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Proton Therapy Systems Market Trends

Report ID: GMI6685
Published Date: Sep 2023
Report Format: PDF

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Proton Therapy Systems Market Trends

Cancer continues to be a major global health challenge, in 2020, there were an estimated 19 million new cancer cases reported worldwide. As per estimates the number of new cancer cases is anticipated to increase to 30 million per year by 2040. With millions of new cases diagnosed each year, advancements in cancer treatment are essential to improving patient outcomes. Proton therapy, an innovative and highly precise form of radiation therapy, has gained significant attention and popularity in recent years. As awareness of proton therapy's benefits spreads among patients, caregivers, and healthcare providers, more individuals are seeking this treatment option.

Media coverage and success stories have played a role in boosting awareness and demand. In some regions, patient demand for proton therapy has led to longer waiting times for treatment due to the limited number of available centers. Thus, the rising cases of cancer are driving an increased demand for proton therapy as an effective and targeted treatment option will contribute to industry landscape.

Authors: Mariam Faizullabhoy , Pratiksha Kamthe

Frequently Asked Questions (FAQ) :

Proton therapy systems industry size was USD 1.2 billion in 2022 and will reach USD 3.2 billion by 2032 due to the increasing prevalence of cancer cases worldwide.

Proton therapy systems industry from the gastro-intestinal cancer application segment reached USD 322 million in 2022 on account of its prevalence as the third most diagnosed cancer globally.

U.S. proton therapy systems industry size registered USD 530 million in 2022 and is expected to witness appreciable growth from 2023-2032 owing to clinical advantages, broader recognition, and investments in infrastructure and research in the region.

IBA worldwide, Hitachi, Mevion Medical Systems, Optivus Proton Therapy, Advanced Oncotherapy plc, Mitsubishi Electric Corporation, Varian, Ion Beam Applications SA, ProTom International, and Provision Healthcare are some of the major proton therapy system companies worldwide.