Proton Therapy Market by Product and Geography - Forecast and Analysis 2022-2026

Published: Aug 2022

Pages: 131

SKU: IRTNTR74207

Snapshot

The proton therapy market share is expected to increase by USD 434.26 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 8.38%.

This proton therapy market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers proton therapy market segmentations by product (equipment and services) and geography (North America, Europe, Asia, and Rest of World (ROW)). The proton therapy market report also offers information on several market vendors, including Advanced Oncotherapy plc, Elekta AB, Hitachi Ltd., Ion Beam Applications SA, Mevion Medical Systems Inc., Optivus Proton Therapy Inc, ProTom International Holding Corp., Provision Healthcare, Siemens AG, and Sumitomo Heavy Industries Ltd. among others.

What will the Proton Therapy Market Size be During the Forecast Period?

Download Report Sample to Unlock the Proton Therapy Market Size for the Forecast Period and Other Important Statistics

Proton Therapy Market: Key Drivers, Trends, and Challenges

The increasing prevalence of cancers is notably driving the proton therapy market growth, although factors such as the high cost of proton beam therapy and lack of insurance coverage may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the proton therapy industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Proton Therapy Market Driver

The increasing prevalence of cancers is one of the key drivers supporting the proton therapy market growth. Primarily, the top five leading cancers diagnosed in 2020 were lung cancer, breast cancer, colorectal cancer, prostate cancer, and stomach cancer. These five cancers accounted for approximately 49% of the overall diagnosed cancer cases. Out of these, lung cancer and breast cancer account for the largest number of diagnosed cases. Moreover, the associated risk factors of cancers are also on the rise. A significant proportion of the rise in cancer incidence is attributed to the high body mass index, poor dietary habits, lack of physical activity, tobacco use, and alcohol consumption. Thus, these factors will increase the risk of cancer prevalence, which, in turn, will increase the demand for proton therapy during the forecast period.

Key Proton Therapy Market Trend

Technological advances is one of the key proton therapy market trends contributing to the market growth. For instance, PBS is an advanced way of delivering the proton beam, which achieves much higher levels of conformality to the target, while further decreasing the level of dose to the surrounding tissues in comparison to fan-beam scanning of the proton beam and external beam radiotherapy treatments. It decreases or nearly eliminates neutron scatter dose, especially important in pediatric cancer treatment. These advances are allowing better treatment planning and enabling clinicians to accurately define the location, size, and shape of the tumors to make proton therapy a more practical and accurate form of cancer treatment. Such technological advances are expected to boost market growth in the coming years.

Key Proton Therapy Market Challenge

The high cost of proton beam therapy and lack of insurance coverage is one of the factors hindering the proton therapy market growth. Depending on the number of treatment rooms and whether the facility is above or below grade, proton therapy centers can cost from $600 to $800 per square foot of building area. Healthcare facilities also need to hire additional full-time engineers and physicists to ensure their proper maintenance. Thus, the construction of a proton therapy facility requires high capital investment and may involve complex project financing. Insurance coverage for proton therapy is also not universal among commercial insurance providers because of the lack of adequate randomized control trials that compare the cost-effectiveness of proton beam therapy with other forms of radiation for several indications. Several insurers are now declining to pay for proton therapy for many indications, and some have stopped paying for all indications. These factors are restricting the widescale adoption of proton therapy, which, in turn, is restricting market growth.

This proton therapy market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global proton therapy market as a part of the global healthcare equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the proton therapy market during the forecast period.

Who are the Major Proton Therapy Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

This statistical study of the proton therapy market encompasses successful business strategies deployed by the key vendors. The proton therapy market is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

hitachi.com - Through the IT segment, the company offers products and services such as consulting, cloud systems, software, and others.
hitachi.com - The company offers proton therapy system namely Probeat Series.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The proton therapy market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Proton Therapy Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the proton therapy market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Proton Therapy Market?

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40% of the market’s growth will originate from North America during the forecast period. The US is the key market for proton therapy market in North America. Market growth in this region will be slower than the growth of the market in Europe and Asia.

The increasing prevalence of cancers will facilitate the proton therapy market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 prompted vendors to come up with new business strategies, such as online promotional activities and training for doctors, to raise the demand for proton therapy equipment. This will help the regional proton therapy market grow during the forecast period.

What are the Revenue-generating Product Segments in the Proton Therapy Market?

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The proton therapy market share growth by the equipment segment will be significant during the forecast period. The equipment segment is expected to grow steadily during the forecast period. This is due to the increasing awareness about the clinical benefits of proton therapy and an increase in the number of proton therapy rooms.

This report provides an accurate prediction of the contribution of all the segments to the growth of the proton therapy market size and actionable market insights on post COVID-19 impact on each segment.

Proton Therapy Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 8.38%
Market growth 2022-2026	$ 434.26 million
Market structure	Concentrated
YoY growth (%)	7.56
Regional analysis	North America, Europe, Asia, and Rest of World (ROW)
Performing market contribution	North America at 40%
Key consumer countries	US, Germany, France, China, and Japan
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Advanced Oncotherapy plc, Elekta AB, Hitachi Ltd., Ion Beam Applications SA, Mevion Medical Systems Inc., Optivus Proton Therapy Inc, ProTom International Holding Corp., Provision Healthcare, Siemens AG, and Sumitomo Heavy Industries Ltd.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Proton Therapy Market Report?

CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will drive proton therapy market growth during the next five years
Precise estimation of the proton therapy market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the proton therapy industry across North America, Europe, Asia, and Rest of World (ROW)
A thorough analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of proton therapy market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 12: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Product

5.1 Market segments
- Exhibit 24: Chart on Product - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Product - Market share 2021-2026 (%)

5.2 Comparison by Product
- Exhibit 26: Chart on Comparison by Product
- Exhibit 27: Data Table on Comparison by Product

5.3 Equipment - Market size and forecast 2021-2026
- Exhibit 28: Chart on Equipment - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Equipment - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Equipment - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Equipment - Year-over-year growth 2021-2026 (%)

5.4 Services - Market size and forecast 2021-2026
- Exhibit 32: Chart on Services - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Services - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Services - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Services - Year-over-year growth 2021-2026 (%)

5.5 Market opportunity by Product
- Exhibit 36: Market opportunity by Product ($ million)

6 Customer Landscape

6.1 Customer landscape overview
- Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation
- Exhibit 38: Chart on Market share by geography 2021-2026 (%)
- Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

7.2 Geographic comparison
- Exhibit 40: Chart on Geographic comparison
- Exhibit 41: Data Table on Geographic comparison

7.3 North America - Market size and forecast 2021-2026
- Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)

7.4 Europe - Market size and forecast 2021-2026
- Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)

7.5 Asia - Market size and forecast 2021-2026
- Exhibit 50: Chart on Asia - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on Asia - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on Asia - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on Asia - Year-over-year growth 2021-2026 (%)

7.6 Rest of World (ROW) - Market size and forecast 2021-2026
- Exhibit 54: Chart on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)

7.7 US - Market size and forecast 2021-2026
- Exhibit 58: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on US - Year-over-year growth 2021-2026 (%)

7.8 Germany - Market size and forecast 2021-2026
- Exhibit 62: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on Germany - Year-over-year growth 2021-2026 (%)

7.9 France - Market size and forecast 2021-2026
- Exhibit 66: Chart on France - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on France - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on France - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on France - Year-over-year growth 2021-2026 (%)

7.10 China - Market size and forecast 2021-2026
- Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)

7.11 Japan - Market size and forecast 2021-2026
- Exhibit 74: Chart on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on Japan - Year-over-year growth 2021-2026 (%)

7.12 Market opportunity by geography
- Exhibit 78: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges
- Exhibit 79: Impact of drivers and challenges in 2021 and 2026

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape
- Exhibit 80: Overview on Criticality of inputs and Factors of differentiation

9.3 Landscape disruption
- Exhibit 81: Overview on factors of disruption

9.4 Industry risks
- Exhibit 82: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered
- Exhibit 83: Vendors covered

10.2 Market positioning of vendors
- Exhibit 84: Matrix on vendor position and classification

10.3 Advanced Oncotherapy plc
- Exhibit 85: Advanced Oncotherapy plc - Overview
- Exhibit 86: Advanced Oncotherapy plc - Business segments
- Exhibit 87: Advanced Oncotherapy plc - Key offerings
- Exhibit 88: Advanced Oncotherapy plc - Segment focus

10.4 Elekta AB
- Exhibit 89: Elekta AB - Overview
- Exhibit 90: Elekta AB - Business segments
- Exhibit 91: Elekta AB - Key news
- Exhibit 92: Elekta AB - Key offerings
- Exhibit 93: Elekta AB - Segment focus

10.5 Hitachi Ltd.
- Exhibit 94: Hitachi Ltd. - Overview
- Exhibit 95: Hitachi Ltd. - Business segments
- Exhibit 96: Hitachi Ltd. - Key news
- Exhibit 97: Hitachi Ltd. - Key offerings
- Exhibit 98: Hitachi Ltd. - Segment focus

10.6 Ion Beam Applications SA
- Exhibit 99: Ion Beam Applications SA - Overview
- Exhibit 100: Ion Beam Applications SA - Business segments
- Exhibit 101: Ion Beam Applications SA - Key offerings
- Exhibit 102: Ion Beam Applications SA - Segment focus

10.7 Mevion Medical Systems Inc.
- Exhibit 103: Mevion Medical Systems Inc. - Overview
- Exhibit 104: Mevion Medical Systems Inc. - Product / Service
- Exhibit 105: Mevion Medical Systems Inc. - Key offerings

10.8 Optivus Proton Therapy Inc
- Exhibit 106: Optivus Proton Therapy Inc - Overview
- Exhibit 107: Optivus Proton Therapy Inc - Product / Service
- Exhibit 108: Optivus Proton Therapy Inc - Key offerings

10.9 ProTom International Holding Corp.
- Exhibit 109: ProTom International Holding Corp. - Overview
- Exhibit 110: ProTom International Holding Corp. - Product / Service
- Exhibit 111: ProTom International Holding Corp. - Key offerings

10.10 Provision Healthcare
- Exhibit 112: Provision Healthcare - Overview
- Exhibit 113: Provision Healthcare - Product / Service
- Exhibit 114: Provision Healthcare - Key offerings

10.11 Siemens AG
- Exhibit 115: Siemens AG - Overview
- Exhibit 116: Siemens AG - Business segments
- Exhibit 117: Siemens AG - Key news
- Exhibit 118: Siemens AG - Key offerings
- Exhibit 119: Siemens AG - Segment focus

10.12 Sumitomo Heavy Industries Ltd.
- Exhibit 120: Sumitomo Heavy Industries Ltd. - Overview
- Exhibit 121: Sumitomo Heavy Industries Ltd. - Business segments
- Exhibit 122: Sumitomo Heavy Industries Ltd. - Key offerings
- Exhibit 123: Sumitomo Heavy Industries Ltd. - Segment focus

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist
- Exhibit 124: Inclusions checklist
- Exhibit 125: Exclusions checklist

11.3 Currency conversion rates for US$
- Exhibit 126: Currency conversion rates for US$

11.4 Research methodology
- Exhibit 127: Research methodology
- Exhibit 128: Validation techniques employed for market sizing
- Exhibit 129: Information sources

11.5 List of abbreviations
- Exhibit 130: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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