World Radiotherapy Market Value to Cross USD 7.5 Bn by 2020, Projects M&M in Its Topical Study Available at MarketPublishers.com20 Apr 2017 • by Natalie Aster
LONDON – The value of the worldwide radiotherapy market was over USD 5.5 billion as of 2015. It is projected to increase at a 6.2% CAGR in the years ahead to exceed USD 7.5 billion by 2020. Major factors predicted to propel the radiotherapy market growth in the coming years include introduction on new products, remarkable technological advancements, rising geriatric population, rising incidence of cancer worldwide, expanding adoption of radiotherapy devices as well as rising number of symposiums boosting investments in radiotherapy.
At present, the global market is dominated by North America. The second position is held by Europe. Meantime, the highest growth rates during 2017-2020 are likely to be registered in the APAC radiotherapy market, majorly owing to increasing government support and constantly improving healthcare infrastructure.
The external beam radiotherapy sector captures the biggest share of the total market and is anticipated to increase at the highest pace during 2017-2020.
Varian Medical Systems, Elekta AB and Accuray Incorporated are the leading players in the world radiotherapy arena.
The topical research study “Radiotherapy Market by Technology, Product, & Application - Global Forecasts to 2020” created by MarketsandMarkets presents an in-depth analysis of the market performance at different geographical regions as well as contains an insightful market assessment on the basis of technologies, products and applications. A comprehensive future outlook up to 202 is provided as well.
This report covers the following aspects of the global radiotherapy market:
- size and shares of the radiotherapy market;
- segmentation and the most prospective growth sectors;
- historical background and current scenario;
- major growth limiters and drivers;
- prevailing and emerging trends;
- top challenges and opportunities;
- competitive landscape and leading participants;
- market penetration with details on the existing products;
- recent product developments and innovations;
- regulative environment;
- future possible prospects;
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