ALBANY, N.Y., May 13, 2022 /PRNewswire/ --The value of the global particle therapy market stood at US$ 560.3 Mn in 2021. The global market is likely to rise at a CAGR of 8.6% during the forecast period, from 2022 to 2031. The global particle therapy market is anticipated to cross the value of US$ 1.2 Bn by 2031. Minimal risk of treatment-induced illnesses,risein cancer incidences, and increase in number of particle therapy centers throughout the world are projected to be the growth factors for the particle therapy market. Proton therapy's main objective is to enhance radiation therapy by employing proton beams in the treatmentof targeted tumors and radiosurgery.
A surge in the number of trials has demonstrated the positive effects of particle therapy in certain clinical settings, and breakthroughs in image guidance,beam delivery,as well astreatment planning are predicted to facilitatepositive particle therapy market projections during the forecast period. In addition, favorable clinical findings have resulted in a growth in the number of treatment centers globally, with some in the construction orplanningstages.
Companies in the global particle therapy marketare turning difficult cooperation initiatives and ideas into solutions fosteringsocial innovation to improve patient outcomes. Top research and care institutions are collaborating to promote radiotherapy advancements. Technological advancements in cyclotron devices are driving the market.
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Key Findings of Market Report
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Global Particle Therapy Market: Growth Drivers
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Global Particle Therapy Market: Key Players
Some of the key market players are
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Global Particle Therapy Market: Segmentation
Therapy
Service
Modernization of healthcare in terms of both infrastructure and services have pushed the healthcare industry to new heights, Stay Updated withLatest Healthcare Industry Research Reportsby Transparency Market Research:
Cancer Gene Therapy Market: Increase in prevalence of cancer, rise in government funding and initiatives, growth in pipeline of cancer gene therapy products, and collaborations to develop and launch gene-therapy products are some factors driving the market.
Gene Therapy Market: Increase in competition among the leading biopharmaceutical companies to approve and commercialize gene therapy products in different areas of unmet medical needs to gain the first mover advantage is expected to boost the growth of the gene therapy market during the forecast period.
CAR T-cell Therapy Market: The CAR T-cell therapy is emerging as a breakthrough innovation in cancer treatment. Clinical trials conducted globally are showing promising results in end stage patients and especially, for patients suffering from Acute Lymphocytic Leukemia. Such findings are translating into revenue opportunities for companies in the CAR T-cell therapy market.
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Particle Therapy Market to Surpass Value of US$ 1.2 Bn by 2031, Observes TMR Study - PR Newswire
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