Radiation therapy or radiotherapy is therapy using ionizing radiation, generally as part of cancer treatment to control or kill malignant cells and normally delivered by a linear accelerator. Radiation therapy may be curative in a number of types of cancer if they are localized to one area of the body. It may also be used as part of adjuvant therapy, to prevent tumor recurrence after surgery to remove a primary malignant tumor (for example, early stages of breast cancer). Radiation therapy is synergistic with chemotherapy, and has been used before, during, and after chemotherapy in susceptible cancers. The subspecialty of oncology concerned with radiotherapy is called radiation oncology.
The global radiotherapy market is driven by factors such as increasing number of cancer patients and untapped market in some emerging countries. Rapidly changing cancer treatment technology and emerging healthy reimbursement plans will also act as drivers for the global radiotherapy market.
Global external beam therapy holds the maximum share of the global radiotherapy market, followed by internal radiotherapy devices and systemic radiotherapy market. North America is the biggest market for radiotherapy devices. The market in Europe and Asia Pacific also holds immense growth opportunities owing to development in Eastern Europe, India and China.
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Some factors inhibiting the growth of the global radiotherapy market are lack of adequate infrastructure, healthcare expenditure, and lack of adequate skills and training. Alternative treatment procedures will also limit the growth of the global radiotherapy market.
Major Industry Player’s
Varian Medical Systems, Elekta, GE Healthcare, Siemens, Ion Beam Applications, Philips, C.R. Bard, Accuray, Mevion Medical Systems, RaySearch Laboratories, Toshiba Medical Systems,Eckert & Ziegler Bebig, Vision RT, Theragenics, IsoRay
The most important requirement necessitating the development of improved and increasingly accurate radiation therapy is the need to accurately hit only the affected tumor using the radiation beam and avoid damaging the surrounding tissue. Image Guided Radiotherapy is the result of research which has gone into integrating better imaging techniques to facilitate clearer visualization of the cancer tumor(s). Further improvements in the imaging of tumors for radiotherapy applications is the major driver expected to fuel the growth of this market throughout the coming decade.
Market Segment by Regions, regional analysis covers
- North America (United States, Canada and Mexico)
- Europe (Germany, France, UK, Russia and Italy)
- Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
- South America (Brazil, Argentina, Colombia)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
External Beam Radiotherapy Devices, Internal Beam Radiotherapy Devices
Market Segment by Applications, can be divided into
- Prostate Cancer
- Breast Cancer
- Lung Cancer
- Cervical Cancer
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