Linear accelerators are medical devices used for external beam radiation therapy in cancer treatment. They generate high-energy x-ray or electron beams used to destroy cancer cells. Linear accelerators offer non-invasive cancer treatment with minimal side effects.
The global Linear Accelerators for Radiation Market is estimated to be valued at US$ 6.9 Bn in 2023 and is expected to exhibit a CAGR of 5.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The adoption of new technologies is one of the key trends driving the growth of the linear accelerators for radiation market. Manufacturers are increasingly focusing on developing innovative linear accelerators with advanced features such as machine learning, artificial intelligence, and high-definition imaging. This is allowing healthcare providers to customize radiation treatments for each patient and monitor the progress in real-time. With technological advancements, linear accelerators are becoming more effective and easy-to-use. This wider applicability of linear accelerators due to new technologies is expected to boost the demand over the forecast period.
Segment Analysis
The global linear accelerators for radiation market is dominated by the medical technology and equipment segment. This segment accounts for over 85% of the market share as linear accelerators are widely used for external beam radiation therapy in cancer treatment. They help to deliver high doses of radiation to tumors while protecting surrounding healthy tissues from damage. Within the medical technology segment, the linear accelerator systems sub-segment holds the major share due to advancements in linear accelerator technologies capabilities to treat various types of cancers effectively.
Key Takeaways
The Global Linear Accelerators For Radiation Market Size is expected to witness high growth over the forecast period of 2023 to 2030. The market is projected to grow at a CAGR of around 5.7% during this period and reach a size of over US$ 6.9 Bn by 2030.
Regional analysis
North America currently dominates the global linear accelerators for radiation market and is expected to continue its leading position over the forecast years. This can be attributed to the increasing prevalence of cancer and rising adoption of advanced radiation therapies in the region. The market in North America is estimated to expand at a CAGR of around 5% during the forecast period. Asia Pacific is anticipated to emerge as the fastest-growing market, primarily driven by growing healthcare infrastructure and investment, large patient pool, and increasing awareness about advanced cancer treatment options in developing countries of the region.
Key players
Key players operating in the linear accelerators for radiation market include H.B. Fuller, Henkel AG & Co. KgaA, and The Dow Chemical Company. H.B. Fuller is a leading provider of adhesives, sealants and other specialty chemical products. It offers a wide range of adhesive technologies including water-based, solvent-based, reactive, and hot melt technologies for various applications including medical. Henkel AG & Co. KgaA is globally recognized for its adhesive bonding, sealing and functional coating solutions. It provides customized product solutions for medical devices assembly. The Dow Chemical Company is a diversified chemical company engaged inresearch, development and production of precision adhesives and sealants. It offers bio-compatible product offerings suitable for various medical applications.
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The global Linear Particle Accelerators market is segmented by company, region (country), by Type, and by Application.
The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2027.Download FREE Sample of this Report @ https://www.statsmarketresearch.com/download-free-sample/6350840/global-linear-particle-accelerators-2021-633Segment by TypeLow-EnergyHigh-EnergySegment by ApplicationHospitalsClinicsResearch CentersThe Linear Particle Accelerators market is analysed and market size information is provided by regions (countries).
Segment by Application, the Linear Particle Accelerators market is segmented into North America, Europe, China, Japan, Southeast Asia, India and Other Regions.By CompanyVarian Medical SystemsElekta GroupAccuray IncorporatedSameerCarl ZeissSiemens HealthcareBrainlab AGLaird TechnologiesAltair TechnologiesMedAustronSordina Iort TechnologiesSHINVA Medical InstrumentAccSys TechnologyReasons to Purchase Our Research Report:1.
Market dynamics scenario, along with growth opportunities of the market in the years to come3.
Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects4.
Regional and country-level analysis integrating the demand and supply forces that are influencing the growth of the market.5.
