The Infinium Global Research analyzes the Radiation Oncology Market over the period of 2019 to 2025. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global radiation oncology market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of radiation oncology. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the radiation oncology market during the period. The global radiation oncology market is projected to grow at a CAGR of 6.3% over the forecast period of 2019-2025.
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Growing Incidences of Cancer Across the Globe is One of the Major Factors for the Growth of the Radiation Oncology Market
Growing incidences of cancer across the globe is one of the major factors for the growth of the radiation oncology market. According to the World Health Organization, cancer is the second leading cause of death across the globe and is responsible for an estimated 9.6 million deaths in 2018. Globally, almost 1 in 6 deaths is due to cancer. Moreover, the rise in the geriatric population and increasing technological advancements also play a vital role in the growth of the radiation oncology market. Also, the growing adoption of non-invasive procedures in emerging countries drives market growth.
However, the high cost of therapy and instrument and lack of trained technicians in developing countries may hamper the growth of the radiation oncology market during the forecast period. Moreover, growing healthcare awareness among the people and increase in the patent pool creates an opportunity for the growth of the market in the upcoming years.
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North America is Leading the Radiation Oncology Radiation Oncology Market
In terms of region, the global radiation oncology market is classified into North America, Europe, Asia-Pacific and Rest of the World. Among all, North America is leading the radiation oncology market and is expected to dominate the market during the forecast period due to developed health infrastructure, and the presence of many multinational players in the region.
Also, the high incidence of cancer, the growing adoption of advanced technologies, and the increasing geriatric population are the other key factors for the growth of the market in the North American region. The Asia-Pacific is estimated to grow at a rapid pace during the forecast period. Increasing patient population and modernization of healthcare infrastructure are likely to drive the radiation oncology market in the Asia-Pacific region.
Radiation Oncology Market: Segmentation
The report on the global radiation oncology market covers segments such as type, and application. On the basis of type, the sub-markets include radioisotope therapy, brachytherapy, and external beam radiation therapy. On the basis of application, the sub-markets include blood cancer, prostate cancer, breast cancer, respiratory/lung cancer, gastrointestinal cancer, skin cancer, and other application.
Radiation Oncology Market: Competitive Landscape
The report provides profiles of the companies in the market such as Elekta AB, Varian Medical Systems, Accuray Incorporated, C.R. Bard, Inc., IsoRay, Inc., Mevion Medical Systems, Ion Beam Applications SA, Nordion Inc., NTP Radioisotopes SOC Ltd.
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Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the radiation oncology.
=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
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