Proton Therapy Market In-Depth Analysis 2017-2024

Global Market Study
on Proton Therapy:
Gastrointestinal
Cancer Indication Segment Estimated to Record Market
Attractiveness Index of 1.1 During 2016 - 2024
Increasing prevalence of cancer is compelling healthcare organizations to adopt
and develop more advanced treatment processes. In recent years, proton
radiotherapy has emerged as one of the most effective cancer treatment in the
world. Owing to its overwhelming success, the particular therapy has gained
healthy popularity amongst doctors and patients all over the world. In most
cases, the therapy gives positive results in destroying tumor cells by eliminating
their DNA using high-intensity radiation dosage that is deposited on the target.
In addition, medical professionals having specialization in cancer treatment
prefer and recommend proton therapy owing to its feasibility and compatibility
with other treatments. Such aforementioned factors are promoting the adoption
of proton therapy treating carcinogenic abnormalities.
According to the latest data released by Persistence Market Research (PMR),
the global proton therapy market will garner over US$ 2,926.7 Million in
revenues by 2024-end. The market is currently valued around US$ 945 Million
and is projected to expand at a robust CAGR of over 15%. Authorities and
medical institutes will continue to invest heavily on further research and
development of cancer drugs, medications and therapies. This, in turn, is
expected to support the growth of the global market for proton therapy. As
compared to radiation or chemotherapy, proton therapy is more effective and
has additional benefits, which also translate into a rapid growth of its market in
terms of revenue. On the basis of region, the market in North America is
expected to command for close to 30% revenue share of the market during the
assessment period. Meanwhile, Europe is projected to hold the top spot in the
global market for proton therapy, accounting for nearly 38% share and
witnessing a CAGR of over 15%.
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The data further revealed that companies such as Mitsubishi Electric
Corporation, Sumitomo Heavy Industries Ltd., Mevion Medical Systems,
ProNova Solutions, LLC, Hitachi Ltd., Varian Medical Systems, Ion Beam
Applications SA, ProTom International rank amongst key players operating in
the global market for proton therapy.
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Some of the Key points from the PMR’s data on global proton therapy market
include:
• On the basis of set ups, demand for multiple-room proton therapy is
expected to witness a healthy growth, commanding for over 70% revenue share
of the global market by the end of assessment period.
• Increasing focus on manufacturing compact set up for treatment is
anticipated to benefit the overall market, as these compact segments are more
cost effective and do not compromise on product efficiency.
• While flexible payment options encourage their adoption in healthcare
organizations, high –cost of such devices remains a major growth deterrent.
• Amongst various cancer types, the use of proton therapy will be more in
treating gastro-intestinal cancer, head & neck cancer, lung cancer and pediatric
cancer.
• In addition, increasing preference for non-invasive procedures for removing
cancerous tumors will also positively influence the market growth.
• It is projected that the demand for proton therapy might be hampered due to
the risk of side-effects which include skin irritation, skin blistering, swelling
and fatigue.
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