The radiation therapy market is growing rapidly with annual cancer rates worldwide projected to increase by fifty percent by 2020. This sharp increase in cancer cases is mainly attributed to aging population, increasing number of smokers and unhealthy life styles. The major growth drivers of radiation therapy market are increasing cancer cases and technological advancements. More than fifty percent of cancer patients are now being treated with radiation therapy.
There is an increasing acceptance of new treatment systems such as image guided radiation therapy (IGRT) and stereotactic radiation therapy. The market for IGRT is projected to grow much faster than the overall radiation therapy market. IGRT systems command a premium price due to greater treatment intensity and accuracy offered by them.
The radiation therapy market is dominated by five major players (Varian Medical Systems, Siemens Healthcare, Elekta, Tomotherapy and Accuray). Varian Medical Systems is the largest player in the radiation therapy market with 5,900 linear accelerators installed worldwide. The market is going to be highly competitive with Varian trying to hold its market share and Elekta and TomoTherapy trying to capture a greater share of the market.
The report analyzes the global and US radiation therapy market. It analyzes the competitive landscape with a thorough discussion of the current market share and Linac base projections for the dominant players in the market. The report also profiles the major players, with a discussion of their key business strategies. It also discusses the major developments in the radiation therapy market.
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