Transparency Market Research

Global Proton Therapy Market Gains Momentum Due to Increasing Incidence of Cancer

Transparency Market Research Report Added "Proton Therapy Market" to its database.


Albany, NY -- (SBWIRE) -- 02/08/2016 -- A new market report from Transparency Market Research presents a comprehensive study on the global market for proton therapy. The research report, titled "Proton Therapy Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019", is available for sale on the firm's website.

Proton therapy is a radiation treatment that makes use of protons to treat cancer. It has been gaining immense popularity due to its efficiency as well as technical advancements such as rotational gantries, larger fields, and higher energies, which have expanded the application area of proton therapy to nearly every part of the human body.

According to the report, the increasing incidence of cancer, the rising preference for non-invasive surgeries, and advancement in this technology have boosted the global market for proton therapy significantly.

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Apart from this, the rise in the global geriatric population is also increasing the demand for proton therapy in the global arena. However, the huge cost associated with the setting up and maintenance of proton therapy treatment centers is hampering the growth of this market substantially. Additionally, the dearth of experienced professionals is projected to restrict the rise of this market over the forecast period, states the report.

The global proton therapy market has been segmented into the proton therapy markets in North America, Asia Pacific, Europe, and the Rest of the World in this report. Among these, North America has acquired the leading position at present. The early adoption of this technology in North America has supported this regional market in attaining the dominant position.

Currently, Europe enjoys the second position in the global proton therapy market and is likely to maintain a steady growth rate during the forecast period. On the other hand, the proton therapy market in Asia Pacific is at a nascent stage. Analysts project this regional market to grow steadily on account of the commencement of new proton therapy centers in Australia. The increasing awareness among people regarding the benefits of proton therapy is also expected to draw substantial demand for it, says the study.

The report also assesses the worldwide market for proton therapy on the basis of the company profiles of its major participants in order to map the competitive landscape prevalent in the market. As per the study, this market is consolidated in nature. Varian Medical Systems Inc., Ion Beam Applications (IBA) Inc., Fermilab Scientists, Hitachi Ltd., and Elekta are the key players operating in this global proton therapy market. IBA Inc. dominated the global market with a share of more than 55%, states the market report.

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