The global Chile Radiotherapy market size is expected to be worth around US$ 46.0 billion by 2030, according to a new report by Vision Research Reports.
The global Chile Radiotherapy market size was valued at US$ 31.3 Mn in 2020 and is anticipated to grow at a CAGR of 10.7% during forecast period 2021 to 2030.
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Growth Factors
The increasing prevalence of cancer and rising healthcare expenditure are factors expected to propel the growth over the forecast period.
There is a significant gap between the required and installed radiotherapy capacity in Chile. As per a recently published report in the International Journal of Radiation Oncology, Chile had around 41 operative LINACs, which is less than the number required to meet the demand. This provides significant opportunities for growth for the market.
According to the International Agency of Research on Cancer (IARC), the estimated number of new lung cancer cases in Chile was around 4,000 in 2020. The number is expected to reach around 5,500 by 2030. The rising incidence of lung cancer can be attributed to increasing smoking. As per the national health survey, currently, 32.5% of the people in Chile are active smokers. The rising incidence of cancer is expected to drive market growth.
Report Highlights
The external beam radiotherapy segment dominated the market and accounted for the largest revenue share of 96.5% in 2020. External beam radiotherapy is the most widely used form of radiotherapy. All external beam radiation therapy devices such as LINACs, CyberKnife, GammaKnife, and Tomotherapy equipment are expected to grow at a lucrative rate. An increase in awareness about treatment procedures and technological advancements are some of the factors contributing to market growth. External Beam Radiation Therapy (EBRT) is considered highly effective in various conditions, such as breast cancer, esophageal cancer, colorectal cancer, and prostate cancer.
The internal beam radiotherapy segment is anticipated to witness fastest growth over the forecast period owing to the factors such as the ability to deliver precise doses, increased patient preference, and cost-effectiveness. As per data provided by ALATRO (Latin American Association of Radiation Oncological Therapy), Chile had 7 HDR and 2 LDR brachytherapy units installed as of 2017. As per DIRAC data, as of January 2021, there are around 12 brachytherapy units in Chile.
The prostate cancer segment dominated the Chile radiotherapy market and accounted for the largest revenue share of 34.9% in 2020. The segment is expected to witness the fastest growth over the forecast period owing to the high incidence and treatment rate of the indication in Chile. According to IARC statistics, the incidence of the disease in Chile is estimated to be around 8,157 in 2020; this number is expected to reach 11,700 by 2030.
The lung cancer segment is expected to grow at a significant rate in the coming years owing to changes in the lifestyle of the population. According to the IARC, the estimated number of new lung cancer cases in Chile was around 4,000 in 2020. The number is expected to reach around 5,500 by 2030. The rising incidence of the disease can be attributed to an increase in smoking. As per the national health survey, currently, 32.5% of the people in Chile are active smokers.
| Report Coverage | Details |
| Market Size | US$ 46.0 billion by 2030 |
| Growth Rate | CAGR of 10.7% From 2021 to 2030 |
| Base year | 2020 |
| Historic Data | 2017 to 2020 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Type, Application |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
| Companies Mentioned | Varian Medical Systems, Inc.; Elekta AB; Accuray Incorporated; Becton, Dickinson and Company; NTP Radioisotopes; Isoray Medical |
Key Players
Market Segmentation
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The Chile Radiotherapy market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Chile Radiotherapy market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Chile Radiotherapy market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Chile Radiotherapy market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Chile Radiotherapy market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Chile Radiotherapy capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Chile Radiotherapy by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Chile Radiotherapy market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Chile Radiotherapy market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Chile Radiotherapy market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Chile Radiotherapy industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Chile Radiotherapy market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Chile Radiotherapy market.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Chile Radiotherapy market. These factors have benefited the growth of the global market for Chile Radiotherapy. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Chile Radiotherapy. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Chile Radiotherapy are as follows:
Reasons to Purchase this Report:– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
The study objectives of this report are:
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