Market Size of Global Particle Therapy Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 7.60 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Particle Therapy Market Analysis
The particle therapy market is expected to register a CAGR of 7.6% over the forecast period.
The COVID-19 pandemic has affected the healthcare systems globally and also had a significant impact on particle therapy for cancer patients. Cancer patients are more likely to develop a COVID-19 infection and are also more likely to experience serious and perhaps deadly consequences from the infection. The difficulty for radiation oncology clinics is to safely balance a patient's risk of getting COVID-19 while undergoing radiation treatment against their risk of cancer progression if treatment is postponed. For instance, as per the report titled" Prioritization of Proton Patients in the COVID-19 Pandemic: Recommendations from The New York Proton Center" published in May 2020, the New York Proton Center established an internal algorithm to address the challenges of radiation treatment during the pandemic, that considers treatment-related, tumor-related, and patient-related characteristics. This type of algorithm helped cancer patients to continue proton therapy while keeping the rate of COVID-19 infection low.
The factors that are driving the market growth include advantages offered by particle therapy and the growing global prevalence of cancer. The number of people suffering from various cancers has been found to be a major driving factor for this market. According to the report titled "Current and future burden of breast cancer: Global statistics for 2020 and 2040" pubished in September 2022, there were 2.3 million new cases and 685,000 deaths from breast cancer occurred in 2020 and by 2040, the burden from breast cancer is predicted to increase to over 3 million new cases and 1 million deaths every year because of population growth and ageing alone. Since particle therapies are used to treat cancers, the growing prevalence of the same is expected to be the major driver of the growth of this market.
Therefore, owing to the aforementioned factors, the studied market is expected to grow significantly during the study period. However, infrastructural challenges in healthcare facilities and unfavorable reimbursement policies and limited insurance coverage of particle therapy are expected to hinder the market growth during the study period.
