Tumor Treatment Equipment Market to grow with a CAGR of 6.50% through 2030F
Increasing healthcare infrastructure and a supportive regulatory environment are the major drivers for the Global Tumor Treatment Equipment Market in the forecast period, 2026-2030,
According
to TechSci Research report, “Tumor Treatment Equipment Market - Global Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2020-2030F”, Global
Tumor Treatment Equipment Market was valued at USD 14.10 billion in 2024 and is
anticipated to witness an impressive growth in the forecast period with a CAGR
of 6.50% through 2030. This can be due to collaborations and partnerships
among leading companies with a diverse approach to merge the expertise of
individual companies and to strengthen their position in the market.
Health
insurance coverage plays a significant role in driving the demand for the
Global Tumor Treatment Equipment Market. Health insurance provides individuals
with access to cancer diagnosis and treatment, including the use of tumor
treatment equipment. It helps ensure that patients can receive necessary
medical services without significant financial barriers. Tumor treatment can be
expensive, involving diagnostic tests, surgeries, radiation therapy,
chemotherapy, and medications.
Early
detection can lead to more effective treatment and the use of appropriate tumor
treatment equipment. Comprehensive health insurance plans typically cover a
range of treatment options, allowing patients and healthcare providers to
choose the most suitable tumor treatment equipment and modalities based on the
specific type and stage of cancer. While health insurance may require
copayments, deductibles, or premiums, it significantly reduces the
out-of-pocket expenses that patients would otherwise incur for tumor treatment
equipment and services.
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The Global Tumor Treatment Equipment Market is segmented based
on type, application, and by region.
Based
on type, Radiotherapy
equipment is witnessed to be the fastest growing segment. Radiotherapy, also
known as radiation therapy, is a medical procedure that uses high-energy
radiation to target and destroy abnormal cells within the body, including
cancer cells. Radiotherapy equipment uses various sources of high-energy
radiation. The most common sources include X-rays (photon radiation) and
charged particles like electrons or protons. Linear accelerators (linacs) are
commonly used machines that generate and deliver X-ray radiation. They can be
configured to deliver precise doses of radiation from different angles.
Radiotherapy is typically administered in a series of sessions over several
days or weeks. The frequency and duration of treatment sessions depend on the
type, size, and location of the tumor, as well as the prescribed radiation
dose.
Based on region, Asia-pacific region witnesses the fastest growth in the
Global Tumor Treatment Equipment Market. The Asia-Pacific region has
experienced a significant increase in cancer incidence over the years. Factors
such as lifestyle changes, environmental factors, and an aging population
contribute to the growing number of cancer cases. The region is home to a large
and rapidly growing population, which leads to a larger patient pool in need of
cancer treatment. The sheer size of the population drives demand for tumor treatment
equipment and services. Rapid urbanization and the adoption of Western
lifestyles have contributed to an increase in cancer risk factors, such as poor
diet, physical inactivity, and tobacco use. These lifestyle changes have led to
a higher prevalence of cancer in the region. Many countries in the Asia-Pacific
region have been investing in healthcare infrastructure and technology,
including the acquisition of advanced tumor treatment equipment. This has led
to increased access to cancer care and treatment options. Several governments
in the region have launched cancer control and prevention programs, which
include increasing access to cancer screening, diagnosis, and treatment. These
initiatives boost the demand for tumor treatment equipment.
Some of the major companies operating in the Global Tumor
Treatment Equipment Market include:
·
Boston Scientific Corp
·
Medtronic plc.
·
Johnson & Johnson
·
Merit Medical Inc.
·
Varian Medical Inc.
·
AngioDynamics Inc.
·
HealthTronics Inc.
·
SonaCare Medical LLC
·
Misonix Inc.
·
CAScination AG
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“North
America, among other regions, is expected to drive strong demand for tumor
treatment equipment. The expanding competitive landscape and the presence of
well-established companies dedicated to improving patient well-being annually
are anticipated to significantly fuel the growth of the global tumor treatment
equipment market during the forecast period" said Mr. Karan Chechi,
Research Director of TechSci Research, a research-based Global management
consulting firm.
"Tumor Treatment Equipment Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Surgical Equipment, Radiotherapy Equipment, Chemotherapy Equipment), By Application (Lung Cancer, Rectal Cancer, Breast Cancer, Other), By Region & Competition 2020-2030F", evaluated the future growth potential of Global Tumor
Treatment Equipment Market and provides statistics & information on market
size, structure, and future market growth. The report intends to provide
innovative market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in Global Tumor
Treatment Equipment Market.
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