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Global Radiation Therapy Market Report: 2011 Edition
Koncept Analytics, Oct 2011, Pages: 47
Radiation Therapy refers to the medical use of ionizing radiation as a part of cancer treatment to control malignant cells by destroying their DNA. Various types of radiations are generally used for the treatment. Some of the major ones include: high energy photons, electron beams, proton beams and neutron beams. In the treatment, radiation can either come from a machine outside the body (external beam radiation therapy), or from radioactive material placed inside the body (internal radiation therapy or brachytherapy).
Some of the major types of external radiation therapy treatments include: 3D-CRT, IMRT, IGRT, Tomotherapy, Stereotactic radiosurgery, SBRT and Proton Therapy.
Due to the increasing use of radiation therapy treatment, owing to its highly accurate and targeted nature, the radiation therapy market worldwide had witnessed double-digit growth in the past decade. The technological advancements taking place in the field have made the treatment more effective and precise, thereby improving its use. North America represents the largest RT market, followed by EMEA, both of which are generally characterized as replacement markets. Asia Pacific and Latin America offer potential for future growth in the new installations.
There are many opportunities which would benefit the market in future; some of them include the low penetration rates in the emerging countries, the ageing of the RT equipments in developed regions, and the proton therapy treatment. Also, the increasing number of cancer cases, growth in obese population, increasing consumption of alcohol and tobacco, and improving reimbursement trends are important drivers affecting the industry.
The global radiation therapy market, including the hardware and software products, is highly consolidated with the majority of the market being in the hands of a few companies. Among all, Varian is the market leader, followed by Elekta and Siemens.
This report analyzes the global radiation therapy market with focus on regional markets like North America, EMEA, Asia Pacific and Latin America. The report presents some of the major drivers, opportunities and challenges being faced by the industry. It also analyzes the competitive scenario of the global radiation therapy market, along with the competitive conditions being faced in North America, Europe and Asia Pacific. The profiles of the four major players, Varian, Elekta, Siemens, and Accuray are being included in the report.
By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, the research forecasts the future growth of the industry. Various significant variables that have an impact on this industry and created regression models with SPSS Base have been used to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables, and tests.
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