INTENSITY-MODULATED PROTON THERAPY MARKET ANALYSIS (2020-2027) - PowerPoint PPT Presentation

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INTENSITY-MODULATED PROTON THERAPY MARKET ANALYSIS (2020-2027)

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Title: INTENSITY-MODULATED PROTON THERAPY MARKET ANALYSIS (2020-2027)


1
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2
INTENSITY-MODULATED PROTON THERAPY MARKET
ANALYSIS (2020-2070)
  • Intensity-Modulated Proton Therapy Market-
  • Global Industry Insights, Trends, Outlook, and
    Opportunity Analysis 2020-2027

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  • Intensity modulated proton therapy is a proton
    therapy (an external beam therapy) that uses
    ionization radiation. In intensity modulated
    proton therapy, a beam of protons target tumors
    with the help of proton accelerators. These
    charged particles damage the DNA cells and stop
    them from dividing, thus slowing the tumor
    growth. Intensity modulated proton therapy
    treatment is carefully planned by using computed
    tomography (CT) and magnetic resonance (MRI)
    images of patients associated with computerized
    dose calculation to define the dose tolerability
    suitable to the tumor shape. The equipment used
    in intensity modulated proton therapy is mainly
    medical linear accelerators. The treatment time
    is around 15 minutes to 1 hour.

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  • Global Intensity-Modulated Proton
  • Therapy Market- Drivers
  • The rising prevalence of non-communicable
    diseases such as cancer is a major burden
    globally. According to the World Health
    Organization, cancer accounted for around 9.6
    million deaths across the globe in 2018.
    Moreover, healthcare facilities are focusing on
    adoption of intensity modulated proton therapy
    due to its safety and efficiency in treatment of
    cancer. In February 2020, IBA Ion Bean
    Application announced that they have signed a
    contract to install Proteus ONE, a compact proton
    therapy at RSPAD Gatot Soebroto Presidential
    Hospital in Jakarta, Indonesia.

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  • Global Intensity-Modulated Proton Therapy Market-
    Impact of COVID-19
  • The COVID-19 pandemic has impacted growth of
    various markets, and it is also expected to
    hamper the growth of the global intensity
    modulated proton therapy market during 2020. The
    pandemic has directly affected demand for the
    intensity modulated proton therapy as cancer
    patients are at higher risk of getting infected
    by COVID-19. Moreover, implementation of
    nationwide lockdown in several countries and
    safety precautions suggested by World Health
    Organization to decrease the risk of spread of
    COVID-19 while performing treatments and therapy
    procedures has made it difficult to administer
    therapy in cancer patients. As a result, the
    COVID-19 pandemic is expected to hamper growth of
    the global intensity modulated proton therapy
    market.

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  • Global Intensity-Modulated Proton Therapy Market-
    Restraints
  • Intensity modulated proton therapy devices are
    large in size and also occupy larger space. The
    investment is high due to additional setup cost
    of the equipment which increases the investment
    cost and thereby limits the market growth.
    Moreover, high cost proton therapy is expected to
    affect the growth of the market. For instance,
    according to The Institute of Clinical and
    Economic Review, the cost of intensity modulated
    proton therapy for cancer patients in the U.S is
    US 73,000. These factors are expected to
    restrain the growth of the global intensity
    modulated proton therapy market.

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  • Global Intensity-Modulated Proton Therapy Market-
    Regional Analysis
  • On the basis of region, the global intensity
    modulated proton therapy market is segmented into
    North America, Latin America, Europe, Asia
    Pacific, Middle East, and Africa. The burden of
    cancer is growing across North America, and
    various organizations such as Pan America Health
    Organization (PAHO) are operating in North
    America to reduce cancer mortality. Major players
    in the market are focused on research and
    development which is expected to drive global
    intensity modulated proton therapy market growth
    during forecast period. For instance, in 2018,
    Varian Medical System, a radiation oncology
    treatments and software maker, introduced a
    single room intensity modulated proton therapy
    system called 'ProBeam 360' at the 2018 American
    Society of Radiation Oncology meeting.

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  • Moreover, in Europe, cancer is the highest cause
    of death and morbidity. For instance, According
    to the European Journal of Cancer, in 2018,
    Cancer accounted for 1.9 million deaths in
    Europe. Therefore, the increasing disease
    prevalence in the region is expected to create
    growth opportunities for players to introduce
    oncology treatments and expand their presence.
    Market players are focusing on strategies such as
    acquisitions and mergers in order to strengthen
    their market share in global intensity modulated
    proton therapy market. For instance, in January
    2020, Ion Beam Application S.A, a leading
    provider of proton therapy solutions, announced
    that the company has signed a contract with
    International Charity Foundation Cartu, the
    largest charity organization in Georgia. The
    contract includes clinical use of Proteus ONE
    solution for scientific research in campus of
    Kutaisi International University, in Georgia.

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  • Furthermore, the increasing number of healthcare
    facilities offering intensity modulated proton
    therapy in Asia Pacific is expected to favor
    growth of the global intensity modulated proton
    therapy market in the region. For instance, in
    2019, Apollo Hospitals Enterprise Limited, an
    Indian hospital chain, started the Apollo Proton
    Cancer Centre (APCC) in India equipped with
    intensity modulated proton therapy and image
    guided radiotherapy.

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  • Global Intensity-Modulated Proton Therapy Market
    - Competitive Analysis.
  • Key players operating in the global intensity
    modulated proton therapy market are Ion Beam
    Applications SA, Hitachi Ltd, Varian Medical
    Systems, Mevion Medical Systems, Inc., Mitsubishi
    Electric Corporation, ProNova Solutions, Proton
    International, Sumitomo Heavy Industries, Ltd,
    and Apollo Hospitals Enterprise Limited.
  • Key Developments-
  • In 2019, Ion Beam Application S.A, a leading
    provider of proton therapy solutions, announced
    an agreement with University of Kansas Health
    System, under this agreement, Ion Beam
    Application S.A will establish proton therapy
    centre with intensity modulated proton therapy at
    the main campus of University in Kansas.
  • In 2018, the Miami Cancer Institute part of
    Baptist Health South Florida announced that they
    have started South Floridas First proton therapy
    centre with intensity modulated proton therapy.

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  • Global Intensity - Modulated Proton Therapy
    Market - Taxonomy
  • By Treatment Type-
  • Single Room
  • Multiple Room
  • By Indication-
  • Brain Cancer
  • Pediatric Cancer
  • Lung Cancer
  • Prostate Cancer
  • Gastro-intestinal Cancer
  • Head and Neck Cancer
  • Others
  • By Region-North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East
  • Africa

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