Philippines radiotherapy market analysis | Coherent Market Insights

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• PHILIPPINES RADIOTHERAPY MARKET ANALYSIS
• Philippines Radiotherapy Market, by Product Type
  (External Beam Radiotherapy Device, Linear
  Accelerators (LINAC), Advanced Radiotherapy
  Device, Cobalt-60 Teletherapy System, Internal
  Radiotherapy (Brachytherapy) Device, and Systemic
  Radiotherapy), by Procedure Type (External Beam
  Radiotherapy, 3-D Conformal Radiation Therapy,
  Intensity-modulated Radiation Therapy (IMRT),
  Image-guided Radiation Therapy (IGRT)
  Tomotherapy, Stereotactic Radiosurgery
  Stereotactic Body Radiation Therapy, and Others),
  by Application (Breast Cancer, Lung Cancer,
  Cervical Cancer, Prostate Cancer, Head Neck
  Cancer, Hematologic Cancer, and Others), and by
  End User (Hospitals and Cancer Research
  Institutes) - Size, Share, Outlook, and
  Opportunity Analysis, 2018 - 2026

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• Radiotherapy, also known as radiation therapy,
  uses ionizing radiations that deliver targeted
  beams of radiation to kill and destroy cancer
  cells. The advanced technology used in
  radiotherapy works by bombarding cancerous cells
  with radiation to kill them, while minimizing
  damage to the healthy cells around them.
  Radiotherapy is the most potent treatment for
  cancer and when integrated with advanced
  technologies such as image guided therapy, which
  leads to enhanced control over tumor and
  toxicity.
• Initiatives by various organizations to increase
  accessibility to radiotherapy is expected to
  support the market growth
• Increasing initiatives by various government
  organizations to increase access to radiotherapy
  among patients suffering from cancer in
  Philippines is expected to create lucrative
  environment for the Philippines radiotherapy
  market growth.
• For instance, due to high prevalence of cancer in
  Philippines, the Department of Health (DOH),
  Philippines, in 2016, decided to strategically
  establish cancer centers in hospitals to make
  quality radiation therapy services more
  accessible to cancer patients, especially those
  outside Metro Manila.

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• Figure 1. Philippines Radiotherapy Market Value
  (US Mn) Analysis and Forecast Y-o-Y Growth ()

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• High prevalence of cancer is expected to increase
  demand for its treatment and support the market
  growth
• High prevalence of cancer in Philippines is
  expected to significantly increase the demand for
  its treatment procedures including radiotherapy
  and significantly support the Philippines
  radiotherapy market growth. For instance,
  according to the data published by Philippines
  Statistics Authority, in February 2018, neoplasms
  (also called as cancer) was found to be second
  leading cause of death after ischemic heart
  disease in Philippines and accounted for 10.4 of
  total death cases or around 60,470 death in 2016.
• According to the Philippines Cancer Society in
  2017, around 109,280 new cases of cancer were
  diagnosed among which around 48,138 were males
  and 61,142 were females.

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High price and presence of alternative to
radiotherapy is expected to be major factor
negatively affecting the Philippines radiotherapy
market growth

• High price of radiotherapy devices such as
  CyberKnife and Gamma knife is expected to be one
  reason limiting its adoption, as setup of such
  devices needs high investment, which is not
  easily affordable by small hospitals in
  Philippines. Hence, high price of novel
  radiotherapy devices is expected to be a major
  factor limiting its adoption and restraining the
  market growth in Philippines.
• For instance, according to the data published by
  First Dayton Cancer Care, CyberKnife is more
  expensive than ordinary linear accelerator
  devices. Investment cost for setting up such
  device is around US 5 million.
• Furthermore, presence of alternative methods such
  as chemotherapy is expected to affect the
  adoption of radiotherapy and restrain market
  growth

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Figure 2. Philippines Radiotherapy Market Share
(), By Product Type, 2018-2026

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Regulatory Scenario

• In 2017, Philippines implemented new customs
  clearance procedure for radiation devices.
• According to the new guidelines,
  radiation-emitting medical devices are subjected
  to a new customs clearance release procedure
  administered by the Philippines FDA.
• For shipment of each radiation-emitting devices
  in Philippines, importers must obtain Clearance
  for Customs Release (CFCR) certificate issued by
  the FDAs Center for Device Regulation, Radiation
  Health, and Research (CDRRHR). Applications are
  processed within 3 working days for a fee of US
  6 (Philippines Peso 300) per device.
• One of the required elements of the CFCR
  application is a certificate of product
  registration issued by the national authority in
  the country of origin. This document must be
  authenticated by the Philippines embassy in the
  country of origin.
• Key players operating in the Philippines
  radiotherapy market include Elekta AB, Accuray
  Incorporated, Varian Medical Systems, Inc.,
  RaySearch Laboratories AB, Mevion Medical
  Systems, Inc., Isoray Inc., Nordion Inc., Becton,
  Dickinson and Company, Ion Beam Applications SA,
  and Hitachi, Ltd.

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  market-insight/philippines-radiotherapy-market-260
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