Radiotherapy can be referred as local treatment that uses high doses of radiation to kill cancer cells and shrink tumors. It uses the high-energy radiation from x-rays, gamma rays, neutrons, protons, and other sources. Radiotherapy uses radioactive substances that has ability to travels in the blood to tissues throughout the body. The radiation therapy works by damaging the DNA of cancerous cells. This therapy cures all types of cancers as well as improving the quality of life for many others. It is one of the cost effective treatment used to cure cancer.
MARKET DYNAMIC- UNITED STATES RADIOTHERAPY MARKET
The huge government and non-government investments in RD of cancer treatment and increasing number of people suffering from various cancers will driving the market growth in United States. Likewise, rising number of conferences and symposia focusing on spreading awareness about the benefits of radiotherapy globally will drive the market growth in upcoming years. Nevertheless, inadequate resources to meet the demands of the radiotherapy and shortage of skilled oncologists or radiologists are the major restraining factor that could hamper the growth of the market.
COVID 19 IMPACT ON UNITED STATES RADIOTHERAPY MARKET REPORT
The COVID 19 outbreak had significant impact on the healthcare market. As the rise in COVID 19 cases, for prevention purpose government has announced lockdown in many countries which lead to postponing of radiotherapy procedures which will affect radiotherapy market. Due to closed manufacturing facilities it will disrupted the supply and production chains. The number of emerging patients towards radiotherapy emergency services which is available in almost all centers are reduced. Due to this scenario, COVID 19 negatively impacted the growth of the overall radiotherapy devices market in 2020.
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UNITED STATES RADIOTHERAPY MARKET SEGMENTAL OVERVIEW
The study analyses United States radiotherapy market based on product, application, procedure and end users.
RADIOTHERAPY MARKET BY PRODUCT
According to the product involve in radiotherapy market is categorized into external beam radiotherapy, internal beam radiotherapy/brachytherapy and systemic radiotherapy. The external beam radiotherapy is sub-segmented into conventional linear accelerators (LINAC), conventional cobalt-60 teletherapy units, and stereotactic advanced electron and particle therapy systems. The internal beam radiography is sub-segmented into seeds, afterloaders, applicators and IORT Systems. The conventional linear accelerators (LINAC) segment accounted for the largest share of the external beam radiotherapy market in 2020. Medical LINAC systems are the most widely used devices to deliver conventional EBRT, such as IMRT, IGRT, volumetric modulated arc therapy (VMAT), SRS, and SBRT.
RADIOTHERAPY MARKET BY APPLICATION
The radiotherapy market finds has application in the external and internal beam radiotherapy. The external beam radiotherapy is sub-segmented into Prostate Cancer, Breast Cancer, Lung Cancer, Head and Neck Cancer and Colorectal Cancer. The internal beam radiotherapy/brachytherapy applications market is segmented into prostate cancer, gynecological cancer, breast cancer, cervical cancer, penile cancer, and other cancers. The breast cancer segment dominated the internal beam radiotherapy applications market in 2020. The rise in cases of breast cancer as well as it delivers a precise, highly concentrated radiation dose to the target tumor within less treatment time will fuel market growth.
RADIOTHERAPY MARKET BY PROCEDURE
According to various procedures used in the radiotherapy market are classified into external and internal beam radiotherapy. The external beam radiotherapy is sub-segmented into Image-guided Radiotherapy, Intensity-modulated Radiotherapy, Stereotactic Therapy, Particle Therapy and 3D Conformal Radiotherapy. The image guided radiotherapy (IGRT) segment dominated the market in 2020 and is expected to maintain its dominance during the forecast period 2021-2027. The primary advantage of IMGT is that it can deliver high doses of radiation to cancer sites. Hence, demand for IMGT has increased.
RADIOTHERAPY MARKET BY END USERS
Based on the various end users the radiotherapy market is categorized into Hospitals and independent radiotherapy centers. The hospitals segment leads the market in 2020 and is witnessing fastest growth in upcoming years. The factors that driving segmental growth are rising cases of cancer in United States along with establishment of new private hospitals for diagnosis and treatment purpose.
UNITED STATES RADIOTHERAPY MARKET KEY PLAYERS
The major key players of market includes Varian Medical Systems, Inc. (US), Accuray Incorporated (US), BD (US), ICAD, Inc. (US), IntraOp Medical, Inc. (US), IsoRay Medical, Inc. (US), Mevion Medical Systems, Inc. (US), P-cure Ltd. (Israel),ViewRay, Inc. (US).
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