Superficial Radiation Therapy System Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

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Superficial Radiation Therapy System Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : August, 2020 | Medical Devices | PPT format

Report Digest

Global Superficial Radiation Therapy System Market: Overview 

In 1890 Wilhelm Conrad Roentgen, a German physics professor, presented his lecture titled "Concerning a New Kind of Ray" and introduced X-ray and its application to vast domain of healthcare. In recent past, the medical industry has been welcoming new ways of treatment models for the treatment of cancer at an unprecedented rate. The major trends of the industry include growing pipeline of cancer-drug candidates, emergence of clinical trials, and abundance of clinical and real-world data. 

Today superficial radiation therapy systems have gained massive popularity as a non-invasive and efficacious option for skin cancer treatment. Based on their seamless elimination of risks regarding post-surgery infections and other complications, superficial radiation therapy systems have proved their worth in cancer treatment. The factor is helping the market make rapid strides these days. 

A report by TMR Research offers in-depth analysis of the global superficial radiation therapy system market enabling the readers to have a crystal clear image of its growth dynamics. The report enables the market stakeholders to have a better decision-making which can subsequently add to their profit quotient. 

Global Superficial Radiation Therapy System Market: Notable Developments 

Major players of global superficial radiation therapy system market are focusing on delivering systems that ensure outstanding accuracy. Consistent innovation has been the major focus area for the players to carve out their niche in the superficial radiation therapy system market. Moreover, the players are also involving themselves with various seminars, thereby encouraging the development of technologically-advanced superficial therapy radiation systems. 

  • In 2018, Sensus Healthcare, Inc. installed latest SRT-100 system at Hillcrest Plastic Surgery located in Orlando, Florida. The system is dedicated to the treatment of keloid scars. As a result of this installation, the Hillcrest Plastic Surgery can now effectively treat the patients suffering from the skin scars. 

On the other hand, the strategies such as mergers and acquisitions also hold a significant importance for incumbent players. 

Global Superficial Radiation Therapy System Market: Key Drivers 

Pipeline of Cancer Treatment Drugs to Shape the Demands 

According to various studies, skin cancer remains the most common cases of cancer in various parts of the world, with more than 5 million cases every year in the U.S alone. This vast prevalence has propelled the demand for a robust pipeline for cancer treatments. As a result of growing preference of non-invasive procedures, the global market of superficial radiation therapy systems is likely to experience a consistent growth in the forecast period of 2018 to 2028. 

Artificial Intelligence to Drive More Opportunities 

AI has been one of the most prominent buzzwords in almost every vibrant field, and radiotherapy has seen one of the most extensive applications of the technology. The development of AI over a period of time is likely to have great impact on the product development of superficial radiation therapy market. This shall also make way for the addition of various new features and attributes to current systems. Also, integration of AI with superficial radiation therapy system is likely to make profound influence treatment planning, automated image processing, and clinical support. 

Global Superficial Radiation Therapy System Market: Regional Analysis 

North America is expected to emerge as leading region of the superficial radiation therapy system market. The prominence of the region is the result of growing pipeline for various cancer treatments that demand for low dosage of radiation. Moreover, growing number of technological advancements are constantly focusing on energy efficiency of superficial radiation therapy systems. This is also a key factor responsible for the prominence of North America over other regions of global superficial radiation therapy system market. 

The global superficial radiation therapy system market is segmented on the basis of: 

  • Application 
    • Basal Cell Carcinoma
    • Squamous Cell Carcinoma
    • Keloid Scars
    • Psoriasis
    • Kaposi Sarcoma (Plaque Stage)
    • Bowen’s Disease
    • Cutaneous T-cell Lymphoma
    • Soft Tissue Metastases 
  • End User 
    • Hospitals
    • Ambulatory Surgical Centers
    • Cancer Research Institutes
    • Dermatology Centers

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.