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| Linear Accelerators For Radiation Therapy Market |
Linear accelerators are medical device that produces high energy ionizing radiation used in external beam radiotherapy to treat cancer and benign tumors. They are used for radiosurgery and other external beam treatments using x-rays or electron beams to treat cancerous tumors. The accelerators allow more conformal, high dose treatments which spare more normal healthy tissues compared to older 3D conformal radiotherapy techniques. The global Linear Accelerators for Radiation Market is estimated to be valued at US$ 4 Billion in 2023 and is expected to exhibit a CAGR of 15% over the forecast period 2023-2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Technological advancements is one of the key trends driving the growth of
linear accelerators for radiation market. With rising incidence of cancer
globally, demand for advanced cancer treatment options is increasing. Market
players are focusing on developing innovative linear accelerators with advanced
features such as volumetric modulated arc therapy (VMAT), intensity modulated
radiotherapy (IMRT) and stereotactic radiosurgery (SRS) which can deliver high
doses of radiation to tumor sites with greater precision. For instance, Varian
Medical Systems launched Halcyon, a new compact linear accelerator which
reduces treatment time and delivers IMRT and FAST with less downtime compared
to conventional LINAC systems. Such innovative product launches are expanding
application areas of LINACs in cancer treatment which is propelling the market
growth.
Segment
Analysis
The global linear accelerators for radiation market is divided into several
segments based on type of radiation therapy, end-user and geography. Based on
type of therapy, external radiotherapy segment holds the highest market share
currently owing to its non-invasive nature and ability to target deep-seated
tumors precisely with minimal damage to surrounding tissues. The technology
employs multi-leaf collimators to shape the radiation beam according to tumor
size and location in the body. This allows concentrating high dosage of
radiation directly on tumors and reduces dosage to normal tissues, making it
the most preferred choice among oncologists currently.
Key Takeaways
The global Linear
Accelerators For Radiation Market Growth is expected to witness high
growth over the forecast period owing to rising incidence of cancers worldwide
coupled with increasing acceptance of radiation therapies.
Regional analysis: North America dominates the global market currently due to
rising healthcare expenditure, high adoption of advanced technologies among
clinicians and favorable reimbursement policies for cancer therapies in the
region. However, Asia Pacific market is estimated to grow at the fastest pace
during the forecast period driven by increasing healthcare awareness,
availability of low-cost treatment options and rise in medical tourism in the
region.
Key players: Key players operating in the linear accelerators for radiation
market are Varian Medical Systems, Elekta AB, Accuray Incorporated, and Shinva
Medical Instrument Co. Ltd. Varian Medical Systems dominate the market
currently with wide array of linear accelerators for diverse radiotherapy
needs. Elekta AB focuses on developing user-friendly technologies for precision
radiation therapy.
For more insights, read- https://www.pressreleasebulletin.com/linear-accelerators-for-radiation-market-trends-size-and-share-analysis/
For more details on the report, Read- https://cmiinfopiece.blogspot.com/2024/01/the-global-luxury-travel-market-growth.html
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