Proton therapy systems market

Global Proton Therapy Systems Market Size, by Components (With Robotized Positioning Table), Product (Equipment, Services), End User & Region - Key Manufacturers, Analysis, Growth Trends, and Forecast till 2026

Category: Healthcare and Pharma     ID: IRP1800     Date: Sep, 2020
The global proton therapy systems market was estimated to be valued at USD XX million in 2018 and is projected to reach USD XX million/billion by 2026, at a CAGR of XX% during 2019 to 2026. Scope of global proton therapy systems market includes by components (With Robotized Positioning Table, Others), by product (Equipment, Services), by end user (Hospitals, Speciality Clinics, Ambulatory Surgery Center), and by region (North America- U.S., Canada; Europe- U.K., France, Germany; Asia-Pacific- China, Japan, India; Latin America- Brazil, Mexico; Middle East & Africa- South Africa, Saudi Arabia).
Proton therapy, also known as proton beam therapy is the most precise and technically advanced type of radiation therapy and mainly used for the treatment of cancers, by using protons rather than x-rays. A proton is positively charged particle, can destroy cancer cells at high energy. Proton therapy has significant benefits over conventional radiation therapy, and it may also combine with x-ray radiation therapy, surgery, chemotherapy, and immunotherapy. Proton therapy delivers radiations painlessly through the skin from a machine outside the body, and have limited side effects, which make it, a significant therapy over the conventional radiation therapy, and these advantages of photon therapy are the key factors in raising the market growth across the globe.
One of the major applications of photon therapy is in the healthcare industry, which is a key factor stimulating the product market growth over the forecast period. It is widely used in hospitals, due to its efficacy and limited side effects. Other benefit of proton therapy include it is painless, non-invasive treatment that maintains the quality of life of patients and enables them to resume their normal life activities more quickly. Moreover, the healthcare industry is growing at an unprecedented rate across the globe. The growth is attributable to the rising investment in the industry, the reach of medical facilities to a larger population, and developments in various medical fields.
However, the proton therapy treatment is high in cost, which is expected to restrain the product demand over the coming years. In addition, rise in number of cancer patients, due to increase in the consumption of tobacco, are the key factors driving the proton therapy market globally. Furthermore, the government have been taking initiative in reducing the price of proton therapy, in order to facilitate the therapy to larger population, and the insurance company are covering proton therapy which are the key factors in increasing the proton therapy centers which tend to raise the market growth over the coming years. However, North America is the largest user of proton therapy due to technological advancement and the highly populated countries of Asia Pacific region such as India, and China are expected to have significant growth rate due to growing awareness among people, and increase in cancer patients in the region.
The global proton therapy systems market is primarily segmented by components, product, end user, and region.

In terms of components, the market is split into:
* With Robotized Positioning Table
* Others

In terms of product, the market is divided into:
* Equipment
* Services

On the end user front, the market is segmented into:
* Hospitals
* Speciality Clinics
* Ambulatory Surgery Center

The market is classified across regions and countries as follows:
* North America- U.S., Canada
* Europe- Russia, U.K., France, Germany, Italy
* Asia-Pacific- China, Japan, India, Australia
* Latin America- Brazil, Mexico
* Middle East & Africa- South Africa, Egypt, Saudi Arabia

Key Market Players:
The key players profiled in the market include:
* ProTom International
* Hitachi
* Fermilab Sceintists
* Varian Medical Systems
* Mevion Medical Systems
* Mitsubishi Electric Corporation.
* IBA Worldwide
* Sumitomo Heavy Industries, Ltd.
* ProNova Solutions LLC
* Advanced Oncotherapy plc

These enterprises have been focusing on development strategies, such as expansions, new product launches, agreements & partnerships, and acquisitions to expand their business across the globe.
Key Benefits of the Report:
* Global, regional, country, components, end user, and product market size and their forecast from 2015-2026
* Identification and detailed analysis and insights on key market dynamics, such as drivers, opportunities, restraints, and challenges influencing the growth of the market
* Detailed analysis and insights on industry outlook with market specific PESTLE analysis, Porter’s Five Forces analysis, and Value Chain analysis, to achieve a better understanding of the market and prepare expansion strategies
* Identification and comprehensive analysis of key market players and their market share, detailed financial positions, key products, core competencies, and unique selling points
* Identification and analysis of Key players’ competitive developments and strategic initiatives, such as mergers, joint ventures, sales contracts, and new product introduction in the market
* Expert interviews and their insights on current and future outlook, market shift, and factors impacting vendors’ short term and long term strategies
* Detailed insights on emerging regions, components, end user, and product with qualitative and quantitative information and facts
* Identification of the key patents filed in the field of proton therapy systems
* Owing to the volatility seen in the market due to the Global COVID-19 pandemic, businesses around the globe wish to know the impact on their market and how this changes the projections for 2020 and the forthcoming years. Orian Research is in talks with seasoned market analysts and key note speakers to understand the impact of COVID 19 on markets and factors that will bring in stability in the foreseeable future

Target Audience:
* Proton Therapy Systems manufacturer & Technology Providers
* Traders, Importers, and Exporters
* Raw Material Suppliers and Distributors
* Research and Consulting Firms
* Government and Research Organizations
* Associations and Industry Bodies

Research Methodology:
The market is derived through extensive use of secondary, primary, in-house research followed by expert validation and third party perspective, such as, analyst reports of investment banks. The secondary research is the primary base of our study wherein we conducted extensive data mining, referring to verified data sources, such as, white papers, government and regulatory published articles, technical journals, trade magazines, and paid data sources.
For forecasting, regional demand & supply factors, recent investments, market dynamics including technical growth scenario, consumer behavior, and end use trends and dynamics, and production capacity were taken into consideration. Different weightages have been assigned to these parameters and quantified their market impacts using the weighted average analysis to derive the market growth rate.

The market estimates and forecasts have been verified through exhaustive primary research with the Key Industry Participants (KIPs), which typically include:
* Manufacturers
* Suppliers
* Distributors
* Raw Material Providers
* Government Body & Associations
* Research Institutes

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