Recent report published by research nester titled “Global Radiotherapy Market: Global Demand Analysis & Opportunity Outlook 2027″delivers detailed overview of the global radiotherapy market in terms of market segmentation by product type, by therapy type, by end-user and by regions.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The global radiotherapy market is segmented by product type into electron-emitting high-energy linear accelerators (LINAC), compact advanced radiotherapy systems, proton therapy, brachytherapy, systemic beam radiation therapy and others; by therapy type into external beam radiation therapy and internal beam radiation therapy; by end-user into hospitals, clinics, ambulatory surgical centers and others and by regions. The radiotherapy market is anticipated to mask a CAGR of 6.6% during the forecast period i.e. 2019-2027.
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Increasing healthcare expenditure on the back of growing disposable income, rapid technological advancements along with high prevalence of cancer is expected to drive the radiotherapy market significantly across the globe. Further, expanding healthcare infrastructure accompanied with rising R&D activities is expected to propel the radiotherapy market during the forecast period.
Further, Asia Pacific is expected to drive demand and positively impact the growth of the market on account of increasing health expenditure across the countries such as India, China, Japan and others along with a high prevalence rate of cancer across the region. According to the reports of WHO, 57.3% of the cancer deaths were reported across Asia in 2018.
High Prevalent Cancer Population
Rising number of present as well as geriatric population suffering from various types of cancers has been on a rise. The WHO reported that cancer was the second leading cause of death around the globe with an estimated 9.6 million deaths over the year 2018. It is estimated that around 1 in 6 deaths globally, occurs due to cancer. The International Agency for Research on Cancer (IARC) estimated that the global cancer burden rose to 18.1 million new cases in the year 2018.
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