Dublin, Nov. 22, 2018 (GLOBE NEWSWIRE) -- The "Particle Therapy Market by Type, Products, Services, System, Cancer Type, Application - Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The global particle therapy market is projected to reach USD 1,349 million by 2023 from USD 865 million in 2018, at a CAGR of 9.3%

The growth of this market is largely driven by factors such as the various advantages offered by particle therapy over photon therapy, growing global prevalence of cancer, increasing adoption of particle therapy in clinical trials, and the increasing number of particle therapy centers worldwide.

The cyclotrons segment is expected to account for the largest market share during the forecast period

Based on type, the particle therapy products market is segmented into cyclotrons, synchrotrons, and synchrocyclotrons. The cyclotrons segment is expected to account for the largest share of this market in 2018. The development of technologically advanced systems, advantages offered by cyclotrons over other accelerators, and the growing adoption of cyclotrons among users are the major factors driving the growth of this market segment.

The research applications segment is estimated to grow at the highest rate during the forecast period

On the basis of application, the particle therapy market has been segmented into treatment and research applications. The research applications segment is estimated to grow at the highest rate during the forecast period due to factors such as the growing awareness about the research applications of particle therapy systems, development of cost-effective and technologically advanced diagnostic and therapeutic particle therapy systems, and the increasing industry-academia collaborations in the field of research.

North America to account for the second-largest share of the global market in 2018

The particle therapy market is segmented into four major regions, namely, North America, Europe, the Asia Pacific, and the Rest of the World. North America is expected to account for the second-largest share of the global particle therapy market in 2018. Technological advancements in the field of particle therapy, the rising incidence of cancer, easy accessibility to treatments, and the high adoption of advanced diagnostic technologies (owing to the significant per capita annual healthcare expenditure by the US and Canadian governments) are some of the key factors supporting the growth of the North American market.

Furthermore, favorable government initiatives that are creating awareness and promoting the adoption of proton therapy among key end users are some of the other major factors driving the growth of the particle therapy market in North America.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Particle Therapy: Market Overview
4.2 Regional Analysis: Particle Therapy Market, By Product & Service
4.3 Particle Therapy Market Size, By Type
4.4 Particle Therapy Market Size, By Cancer Type
4.5 Regional Analysis: Particle Therapy Market, By Application
4.6 Particle Therapy Market, By Region

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Advantages Offered By Particle Therapy Over Photon Therapy
5.2.1.2 Growing Global Prevalence of Cancer
5.2.1.3 Growing Adoption of Particle Therapy in Clinical Trials
5.2.1.4 Increasing Number of Particle Therapy Centers Worldwide
5.2.2 Restraints
5.2.2.1 Infrastructural Challenges in Healthcare Facilities
5.2.2.2 Affordability and Accessibility of Treatments
5.2.2.3 Unfavorable Reimbursement Policies and Limited Insurance Coverage for Particle Therapy
5.2.3 Opportunities
5.2.3.1 Emerging Markets
5.2.4 Industry Trends
5.2.4.1 Growing Adoption of Pencil-Beam Scanning

6 Particle Therapy Market, By Type
6.1 Introduction
6.2 Proton Therapy
6.2.1 Proton Therapy is Increasingly Being Adopted as A Primary Treatment Mode for Various Cancer Types
6.3 Heavy Ion Therapy
6.3.1 The Use of Heavy Ion Therapy is Still in the Experimental Phase Across Many Regions

7 Particle Therapy Market, By Product & Service
7.1 Introduction
7.2 Products
7.2.1 Cyclotrons
7.2.1.1 Leading Players in the Particle Therapy Market Mainly Manufacture Cyclotrons
7.2.2 Synchrotrons
7.2.2.1 Increasing Investments Into the Development of Synchrotron Facilities are Contributing to Market Growth
7.2.3 Synchrocyclotrons
7.2.3.1 The High Space Requirements of Synchrocyclotrons are Limiting Their Widespread Adoption
7.3 Services

8 Particle Therapy Market, By System
8.1 Introduction
8.2 Multi-Room Systems
8.2.1 Lower Shielding Requirements and Faster Beam-Switching Capabilities of Multi-Room Systems are Increasing Interest Among End Users
8.3 Single-Room Systems
8.3.1 Compact Structure and Reduced Capital Costs are Leading to High Growth of Single-Room Systems

9 Particle Therapy Market, By Cancer Type
9.1 Introduction
9.1.1 Pediatric Cancer
9.1.1.1 Better Control of Radiation With Particle Therapy Makes It the Most Suitable Treatment Mode for Pediatric Cancer
9.1.2 Prostate Cancer
9.1.2.1 Particle Therapy Offers A Minimally Invasive Alternative With Increased Accuracy for Prostate Cancer Treatment
9.1.3 Lung Cancer
9.1.3.1 Rising Number of Clinical Trials to Optimize the Use of Particle Therapy for Lung Cancer is Driving the Growth of the Market
9.1.4 Breast Cancer
9.1.4.1 Limited Radiation Exposure With Reduced Side-Effects is Increasing the Adoption of Particle Therapy for Breast Cancer
9.1.5 Head and Neck Cancer
9.1.5.1 The Use of Pencil-Beam Scanning for Proton Therapy Supports Market Growth for This Segment
9.1.6 Other Cancers

10 Particle Therapy Market, By Application
10.1 Introduction
10.2 Treatment Applications
10.2.1 Introduction of Small Footprint Single-Room Particle Therapy Centres is Promoting the Adoption of Particle Therapy for Cancer Treatment
10.3 Research Applications
10.3.1 Increasing Availability of Funding for Particle Therapy-Related Research Projects is Providing Growth Opportunities in Research Applications

11 Particle Therapy Market, By Region
11.1 Introduction
11.2 North America
11.2.1 US
11.2.1.1 Growing Number of Particle Therapy Centers in the US to Drive Market Growth
11.2.2 Canada
11.2.2.1 Canadian Government Undertaking Initiatives to Include Particle Therapy as A Treatment Method
11.3 Europe
11.3.1 France
11.3.1.1 Increasing Healthcare Expenditure in France is Supporting the Adoption of Particle Therapy Products
11.3.2 Germany
11.3.2.1 Increasing Research in the Field of Proton & Heavy Ion Therapy to Drive the Growth of the Particle Therapy Market in Germany
11.3.3 UK
11.3.3.1 Cyclotrons Segment Dominated the Particle Therapy Market in the UK
11.3.4 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.1.1 Japan is the Largest User of Heavy Ion Therapy for the Treatment of Various Types of Cancers
11.4.2 China
11.4.2.1 Growing Interest of Major Market Players to Increase Their Presence in China Will Drive the Growth of the Particle Therapy Market in the Country
11.4.3 India
11.4.3.1 Leading Product Manufacturers are Entering the Indian Particle Therapy Market Owing to the High Growth Opportunities in the Country
11.4.4 Rest of Asia Pacific
11.5 Rest of the World
11.5.1 Inadequate Healthcare Infrastructure is Restraining the Widespread Adoption of Particle Therapy in the Region

12 Competitive Landscape
12.1 Introduction
12.2 Market Share Analysis
12.3 Competitive Scenario
12.3.1 Product Launches and Approvals
12.3.2 Acquisitions
12.3.3 Expansions
12.3.4 Agreements and Collaborations

13 Company Profiles

• Advanced Oncotherapy PLC.
• Danfysik A/S
• Hitachi, Ltd.
• Ion Beam Applications Sa (IBA)
• Mevion Medical Systems, Inc.
• Optivus Proton Therapy, Inc.
• Protom International, Inc.
• Provision Healthcare, LLC
• Sumitomo Heavy Industries, Ltd.
• Varian Medical Systems, Inc.

For more information about this report visit https://www.researchandmarkets.com/research/sk297x/1_34_billion?w=12

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

CONTACT: ResearchAndMarkets.com
         Laura Wood, Senior Press Manager
         press@researchandmarkets.com
         For E.S.T Office Hours Call 1-917-300-0470
         For U.S./CAN Toll Free Call 1-800-526-8630
         For GMT Office Hours Call +353-1-416-8900
Related Topics: Oncology Drugs 

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.