Proton Therapy Market Size, Share and Analysis, Forecast 2019-2027

 

Proton Therapy market 

Proton therapy, also known as proton radiotherapy, treats tumours with high-energy beams. The method entails delivering a precise dose of high energy radiation to the target tumour. It is widely used in cancer treatment. Protons scatter less than other types of x-ray radiation, causing less damage to healthy tissues in the surrounding area.

The rising cancer prevalence is expected to drive growth in the global proton therapy market over the forecast period. According to the World Health Organization, approximately 18.1 million new cancer cases and 9.6 million deaths occurred worldwide in 2018. Furthermore, the growing number of healthcare facilities offering proton therapy is expected to aid in market growth. For example, the Illinois Health Facilities and Services Review Board approved OSF HealthCare's plan to build a cancer care centre with proton-beam therapy in February 2020.

Proton Therapy Market to Surpass US$ 4,494.0 Million by 2027. The high cost of Proton Therapy is expected to stifle market growth. Proton therapy, for example, costs between $30,000 and $120,000 USD. Furthermore, proton therapy devices are much larger in size and necessitate a larger space with designated areas. The setup cost is separate from the device cost, which raises investment and limits market growth.

The introduction of Proton Therapy in emerging economies is expected to provide lucrative growth opportunities for market players. Proton Therapy is currently available in major developed countries such as Switzerland, Austria, the United States, China, Denmark, Japan, the Netherlands, and Russia. As a result, market participants can concentrate on expanding their presence in emerging economies. Furthermore, the development of compact machines is expected to aid in market growth. Proton Therapy devices currently on the market necessitate a large amount of space for installation. As a result, market participants can concentrate on reducing the size of all parts in Proton Therapy devices.

The market's major players are concentrating their efforts on expanding their presence in emerging economies. Ion Beam Applications S.A., for example, signed a contract in February 2020 to install a ProteusONE compact Proton Therapy solution at the RSPAD Gatot Soebroto Presidential Hospital in Jakarta, Indonesia. The market is seeing an increase in the number of standalone Proton Therapy centres being built. For example, in March 2020, Stantec, a design and construction firm, delivered a new Proton Therapy medical facility to Johns Hopkins Hospital (U.S.).

Product Types of Proton Therapy-

·       Accelerator

·       Beam Transport System

·       Beam Delivery System

·       Nozzle and Image Viewers

·       Patient Positioning System

Major players operating in the Global Proton Therapy market include Hitachi Ltd., Ion Beam Applications SA, Mevion Medical Systems, Mitsubishi Electric Corporation, ProNova Solutions, LLC, ProTom International, Sumitomo Heavy Industries Ltd., and Varian Medical Systems.

Click here for Global Proton Therapy market Press Release- https://www.coherentmarketinsights.com/press-release/proton-therapy-market-2965

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