DUBAI, United Arab Emirates, Feb. 02, 2022 (GLOBE NEWSWIRE) — The global Radiotherapy Patient Positioning Accessories Market is expected to top US$ 588.8 Mn by the end of 2022. Growing awareness regarding innovative non-invasive therapeutics procedures for the treatment of cancer is encouraging patients to adopt radiotherapy, which is in turn, favoring the growth in the market.
Estimated to exceed the revenues of US$500 million in 2022, the global Radiotherapy Patient Positioning Accessories Market is projected to witness a moderate 4.3% annual growth in revenue, over that in 2021. According to a recent research study of Future Market Insights (FMI ), nearly 1/5th of the overall installed base of radiotherapy patient positioning accessories is accounted by couch tops and overlays, followed by immobilization systems.
|Radiotherapy Patient Positioning Accessories Market Estimated Size in 2022||$588.8 Mn|
|Radiotherapy Patient Positioning Accessories Market Projected Size in 2028||$793.1 Mn|
|Radiotherapy Patient Positioning Accessories Market Historical CAGR (2013-2021)||4.2%|
|Radiotherapy Patient Positioning Accessories Market Value-based CAGR (2022-2028)||5.1%|
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More than 40% of the total adoption of radiotherapy patient positioning accessories is registered by hospitals at a global level, as indicated by FMI’s report. A higher rate of demand for radiotherapy patient positioning accessories is likely to be recorded by cancer research institutes and radiation therapy/proton therapy centers, in the forthcoming years.
Government Support Pivotal in Accelerating Installation of Radiotherapy Patient Positioning Accessories
North America and Europe currently hold a combined revenue share of over 60% in the global radiotherapy patient positioning accessories market. Remarkable increase in the rate of early cancer diagnosis is leading to hike in the adoption of radiotherapy, more prominently in developed countries such as the US, UK, and Germany among others. Moreover, the study opens that the increasing awareness about multiple types of cancers, further backed by favorable government initiatives regarding cancer diagnosis and treatment, will be one of the strongest factors pushing penetration of radiotherapy patient positioning accessories within developed regional markets.
On the other side, governments of several developing countries are also extending support and investments in the cancer diagnosis and treatment space, particularly through screening camps – which is boosting the diagnosis rates of cancer. This according to the report is mainly responsible for promising growth in the installed base of radiotherapy systems and patient positioning accessories. According to FMI’s analysis, the flourishing medical tourism sector is also registering a significant contribution to the thriving demand for radiotherapy patient positioning accessories in emerging emerging.
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Scope of the Report
|Historical Data Available for||2013-2021|
|Market Analysis||US$ Mn for Value|
|Key Regions Covered||North America, Latin America, Europe, East Asia, South Asia,
Oceania, Middle East & Africa
|Key Countries Covered||US, Canada, Germany, UK, France, Italy, Spain, Poland,
Russia, China, Japan, South Korea, India, Thailand, Malaysia,
Vietnam, Indonesia, Australia, New Zealand, GCC Countries,
Turkey, Northern Africa, South Africa
|Key Segments Covered||Product Type, End User, and Region|
|Key Companies Profiled||• Bionix Radiation Therapy
• CDR Systems
• CIVCO Radiation
• Orfit Industries NV
• IZI Medical Products
• Klarity Medical Products
• Qfix, Elekta AB
• Eckert & Ziegler BEBIG
|Report Coverage||Market Forecast, brand share analysis, competition intelligence,
DROT analysis, Market Dynamics and Challenges,
Strategic Growth Initiatives
Strategic Efforts in Stronger Distribution Network Gathering Momentum among Manufacturers
Some of the key players actively competing in the radiotherapy patient positioning accessories market include Bionix Radiation Therapy, CDR Systems, CIVCO Radiation, Orfit Industries NV, IZI Medical Products, Klarity Medical Products, Qfix, Elekta AB, and Eckert & Ziegler BEBIG, among others . Several leading manufactures are focused on the development and approval of new products. CIVCO Radiotherapy announced the FDA clearance and CE mark for their Solstice SRS Immobilisation System, in the H2 2021.
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Strong distribution partnerships tend to result in effective product reach across the value chain and thereby supports the business growth. While the growing trend of strategic distribution partnerships between peer companies operating in the radiotherapy patient positioning accessories market is translating into improved product outreach, FMI’s analysis suggests that collaborative activities in terms of distribution of radiotherapy patient positioning accessories will particularly benefit smaller players in the market. Recently, POLL Medical entered the partnership with CIVCO for the global distribution of CE-marked GrayDuck Stents.
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Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, US and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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