Rising Incidence of Cancer Boosts Global Proton Therapy Market

The alarmingly rising incidence of cancer around the world, together with limited treatment facilities for the ailment, has impelled physicians to explore treatments beyond the conventional methods. Given the scenario, proton therapy is touted as the most advanced technique available in radiation oncology. Unfortunately, the low number of proton therapy centers is limiting its access to many patients. Hence, hospitals and research institutes around the world have started investing on proton therapy to make it more accessible to patients, thereby boosting the global proton therapy market.

For the first time, the global proton therapy market is expected to become a multibillion-dollar industry by 2019, with almost 330 rooms for proton therapy that will be available for patients. This indicates a significant jump from the 141 proton therapy rooms that were operational worldwide in 2014. However, only a meager percentage of the population that requires radiotherapy will be able to access proton therapy treatment during this time.

Growing Awareness among Medical Professionals Regarding Proton Therapy to Boost Global Market

Over 80,000 cancer patients suffering from either prostate cancer or brain tumors have been successfully treated using proton therapy. The impressive success ratio of the therapy is expected to fuel its demand, as more medical professionals and patients learn about the benefits of the advanced treatment. Based on regional distribution of the global proton therapy market, North America and Europe are the largest markets, since a majority of the centers for proton therapy treatment are located in these regions.

Emerging markets of Asia Pacific are also expected to offer lucrative opportunities to players in the proton therapy market. Opening of new proton therapy centers in Australia due to growing awareness regarding the benefits of the advanced treatment will fuel demand from the Asia Pacific proton therapy market.

Cost Hurdles Will...