Albany, NY -- (SBWIRE) -- 02/16/2019 -- Particle therapy is a type of radiotherapy that utilize light emissions protons, neutrons, or positive particles for the treatment of cancer. The most widely recognized particle therapy since 2012 is proton treatment. Particle therapy works by pointing strong ionizing particles at the targeted tumor. These particles attack the DNA of tissue cells, consequently causing their death. Malignant cells are especially more susceptible to attack due to diminished capacity to fix damaged DNA. There were nearly 14 operational proton treatment centers in the U.S. in September 2014, around 39 across the world, and other centers were in development. Moreover, several clinical trials are underway to study particle therapy treatment for various cancers.
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Rise in prevalence of cancer, surge in adoption of particle therapy treatment due to advancements in technology, increase in research & development on particle therapy, government support, increase in geriatric population, and long-term benefits boost the growth of the global particle therapy market. However, low availability of particle therapy treatment in remote areas and the need of high quality equipment and high cost associated with particle therapy treatment are projected to hamper the growth of the global particle therapy market.
The global particle therapy market can be segmented based on type, product & service, system, application, and type of cancer. In terms of type, the particle therapy market can be bifurcated into proton therapy and heavy ion therapy. Based on product & services, the global particle therapy market can be classified into cyclotrons, synchrotrons, synchrocyclotrons, and services. Based on system, the particle therapy market can be categorized into multi-room systems and single-room systems. In terms of type of cancer, the global particle therapy market can be divided into prostate cancer, pediatric cancer, breast cancer, head & neck cancer, lung cancer, and others (lymphoma, sarcoma, spine cancer, pancreatic cancer, brain cancer, etc.). The pediatric cancer segment accounted for the largest market share in 2017, and the trend is expected to continue during the forecast period. Based on application, the market can be bifurcated into treatment and research.
Geographically, the global particle therapy market can be segmented into five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Each region has been further analyzed based on types of particle therapy treatment. North America dominated the global particle therapy market in 2017 and the trend is expected to continue during the forecast period due to rise in patient awareness and high number of particle therapy treatment procedures performed in the region. The market in Asia Pacific is expected to grow at a rapid pace during the forecast period. Increase in population, rise in research and development activities especially in cancer treatment, and surge in awareness in emerging markets such as India and China contribute to the growth of the global particle therapy market in Asia Pacific.
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The global particle therapy market is dominated by key players such as Danfysik A/S, Ion Beam Applications SA, Varian Medical Systems, Inc., Proton Partners International, Hitachi, Ltd., Provision Healthcare, Mevion Medical Systems, Inc., Provision Asia (HK) Limited, Sumitomo Heavy Industries, Ltd., Shenzhen Hairong International Medical Development Co., Ltd., and ProTom International, Inc.
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