Radiotherapy Market with business strategies and analysis to 2021.

Radiation treatment, otherwise called radiotherapy, is one of the fundamental ways of cancer treatment. Radiation therapy utilizes X-beams to pulverize tumour cells so that they can’t increase. Radiation treatment can be utilized to treat initial stages of the tumour or progressed cancer. It can likewise be utilized to diminish the extent of growth and ease the pain and inconvenience caused by cancer.

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The global Radiotherapy market value is evaluated to be at around USD 5,450 Million in 2016 and is estimated to reach USD 7,293 Million by 2021 at a CAGR of 6%.

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The major factors that are driving the Radiotherapy market are major advancements in medical technology, increased access to cancer treatment, growing cases of cancer, and rising economies of countries like India.

According to a recent survey, the number of people living beyond a cancer diagnosis reached nearly 14.5 million in 2014 and is expected to rise to almost 19 million by 2024. The major constraint of the market is the rising concerns regarding the side effects of radiotherapy.

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Geographically, the market is categorized into North America, Latin America, Asia-pacific, Europe and Middle East & Africa. North America is expected to dominate the market globally whereas Asia-pacific is expected to witness the highest growth rate during the forecast period due to its growing medical infrastructure.

Some of the key players of radiotherapy market include Nordion Inc., RaySearch Laboratories AB, Ion Beam Applications SA, C. R. Bard Inc., Mevion Medical Systems Inc., Varian Medical Systems Inc., IsoRay Medical Inc., Elekta AB, Accuray Incorporated, and Mitsubishi Electric Corporation.

Scope of the report

The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated. The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.

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