Proton Therapy Market – Insights

Proton therapy, also known as proton radiotherapy, uses high-energy beams to treat tumors. The approach involves depositing of a precision dose of high energy radiation in the target tumor. It is widely used in the treatment of cancer. Protons scatter less than other forms of x-ray radiation, thereby ensuring less damage to the surrounding healthy tissues. 

Statistics:

The global proton therapy market is estimated to account for US$ 4,494.0 Mn in terms of value by the end of 2027.

Global Proton Therapy Market: Drivers

Increasing prevalence of cancer is expected to boost growth of the global proton therapy market over the forecast period. For instance, according to the World Health Organization, around 18.1 million new cases and 9.6 million deaths were registered due to cancer worldwide in 2018.

Moreover, increasing number of healthcare facilities offering proton therapy is also expected to aid in growth of the market. For instance, in February 2020, Illinois Health Facilities and Services Review Board approved the OSF HealthCare plan to construct cancer care center that offers proton-beam therapy.

Figure 1. Global Proton Therapy Market Share (%), by Region, 2019

Europe region held dominant position in the global proton therapy market in 2014, accounting for 37.2% share in terms of volume, followed by North America.

Proton Therapy  | Coherent Market Insights

Source: Coherent Market Insights Analysis (2020)

Global Proton Therapy Market: Restraints

High cost of proton therapy is expected to hinder growth of the market. For instance, proton therapy costs range around US$ 30,000 to US$ 120,000.

Moreover, proton therapy devices are very larger in size and require a larger space with dedicated areas. The setup cost is exclusive of the device cost, which further increases investment, thereby limiting growth of the market.

Global Proton Therapy Market: Opportunities

Introduction of proton therapy in emerging economies is expected to offer lucrative growth opportunities for players in the market. Currently, proton therapy is available in major developed countries such as Switzerland, Austria, U.S., China, Denmark, Japan, Netherlands, and Russia. Therefore, market players can focus on expanding their presence in emerging economies.

Moreover, development of compact machines is also expected to aid in growth of the market.  Proton therapy devices currently available in the market require large area for set up. Therefore, market players can focus on reducing the size of all the parts in proton therapy devices.

Proton Therapy  | Coherent Market Insights

Single Room segment in the global proton therapy market was valued at US$ 407.3 Mn in 2019 and is expected to reach US$ 980.0 Mn by 2027 at a CAGR of 11.6% during the forecast period.

Market Trends/Key Takeaways     

Major players in the market are focused on expanding their presence in emerging economies. For instance, in February 2020, Ion Beam Applications S.A. signed a contract to install a ProteusONE compact proton therapy solution at the RSPAD Gatot Soebroto Presidential Hospital in Jakarta, Indonesia.

The market is witnessing increasing installation of standalone proton therapy centers. For instance, in March 2020, Stantec, a design and construction firm, delivered Johns Hopkins Hospital (U.S.) a new medical facility devoted specifically to proton therapy.

Proton Therapy  | Coherent Market Insights

Global Proton Therapy Market: Competitive Landscape 

Major players operating in the global proton therapy market include, Hitachi Ltd., Ion Beam Applications SA, Mevion Medical Systems, Mitsubishi Electric Corporation, ProNova Solutions, LLC, ProTom International, Sumitomo Heavy Industries Ltd., and Varian Medical Systems.

Global Proton Therapy Market: Key Developments

Major players in the market are focused on expanding their customer base. For instance, in January 2020, Ion Beam Applications S.A. signed a contract with International Charity Foundation Cartu to install a ProteusONE solution in Georgia (U.S.)

Similarly, in November 2019, Mevion Medical Systems signed an agreement with Chung Shan Medical University Hospital and ASYS Corp to provide advanced proton therapy in Central Taiwan.

Proton Therapy used for treating tumors, and is also known as proton radiotherapy. The therapy utilizes precision dose of high energy radiation in the target cancer cells and tumor cells. Proton therapy is used as a combination therapy with other treatment methods. Proton therapy offers several advantages such as precise targeting of tumors and cancer cells, minimal exit dose, reduced overall toxicity. Increasing funding for cancer research is expected to offer lucrative growth opportunities for players in the market. Furthermore, increasing number of healthcare facilities offering proton therapy is also expected to aid in growth of the market.

Key features of the study:

  • This report provides in-depth analysis of the Proton Therapy market  and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2019–2027), considering 2018 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategy adopted by key players
  • It profiles key players in the global Proton Therapy market  based on the following parameters – company overview, financial performance, product portfolio, market presence, distribution strategies, key developments, strategies, and future plans
  • Key companies covered as a part of this study include, Hitachi Ltd., Ion Beam Applications SA, Mevion Medical Systems, Mitsubishi Electric Corporation, ProNova Solutions, LLC, ProTom International, Sumitomo Heavy Industries Ltd., and Varian Medical Systems.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
  • The global Proton Therapy 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 various strategy matrices used in analyzing the global Proton Therapy market

Detailed Segmentation:

  • Proton Therapy Market, By Set up Type:
    • Single Room
    • Multiple Room
  • Proton Therapy Market, By Indication:
    • Head & Neck Cancer
    • Brain Cancer
    • Sarcoma
    • Pediatric Cancer
    • Gastro-intestinal Cancer
    • Prostate Cancer
    • Lung Cancer
  • Proton Therapy Market, By Region:
    • North America
      • By Set up Type:
        • Single Room
        • Multiple Room
      • By Indication
        • Head & Neck Cancer
        • Brain Cancer
        • Sarcoma
        • Pediatric Cancer
        • Gastro-intestinal Cancer
        • Prostate Cancer
        • Lung Cancer
      • By Country:
        • U.S.
        • Canada
    • Latin America
      • By Set up Type:
        • Single Room
        • Multiple Room
      • By Indication
        • Head & Neck Cancer
        • Brain Cancer
        • Sarcoma
        • Pediatric Cancer
        • Gastro-intestinal Cancer
        • Prostate Cancer
        • Lung Cancer
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Set up Type:
        • Single Room
        • Multiple Room
      • By Indication
        • Head & Neck Cancer
        • Brain Cancer
        • Sarcoma
        • Pediatric Cancer
        • Gastro-intestinal Cancer
        • Prostate Cancer
        • Lung Cancer
      • By Country:
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Set up Type:
        • Single Room
        • Multiple Room
      • By Indication
        • Head & Neck Cancer
        • Brain Cancer
        • Sarcoma
        • Pediatric Cancer
        • Gastro-intestinal Cancer
        • Prostate Cancer
        • Lung Cancer
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Set up Type:
        • Single Room
        • Multiple Room
      • By Indication
        • Head & Neck Cancer
        • Brain Cancer
        • Sarcoma
        • Pediatric Cancer
        • Gastro-intestinal Cancer
        • Prostate Cancer
        • Lung Cancer
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Set up Type:
        • Single Room
        • Multiple Room
      • By Indication
        • Head & Neck Cancer
        • Brain Cancer
        • Sarcoma
        • Pediatric Cancer
        • Gastro-intestinal Cancer
        • Prostate Cancer
        • Lung Cancer
      • By Country:
        • South Africa
        • Central Africa
        • North Africa
  • Company Profiles
    • Hitachi Ltd. *
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Overview
      • Strategies
    • Ion Beam Applications SA
    • Mevion Medical Systems
    • Mitsubishi Electric Corporation
    • ProNova Solutions, LLC
    • ProTom International
    • Sumitomo Heavy Industries Ltd.
    • Varian Medical Systems
  •  “*” 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 Set up Type
      • Market Snippet, By Indication
      • Market Snippet, By Region
      • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Key Highlights
    • Product launch
    • PEST Analysis
    • Regulatory Scenario
    • Mergers and Acquisitions
  4. Global Proton Therapy Market, By Set up Type, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Single Room
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Multiple Room
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  5. Global Proton Therapy Market, By Indication, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Head & Neck Cancer
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Sarcoma
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Pediatric Cancer
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Gastro-intestinal Cancer
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Prostate Cancer
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Lung Cancer
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  6. Global Proton Therapy Market, By Region, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, By Region, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, For Regions, 2017–2026
    • North America
      • Market Size and Forecast, By Set up Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Indication, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • U.S.
        • Canada
    • Latin America
      • Market Size and Forecast, By Set up Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Indication, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • Market Size and Forecast, By Set up Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Indication, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Set up Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Indication, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of APAC
    • Middle East
      • Market Size and Forecast, By Set up Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Indication, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Market Size and Forecast, By Set up Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Indication, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • South Africa
        • Central Africa
        • North Africa
  7. Competitive Landscape
    • Company Profiles
      • Hitachi Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Ion Beam Applications SA
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Mevion Medical Systems
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Mitsubishi Electric Corporation
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • ProNova Solutions LLC
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • ProTom International
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Sumitomo Heavy Industries Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Varian Medical Systems
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 22 market data tables and 12 figures on “Proton Therapy Market - Global forecast to 2027”.

Frequently Asked Questions

This report provides in-depth analysis of the global Proton Therapy market and provides market size (US$ Mn) and compound annual growth rate (CAGR) (%) for the forecast period (2019 – 2027). The report also provides also provides valuable insights about market drivers, restraints, opportunities, country outlook, and competitive strategies adopted by the leading players.
Key segments covered in the report include: By Set up Type, By Indication, By Region
The report provides also provides valuable insights about market drivers, restraints, opportunities, country outlook, and competitive strategies adopted by the leading players.
Increasing prevalence of cancer, and technological advancements in product design.
The report profiles leading players in the global Proton Therapy market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, key developments, and future plans. Key players profiled in the report comprise of: Hitachi Ltd., Ion Beam Applications SA, Mevion Medical Systems, Mitsubishi Electric Corporation, ProNova Solutions, LLC, ProTom International, Sumitomo Heavy Industries Ltd., and Varian Medical Systems.