Proton Therapy Systems Market To Experience Beneficial Growth Due To Growing Investments For Establishment Of Proton Therapy Centres Till 2025: Grand View Research, Inc.
The
global proton therapy systems market is expected to reach
USD 2.88 billion by 2025, according to a new report by Grand View Research,
Inc. The market is primarily driven by increasing number of proton therapy
centers, rising number of cancer cases, and growing investments by hospitals to
establish these centers.
Growing
funds & investments by hospitals, manufacturers, and private investors are
also contributing to the growth of this market. For instance, in August 2015,
Mevion Medical Systems (U.S.) raised USD 200 million in an equity funding led
by HOPU Investments (China) and YuanMing Capital (China). These funds are
likely to be used for development of technologically advanced and low-cost
products. Furthermore, governments across various geographies are including
budgets for establishment of these centers. For instance, in July 2015, the
state government of Victoria included nearly AUD 2 million (USD 1.53 million)
to develop a National Centre for Proton Beam Therapy at the Victorian
Comprehensive Cancer Centre (VCCC). The new center is expected to offer
treatment to the patients in Australia.
Proton therapy systems market, by product, 2014 - 2025 (USD Million) |
In
addition, rapid increase in the number of cancer cases globally is anticipated
to bolster market growth during the forecast period. According to American
Cancer Society, an estimated 1,688,780 new cancer cases are expected to be
diagnosed in the U.S. and this disorder is likely to cause nearly 600,920
deaths in 2017. Furthermore, according to The Lancet, the
number of women diagnosed with breast tumors is estimated to reach 3.2 million
by 2030, which is almost double of 1.7 million in 2015.
Favorable
reimbursement policies in the U.S and European countries and rising
cancer-related healthcare expenditure in emerging nations is likely to propel
the global market. In addition, decreasing cost of proton therapy, increasing
awareness, and rising adoption are expected to boost demand for these systems
during the forecast period. However, high costs involved in the establishment
of these centers and lack of reimbursement in emerging nations is likely to
restrain growth in the coming years.
Browse full
research report on Proton Therapy Systems Market: www.grandviewresearch.com/industry-analysis/proton-therapy-systems-market
Further
Key findings from the study suggest:
- The equipment segment held majority of the
revenue share in 2016 due to rise in the number of contracts for
establishment of proton therapy centers
- North America dominated the global market owing
to strong reimbursement framework and high adoption of this therapy
- Some of the key players areMevion Medical
Systems; IBA, Optivus Proton Therapy, Inc.; Advanced Oncotherapy plc;
Varian Medical Systems, Inc.; Hitachi, Ltd.; and Mitsubishi Corporation.
- The single-room systems segment is expected to
command the largest share of the market in 2025.
Browse more
reports of this category by Grand View Research: www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the proton therapy systems market on
the basis of product, type, and region:
Proton
Therapy Systems Product Outlook (Revenue, USD Million, 2014 - 2025)
- Equipment
- Services
Proton
Therapy Systems Type Outlook (Revenue, USD Million, 2014 - 2025)
- Single-Room
Systems
- Multi-Room
Systems
Proton
Therapy Systems Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North
America
- U.S.
- Canada
- Europe
- Germany
- UK
- Asia
Pacific
- China
- Japan
- Latin
America
- Brazil
- Mexico
- Middle
East & Africa
- South
Africa
Access
Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-proton-therapy-systems-market
About Grand
View Research:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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