The global particle therapy market size reached USD 627.0 Million in 2021 and is expected to register a revenue CAGR of 8.2% during the forecast period, according to latest analysis by Emergen Research. Increasing prevalence of cancer, technological advancement in medical science, rapid product launches by leading companies, and rising number of research and development and government initiations for the diagnosis of cancer diseases are some of the key factors driving revenue growth of the market.
Some of the key factors driving the growth of the global Particle Therapy market include expanding R&D efforts to develop novel Particle Therapy products for a variety of applications and rising demand for mercury control technology for industrial air purification. The most recent data on the COVID-19 pandemic market condition is provided in the research. The investigation indicates that COVID-19 plays a vital role in the market’s dynamically altered environment. The study carefully investigates how the pandemic has altered market dynamics and trends while also precisely analysing how the crisis has impacted the market as a whole.
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Effect of COVID-19 on the global market for Particle Therapy
The COVID-19 pandemic had a significant negative influence on the market for Particle Therapy in 2020, significantly decreasing its CAGR. In 2020, manufacturers and suppliers of Particle Therapy were significantly impacted by federal and national safety and legal orders. The majority of businesses have been impacted by the COVID-19 pandemic. Mandates for business closures, restricted municipal and state government office activities, and social conventions of distance had an impact on the production of Particle Therapy in 2020. Additionally, demand for Particle Therapy decreased across a range of end-use sectors. The pandemic epidemic also resulted in a decline in global investments in the water sector.
Particle Therapy market : Competitive Landscape
The prominent players operating in the Particle Therapy market are profiled in-depth in the report and their strategies, collaborations, and product innovations. The analysis of the key players and their strategies to fortify their presence in the market impart a better understanding of the competitive landscape of the Particle Therapy market .
Some of the prominent players operating in the market are:
IBA Worldwide, Mevion Medical Systems., Optivus Proton Therapy, Inc., ProTom International., Provision Healthcare., Elekta, Hitachi, Ltd., Sumitomo Heavy Industries, Ltd., Varian Medical Systems, Inc., and Advanced Oncotherapy
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The research study examines historic data from 2018 and 2020 to draw forecasts until 2028. The timeline makes the report an invaluable resource for readers, investors, and stakeholders looking for key insights in readily accessible documents with the information presented in the form of tables, charts, and graphs.
Key questions answered in the report:
What will be the development pace of Particle Therapy market ?
What are the key factors driving the Global Particle Therapy market ?
Who are the key manufacturers in the market space?
What are the openings, hazards, and outline of the market?
What is sales, revenue, and price analysis of top manufacturers of Particle Therapy market ?
Who are the distributors, traders, and dealers of Particle Therapy market ?
What are the Particle Therapy market opportunities and threats faced by the vendors in the Global Particle Therapy industries?
What are deals, incomes, and value examinations by types and utilizations of the market?
What are deals, income, and value examinations by areas of enterprises?
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Segments Covered in this report are:
-
Cancer Type Outlook (Revenue, USD Million; 2019-2030)
- Prostate cancer
- Lung cancer
- Breast cancer
- Others
-
End-use Outlook (Revenue, USD Million; 2019-2030)
- Hospitals
- Research centers
- Proton therapy centers
- Others
-
Regional Outlook (Revenue, USD Million; 2019–2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- Rest of MEA
- North America
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Regional Bifurcation of the Particle Therapy market Includes:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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