The North America Proton Therapy Market would witness market growth of 11.8% CAGR during the forecast period (2022-2028).
Proton therapy (PT) is being quickly adopted by the oncology field to enhance the effectiveness of various cancer treatments. PT has been shown to have advantages in the rate of local tumor therapy and reduced radiation-induced side effects, which increases patient survival rates in general. The enormous potential of proton beam treatment has sparked the growth of PT facilities and the use of pricey equipment, propelling the development of the PT market.
In many cancer types, proton beam therapy is quickly replacing traditional radiation therapy as a potent and superior option. Proton treatment is a sort of proton therapy used in medicine to irradiate diseased tissue—most frequently, cancerous tissue. The main benefit of proton therapy over other forms of external beam irradiation is that the dose of protons is placed across a constrained depth range, resulting in low radiation dose entry, exit, or dispersion to healthy adjacent tissues.
In 2019, 16.32% of North America's GDP was allocated to healthcare. The market is expanding as a result of factors like technological advancement and the development of fewer human glioblastoma treatment options in industrialized nations. According to the National Cancer Institute of the US Department of Health and Human Services, one in sixteen Americans may require treatment for lung cancer over their lifetime.
The US market dominated the North America Proton Therapy Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $267,367.2 Thousands by 2028. The Canada market is experiencing a CAGR of 14.3% during (2022 - 2028). Additionally, The Mexico market is exhibiting a CAGR of 13.3% during (2022 - 2028).
Based on Product Type, the market is segmented into Accelerator, Beam Delivery System, Beam Transport System, Nozzle & Image Viewers and Patient Positioning System. Based on Indication, the market is segmented into CNS Cancer, Prostate Cancer, Head & Neck Cancer, Breast Cancer and Others. Based on End User, the market is segmented into Hospitals, Proton Therapy Centers and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Proton Therapy Market is Predict to reach $963.6 Million by 2028, at a CAGR of 12.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Toshiba Corporation, Siemens Healthineers AG (Siemens AG), Ion Beam Applications SA, Hitachi, Ltd., Mirion Technologies, Inc., Mevion Medical Systems, Inc., Provision Healthcare, Sumitomo Corporation and Optivus Proton Therapy, Inc.
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