About Hadron Therapy
Technological advancements including reduced contrary effects and less radiation dose transmitted to healthy tissues during the radiation procedure will help to boost global Hadron therapy market in the forecasted period. Hardon therapy is also known as ion beam therapy or particle beam therapy. Hardon therapy is a type of therapy used ionizing radiation for cancer treatment. This therapy destroys the cancerous cells by damaging their DNA. The exclusive property of hadron therapy is physical and radiobiological properties of particles, which permit them to penetrate the tissues with less diffusion and transfer supreme energy within a specific area.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia- Pacific |
Unit | Value (USD Million) |
Key players are adopting numerous strategies to gain market attention and to increase their market share, this strategy can be listed as increasing product portfolio, making partnerships to adopt certain technologies, and acquiring small players to finish the competition in the future. As well as investing money in the R&D sector to make technical upgrades to the product. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Hadron Therapy market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Koninklijke Philips N.V. (Netherlands), Ion Beam Applications SA (Belgium), Advanced Oncotherapy (United Kingdom), Hitachi, Ltd. (Japan), Varian Medical Systems, Inc. (United States), Optivus Proton Therapy, Inc. (United States), Mevion Medical Systems (United States), ProTom International (United States), Mitsubishi Electric Corporation (Japan) and Sumitomo Corporation (Japan) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are ProNova Solutions, LLC (United States), Provision Healthcare (United States) and Danfysik A/S (Denmark).
Segmentation Overview
AMA Research has segmented the market of Global Hadron Therapy market by Type (Electron Beam, Neutron Beam, Alpha Particle Beam, Proton Beam, Carbon Ion Beam and Beta Particle Beam), Application (Treatment Applications and Research Applications) and Region.
On the basis of geography, the market of Hadron Therapy has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, 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). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Cancer Type, the sub-segment i.e. Pediatric Cancer will boost the Hadron Therapy market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Hospitals will boost the Hadron Therapy market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Access to Medical Insurance and Technological Advancements in Cancer Treatment Therapies
Market Growth Drivers:
Increase in Prevalence’s Of Cancer and Upsurge in Healthcare Disbursement
Challenges:
High Product Developmental Cost
Restraints:
Dearth of Awareness about Hadron Therapy and Less Number of Treatment Providers
Opportunities:
Huge Opportunity in Emerging Countries and Growing Healthcare Expenditure in Developing Nations
Market Leaders and their expansionary development strategies
In November 2023, RaySearch Laboratories Introduced RayCare 6.0 with Advanced Ion Beam Therapy Planning Features, this new version of their treatment planning software includes enhanced tools for ion beam therapy planning, including pencil beam dose optimization and multi-ion treatment planning.
Key Target Audience
Therapy Providers, Medical Research and Development Institutes and Associations, Potential Investors, Government Bodies, Government and Private Research Center and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.