What is Proton Therapy Instrument?
Proton therapy is a radiation treatment that uses protons to treat cancerous cells in the body, which can be accomplished by delivering a beam of protons to the exact location of cancerous cells in the body. Radiation therapy leads to the risk of damaging healthy tissues or organs in the body but the main advantage of proton therapy is that a physician can control the released proton beams targeted at tumorous cell and avoid the damage of healthy tissues in the vicinity.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Ion Beam Applications (Belgium), Varian (United States), Hitachi, Ltd. (Japan), Mevion (United States), Sumitomo (Japan), ProNova (Austria), VirtualExpo (France), ProTom International (United States) and Varian Medical Systems, Inc. (United States) |
The study covers a detailed analysis segmented by key business segments i.e. by type (Synchrotron, Cyclotron, Synchrocyclotron and Linear accelerator) , by application (Hospital and Proton Treatment Center) and major geographies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Proton Therapy Instrument market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Proton Therapy Instrument market report suggests strategies that Players can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, some of them are Ion Beam Applications (Belgium), Varian (United States), Hitachi, Ltd. (Japan), Mevion (United States), Sumitomo (Japan), ProNova (Austria), VirtualExpo (France), ProTom International (United States) and Varian Medical Systems, Inc. (United States).
Market Overview:
In January 2020, Ion Beam Applications S.A. signed a contract with International Charity Foundation Cartu to install a ProteusONE solution in Georgia (United States)
Due to the presence of numerous participants, the market for proton treatment has a highly fragmented structure of competition. To maintain a strong position in the overall market competitiveness, rivals are collaborating and implementing merger and acquisition plans. Major investments in R&D operations will also aid firms in gaining a competitive edge in the market's overall rivalry.
Market Trend
Development in Imaging Technologies
Restraints
- High Costs Involved In the Construction of Proton Therapy Systems
Opportunities
Infrastructural Development in Developing Countries
Key highlights of the Global Proton Therapy Instrument market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Proton Therapy Instrument market in next few years.
Detailed Insights on futuristic trends and changing consumer behaviour
Forecast of the Global Proton Therapy Instrument market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Players
Comprehensive information about factors that will challenge the growth of Proton Therapy Instrument Players
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Proton Therapy Instrument market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Proton Therapy Instrument market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Manufacturers of Proton Therapy Instrument, Suppliers of Proton Therapy Instrument, Wholesalers, Distributors and Retailers of Proton Therapy Instrument, Healthcare Industry, Research Organization and Governmental Bodies.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.