What is Biggest Trend Currently Witnessed in Radiotherapy Market?

ALBANY, Calif. - Sept. 9, 2020 - PRLog -- The number of cancer cases has been rising all across the globe over the past few years. As per the American Institute of Cancer Research, by 2030, the number of new cancer incidence is expected to reach 25 million. The prevalence of cancer is further predicted to be the highest in low and middle-income countries, including India and China. Cancer is among the most common chronic diseases around the globe, and was responsible for 9.6 million deaths in 2018, as per the World Health Organization.

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The three types of radiotherapies are internal, systemic, and external beam, among which, the demand for external beam is expected to be the highest in the coming years. This radiation therapy is utilized most commonly, with this, large parts of body can be treated by delivering radiation from a machine, from outside the body. The rising research activities and increasing prevalence of cancer are further leading to the growing demand for external beam radiotherapy. The major end users of radiotherapy are cancer research institutes, hospitals, and independent radiotherapy centers, out of which, hospitals are utilizing it the most.

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Other than this, the demand for radiotherapy is also predicted to rise in Asia-Pacific, thereby making the region the fastest-growing radiotherapy market in the coming years. This is because of the increasing burden of cancer, rising investments by private and public organizations, and improving healthcare infrastructure. As per the Global Cancer Observatory, in 2018, 883,395 cancer cases were reported in Japan, and the number is predicted to rise to 3.5 million by 2025.

Hence, the market is growing due to the surging prevalence of cancer across the globe.