Increasing Demand for Non-Surgical & Cost Effective Oncology Treatments to Drive the Global Radiation Therapy Equipment Market
The global Radiation Therapy Equipment market is projected to reach US$10.6 billion by 2025 , driven by the epidemic spread of cancer across the world, growing preference for non-surgical cancer treatment options, and increased R&D focus on the development of sophisticated, cost effective and efficient cancer treatment equipment. Cancer has emerged as one of the most critical health issues confronting the world. As per the World Health Organization (WHO), cancer is among the leading causes of mortality as well as morbidity across the world. More than 18 million new cases of cancer are diagnosed each year, with the risk level higher among the world’s aging population. Changing lifestyles and dietary habits, physical inactivity, tobacco consumption, and environmental exposures are contributing to sustained increase in incidence of cancer not just in developed countries but also in developing economies. With cancer incidence expected to reach 25 million by 2030, there is increa...