Global Radiotherapy Market is Growing at a Significant Rate in the Forecast Period 2017-2024

Global Radiotherapy Market is expected to reach USD 9.3 billion by 2024 from USD 5.2 billion in 2016, at a CAGR of 7.5% in the forecast period 2017 to 2024. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.Varian Medical Systems, Inc.Is Driving The Market For Global Radiotherapy Delivery MarketReport Access: http://databridgemarketresearch.com/reports/global-radiotherapy-market/

Segmentation: Global Radiotherapy Market

Global Radiotherapy Market By Therapy (Beam Radiotherapy (IGRT, IMRT, VMAT, Tomotherapy, 3D CRT, Proton Beam, Stereotactic), Brachytherapy (LDR, HDR), Systemic Radiotherapy), By Product Type (CyberKnife, Gammaknife, LINAC, Proton Beam, Systemic Radiotherapy, Seeds, Afterloaders), By Indication (Prostate & Breast Cancer)), By Geography (North America, Europe, Asia Pacific, South America, Rest of the World)– Industry Trends and Forecast to 2024

Drivers: Global Radiotherapy Market

Some of the major factors driving theradiotherapy market are rising incidence of cancer, increasing acceptance of adaptive radiation therapy (ART), growing pool of geriatric population and increasing number of cancer treatment facilities. Also,increase in out-patient cancer facilities, increasing demand for better radiotherapy equipments, replacement of out dated products and increasing influx of government and private funding for radiotherapy technology are driving the growth of the radiotherapy market.

GROWING PREVALENCE OF CANCER

In recent years, the prevalence of cancer across the globe has increased considerably over a period of time. The rapidly increasing prevalence of cancer and the subsequent rise in chronic conditions are major factors driving the demand radiotherapy devices.

RISING AGING POPULATION

With increasing age, the patient pool for chronic disease is rising which includes the growth of cancer cases among the older population. Since, cancer incidence is increasing exponentially with advancing age, it is expected to affect the older population which will impact the growth of the older cancer patient pool.

UNHEALTHY LIFESTYLE

A lifestyle is simply defined as the way people live their life, it is the way people spend their day. Nowadays, people's way of life is changing drastically. The unhealthy lifestyle includes physical inactivity, alcohol abuse, smoking, unhealthy diets among others. The unhealthy lifestyle is one of the factors driving the market for radiotherapy.

MERGERS AND ACQUISITIONS TO EXPAND BUSINESS

Companies dealing in radiotherapy have been leveraging mergers and acquisitions, internal R&Dand new partnership to expand their business in other regions, especially in promising emerging market also to increase their radiotherapy market size and to grab the opportunity of radiotherapy in market.

Major Players: Global Radiotherapy Market

Some of the major players operating in this market are Varian Medical Systems, Inc. Elekta AB, Accuray, Inc., CIVCO Medical Solutions, Brainlab AG, C. R. Bard, Inc., IsoRay Medical, Inc., Nordion, Inc., RaySearch Laboratories AB, PRECISIS AG, Mevion Medical Systems, Inc., TechnicasRadiofiscas S.L., Hitachi, Ltd., Sumitomo Heavy Industries, Ltd., Mitsubishi Electric Corporation, ProNova Solutions, LLC, ProTom International.

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