Linear Accelerators For Radiation Therapy Market Growth Accelerated By Technological Advancements In Cancer Treatment

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Linear Accelerators For Radiation Therapy Market Growth Accelerated By Technological Advancements In Cancer Treatment
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.

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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