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Radiotherapy: A Ray of Hope for Cancer Patients

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Pramod Kumar

The prevalence of cancer has been increasing across the globe, which can be attributed to the changing lifestyle of people. One of the several chronic diseases that are now a major worldwide health concern is cancer . Cancer has different types, and while some of these may develop due to a person’s lifestyle and habit, others can just be a matter of genetics and inheritance.

 

Though the disease can affect any tissue or organ of the body, it is always caused due to an abnormal and uncontrollable growth of cells. The abnormal growth often goes beyond its initial boundaries, invading other body parts and eventually spreading to other organs. The last among these three processes, when the cancer starts spreading to other body parts, is referred to as metastasis, which is a key cause of cancer deaths.


Quite simply, radiotherapy or radiation therapy involves the utilization of radiation, typically X-rays, for treating cancer. While the technology is used mostly for treating cancer, it is also utilized, though less commonly, for the treatment of blood disorders, thyroid disease, and noncancerous growths.

 

According to a report by P&S Intelligence, the global radiotherapy market is predicted to reach a value of $17,194.4 million by 2030, increasing from $7,222.4 million in 2019, at an 8.4% CAGR during the forecast period (2020–2030).


The adoption of radiotherapy has been the highest in North America up till now, and for good reason, due to the wide installation base for radiotherapy equipment in the U.S. In addition to this, the extensive presence of research institutes and private healthcare providers, which are actively deploying radiotherapy equipment, is a major reason for the high volume of radiation treatments in the continent.

 

The healthcare expenditure in the region is also increasing. According to the World Bank Group, healthcare spending in the U.S. rose from 16.5% of its GDP in 2014 to 17.1% in 2017. Similarly, healthcare expenditure in Canada increased from 10.1% of its GDP in 2014 to 10.6% in 2017. Since the situation is expected to remain the same in the region in the years to come, the demand for radiotherapy equipment is also predicted to be the highest here.

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Pramod Kumar
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