Linear Accelerators for Radiation Market: New Business Opportunities and Investment Research Report

A linear
accelerator is commonly used in external beam radiation
treatments, for patients with cancer. Linear accelerator customizes
high energy x-rays or electrons depending on a tumor’s shape and
destroys cancer cells while sparing surrounding normal tissue. It is
designed with build-up safety features to ensure that it will not
deliver a higher dose than prescribed. The linear accelerator is used
to treat all parts or organs of the body, by delivering high-energy
x-rays or electrons to the region of the patient's tumor. A radiation
oncologist prescribes the appropriate treatment volume and dosage of
radiation. Furthermore, the medical physicist and the dosimetrist
determine how to deliver the prescribed dose and calculate the amount
of time it will take the accelerator to deliver that dose. Then,
radiation therapists operate the linear accelerator and give patients
their daily radiation treatments.
Linear
Accelerators for Radiation Market Drivers
Increasing number of
initiatives by various government and private organizations in early
diagnosis of cancer, increases the survival rate, and reduces cancer
mortality rate, and this is expected to help to boost market growth
of linear accelerators for radiation. For instance, in February 2017,
World Health Organization (WHO) proposed new guidelines to improve
survival rate of people living with cancer, by ensuring that health
service providers can focus on diagnosing and treating the disease
earlier. WHO proposed three steps to early diagnosis are: improve
public awareness of different cancer symptoms, invest in
strengthening and equipping health services and training and ensuring
people living with cancer can access safe and effective treatment.
Moreover, Cancer Research UK organized Early Diagnosis Research
Conference in February 2017, to share and discuss latest developments
in early diagnosis research.
Growth of the linear
accelerators for radiation market size is driven by increasing
prevalence and incidence of various types of cancer, along with
growing patient awareness programs by government and private
organizations, and rising adoption of radiotherapy in cancer
treatment. For instance, according to the Cancer Atlas: 2017, there
were an estimated 14.1 million new cancer cases in 2012. Moreover,
India, China, and other East and Central Asian countries accounted
for nearly half of world’s new cancer cases and deaths, in 2017.
Furthermore, according to the same source, by 2025, there will be an
estimated 19.3 million new cancer cases and 11.4 million cancer
deaths, in less developed regions.
According to data
findings by the World Health Organization (WHO), in February 2018,
cancer is the second-leading cause of death globally, accounting for
8.8 million deaths in 2015. Also, the number of new cases of cancer
is expected to rise by 70% in the near future, globally, according to
the same source. According to the International Agency for Research
on Cancer (IARC), in 2012, an estimated 14.1 million new cancer cases
were reported. Among these, the most common form of cancer was lung
cancer (13%), breast cancer (11.9%), and colorectal cancer (9.7%),
globally. According to the World Cancer Research Fund (WCRF)
International, 2015 data findings, 58% of the lung cancer cases were
reported in the emerging economies, in 2014. Hungary had the highest
rate of lung cancer, followed by Serbia, and North Korea. Moreover,
highest incidence of lung cancer was registered in North America and
Europe, for the same year. Moreover, according to the Cancer Research
UK, 2015 statistics, 55,122 new cases of breast cancer were
registered in 2015, U.K. In the U.K., breast cancer was the most
common cancer, accounting for 15% of all new cancer cases in 2015.
Furthermore, in 2014, 7% cases of breast cancer were registered among
the total cancer deaths in the U.K., according to the same source.
Linear
Accelerators for Radiation Market Restraints
Major concerns of
affordability and accessibility for the treatment, lack of trained
personnel to operate linear accelerators, are some of the limiting
factors, which may hinder the future market growth for linear
accelerators for radiation.
Linear
Accelerators for Radiation Market – Regional Analysis
Geographically,
global linear accelerators for radiation market is segmented into
North America, Latin America, Europe, Middle East, Asia Pacific, and
Africa. Growing adoption of linear accelerators by prominent cancer
treatment centers, worldwide; and upgrading the conventional
treatment, will augment growth of the linear accelerators for
radiation market, in the near future. In May 2016, Leeds Cancer
Centre, a leading providers of cancer care in the U.K. updated its
existing treatment equipment with eight Elekta Versa HD linear
accelerators. The Versa HD linear accelerators combined with
Volumetric Arc Therapy (VMAT) allows to deliver complex head and neck
cancer therapy up to 42% faster. Furthermore, in November 2017,
Romanian government signed for five Elekta linear accelerators, to
supply the country with sophisticated radiation therapy devices. In
addition, Princess Margaret Cancer Centre from Canada and Odense
University Hospital from Denmark in December 2016, also ordered
high-field MR-supported linear accelerator (MR-linac). Both Versa HD
linear accelerator and high-field MR-supported linear accelerator
(MR-linac) are manufactured by Elekta AB.
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Linear
Accelerators for Radiation Market – Competitor
Some of the key
players in the linear accelerators for radiation market include
Elekta AB, Siemens Healthcare, Varian Medical Systems, Inc., Accuray
Incorporated, Shinva Medical Instrument Co., Ltd., and among other.
Key players in this
market are collaborating and sharing their expertise in the radiation
therapy to offer comprehensive and effective solution to patients
with cancer. For instance, in June 2013, Siemens Healthcare and
Varian Medical Systems successfully developed and deployed a software
interface that connects Varian’s ARIA oncology information system
with Siemens’ ONCOR and PRIMUS accelerators and imaging systems. In
September 2017, Elekta and Brainlab collaborated, to integrate the
use of Elekta’s Versa HD linear accelerator and Brainlab’s
ExacTrac patient positioning and monitoring technology.
Linear
Accelerators for Radiation Market – Taxonomy
By Device Type
Dedicated Linear
Accelerator
Non-Dedicated
Linear Accelerator
By Therapy
Intensity-Modulated Radiation Therapy (IMRT)
Volumetric
Modulated Arc Therapy (VMAT)
Image Guided
Radiation Therapy (IGRT)
Stereotactic
Radiosurgery (SRS)
Stereotactic
Body Radio Therapy (SBRT)
By Cancer Type:
Lung Cancer
Breast Cancer
Prostate Cancer
Head and Neck
Cancer
Colorectal
Cancer
Other Cancers
By End User:
Hospitals
Oncology Centres
Cancer Research
Institutes
By Region
North America
Latin America
Europe
Asia Pacific
Middle East
Africa
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