Insights on the Proton Therapy Global Market to 2028 - Featuring Toshiba, Ion Beam Applications, Hitachi and Provision Healthcare Among Others - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 11, 2023--
The “Global Proton Therapy Market Size, Share & Industry Trends Analysis Report By Product Type, By Indication (CNS Cancer, Prostate Cancer, Head & Neck Cancer, Breast Cancer and Others), By End User, By Regional Outlook and Forecast, 2022 - 2028” report has been added to ResearchAndMarkets.com’s offering.
The Global Proton Therapy Market size is expected to reach $963.6 million by 2028, rising at a market growth of 12.5% CAGR during the forecast period.
Proton radiation devices are used in proton therapy, sometimes referred to as proton radiotherapy and proton beam therapy. Utilizing proton treatment, cancer cells are destroyed. In proton therapy, a beam of protons is directed towards the tumors using proton accelerators. Protons are ionized protons that damage cells’ DNA and cause cell death by interfering with it.
Equipment for proton therapy is expensive and takes up a lot of space. It includes electro-magnets, accelerators, gantries, nozzles, and patient rooms. High-energy beams are used in proton treatment, also known as proton radiation, to treat malignancies. A precise dose of high-energy radiation is kept inside the target tumor using this procedure.
The majority of the time, it is used in the treatment of malignant growth therapy. X-beam radiation is dissipated by protons, ensuring less damage to the surrounding healthy tissues. Radiation therapy called proton therapy is most frequently used to treat cancer. When compared to conventional radiation therapy, it offers important advantages in terms of effectiveness and limited side effects.
It is a simple, safe procedure that maintains patients’ happiness and enables them to quickly resume routine exercises. It enables medical professionals to administer full or greater therapy doses that completely eradicate the primary tumor spot without seriously harming surrounding healthy tissue or organs.
COVID-19 Impact Analysis
The COVID-19 pandemic has affected the medical equipment sector globally, especially particle treatment devices. The administration of particle treatment procedures during the COVID-19 pandemic varies greatly from location to region.
The temporary deferral of several elective surgeries is anticipated to affect the market for proton therapy as governments and authorities work to guarantee that resources are available for COVID-19 patients. It is predicted to increase the worldwide cancer burden. The delay in diagnosis and treatment procedures is to blame for this.
Market Growth Factors
Benefits of proton therapy compared to particle therapy
Proton treatment has seen considerable technological breakthroughs in recent years. These developments have aided manufacturers in creating less invasive, more effective, and regulated proton treatment systems that also cause less radiation exposure to healthy tissues and have fewer adverse effects. More precisely targets cancer cells and tumors. A less amount of energy is produced, and there is a smaller exit dose, lowering the possibility of harm to the nearby healthy tissues and organs.
Rising healthcare spending in developing nations
The increasing number and size of investments made in the healthcare sector by governments of various nations is one of the key drivers fuelling the market’s expansion. Due to their rapid economic growth and rising healthcare costs, it is projected that the availability of high-quality healthcare is expected to increase in several developing countries. This is regarded as a promising sign of growth for the proton therapy sector. The rising incidence of cancer in these countries has increased the need for various radiation therapies and equipment.
Marketing Restraining Factor:
Tumors are difficult to see during proton treatment operations
The inability to distinguish tumors from healthy normal tissue and to visualize them during proton treatment procedures is one of the biggest problems encountered. It becomes extremely challenging to only radiate the malignant protrusion without damaging the surrounding tissues, though, because tumors can change their structure regularly. Radiologists place a safety margin around the tumor to reduce this. Additionally, it becomes imperative to restrict the radiation dose range to reduce the harm to the adjacent healthy tissue, which raises the number of treatment cycles required to destroy tumorous cells.
Scope of the Study
Market Segments Covered in the Report:
By Product Type
- Beam Delivery System
- Beam Transport System
- Nozzle & Image Viewers
- Patient Positioning System
- CNS Cancer
- Prostate Cancer
- Head & Neck Cancer
- Breast Cancer
By End User
- Proton Therapy Centers
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Toshiba Corporation
- Siemens Healthineers AG (Siemens AG)
- Ion Beam Applications SA
- Hitachi, Ltd.
- Mirion Technologies, Inc.
- Mevion Medical Systems, Inc.
- Provision Healthcare
- Sumitomo Corporation
- Optivus Proton Therapy, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/x8h7sx
View source version on businesswire.com:https://www.businesswire.com/news/home/20230111005840/en/
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INDUSTRY KEYWORD: BIOTECHNOLOGY HEALTH ONCOLOGY
SOURCE: Research and Markets
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PUB: 01/11/2023 12:54 PM/DISC: 01/11/2023 12:55 PM