Philippines Radiotherapy Market, by Product Type (External Beam Radiotherapy Device, Linear Accelerators (LINAC), Advanced Radiotherapy Device, Cobalt-60 Teletherapy System, Internal Radiotherapy (Brachytherapy) Device, and Systemic Radiotherapy), by Procedure Type (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, and Others), by Application (Breast Cancer, Lung Cancer, Cervical Cancer, Prostate Cancer, Head & Neck Cancer, Hematologic Cancer, and Others), and by End User (Hospitals and Cancer Research Institutes) - Size, Share, Outlook, and Opportunity Analysis, 2018 - 2026

  • Published On : May 2019 |
  • Pages : 160 Pages |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Philippines Radiotherapy Market- Insights

Radiotherapy, also known as radiation therapy, uses ionizing radiations that deliver targeted beams of radiation to kill and destroy cancer cells. The advanced technology used in radiotherapy works by bombarding cancerous cells with radiation to kill them, while minimizing damage to the healthy cells around them. Radiotherapy is the most potent treatment for cancer and when integrated with advanced technologies such as image guided therapy, which leads to enhanced control over tumor and toxicity.

Initiatives by various organizations to increase accessibility to radiotherapy is expected to support the market growth

Increasing initiatives by various government organizations to increase access to radiotherapy among patients suffering from cancer in Philippines is expected to create lucrative environment for the Philippines radiotherapy market growth.

For instance, due to high prevalence of cancer in Philippines, the Department of Health (DOH), Philippines, in 2016, decided to strategically establish cancer centers in hospitals to make quality radiation therapy services more accessible to cancer patients, especially those outside Metro Manila.

According to DOH, following hospitals had linear accelerators and other devices installed in the facility; Southern Philippines Medical Center, Cagayan Valley Medical Center, Baguio General Hospital and Medical Center, Bicol Medical Center, Zamboanga City Medical Center, Lung Center of the Philippines, and Vicente Sotto Memorial Medical Center.

Philippines radiotherapy market size was valued at US$ 17.6 Mn in 2018 and is expected to witness a CAGR of 5.8% during the forecast period (2018 – 2026).

Figure 1. Philippines Radiotherapy Market Value (US$ Mn) Analysis and Forecast & Y-o-Y Growth (%)

Philippines Radiotherapy  | Coherent Market Insights

Source: Coherent Market Insights Analysis (2018)

High prevalence of cancer is expected to increase demand for its treatment and support the market growth

High prevalence of cancer in Philippines is expected to significantly increase the demand for its treatment procedures including radiotherapy and significantly support the Philippines radiotherapy market growth. For instance, according to the data published by Philippines Statistics Authority, in February 2018, neoplasms (also called as cancer) was found to be second leading cause of death after ischemic heart disease in Philippines and accounted for 10.4% of total death cases or around 60,470 death in 2016.

According to the Philippines Cancer Society in 2017, around 109,280 new cases of cancer were diagnosed among which around 48,138 were males and 61,142 were females.

High price and presence of alternative to radiotherapy is expected to be major factor negatively affecting the Philippines radiotherapy market growth

High price of radiotherapy devices such as CyberKnife and Gamma knife is expected to be one reason limiting its adoption, as setup of such devices needs high investment, which is not easily affordable by small hospitals in Philippines. Hence, high price of novel radiotherapy devices is expected to be a major factor limiting its adoption and restraining the market growth in Philippines.

For instance, according to the data published by First Dayton Cancer Care, CyberKnife is more expensive than ordinary linear accelerator devices. Investment cost for setting up such device is around US$ 5 million.

Furthermore, presence of alternative methods such as chemotherapy is expected to affect the adoption of radiotherapy and restrain market growth

Figure 2. Philippines Radiotherapy Market Share (%), By Product Type, 2018-2026

Philippines Radiotherapy  | Coherent Market Insights

Source: Coherent Market Insights Analysis (2018)

Market Opportunity

The prevalence of cancer is very high in Philippines and it was found to be second leading cause of death, according to the Philippines Statistics Authority estimates, in 2016.

Furthermore, access to radiotherapy is less in Philippines due to less adoption of devices such as Gamma Knife and CyberKnife.

There is a wide gap between the patient and radiotherapy treatment providers. Hence, key players in the market have opportunity to fill this gap by installing their devices in the region and fulfill these unmet needs.

Regulatory Scenario

In 2017, Philippines implemented new customs clearance procedure for radiation devices.

According to the new guidelines, radiation-emitting medical devices are subjected to a new customs clearance release procedure administered by the Philippines FDA.

For shipment of each radiation-emitting devices in Philippines, importers must obtain Clearance for Customs Release (CFCR) certificate issued by the FDA’s Center for Device Regulation, Radiation Health, and Research (CDRRHR). Applications are processed within 3 working days for a fee of US$ 6 (Philippines Peso 300) per device.

One of the required elements of the CFCR application is a certificate of product registration issued by the national authority in the country of origin. This document must be authenticated by the Philippines embassy in the country of origin.

Key players operating in the Philippines radiotherapy market 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.

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 :
    • External Beam Radiotherapy Device
      • Linear Accelerators (LINAC)
      • Advanced Radiotherapy Device
      • Cobalt-60 Teletherapy System
    • Internal Radiotherapy (Brachytherapy) Device
    • Systemic Radiotherapy
  • Philippines Radiotherapy Market, By Procedure Type:
    • 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
    • Internal Radiotherapy (Brachytherapy)
    • Systemic Radiotherapy
  • Philippines Radiotherapy Market, By Application:
    • Breast Cancer
    • Lung Cancer
    • Cervical Cancer
    • Prostate Cancer
    • Head & Neck Cancer
    • Hematologic Cancer
    • Others
  • Company Profiles
    • Elekta AB*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
    • 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
    • Hitachi, Ltd.

 “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Procedure Type
      • Market Snippet, By Application
      • Market Snippet, By End User
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Regulatory Scenario
    • Reimbursement Scenario
    • Product Launch/ Installed
    • PEST Analysis
    • Porter’s Analysis
    • Imaging For Radiotherapy
      • Computed Tomography (CT) Scan
      • Magnetic Resonance Imaging (MRI)
      • Positron Emission Tomography (PET) Scan
    • Robotic Radiation Therapy
    • Novel Radiotherapy Planning Systems
  4. Philippines Radiotherapy Market, By Product Type, 2016 – 2026 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2018 and 2026 (%)
      • Y-o-Y Growth Analysis, 2017–2026
      • Segment Trends
    • External Beam Radiotherapy Device
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
      • Segment Trends
        • Linear Accelerators (LINAC)
        • Advanced Radiotherapy Device
        • Cobalt-60 Teletherapy System
    • Internal Radiotherapy (Brachytherapy) Device
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
    • Systemic Radiotherapy
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
  5. Philippines Radiotherapy Market, By Procedure Type, 2016 – 2026 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2018 and 2026 (%)
      • Y-o-Y Growth Analysis, 2017–2026
      • Segment Trends
    • External Beam Radiotherapy
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
      • Segment Trends
          • 3-D Conformal Radiation Therapy
          • Intensity-modulated Radiation Therapy (IMRT)
          • Image-guided Radiation Therapy (IGRT) & Tomotherapy
          • Stereotactic Radiosurgery & Stereotactic Body Radiation Therapy
          • Others
    • Internal Radiotherapy (Brachytherapy)
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
    • Systemic Radiotherapy
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
  6. Philippines Radiotherapy Market, By Application, 2016 – 2026 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2018 and 2026 (%)
      • Y-o-Y Growth Analysis, 2017–2026
      • Segment Trends
    • Breast Cancer
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
    • Lung Cancer
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
    • Cervical Cancer
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
    • Prostate Cancer
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
    • Head & Neck Cancer
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
    • Hematologic Cancer
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
  7. Philippines Radiotherapy Market, By End User, 2016 – 2026 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2018 and 2026 (%)
      • Y-o-Y Growth Analysis, 2017–2026
      • Segment Trends
    • Hospitals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
    • Cancer Research Institutes
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
  8. Competitive Landscape
    • Heat Map Analysis
    • Company Profiles
      • Elekta AB
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Accuray Incorporated
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Varian Medical Systems, Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • RaySearch Laboratories AB
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Mevion Medical Systems, Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Isoray, Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Nordion, Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Becton, Dickinson and Company
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Ion Beam Applications SA
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Hitachi, Ltd.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 30 market data tables and 31 figures on “Philippines Radiotherapy Market -forecast to 2026”.

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