According to a new report by Global Industry Analysts, cancer patient show a rising preference for radiation therapy over surgical treatment options.
Radiation therapy involves the use of high-energy radioactive particles or electromagnetic waves to destroy cancer cells, shrink tumors and repair physiological abnormalities.
The growth in the radiation therapy equipment market is primarily driven by rising incidence of cancer (due to aging population, lifestyle changes, dietary habits, and high smoking rates), but is also fueled by technological improvements in molecular and biological imaging techniques and tumor markers which allow radiotherapy to be increasingly personalized.
The United States is the largest market worldwide. Growth in the country is driven by aging population vulnerable to cancer, increasing preference for non-surgical options, and faster adoption of novel therapies.
Over the past few decades, radiotherapy has witnessed a paradigm shift due to significant advancements in medical technologies. There has been a gradual transition from traditional technologies to highly complex, resource intensive treatment procedures (4D imaging, intensity-modulated radiotherapy (IMRT), proton therapy, stereotactic body radiation therapy), facilitating clinicians in improving the accuracy and precision of radiotherapy.