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Proton Therapy Market Analysis | Coherent Market Insights

According to Coherent Market Insights, Single Room segment in the global proton therapy market was leading by US$ 407.3 Mn in 2019,and is expected to exhibit a CAGR of 11.6%% between 2020-2027.

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Proton Therapy Market Analysis | Coherent Market Insights

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  1. Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ COVID-19 Impact Tracker

  2. PROTON THERAPY MARKET ANALYSIS Proton Therapy Market,BySet up Type (Single Room, Multiple Room), By Indication (Head & Neck Cancer, Brain Cancer, Sarcoma, Pediatric Cancer, Gastro-intestinal Cancer, Prostate Cancer, Lung Cancer), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

  3. The global proton therapy market is estimated to account for US$ 4,494.0 Mn in terms of value by the end of 2027. Drivers • Increasing prevalence of cancer is expected to boost growth of the global proton therapy market over the forecast period. For instance, according to the World Health Organization, around 18.1 million new cases and 9.6 million deaths were registered due to cancer worldwide in 2018. • Moreover, increasing number of healthcare facilities offering proton therapy is also expected to aid in growth of the market. For instance, in February 2020, Illinois Health Facilities and Services Review Board approved the OSF HealthCare plan to construct cancer care center that offers proton-beam therapy.

  4. Figure 1.Global Proton Therapy Market Share (%), by Region, 2019

  5. Market Restraints • High cost of proton therapy is expected to hinder growth of the market. For instance, proton therapy costs range around US$ 30,000 to US$ 120,000. • Moreover, proton therapy devices are very larger in size and require a larger space with dedicated areas. The setup cost is exclusive of the device cost, which further increases investment, thereby limiting growth of the market.

  6. Market Opportunities • Introduction of proton therapy in emerging economies is expected to offer lucrative growth opportunities for players in the market.Currently, proton therapy is available in major developed countries such as Switzerland,Austria,U.S.,China, Denmark,Japan,Netherlands and Russia.Therefore,marketplayers can focus on expanding their presence in emerging economies. • Moreover,developmentof compact machines is also expected to aid in growth of the market. Proton therapy devices currently available in the market require large area for set up.Therefore,marketplayers can focus on reducing the size of all the parts in proton therapy devices. • Single Room segment in the global proton therapy market was valued at US$ 407.3 Mn in 2019 and is expected to reach US$ 980.0 Mn by 2027 at a CAGR of 11.6% during the forecast period.

  7. Market Trends • Major players in the market are focused on expanding their presence in emerging economies. For instance, in February 2020, Ion Beam Applications S.A. signed a contract to install a ProteusONE compact proton therapy solution at the RSPAD GatotSoebroto Presidential Hospital in Jakarta, Indonesia. • The market is witnessing increasing installation of standalone proton therapy centers. For instance, in March 2020, Stantec, a design and construction firm, delivered Johns Hopkins Hospital (U.S.) a new medical facility devoted specifically to proton therapy.

  8. Competitive Section 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.

  9. Key Developments • Major players in the market are focused on expanding their customer base. For instance, in January 2020, Ion Beam Applications S.A. signed a contract with International Charity Foundation Cartu to install a ProteusONE solution in Georgia (U.S.)# • Similarly, in November 2019, Mevion Medical Systems signed an agreement with Chung Shan Medical University Hospital and ASYS Corp to provide advanced proton therapy in Central Taiwan.

  10. Request Sample Report • Request Customization • Download PDF Brochure • Talk to Analyst Reference: https://www.coherentmarketinsights.com/market-insight/proton-therapy-market-3672

  11. About Us Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. What we provide: • Customized Market Research Services • Industry Analysis Services • Business Consulting Services • Market Intelligence Services • Long term Engagement Model • Country Specific Analysis

  12. Contact Us Mr. Shah Coherent Market Insights Pvt.Ltd. Address: 1001 4th Ave, #3200 Seattle, WA 98154, U.S. Phone: +1-206-701-6702 Email: sales@coherentmarketinsights.com

  13. Thank You! Kindly follow CMI Social Media Profiles for the latest company updates Facebook Linkedin Twitter https://www.coherentmarketinsights.com/

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