Radiation
therapy or radiotherapy is a cancer treatment therapy, which uses
high doses of radiations to kill cancer cells and shrink tumors.
Several types of radiotherapies such as external beam radiation
therapy, internal beam radiation therapy/ brachytherapy, and systemic
radiation therapy are available to combat various types of cancers
prevalent, globally. External beam radiation therapy is used to treat
various types of cancers, including brain tumors, bladder cancer, and
bone cancers. Brachytherapy is often used to treat cancers of the
head and neck, breast, cervix, prostate, and eye, while systemic
radiation therapy is often used to treat certain types of thyroid
cancers using radioactive iodine.
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Initiatives
by various organizations to increase accessibility to radiotherapy is
expected to support the market growth
Increasing
initiatives by various government organizations to increase access to
radiotherapy among patients suffering from cancer in Philippines is
expected to create lucrative environment for the Philippines
radiotherapy market growth. For instance, due to high prevalence of
cancer in Philippines, the Department of Health (DOH), Philippines,
in 2016, decided to strategically establish cancer centers in
hospitals to make quality radiation therapy services more accessible
to cancer patients, especially those outside Metro Manila.
According
to DOH, following hospitals had linear accelerators and other devices
installed in the facility; Southern Philippines Medical Center,
Cagayan Valley Medical Center, Baguio General Hospital and Medical
Center, Bicol Medical Center, Zamboanga City Medical Center, Lung
Center of the Philippines, and Vicente Sotto Memorial Medical Center.
Philippines
radiotherapy market size was valued at US$ 17.6 Mn in 2018 and is
expected to witness a CAGR of 5.8% during the forecast period (2018 –
2026).
Market
Opportunity
The
prevalence of cancer is very high in Philippines and it was found to
be second leading cause of death, according to the Philippines
Statistics Authority estimates, in 2016. Furthermore, access to
radiotherapy is less in Philippines due to less adoption of devices
such as Gamma Knife and CyberKnife.
There
is a wide gap between the patient and radiotherapy treatment
providers. Hence, key players in the market have opportunity to fill
this gap by installing their devices in the region and fulfill these
unmet needs.
Market
Key Players
Key
players operating in the Philippines radiotherapy market include
Elekta AB, Accuray Incorporated, Varian Medical Systems, Inc.,
RaySearch Laboratories AB, Mevion Medical Systems, Inc., Isoray Inc.,
Nordion Inc., Becton, Dickinson and Company, Ion Beam Applications
SA, and Hitachi, Ltd.
Detailed
Segmentation:
Philippines
Radiotherapy Market, By Application:
-
Breast Cancer
-
Lung Cancer
-
Cervical Cancer
-
Prostate Cancer
-
Head & Neck Cancer
-
Hematologic Cancer
-
Others
Philippines
Radiotherapy Market, By Product Type :
-
External Beam Radiotherapy Device
-
Linear Accelerators (LINAC)
-
Advanced Radiotherapy Device
-
Cobalt-60 Teletherapy System
-
Internal Radiotherapy (Brachytherapy) Device
-
Systemic Radiotherapy
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