Global Radiotherapy Devices Market Opportunities And Strategies
The global radiotherapy devices market is expected to decline from $5.75 billion in 2019 to $5.44 billion in 2020 at a compound annual growth rate (CAGR) of -5.35%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities. The entire supply chain has been disrupted, impacting the market negatively. The market is then expected to recover and reach $6.94 billion in 2023 at a CAGR of 8.47%.
Radiotherapy devices are used in cancer treatment by using high doses of radiation to kill cancer cells and shrink tumors. Only goods and services traded between entities or sold to end consumers are included.
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The global radiotherapy devices market is further segmented based on type and geography.
By Product Type: External Beam Radiation Therapy Devices, Linear Accelerator Devices, Proton Therapy Devices
By Application: Skin Cancer, Breast Cancer, Prostate Cancer, Cervical Cancer, Lung Cancer, Others
By End Users: Hospitals, Ambulatory Surgical Centers, Oncological Treatment Centers.
By Geography: The global radiotherapy devices market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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Trends In The Radiotherapy Devices Market
Advancement in technology is helping to develop low-cost, more effective and efficient, and user-friendly products with precise and improved radiation doses for increased performance in targeting tumors. The advancement from 2D radiotherapy devices to 3D with real-time imaging enabled high conformity of radiation to improve tumor control.
Radiotherapy Devices Global Market Report 2020 is one of a series of new reports from The Business Research Company that provides radiotherapy devices market overviews, analyzes and forecasts radiotherapy devices market size and growth for the global radiotherapy devices market, radiotherapy devices market share, radiotherapy devices market players, radiotherapy devices market size, radiotherapy devices market segments and geographies, radiotherapy devices market trends, radiotherapy devices market drivers and radiotherapy devices market restraints, radiotherapy devices market’s leading competitors’ revenues, profiles and market shares. The radiotherapy devices market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.