PUBLISHER: IMARC | PRODUCT CODE: 1609730
PUBLISHER: IMARC | PRODUCT CODE: 1609730
Japan radiotherapy market size reached US$ 421.2 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 716.1 Million by 2032, exhibiting a growth rate (CAGR) of 5.5% during 2024-2032. The inflating healthcare expenditure capacities, along with the growing need for effective treatment methods that relieve symptoms of advanced cancers, are primarily driving the market growth.
Radiotherapy, alternatively referred to as radiation therapy, serves the purpose of retarding the proliferation of cancer cells and reducing the size of tumors. This treatment modality disrupts the genetic material within cancer cells through the utilization of high-energy particles or waves, encompassing options like x-rays, gamma rays, electron beams, or protons. In many cases, it is employed in conjunction with other cancer therapies such as surgery, chemotherapy, and immunotherapy to enhance their efficacy. In line with this, the decision to administer radiotherapy to patients hinges on factors such as the specific cancer type, the tumor's dimensions and location, the patient's medical history, age, and overall health conditions. Consequently, it is used in hospitals across Japan.
The increasing incidence of cancer due to unhealthy dietary habits, insufficient physical activity, rising air pollution levels, and the growing consumption of alcohol and tobacco constitutes a major factor driving market growth in Japan. Furthermore, the risk of cancer development significantly escalates with age, as cellular repair mechanisms become less effective in older individuals. Consequently, the increasing elderly population in Japan is acting as another substantial catalyst for market expansion. Additionally, the advancement of cost-effective, user-friendly radiotherapy products is further augmenting market growth. Furthermore, modern radiotherapy techniques like three-dimensional (3D) conformal, intensity-modulated, and image-guided approaches deliver a higher radiation dose to tumors while minimizing exposure to healthy tissues, enhancing the protection of critical organs, and providing patients with a painless experience, which is acting as another significant growth-inducing factor. These techniques are gaining traction across various applications and healthcare settings for the treatment of chronic diseases, consequently driving global demand for radiotherapy. Moreover, the market is poised for growth due to the escalating healthcare expenditure in both developed and emerging economies within Japan. All these factors are expected to propel the regional market in the coming years.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the key players include:
Please note that this is only a partial list of the key players, and the complete list is provided in the report.