Global Radiotherapy Positioning Devices Market Overview
Radiotherapy is one of the treatment methods for treating cancer. High energy x-ray or gamma-ray is used to kill the cancer cell. This treatment is given either once or a few times for each patient. Thus, radiotherapy treatment must be delivered accurately. To ensure treatment is given accurately, some accessory devices are needed following the parts of body that will be getting treatment. These accessory devices are used to determine the patient’s position during treatment, to prevent any movement and to make sure patient is comfortable using it. Each patient will use a definite set of accessory which differs according to the type of cancer and area of treatment. This accessory must be durable and can be used repeatedly by the patient until treatment completes. For some patient, customized accessory set is made especially for them. These accessory devices are known as positioning or immobilization devices used in radiotherapy.
Market Size & Forecast
Radiotherapy Positioning Devices Market is anticipated to record a significant CAGR over the forecast period. Many multi-national companies are concentrating towards new product advances in radiotherapy positioning devices to improve their product portfolio which is anticipated to support the global market growth. It is projected by World Health Organization, that by 2030, about 23.6 million new cases of cancer will exist across the world. Governmental guidelines from National Comprehensive Cancer Network (NCCN) and American Society of Clinical Oncology (ASCO) are delivering help to healthcare professionals in the treatment and management of cancer patients. The U.S. Government in April 2016 allocated USD 5.2 Billion for the National Cancer Institute (NCI), for cancer research and training.
On the basis of regional platform, global Radiotherapy Positioning Devices market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. North-America holds the largest share in terms of revenue for radiotherapy positioning devices owing to the region’s innate nature of adopting technologies in their primitive stage. Moreover, greater focus on early diagnosis, screening, monitoring and clinical development associated with radiotherapy treatment by market players have affected the radiotherapy positioning devices market positively.
In Asia Pacific region significant economic development has led to an increase in healthcare availability, increase in number of multi-specialty clinics and hospitals, and rise in popularity of radiotherapy positioning devices among oncologists. Further preference of minimally invasive techniques and penetration of global players in Asia is expected to fuel demand for radiotherapy positioning devices market in the region.
Our-in depth analysis of the global radiotherapy positioning devices market includes the following segments:
By Product Type
Global radiotherapy positioning devices market is further classified on the basis of region as follows:
Growth Drivers & Challenges
Rising flexible financing by government and federal agencies for cancer research, increasing prevalence of cancer among growing population, availability of new cancer treatment, upsurge in healthcare coverage, and other device accessory for the patients during the treatment process are some of the aspects supporting the radiotherapy positioning devices market. Growing aspiration of manufacturers of radiotherapy positioning devices to advance the products for the healthcare specialists and patients across the world to deliver high quality, innovative and unique patient-centric radiotherapy positioning devices is expected to help the market grow. These devices are precise and offer maximum repositioning precision and patient steadiness by lowering both voluntary and involuntary patient movement. Radiotherapy positioning device’s accurate & comfortable design cuts the risk injuries among healthcare professionals, escalating workflow efficiencies and accurate delivery of prescribed radiation doses which will behave as some of the dynamics enhancing the radiotherapy positioning devices market. Significant economic development has led to an increase in healthcare availability in developing regions which is further expected to propel the radiotherapy positioning devices market growth.
However, insurance coverage and reimbursement issues, associated to healthcare in many countries combined with radiation risk to healthcare professionals and patients undergoing radiation therapy are anticipated to act as certain aspects that can obstruct the radiotherapy positioning devices market growth.
Scope & Context
Overview of the Parent Market
The Global Radiotherapy Positioning Devices Market is segmented as follows:
Supply & Demand Risk
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in current dynamic environment
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