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

and Latin America hold vast opportunities for market participants. Growth in these markets is expected to arise from increased replacements and emergence of additional applications for the equipment, while the market in developed countries is relatively mature. Growth in such markets would be driven by accurate conformal technologies and to a certain extent from replacement demand. Over the past few years, population of cancer patients in developed countries has reduced significantly, thereby effectively slowing annual growth. Early diagnosis, improved treatment, and advanced technology have increased the survival rate of cancer patients. However, the radiation equipment market faces challenges in the form of pressures due to changing reimbursements, and volatility related to sales of capital equipment.

Linear Accelerators represents the largest Radiation Therapy Equipment segment. On the other hand, Treatment Planning Systems presents the highest growth opportunities. Image-guided radiation therapy is a major trend in the radiotherapy market as the technology enables identification of the precise position of a tumor prior to radiation delivery, and minimizes risk of damaging healthy tissue during treatment. Demand for IGRT machines is high as oncologists are seeking image-guidance functionality. Another trend in the radiation therapy market is advanced motion detection, which detects any shift in position of a tumor located near moving organs, such as the lungs and heart.

An Executive Summary for this report and free sample pages from the full document are available at http://www.giiresearch.com/report/go138753-radiation-thera-equip.html

Nuclear Medicine

The global market for nuclear medicine is forecast to reach $2.46 billion by the year 2018.

Nuclear medicine encomp
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SOURCE Global Information, Inc.
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