A new market research report by Future Market Insights on the superficial radiation therapy market includes global industry analysis 2014–2018 and opportunity assessment 2019–2029. As per the findings of the report, the global superficial radiation therapy market reached a valuation of nearly US$ 43.7 Mn in 2018, and is set to see incremental growth in the coming future.
The market growth can be attributed to a slew of underlying factors, with increasing prevalence rate of non-melanoma cancer being the prominent factor of all. This superficial radiation therapy market growth is majorly driven by the advertisement and campaign programs, which have been conducted to increase awareness among the population regarding aftermath of UV rays exposure, which could eventually result in skin cancer.
The effects of the macroeconomic factors such as growing population, rapid industrialization, and urbanization have increased the emission of chlorofluorocarbons in the environment, which is responsible for the depletion of ozone layers. This has increased in the percentage of UV rays coming from the sun which has led to severe skin disorders and skin cancers, which leads to patient pool expansion and will result in lucrative growth of superficial radiation therapy market in most of the regions.
Oceania Region to Offer Lucrative Growth Avenues
For More Detailed Insights on Superficial Radiation Therapy System Market Opportunity
North America and Europe regions are anticipated to hold prominent value shares in the superficial radiation therapy market due to the availability of superficial radiation therapy technology in the region. However, the Oceania region is expected to project profitable market growth in the global superficial radiation therapy market over the forecast period 2019-2029. This growth is propelled by the rapid growth in the aging population who are at high risk of skin cancer in the region, however, diagnostic and treatment-seeking rate in the region is expected to show prominent growth over the forecast period. Also, the economic condition of South Asian countries is developing positively and is likely to increase the demand and adoption of superficial radiation therapy technology in the region.
The superficial radiation therapy systems are anticipated to hold prominent market revenue share of the global superficial radiation therapy market. This has majorly resulted from an increasing number of educational program and campaigns, which are encouraging the population to take necessary measures against sun damage.
The superficial radiation therapy market remains a niche landscape and reflects the influence of two prominent market players, namely Sensus Healthcare and Xstrahl Limited. These players have established themselves as leaders in the global superficial radiation therapy market via strong product portfolios and robust product portfolio. These two key players hold significant market share in the global superficial radiation therapy market. These players are offering superficial radiation therapy system and software and their popular brands are SRT-100, SRT-100 Vision, SRT-100+, Xstrahl Product Series (100, 150, 200, 300) and Software ((100, 150, 200, 300).
For additional insights on the superficial radiation therapy landscape, write to the analyst at firstname.lastname@example.org
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