Top 3 Trends Underscoring Growth Opportunities for the Proton Therapy Market

SMC is a major pharmaceutical contract manufacturer, and finished medical devices based in the U.S. that has recently acquired Oval Medical Technologies, which is a specialty pharmaceutical device company developing next generation auto injectors based in the U.K. Moreover, recently U.K., has received a £ 17 Mn machine for treatment of cancer through proton beam. In addition, Providence proton has recently announced its partnering with St. Vincent’ Birmingham, and Bruno Cancer Center in order to bring advanced proton therapy cancer treatment to Birmingham, Alabama. Due to such factors, global proton therapy market will witness a significant growth in the global proton therapy market over the coming years.

The global proton therapy market will witness a growth of 15.2% CAGR in terms of revenue over the forecast period, 2016-2024. The lung cancer indication will represent the most lucrative segment in the market in the coming years. The multiple-room therapy is likely to gain traction by accounting for over three-fourth of the global revenues over the coming years.

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Significant trends that are propelling growth of the global proton therapy market include,

  1. Increasing Acquisitions and Mergers:

Various companies that are operating in the pharmaceutical sector are increasingly entering into mergers and acquisitions. Recently, Oval Medical Technologies was acquired by a U.S. based company, SMC. Oval Medical Technologies is a specialty pharmaceutical device company that is developing the next generation auto injectors based in U.K. Furthermore, Providence protons has recently announced its partnership with St. Vincent’ Birmingham, and Bruno Cancer Center, in order to offer advanced proton therapy treatment in Birmingham, Alabama.

With increasing preference for non-invasive treatment of cancerous tumors, the global proton therapy system market will witness opportunistic growth in the coming years. Moreover, proton therapy will further witness a surge in adoption for the treatment of gastro-intestinal cancer, head & neck cancer, lung cancer and pediatric cancer. However, the proton therapy will be impacted by therapy’s side-effects that include skin irritation, fatigue, skin blistering, and swelling.

  1. Enhanced Technology:

Various companies operating in the pharmaceuticals sector are increasingly adopting enhanced technologies in order to improve services related to proton therapy. In addition, U.K. has received a £ 17 Mn machine for treatment of cancer through proton beam. The revolutionary technology uses a high energy beam of protons, instead of x-rays, in order to deliver radiotherapy for patients with the reduced risk of damaging surrounding healthy organs. Among various devices for proton therapy, the multiple patient room will witness relatively more demand, so that more than two patients can be treated at the same time. Furthermore, the proton therapy applications are mainly inclined towards lung cancer and gastro-intestinal problems due to recommendation of healthcare professionals.

Indication for lung cancer among other segments is likely represent the most lucrative market in the proton therapy market globally over the coming years. Moreover, lung cancer among other indications will represent an attractiveness index of 1.5 in the coming years. In addition, head and neck cancer and pediatric cancer segments among others will represent a market attractiveness index of 1.3 and 0.8, respectively.

  1. Regional Analysis:

North America among regions will account for less than one-third of the global revenues over the coming years. Moreover, the proton therapy market in Europe among other regions will retain dominance, accounting for nearly 38% share in the coming years. Furthermore, the proton therapy market in Europe will further witness a growth of 15.7% CAGR in terms of revenue over the coming years.

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All in all, various companies are increasingly using enhanced technologies in their products that offer proton therapy services. Such development have significantly contributed towards growth of the proton therapy market globally in the coming years. Moreover, with increasing mergers, acquisitions, and partnerships among various companies operating in the pharmaceuticals sector, demand for proton therapy is likely to witness an upsurge in the coming years. In addition, increasing product launches by companies operating in the healthcare sector will further propel growth of the global proton therapy market over the coming years.

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