Global Image-Guided Radiation Therapy Market, By Type (Soft-Tissue Imaging, Lung MRI, Simplifying Cardiac MRI, Simplifying MRI-Conditional Implant Scans, Silent MRI Scanning, Others), Application (Prostate Cancer, Breast Cancer, Lung Cancer, Head & Neck Cancer, Colorectal Cancer, Others), Technology (Radiation-Based System, Non-Radiation Based System, Others), Devices (X-Ray CT, MRI, PET, Others), End-Users (Hospitals, Smart Cancer Centers, Research Institutes, Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
The image-guided radiation 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 the CAGR of 11.05% in the forecast period of 2021 to 2028. The increasing prevalence of chronic diseases such as cancer is escalating the growth of image-guided radiation therapy market.
Image-guided radiation therapy refers to a technology which is utilized to visually guide and focus the radiation therapy on a particular and precise target. The targeted area is known as the tumor or cancerous cells present in the human body and the rest of the area of healthy tissue is left untouched. Traditional radiotherapy systems consist of 2D images of the human body whereas with this method 3D visual aids are generally presented helping in enhancing the focus and delivering effective treatment results.
The rising pervasiveness of malignant growth and developing interest for cutting edge treatments, growing incidences of cancer and rapid improvement in the disease treatment and high morbidity and mortality worldwide are the major factors driving the image-guided radiation therapy market. The expansion of human services, government support for research and improvement and continuously rising demand for the better cancer treatment accelerate the image-guided radiation therapy market growth. The high utilization of therapy in the pre-treatment and treatment that prompts an activity that can improve or check the precision of radiotherapy, increasing number of research and development activities and rise in demand for advanced therapies influence the image-guided radiation therapy market. Additionally, aging population, patent expiry of leading drugs, public awareness about various diseases and treatment options, increasing investment and surge in healthcare expenditure positively affect the image-guided radiation therapy market. Furthermore, technological advancement in the imaging techniques extends profitable opportunities to the image-guided radiation therapy market players in the forecast period of 2021 to 2028.
On the other hand, high cost associated with the treatment and complications and harms associated with this course of treatment such as damage caused to the surrounding tissue bodies that are in close proximity of the tumor are expected to obstruct the image-guided radiation therapy market growth. The moderation in the symptoms of the treatment is projected to challenge the image-guided radiation therapy market in the forecast period of 2021 to 2028.
This image-guided radiation therapy market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on image-guided radiation therapy market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Image-Guided Radiation Therapy Market Scope and Market Size
The image-guided radiation therapy market is segmented on the basis of type, application, devices, technology and end-users. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of type, the image-guided radiation therapy market is segmented into soft-tissue imaging, lung MRI, simplifying cardiac MRI, simplifying MRI-conditional implant scans, silent MRI scanning and others.
- On the basis of application, the image-guided radiation therapy market is segmented into prostate cancer, breast cancer, lung cancer, head and neck cancer, colorectal cancer and others.
- On the basis of technology, the image-guided radiation therapy market is segmented into radiation-based system, non-radiation based system and others.
- On the basis of devices, the image-guided radiation therapy market is segmented into X-Ray CT, MRI, PET and others.
- On the basis of end-users, the image-guided radiation therapy market is segmented into hospitals, smart cancer centers, research institutes and others.
Global Image-Guided Radiation Therapy Market Country Level Analysis
The image-guided radiation therapy market is analyzed and market size insights and trends are provided by country, type, application, devices, technology and end-users as referenced above.
The countries covered in the global image-guided radiation therapy market report are the 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 image-guided radiation therapy market because of the enhanced healthcare infrastructure, quick adoption of advanced radiation therapies and technological advancements, growing geriatric population base and rising cases of chronic diseases. Asia-Pacific is expected witness the fastest growth during the forecast period of 2021 to 2028 because of the increasing cases of target diseases, geriatric population and improving healthcare infrastructure.
The country section of the image-guided radiation therapy market 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 consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis 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 domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The image-guided radiation therapy market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for image-guided radiation therapy market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the image-guided radiation therapy market. The data is available for historic period 2011-2019.
Competitive Landscape and Image-Guided Radiation Therapy Market Share Analysis
The image-guided radiation therapy market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to image-guided radiation therapy market.
The major players covered in the image-guided radiation therapy market report are GENERAL ELECTRIC COMPANY, Hitachi, Ltd., Vision RT Ltd, XinRay Systems, Siemens Healthcare GmbH, C-RAD, Varian Medical Systems, Inc., Koninklijke Philips N.V., TOSHIBA CORPORATION, VIEWRAY TECHNOLOGIES, INC., Elekta AB, Accuray Incorporated, IBA Worldwide, BD, Isoray Inc. and Mevion Medical Systems among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.