Global Proton Therapy Market Size By Indication (CNS Cancer, Breast Cancer), By Product Type (Accelerator, Patient Positioning System), By End User (Hospitals, Proton Therapy Centers), By Geographic Scope And Forecast
Report ID: 289616|No. of Pages: 202
Global Proton Therapy Market Size By Indication (CNS Cancer, Breast Cancer), By Product Type (Accelerator, Patient Positioning System), By End User (Hospitals, Proton Therapy Centers), By Geographic Scope And Forecast
Proton Therapy Market Size And Forecast
Proton Therapy Market size was valued at USD 452.33 Million in 2021 and is projected to reach USD 1,916.32 Million by 2030, growing at a CAGR of 17.4% from 2023 to 2030.
Proton therapy is increasingly being used in the health care industry due to the development of new technologies, rising demand from patients for the therapy, and rising incidence of chronic diseases like cancer. These factors, along with improvements in therapy efficiency, accuracy, and precision, as well as the ability to stop the spread of cancerous cells to nearby tissues, all contribute to the industry’s expansion. The market is growing as a result of increased market participants’ investments in proton treatment development as well as ongoing research and development. Increased customer acquisition of proton treatment due to rising ailments and increased proton therapy availability both contribute to the market’s growth.
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Global Proton Therapy Market Definition
Proton therapy is a form of radiation therapy that uses beams of positively charged particles, called protons, to treat cancer and other medical conditions. Unlike traditional forms of radiation therapy that use X-rays, proton therapy delivers a precise, targeted dose of radiation to the tumor site, minimizing exposure to surrounding healthy tissue. This can result in fewer side effects and a lower risk of long-term damage. The proton beam is generated by a particle accelerator and is precisely aimed at the tumor site, where it releases its energy in a highly controlled way.
This allows for the delivery of higher doses of radiation to the tumor, which can be more effective in destroying the cancer cells while reducing the risk of damage to surrounding healthy tissue. Proton therapy is used to treat a variety of cancers, including brain tumors, lung cancer, prostate cancer, and certain pediatric cancers. It may also be used to treat conditions such as eye tumors, spinal tumors, and certain types of liver tumors.
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Global Proton Therapy Market Overview
Significant growth in the Proton Therapy Market due to an increase in cancer disorders among the population, changing lifestyles, changing dietary habits, and increased demands from the medical sector due to an increase in the number of patients and increased radiation therapies for eradication of cancerous cells and prevention of virus widespread. Improved modern technologies in the development of the Proton Therapy Market with increased therapeutic efficiency and results aid to drive the Proton Therapy Market throughout the forecast period.
Furthermore, advanced technologies in proton therapy with enhanced benefits of proton therapy such as increased accuracy, precision, and control of the radiations involved in proton therapy with decreased side effects of proton therapy and rising market demand with increased utilization in pediatric patients. Increased acquisition of proton treatment in treating pediatric patients with lower costs of proton therapy involved treating pediatric patients with fewer side effects helps to grow the market of proton therapy with increased market revenue share. However, proton therapy is used to treat cancer, and updated technology in proton treatment has boosted accuracy, precision, and efficiency.
This has increased the cost of proton therapy, which may impede the market for proton therapy by reducing customer demand for proton therapy. Proton Therapy Market with declining revenue share and growth. Nonetheless, the rapid acceptance of advanced developed technologies with increasing healthcare facilities increasing investment in the medical sector, along with rising demands from patients due to increasing chronic conditions such as cancer aid to boost the market of proton therapy during the projected period with the region’s developing economy and increased focus on new advancements with higher efficiency of the proton therapy in the market.
Global Proton Therapy Market: Segmentation Analysis
The Global Proton Therapy Market is Segmented on the basis of Indication, Product Type, End User, and Geography.
Proton Therapy Market, By Indication
- CNS Cancer
- Breast Cancer
- Head and Neck Cancer
- Prostate Cancer
- Others
Based on Indication, the market is segmented into CNS Cancer, Breast Cancer, Head and Neck Cancer, Prostate Cancer, and Others. Because of the rise in CNS cancer prevalence and the favorable government laws on CNS cancer therapies, the central nervous system cancer sector is anticipated to account for the biggest market share. Because breast cancer is becoming more common and medical professionals are favoring more advanced treatments, the market for proton therapy for breast cancer is anticipated to develop at the quickest rate over the forecast period.
Proton Therapy Market, By Product Type
- Accelerator
- Patient Positioning System
- Beam Transport System
- Nozzle and Image Viewers
- Beam Delivery System
Based on Product Type, the market is segmented into Accelerator, Patient Positioning System, Beam Transport System, Nozzle and Image Viewers, and Beam Delivery System. The accelerator dominates the Proton Therapy Market segment with the greatest share owing to the growth of proton therapy and quick customer adoption as a result of the rising number of cancer patients and the cost-effectiveness of proton therapy.
Proton Therapy Market, By End User
- Hospitals
- Proton Therapy Centers
- Others
Based on End User, the market is segmented into Hospitals, Proton Therapy Centers, and Others. The hospital segment holds the largest market share due to increased customer demands, an increase in cancer disease patients, and an increase in government regulations requiring reimbursement. Additionally, the expansion of healthcare center infrastructure and the installation of advanced technologies in hospitals are both contributing to the market’s expansion to a greater extent.
Proton Therapy Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the world
On the basis of Geography, the Global Proton Therapy Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Geographically, North America has the biggest market share due to the region’s improved facilities, rising prevalence of chronic diseases among the populace, expanding patient volume, and shifting dietary and lifestyle trends, all of which will help the Proton Therapy Market grow over the coming years. Furthermore, as professionals’ abilities rose and government funding increased, new, cutting-edge technology emerged on the market that could be installed in healthcare facilities and integrated with advances in proton treatment.
Key Players
The “Global Proton Therapy Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as IBA Worldwide, Hitachi Ltd., Mevion Medical Systems Inc., Optivus Proton Therapy Inc., Toshiba Medical Systems Corporation, Panacea, Varian Medical Systems Inc., Elekta AB, ProTom International Inc., Provision Healthcare.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Key Developments
- In July 2022, The Thompson Cancer Survival Center, the health system’s comprehensive oncology service line, now offers a new treatment option owing to Covenant Health, one of the leading integrated healthcare delivery systems, which recently acquired Provision CARES Proton Therapy Center in Knoxville. The health system’s goal of enhancing the quality of life in the area through improved health would be furthered by this acquisition. The service would continue to be offered to cancer patients in the area thanks to this investment.
- In March 2022, to assist IBA’s clients with their proton treatment design and construction projects, Tractebel, a global engineering business, and IBA (Ion Beam Applications S.A.), one of the industry’s top players in particle accelerator technology, have established a partnership. According to the terms of the agreement, IBA would recommend Tractebel’s consulting services to potential clients for the planning and development of their proton therapy facilities. Tractebel’s expertise in providing consulting, training, and engineering services for intricate healthcare activities would be a useful addition to IBA’s customer offering and aid clients in the building process. Additionally, co-marketing initiatives and expanded service packages would be made available to IBA’s clients to give them more in-depth information about proton therapy building projects and Tractebel’s experience.
Ace Matrix Analysis
The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.
Market Attractiveness
The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Proton Therapy Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.
Porter’s Five Forces
The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Proton Therapy Market, gauge the attractiveness of a certain sector, and assess investment possibilities.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2018-2030 |
| BASE YEAR | 2021 |
| FORECAST PERIOD | 2023-2030 |
| HISTORICAL PERIOD | 2018-2020 |
| UNIT | Value (USD Million) |
| KEY COMPANIES PROFILED | IBA Worldwide, Hitachi Ltd., Mevion Medical Systems Inc., Optivus Proton Therapy Inc., Toshiba Medical Systems Corporation, Panacea, and Varian Medical Systems Inc. |
| SEGMENTS COVERED | By Indication, By Product Type, By End User, And By Geography |
| CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope |
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• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
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Industry Analysis Matrix
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