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Particle Therapy Market Size

Report ID: GMI6604
Published Date: Aug 2023
Report Format: PDF

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Particle Therapy Market Size

Particle Therapy Market size accounted for USD 837.09 million in 2023 and is estimated to grow at over 8.8% CAGR between 2024 and 2032. Particle therapy offers a multitude of advantages that serve as powerful growth drivers for its widespread adoption. One of the foremost drivers is its precision in targeting cancerous tissues. This precise targeting minimizes damage to surrounding healthy tissues, thereby reducing adverse effects, and enhancing patient quality of life during and after treatment.

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The remarkable efficacy of particle therapy, especially for certain types of tumours that are resistant to conventional treatments is anticipated to aid market growth. Moreover, increasing number of particle therapy centers around the world are expected to drive market growth.

Particle Therapy Market Report Attributes
Report Attribute	Details
Base Year:	2023
Particle Therapy Market Size in 2023:	USD 837.09 Million
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	8.8%
2032 Value Projection:	USD 1.77 Billion
Historical Data for:	2018 to 2023
No. of Pages:	180
Tables, Charts & Figures:	316
Segments covered:	Type, Product & Services, System, Cancer Type, and Region
Growth Drivers:	Growing global burden of cancer Advantages offered by particle therapy Increasing number of particle therapy centers worldwide
Pitfalls & Challenges:	Infrastructural challenges in healthcare facilities Unfavourable reimbursement policies and limited insurance coverage

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Particle therapy, also known as particle beam therapy, is an advanced form of cancer treatment that utilizes charged particles, such as protons or heavy ions, to deliver precise and targeted radiation therapy to cancerous tissues.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Global market size for particle therapy was valued at USD 837.09 million in 2022 and will register 8.8% CAGR from 2024-2032 due to the growing global burden of cancer.

The proton therapy type segment recorded 72.7% share of the particle therapy industry in 2022 and will witness significant growth from 2023-2032 on account of its effectiveness in treating pediatric cancers and intricate tumors.

North America recorded 46% share of the particle therapy industry in 2022 and is expected to register significant CAGR from 2023-2032 owing to the presence of robust research and development landscape coupled with substantial investments in healthcare innovation in the region.

Danfysik A/S, Hitachi, Ltd., IBA, Mevion Medical Systems, and Optivus Proton Therapy, Inc. are some of the major particle therapy companies worldwide.