Radiotherapy Software Market Scope
The increasing prevalence of cancer is one of the foremost factors leading to the growing number of radiation therapy procedures around the globe. The global radiation therapy software market is expected to witness an upsurge in demand attributed to the increasing prevalence of cancer and the growing need for efficient and integrated platforms to ensure effective and accurate informed clinical decision making.
The Radiotherapy Software market study is segmented, by Application (Surgery, Chemotherapy, Hormone therapy and Others) and major geographies with country level break-up.
The companies are exploring the market by new technology as well as mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. The market is expected to grow in the healthcare industry. Several companies such as RaySearch laboratories, Accuray Incorporated are operating in the market to provide customers better offer with various features & unique offering products and services the market is a partially fragmented market with the presence of several market players and local player. The demand in the market is huge that is driving the market growth over the forecast period
RaySearch laboratories (Sweden), Accuray Incorporated (United States), Elekta AB (publ) (Sweden), C-RAD (Sweden), Esaote (Italy), ScandiDos (Sweden), Sun Nuclear Corporation (United States), Philips (Netherlands), Varian (United Kingdom), Neusoft (China), Dosisoft (France), MIM Maestro (United States) and Others are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
AMA Research has segmented the market of Global Radiotherapy Software market by Type, Application and Region.
On the basis of geography, the market of Radiotherapy Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
On December 2021 Mirion technologies had acquire Computerized Imaging Reference Systems, Inc. The acquisition cost was USD 54 Million
On October 2021, Apollo Hospitals has launched Varian’s True Beam radiotherapy system with Velocity specialized software for advanced cancer treatment
Market Trend
- Increasing penetration for AI in Radiotherapy
Market Drivers
- Growing demand for Radiotherapy Software for the treatment of the cancer
Opportunities
- Rising demand for advanced technology is creating Opportunities
Restraints
- Large number local manufacturer
Challenges
- The application of machine learning in radiotherapy has a complex data-mining process.
Key Target Audience
OEM (Original Equipment Manufacturer), Developer, Regulatory Authorities, New Entrants/Investors, Strategic Business Planners, Governments and End-use Industry