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Global External Beam Radiation Therapy Devices, Technologies and Applications Market Assessment & Forecast: 2015-2019

  • July 2015
  • -
  • Spearhead Acuity
  • -
  • 59 pages

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The new report “Global External Beam Radiation Devices, Technologies and Applications Market Assessment & Forecast: 2015-2019” by Spearhead Acuity Business Research & Consulting group reveals in-depth analysis into different technology segments such as (CyberKnife, TomoTherapy, Gamma Knife, High-Energy Linear Accelerators (LINACs), Proton Therapy, Intensity Modulated Radiation Therapy (IMRT), Image Guided Radio Therapy (IGRT), Stereotactic, 3-D Conformal Radiotherapy (3-D CRT), Volumetric Modulated Arc Therapy (VMAT) & Adaptive Radiation Therapy (ART). ? The EBRT market was valued at US$ 3,404.1 million in 2014 and is forecast to reach US$ 4,738.1 million by 2019 at a CAGR of 6.6% from 2015 to 2019.

The report also covers market analysis for six regions of North America, Europe, Asia-Pacific, Latin America, Middle-East and Africa. North America led the market with a share of 38.4% in 2014. Developing markets of Asia-Pacific, Latin America and Middle East have begun their efforts to incorporate the latest therapeutic modalities in their healthcare system. North America has the largest base of PBT systems, currently the most expensive form of EBRT at a cost of US$ 40,000. According to the American Cancer Society, Inc., currently, one in four deaths in the U.S. are due to cancer. It is further estimated that in 2010, 1,529,560 new cancer cases were detected in the U.S. and 569,490 estimated cancer deaths occurred in the same year. Aging plays a major role for increasing cancer population in the U.S. as approximately 80% of the cases are diagnosed in population above the age of 55 years. The American Society for Therapeutic Radiology and Oncology (ASTRO) more than 60% of cancer cases are treated with radiotherapy, while combination therapy is also preferred for availing better treatment outcomes.High awareness about cancer and its treatment and better reimbursement policies has propelled the radiotherapy market in the U.S. On the other hand the slow pace of the European and Japanese is attributed to the maturity of this industry in these regions. Advanced healthcare IT technologies such as PACS and teleradiology have also caught up with the existing imaging technology at least in developed regions such as United States and parts of Europe. Veterinary medicine professionals united by the introduction of new technology are now fervently trying to raise awareness of the plight faced by the veterinary industry and the challenge faced by wildlife conservation experts across the world.

The report encompasses analysis for Next generation IMRT and IGRT technology market which has grown significantly due to demand for providing better quality services, availability of reimbursement policies and greater federal support. IGRT makes use of imaging technology such as X-ray, ultrasound, or optical imaging to route the radiation-beam towards the patient during radiation therapy treatment. Tomotherapy, or Helical tomotherapy, is a form of computed tomography (CT) guided IMRT where radiation delivery involves a machine that rotates around the patient during radiation process and moves in and out depending on the target of beamlight at the patient. Tomotherapy is more capable of delivering proper radiation dose to the tumor cells sparing normal healthy tissues, thus overcoming the limitation of IMRT application of patient positioning during treatment. Increasing acceptance of external beam radiotherapy over systemic radiation and internal beam therapy for cancer treatment as well as the huge reimbursement support of medical insurers has enabled the stability as a standard medical treatment for tomotherapy.

The radiotherapy market has undergone dramatic and rapid technological evolutions since last few decades. New technologies have emerged to address the unmet needs of huge cancer populations worldwide. Starting with the basic X-ray emitting machines, radiotherapy has been turned into one of the most sophisticated therapeutic procedures. Initial radiotherapy devices were capable of only emitting radiations, with no presence of beam modulation facilities, to control the hazardous effects of radiations. 3-D CRT was the first revolutionary breakthrough that ensured the conformal dose of radiation for protecting neighbouring healthy tissues. This technology helped in driving the radiotherapy market rapidly.

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