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Global Market for Radiation Therapy Equipment to Reach $6.8 Billion by 2018
Date:12/6/2012

FARMINGTON, Conn., Dec. 6, 2012 /PRNewswire-iReach/ -- The incidence of cancer is rising worldwide with over 13 million cases recorded in the year 2008 alone. Worldwide, the rate of growth of cancer is expected to rise further and reach 17 million by 2030. Market growth in the US is driven by an increasing number of cancer cases, a favorable reimbursement policy pertaining to radiation therapy for cancer, as well as rapid acceptance of advanced and novel treatment procedures. In the US, about half the number of cancer patients undergo radiation therapy, a percentage that is expected to rise further. Highly accurate and targeted radiation therapy has the potential to replace surgery, and as a result increase its adoption. Much of the future growth of radiotherapy depends upon the availability of more effective technologies.

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Global Information Inc (GII) presents two significant market research reports covering the global radiation therapy and nuclear medicine reports from our premium research partner Global Industry Analysts, Inc.

Radiation Therapy Equipment

The global market for radiation therapy equipment is projected to reach $6.8 billion by 2018. The global Radiation Therapy Equipment market is dominated by a handful of global players, owing to the high level of complexity in the systems. As such, the global players dominate sales in all the regional markets. Moreover, all the players in the global market are based in North America or Europe. Major players in the global marketplace include Accuray Incorporated, Elekta AB, Nordion, Inc., Philips Healthcare, Siemens Healthcare, and Varian Medical Systems Inc.

Emerging markets such as Asia-Pacific, Eastern Europe,
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SOURCE Global Information, Inc.
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