Radiation Therapy Equipment Market to Reach $3.9 Billion by 2015, According to New Report by Global Industry Analysts, Inc

Share Article

Global market for radiation therapy equipment is projected to reach $3.9 billion by 2015, driven by emerging demand from new economies such as Asia-Pacific, Eastern Europe, and Latin America, enhanced replacements, and surfacing of new applications.

Radiation Therapy Equipment: A Global Strategic Business Report

Cancer is a growing concern worldwide, with more than 12 million new cancer cases diagnosed each year. Radiation therapy is the leading non-surgical technique, utilized in the treatment of cancer patients. An aging population, increasing life expectancies, and rising incidence of cancer continue to enhance the demand for radiation therapy, globally. Further, technological advancements are driving the market for radiation therapy equipment, owing to the development of sophisticated screening methods that facilitate early cancer detection.

United States, Western Europe, and Japan dominate the worldwide radiation therapy equipment market with combined share exceeding 80%, as stated in a recent report published by Global Industry Analysts, Inc. Growth in the relatively mature markets would be driven by the advent of precise conformal technologies. Emerging markets of Asia-Pacific, Eastern Europe and Latin America hold vast opportunities for market participants, with growth expected stem from increased replacements and emergence of additional applications for the equipment. In Asia-Pacific, treatment planning systems market is estimated at US$54 million for 2008.

Radiation therapy market in the United States is expected to grow, riding on the enhanced adoption of new and advanced treatment methods such as IGRT and SRT (stereotactic radiation therapy), favorable reimbursement levels, and increasing competition among hospitals. Segment-wise, the market for linear accelerators in the United States is projected to reach US$750 million by 2010.

Cancer continues to be a major concern for public healthcare systems across Europe, primarily due to the rapidly aging population. Germany represents the single largest regional market for radiation therapy equipment in Europe, with sales projected to reach US$204.7 by 2010.
Worldwide radiation therapy market is extremely competitive, and is predominated by the presence of large and well-established players. Leading players profiled in the report include Elekta AB, Computerized Medical Systems, Nucletron B.V., Philips Healthcare, Siemens Healthcare, TomoTherapy Incorporated, and Varian Medical Systems.

The report titled "Radiation Therapy Equipment: A Global Strategic Business Report" published by Global Industry Analysts, Inc., reviews major market dynamics, trends, issues, and competition. The report enumerates recent product launches, mergers, acquisitions and other strategic industry activities. Product segments analyzed in the report include Linear Accelerators, Treatment Planning Systems, and Radiation Therapy Simulators. Analysis is presented for established and emerging markets including United States, Japan, France, Germany, United Kingdom, Italy, Asia-Pacific, and Latin America. Analytics are provides in US$ million for the period 2000-2015.

For more details of this research report, please visit http://www.strategyr.com/Radiation_Therapy_Equipment_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press@StrategyR.com
Web Site http://www.strategyr.com/

###

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Public Relations
Visit website