Research and Markets - Radiation Oncology Market to Reach $10 Billion by 2025 - Key Vendors are Varian Medical, Elekta AB, Accuray, Ion Beam Applications, C.R. Bard, IsoRay, Mevion Medical, Nordion, NTP & Mallinckrodt
DUBLIN, May 23, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Radiation Oncology Market 2014 - 2025" report to their offering.
The global radiation oncology market is expected to reach USD 10.1 billion by 2025. Rising prevalence of cancer is the prime factor responsible for substantial growth of radiation oncology market over the forecast period.
Technological advancements in radiotherapy resulted in increased adoption of radiation oncology as primary treatment line of cancer. Development of compact advanced radiotherapy options such as CyberKnife, Gamma Knife, and tomotherapy complemented this growth. These advanced methods pose lesser postoperative complications and faster recovery time.
Increasing per capita healthcare expenditure is also an important macroeconomic factor driving the market growth. In addition, with the aid of supportive government initiatives and awareness, patients are not hesitant to opt for advanced treatment options. For instance, per capita health expenditure witnessed exponential growth of more than 55.0% from 1995 to 2014, as stated by the World Bank Group.
North America held maximum share in global radiation oncology market in 2016. Developed health infrastructure, presence of many multinational players, and greater per capita health infrastructure are the key factors contributing to the dominance of this region over the forecast period.
However, uncertain health reforms post the U.S. presidential election of 2016 coupled with shortage in supply of radiopharmaceuticals is likely to hinder the growth in this region.
Companies Mentioned
- Varian Medical Systems
- Elekta AB
- Accuray Incorporated
- Ion Beam Applications SA
- C.RBard, Inc.
- Isoray Medical, Inc.
- Mevion Medical Systems, Inc.
- Nordian Inc.
- NTP Radioisotopes
- Mallinckrodt Public Limited Company
Key Topics Covered:
1. Methodology and Scope
2. Executive Summary
3. Radiation Oncology Market Variables, Trends & Scope
4. Radiation Oncology: Product Estimates & Trend Analysis
5. Radiation Oncology: Application Estimates & Trend Analysis
6. Radiation Oncology: Technology Estimates & Trend Analysis
7. Radiation Oncology: Regional Estimates & Trend Analysis
8. Competitive Landscape
For more information about this report visit http://www.researchandmarkets.com/research/b34xpq/radiation
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