevion Medical Systems
C. R. Bard
Ion Beam Applications
The Radiation Oncology Market is segmented as follows-
Systemic Beam Radiation Therapy
External Beam Radiation Therapy
Compact Advanced Radiotherapy Systems
Electron-Emitting High-Energy Linear Accelerators
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Head and Neck Cancer
Rest of Europe
Rest of Asia-Pacific
Rest of South America
Middle East and Africa
Rest of MEA
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