Dallas, TX -- (ReleaseWire) -- 01/20/2014 -- This report analyzes the global radiation therapy market with focus on sub-segments like linear accelerator system, proton therapy and particle therapy. The report presents some of the major drivers, trends and challenges being faced by the industry. It also analyzes the competitive scenario of the global radiation therapy market, along with the competitive conditions being faced in North America, Europe and Asia Pacific. The profiles of the four major players, Varian, Elekta, Siemens, and Accuray are being included in the report.
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Radiotherapy is used to kill cancerous cells and is commonly used either alone or in combination with surgery or chemotherapy. From conventional radiotherapy to advanced forms of treatment such as Intensity-Modulated Radiation Therapy (IMRT), Image-Guided Radiation Therapy (IGRT), stereotactic radiosurgery (SRS), stereotactic body radiotherapy (SBRT) and proton therapy have become more widely accepted methods of treatment. The radiation therapy market is growing at a healthy pace over the past few years on account of rising cancer cases and increase in sophistication of new treatment processes. Several countries with growing economies, including China, India, South Africa and Brazil, are under-equipped and offer a huge opportunity for growth. External beam therapy devices contribute the maximum share to the global radiotherapy devices market, followed by internal radiotherapy devices and systemic radiotherapy devices.
The US market segment is relatively mature and has a significant portion of the installed capacity worldwide. The US market is largely driven by replacements of older radiotherapy systems and reimbursement levels for radiation therapy. In Europe, markets like Russia, Turkey and countries in Eastern Europe have a shortage of radiotherapy systems. Demand in Asia Pacific market remained high in the year 2012 with relatively strong growth in China and India. Key issues of the market include strict regulations and costly treatment. The medical equipment industry is characterized by rapid technological developments and continuous improvements of industrial know-how, resulting in companies launching new products and improved methods for treatment. In radiotherapy and radiosurgery markets, there are three major players namely Varian, Elekta AB and Accuray Incorporated.
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By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables, and tests.
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