Market Overview:
The global proton radiotherapy system market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The market growth can be attributed to factors such as the increasing incidence of cancer, technological advancements in proton therapy systems, and rising demand for proton therapy in emerging countries. Based on type, the global proton radiotherapy system market is segmented into synchrotron system, cyclotron system, synchrocyclotron system, and others. The synchrotron systems segment is expected to account for the largest share of the global market in 2018 owing to its high efficiency and accuracy compared with other types of systems. Based on application, the global proton radiotherapy system market is segmented into hospitals, research institutes, and others. Hospitals are expected to account for the largest share of this market in 2018 owing to their large patient base and growing demand for advanced treatment options such as proton therapy.
Product Definition:
Proton radiotherapy is a type of radiation therapy that uses protons to treat cancer. Protons are positively charged particles that can be directed into tumors with great precision, minimizing the amount of healthy tissue that is damaged. This makes proton radiotherapy an especially effective treatment for certain types of cancer, such as tumors near sensitive structures like the brain or spinal cord.
Synchrotron System:
The global synchrotron system market size was valued at USD 1.8 billion in 2015 and is expected to grow at a CAGR of XX% over the forecast period. The increasing demand for advanced radiation therapy systems with higher accuracy, precision, and efficiency is one of the key factors driving growth in this sector.
Cyclotron System:
A cyclotron is a particle accelerator used for the production of high-energy particles. It works on the principle of accelerating charged particles to very high speed and then making them collision with other particles or atoms. The collisions cause radioactive transformations in various substances which are then collected and stored for future use.
The proton radiotherapy system market is segmented into technology, type, application & region and product & services.
Application Insights:
The hospital application segment accounted for the largest revenue share in 2017 and is anticipated to maintain its dominance over the forecast period. The growing number of hospitals offering proton therapy as an integral part of radiation oncology services is a key factor contributing towards market growth. Moreover, increasing government funding for cancer treatment centers that offer proton therapy will boost industry growth during the forecast period.
Increasing research activities undertaken by private institutions and research organizations in order to develop new applications and improve existing ones are expected to drive industry expansion over the coming years. For instance, Loma Linda University¢â‚¬â„¢s Center for Proton Therapy has been researching into novel ways of using protons to treat various cancers since its establishment in 2012; this includes looking into different types of colliding beams technology which has potential in treating brain tumors (CBT). Such initiatives taken by private institutions are expected to increase industry penetration across regional markets during the forecast period.
Regional Analysis:
North America dominated the global proton radiotherapy system market in 2017. This can be attributed to the presence of major players, high investment in R&D, and availability of advanced treatment options for cancer patients. The U.S., which is at the forefront of this region, has one of the highest per capita income levels coupled with a well-developed healthcare infrastructure that makes it an attractive market for medical tourism as well as research activities pertaining to nuclear medicine therapy. Asia Pacific is expected to grow at a lucrative rate over the forecast period owing to increasing awareness about proton therapy and its benefits along with growing economic stability within this region since Japan’s Fukushima Daiichi Nuclear Power Plant accident in 2011. Furthermore, China plans substantial expansion related to medical use of radiation resulting from favorable government policies promoting domestic production costs compared with imported products from other countries (such as Switzerland).
Growth Factors:
- Increasing incidence of cancer: The increasing incidence of cancer is the major growth driver for the proton radiotherapy system market. According to a study by the World Health Organization (WHO), an estimated 14 million new cases of cancer were diagnosed in 2012, and this number is expected to rise to 24 million by 2035. This will create a large demand for proton radiotherapy systems, as they are one of the most effective treatments for cancers.
- Technological advancements: The technological advancements in proton therapy systems are another major growth driver for this market. These advancements have led to the development of more compact and efficient systems that can be used in smaller clinics and hospitals. This is making proton therapy more accessible to patients, which is driving its demand worldwide.
- Rising healthcare expenditure: The rising healthcare expenditure is another key factor that is driving the growth of the proton radiotherapy system market globally. In developed countries such as UAS, Japan, and Germany, there has been a significant increase in healthcare spending over the past few years due to increased awareness about health issues and advances in medical technology .This is resulting in an increase in demand for advanced medical devices such as proton therapy systems., which are expensive investments .Thus ,the overall growth prospects fo rthe pr ot on radiation therap y sy stem mark et remain positive over th e co ming years . 4) Growing geriatric population: Another key factor that is fuelling t hegrowthofpro
Scope Of The Report
Report Attributes
Report Details
Report Title
Proton Radiotherapy System Market Research Report
By Type
Synchrotron System, Cyclotron System, Synchrocyclotron System, Others
By Application
Hospital, Research Institute, Other
By Companies
Ion Beam Applications S.A., Varian, Hitachi, Mevion Medical Systems, Sumitomo, ProNova
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
220
Number of Tables & Figures
154
Customization Available
Yes, the report can be customized as per your need.
Global Proton Radiotherapy System Market Report Segments:
The global Proton Radiotherapy System market is segmented on the basis of:
Types
Synchrotron System, Cyclotron System, Synchrocyclotron System, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Research Institute, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Ion Beam Applications S.A.
- Varian
- Hitachi
- Mevion Medical Systems
- Sumitomo
- ProNova
Highlights of The Proton Radiotherapy System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Synchrotron System
- Cyclotron System
- Synchrocyclotron System
- Others
- By Application:
- Hospital
- Research Institute
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Proton Radiotherapy System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
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- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A proton radiotherapy system is a type of radiation therapy that uses protons to treat cancer. Protons are smaller than electrons and travel faster through the body, which makes them more effective at killing cancer cells.
Some of the major players in the proton radiotherapy system market are Ion Beam Applications S.A., Varian, Hitachi, Mevion Medical Systems, Sumitomo, ProNova.
The proton radiotherapy system market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Proton Radiotherapy System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Proton Radiotherapy System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Proton Radiotherapy System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Proton Radiotherapy System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Proton Radiotherapy System Market Size & Forecast, 2020-2028
4.5.1 Proton Radiotherapy System Market Size and Y-o-Y Growth
4.5.2 Proton Radiotherapy System Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Synchrotron System
5.2.2 Cyclotron System
5.2.3 Synchrocyclotron System
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Research Institute
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Proton Radiotherapy System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Proton Radiotherapy System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Synchrotron System
9.6.2 Cyclotron System
9.6.3 Synchrocyclotron System
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Research Institute
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Synchrotron System
10.6.2 Cyclotron System
10.6.3 Synchrocyclotron System
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Research Institute
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Synchrotron System
11.6.2 Cyclotron System
11.6.3 Synchrocyclotron System
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Research Institute
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Synchrotron System
12.6.2 Cyclotron System
12.6.3 Synchrocyclotron System
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Research Institute
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Synchrotron System
13.6.2 Cyclotron System
13.6.3 Synchrocyclotron System
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Research Institute
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Proton Radiotherapy System Market: Competitive Dashboard
14.2 Global Proton Radiotherapy System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ion Beam Applications S.A.
14.3.2 Varian
14.3.3 Hitachi
14.3.4 Mevion Medical Systems
14.3.5 Sumitomo
14.3.6 ProNova
