Proton therapy may be used in
conjunction with other treatments. The treatment is non-invasive, painless, and
takes only minutes per day and can be conducted on an out-patient basis so the
patients may carry on their normal daily activities.
Statistics:
The global Proton
Therapy Market is estimated to account for US$ 4,494.0 Mn in terms of value
by the end of 2027.
Global Proton Therapy Market:
Drivers
Proton therapy offers several
advantages such as precise targeting of tumors and cancer cells, minimal exit
dose, reduced overall toxicity, and low number of short- and long-term side
effects on surrounding healthy tissues and organs. Such advantages are expected
to propel growth of the global proton therapy market over the forecast period.
Global Proton Therapy Market:
Opportunities
Increasing funding for cancer
research is expected to offer lucrative growth opportunities for players in the
market. For instance, according to the National Cancer Research Institute
(NCRI), cancer research funding by NCRI partners reached around US$ 750 million
in 2018/19.
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Global Proton Therapy Market:
Restraints
Side effects of proton therapy
are expected to hamper growth of the market. Side effects of proton therapy
include, fatigue and skin problems, including redness, irritation, swelling,
dryness, or blistering and peeling.
Key Takeaways:
The Multiple Room segment in the
global proton therapy market was valued at US$ 1,019.4 Mn in 2019 and is
expected to reach US$ 3,513.9 Mn by 2027 at a CAGR of 16.7% during the forecast
period. Increasing number of healthcare facilities offering proton therapy is
also expected to aid in growth of the segment.
Lung Cancer segment held dominant
position in the global proton therapy market in 2019, accounting for 22.1%
share in terms of value, followed by Head & Neck Cancer, respectively.
Increasing prevalence of cancer is expected to boost growth of the global proton
therapy market over the forecast period.
Market Trends
Government organizations are
focused on boosting the number of photon therapy centers. For instance, in
February 2020, Advanced Oncotherapy announced its plans to install a Linac
Image Guided Hadron Technology in collaboration with University Hospitals Birmingham
NHS Foundation Trust.
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Several studies are concluding
positive results regarding the use of proton therapy. For instance, in December
2019, researchers at the Perelman School of Medicine at the University of
Pennsylvania reported that proton therapy leads to a significantly lower risk
of side effects.
Global Proton Therapy Market:
Competitive Landscape
Major players operating in the
global proton therapy market include, Hitachi Ltd., Ion Beam Applications SA,
Mevion Medical Systems, Mitsubishi Electric Corporation, ProNova Solutions,
LLC, ProTom International, Sumitomo Heavy Industries Ltd., and Varian Medical
Systems.
Global Proton Therapy Market: Key
Developments
Major players in the market are
focused on establishing proton therapy center to enhance their market share.
For instance, in November 2019, Mevion Medical Systems signed an agreement with
Tianjin Port Free Trade Zone Administrative Committee and Tianyi Holdings to
develop a proton therapy center in Tianjin, China.
Major players in the market are
also focused on expanding their customer base. For instance, in August 2019,
Ion Beam Applications S.A. signed a formal contract with the Institute for
Basic Science to install a Cyclone 70 system in Daejeon, South Korea.
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