In this Proton Therapy market report, industry trends have been explained on the macro level which makes it possible to summarize the market landscape and probable future issues. The report analyses and estimates general market drivers in the form of consumer demand, government policy and demand which are related to consumer buying pattern and thereby market growth and development. This market research report contains thorough analysis of market and numerous related factors that range from market drivers, market restraints, market segmentation, opportunities, challenges, and market revenues to competitive analysis. Proton Therapy report is also useful when launching a new product or expanding the business regionally or globally.
The proton therapy market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 6.45% in the forecast period of 2021 to 2028 and is expected to reach USD 1,823.85 million by 2028. The rising number of proton therapy centres is anticipated to propel the growth of the market.
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Market Overview:
The proton therapy is the most precise and accurate radiation therapy which utilizes the energy of proton particles for killing the cancerous cells or the desired cell at particular location. The major limitations of photon therapy or other particle therapy are overcome by the proton therapy. The advancement in technology has increased the adoption of proton therapy for the treatment of various cancers across globe.
The presence of cancer causing virus and faulty genes adds on to the burden of cancer among people. Thus, the increased prevalence of cancer acts as driver for the growth of the proton therapy market. The high cost of proton therapy leading to high cost treatment acts as a restraint for the growth of the proton therapy market. The increased awareness is reflected due to the surging research and development in the area leading to increased amount of clinical data coming up showcasing the benefits of proton therapy treatment. Thus, the growing recognition of proton therapy acts as an opportunity for the growth of the proton therapy market. The expensive treatment as compared to other technologies acts as restraint for its growth in the proton therapy market.
The major players covered in the proton therapy market report are Varian Medical Systems, Inc., Protom International, Mevion Medical Systems, Sun Nuclear Corporation, Provision Healthcare, Hitachi, Ltd., Sumitomo Heavy Industries, Ltd., Koninklijke Philips N.V., IBA Worldwide, Elekta AB, Optivus Proton Therapy, Inc., Advanced Oncotherapy, GE Healthcare (A subsidiary of General Electric Company), Best Cyclotron Systems, Inc., RaySearch Laboratories and PerMedics, Inc.among others DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many product launches and agreements are also initiated by the companies’ worldwide which are also accelerating the proton therapy market.
Proton Therapy Market Country Level Analysis
The proton therapy market is analysed and market size information is provided by country, product type, component, type, set-up systems, application type and end user as referenced above.
The countries covered in the proton therapy market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the proton therapy market in the U.S. because of the increasing prevalence of cancer. The U.S. is leading the growth of the North American region due to increasing diagnostics rates. U.K is dominating the European market due to the presence of major players like IBA Worldwide in the country. Meanwhile, China is dominating in the Asia-Pacific region due to the higher aging population and awareness among the public which has anticipated driving the growth of the proton therapy market.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
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Highlights of TOC:
Chapter 1: Market overview
Chapter 2: Global Proton Therapy Market
Chapter 3: Regional analysis of the Global Proton Therapy Market industry
Chapter 4: Proton Therapy Market segmentation based on types and applications
Chapter 5: Revenue analysis based on types and applications
Chapter 6: Market share
Chapter 7: Competitive Landscape
Chapter 8: Drivers, Restraints, Challenges, and Opportunities
Chapter 9: Gross Margin and Price Analysis
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