Philippines Radiotherapy Market Analysis (2020-2027)
Radiation therapy or radiotherapy is a cancer treatment therapy, which uses high doses of radiations to kill cancer cells and shrink tumors. Several types of radiotherapies such as external beam radiation therapy, internal beam radiation therapy/ brachytherapy, and systemic radiation therapy are available to combat various types of cancers prevalent, globally. External beam radiation therapy is used to treat various types of cancers, including brain tumors, bladder cancer, and bone cancers. Brachytherapy is often used to treat cancers of the head and neck, breast, cervix, prostate, and eye, while systemic radiation therapy is often used to treat certain types of thyroid cancers using radioactive iodine.
Market Dynamics
Installment of novel technologically advanced radiotherapy equipment in Philippines for the treatment of various types cancer is expected to drive the Philippines radiotherapy market growth over the forecast period.
For instance, in 2015, the Philippine Gamma Knife Center at Manila’s Cardinal Santos Medical Center acquired Elekta’s Leksell Gamma Knife Perfexion stereotactic radiosurgery system, an advanced radiosurgery device with high accuracy, which is used for the treatment of brain and neck tumors.
High prevalence of cancers in Philippines is expected to be another factor increasing demand for radiotherapy for its treatment and significantly support Philippines radiotherapy market growth in near future.
As per the Philippine Cancer Society estimates in 2015, around 2,104 people suffered from leukemia, which accounts for 3% of the total cancer cases and around 1,160 people suffered from non-Hodgkin Lymphoma, which accounts for around 2% of all cancer cases
Furthermore, rising geriatric population in Philippines is expected to increase the chances of prostate cancer in males, which in turn is expected to increase demand for novel treatments such as radiotherapy for its treatment. For instance, according to the HelpAge, there were around 5,905,000 old people in Philippines in 2012, which is expected to reach around 23,633,000 by 2050.
Key features of the study:
· This report provides in-depth analysis of the Philippines radiotherapy market and provides market size (US$ Million) and Compound Annual Growth Rate (CAGR %) for the forecast period (2018 – 2026), considering 2017, as the base year
· It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrices for this market
· This study also provides key insights into market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by key players
· It profiles key players in the Philippines radiotherapy market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies, and future plans
· Key companies covered as a part of this study include, Elekta AB, Accuray Incorporated, Varian Medical Systems, Inc., RaySearch Laboratories AB, Mevion Medical Systems, Inc., Isoray, Inc., Nordion, Inc., Becton, Dickinson and Company, Ion Beam Applications SA, and Hitachi, Ltd.
· Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
· The Philippines radiotherapy market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
· Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the Philippines radiotherapy market
Detailed Segmentation:
· Philippines Radiotherapy Market, By Product Type :
o External Beam Radiotherapy Device
§ Linear Accelerators (LINAC)
§ Advanced Radiotherapy Device
§ Cobalt-60 Teletherapy System
o Internal Radiotherapy (Brachytherapy) Device
o Systemic Radiotherapy
· Philippines Radiotherapy Market, By Procedure Type:
o External Beam Radiotherapy
§ 3-D Conformal Radiation Therapy
§ Intensity-modulated Radiation Therapy (IMRT)
§ Image-guided Radiation Therapy (IGRT) & Tomotherapy
§ Stereotactic Radiosurgery & Stereotactic Body Radiation Therapy
§ Others
o Internal Radiotherapy (Brachytherapy)
o Systemic Radiotherapy
· Philippines Radiotherapy Market, By Application:
o Breast Cancer
o Lung Cancer
o Cervical Cancer
o Prostate Cancer
o Head & Neck Cancer
o Hematologic Cancer
o Others
· Company Profiles
o Elekta AB*
§ Company Overview
§ Product Portfolio
§ Financial Performance
§ Key Strategies
§ Recent Developments
o Accuray Incorporated
o Varian Medical Systems, Inc.
o RaySearch Laboratories AB
o Mevion Medical Systems, Inc.
o Isoray, Inc.
o Nordion, Inc.
o Becton, Dickinson and Company
o Ion Beam Applications SA
o Hitachi, Ltd.
“*” marked represents similar segmentation in other categories in the respective section.
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