With the emergence and long-term Impact of COVID-19, Global Intensity Modulated Radiotherapy Market to reach USD XXX Million by 2030
Bizwit Research & Consulting LLP’s recent analysis on the Global Intensity Modulated Radiotherapy Market points towards a potential rise to USD XXX Million by 2030. Intensity Modulated Radiotherapy (IMRT) is a type of advanced radiation therapy technique used in the treatment of cancer. In contradistinction to conventional radiotherapy, which delivers a uniform dose of radiation to the entire tumor and surrounding tissues, IMRT allows for the precise modulation of the intensity of the radiation beams.
This modulation enables the delivery of higher radiation doses to the tumor while minimizing the dose to nearby healthy tissues and organs. The key factors driving the market growth are the increasing incidence of cancer, rising healthcare expenditure, and increasing adoption of radiation therapy as a primary treatment option for cancer that is anticipated to support the market growth.
Geographically, the global Intensity Modulated Radiotherapy market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America dominated the market in 2022 owing to the rising prevalence of cancer and high demand for timely diagnosis, growing geriatric population, increasing healthcare expenditure, and growing technological developments in healthcare. Whereas, the Asia Pacific is expected to grow with the highest CAGR over the forecast period, owing to factors such as the rising incidence of cancer, growing awareness and education, increasing healthcare spending, and collaborations between healthcare institutions, technology providers, and research organizations can drive innovation and the adoption of advanced treatment modalities.
The global Intensity Modulated Radiotherapy market is highly competitive owing to the presence of several key players such as Siemens Healthineers AG Elekta Accuray Incorporated IBA Worldwide Hitachi, Ltd. Mevion Medical Systems Koninklijke Philips N.V. Raysearch Laboratories Brainlab AG Varian Medical Systems, Inc., and others.
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Key findings of the study suggest:
- Global Intensity Modulated Radiotherapy Market is anticipated to grow with a healthy growth rate of more than XXX% over the forecast period 2023-2030.
- In the Radiation Type segment, Proton radiation emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to the rising prevalence of cancer and high demand for timely diagnosis, growing geriatric population, increasing healthcare expenditure, and growing technological developments in healthcare.
- Asia Pacific is expected to grow at higher rate followed by Europe during 2023-2030.
Bizwit Research & Consulting has considered following segments for the study:
By Radiation Type:
- Proton radiation
- Electron radiation
- Photon radiation
- Carbon-Ion radiation
By Application:
- Prostate cancer
- Lung cancer
- Breast cancer
- Brain cancer
- Gynecological cancers
- Gastrointestinal cancers
- Other cancers
By End User:
- Hospitals
- Independent Radiotherapy Centers
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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