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Report Overview
2023
Base Year
2017-2023
Historical Year
2024-2032
Forecast Year
Global Proton Therapy Market Outlook
The global proton therapy market size was valued at USD 1314.6 million in 2023, driven by the increasing incidence of cancer across the globe. The market is expected to grow at a CAGR of 12.4% during the forecast period of 2024-2032, with the values likely to rise from USD 1477 million in 2024 to USD 3749.8 million by 2032.
Proton Therapy: Introduction
Proton therapy is a type of radiation therapy that treats cancer with the help of positively charged ions (protons). It may also be used in the treatment of some noncancerous tumours or in conjunction with treatments like chemotherapy or surgery. Proton therapy has garnered high popularity owing to its minimal side effects when compared to conventional methods as doctors have better hold at controlling the site of energy accumulation.
Global Proton Therapy Market Analysis
The rising prevalence of cancer is a major factor leading to proton therapy market demand. While radiation has been a common part of cancer treatment, proton therapy is now gaining popularity owing to its minimal side effects when compared to traditional radiotherapy. It also facilitates the patients to continue with day-to-day lives owing to its painless nature.
The proton therapy market value is also anticipated to grow with increasing encouragement by regulatory authorities like American Society for Radiation Oncology (ASTRO) to apply the therapy on patients. Consequently, new age pharmaceutical companies are now dedicated to use the therapy. In September 2023, Shuttle Pharmaceuticals Holdings, Inc. conveyed their commitment to employ the treatment on patients at the Hampton University Proton Therapy Institute Prostate Cancer & Men's Health Fair.
The market is anticipated to grow with the rising set up proton system into the existing infrastructure. In October 2023, Hitachi launched Southeast Asia’s first proton therapy system in National Cancer Centre Singapore (NCCS). This system is equipped with four rotating gantries and a Real-time image Gating system for Proton Therapy (RGPT) to treat tumours in motion due to respiration. It is also enabled with advanced spot scanning technology to precisely irradiate tumors with compound shapes.
Global Proton Therapy Market Segmentation
Market Breakup by Product Type
- Systems
- Accelerators
- Cyclotrons
- Synchrotrons
- Beam Delivery
- Pencil Beam Scanning
- Passive Scattering
- Uniform Scanning
- Modulators
- Others
- Accelerators
- Software
- Services
Market Breakup by Components
- Proton Accelerator
- Cyclotrons
- Synchrotrons
- Synchrocyclotrons
- Linacs
- H-Minus Synchrotrons
- Separated Sector Cyclotrons
- Super-Conducting Cyclotrons
- Fast Cycling Synchrotron
- Beam Delivery System
- The Passive Scattering Technique
- Beam Scanning
- Nozzle
- Pencil Scanning Nozzle
- Single Scattering
- Double Scattering
- Uniform Scanning Nozzle
- Image Viewers
- Beam Transport System
- Patient Positioning System (PPS)
Market Breakup by Type
- Rotating Proton Therapy Systems
- Non-Rotating Proton Therapy Systems
Market Breakup by Set-Up Systems
- Multi-Room Systems
- Single-Room Systems
Market Breakup by Applications
- Treatment Applications
- Ediatric Cancer
- Tumours in the Base of the Skull
- Prostate Cancer
- Head and Neck Cancer
- Breast Cancer
- Lung Cancer
- Tumours Affecting Spine
- Eye Melanoma
- Lymphoma
- Pituitary Gland Tumours
- Others
- Research Applications
Market Breakup by End User
- Hospitals
- Ambulatory Surgical Centres
- Cancer Research Institutes
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Global Proton Therapy Market Overview
The United States alone is expected to record around 1,958,310 new cancer cases in 2023, hence, it is anticipated to hold a major part of the global proton therapy market share in upcoming years. Having a well-structured infrastructure that can easily adopt newer technologies is another essential component of the large market size. The region is experiencing validation from numerous upcoming companies which are willingly adapting to the latest techniques and devising better means of application.
Having several academic and healthcare institutions at home, Europe holds a massive market share as well. With the help of numerous awareness and educational campaigns, there is emphasis on educating the healthcare staff with the technical knowledge of using all the latest technologies.
The Asia Pacific region, on the other hand, is projected to encounter an upswing in the proton therapy market growth in the foreseeable future. With high national and foreign investments, emerging markets like India are continuously improving their research and healthcare infrastructure. Major healthcare companies are also investing in the Asian markets to leverage the easy availability of resources present in the region.
Global Proton Therapy Market: Competitor Landscape
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
- Varian Medical Systems, Inc.
- IBA Group
- Hitachi, Ltd.
- Mevion Medical Systems, Inc.
- Sumitomo Heavy Industries, Ltd.
- Optivus Proton Therapy, Inc.
- ProTom International, Inc.
- Advanced Oncotherapy Plc.
- ProNova Solutions, LLC
- Mitsubishi Electric Corporation
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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| Breakup by Components |
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| Breakup by Type |
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| Breakup by Set-Up Systems |
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| Breakup by Applications |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market attained a value of about USD 1314.6 million in 2023 driven by the growing incidence of cancer across the globe.
The market is anticipated to grow at a CAGR of 12.4% during the forecast period of 2024-2032, likely to reach a market value of USD 3749.8 million by 2032.
The market demand is driven by the emphasis on finding better treatment alternatives that offer minimal side effects.
The current market trend is the increased set up of proton therapy systems in hospitals. In October 2023, Hitachi introduced Southeast Asia’s first proton therapy setup in National Cancer Centre Singapore (NCCS).
It is divided into systems which is further segmented into systems like accelerators which are further divided into cyclotrons, synchrotrons, beam delivery like pencil beam scanning, passive scattering, uniform scanning, modulators and others, along with software, and services.
The components include proton accelerators which is further divided into cyclotrons, synchrotrons, synchrocyclotrons, linacs, H-Minus synchrotrons, separated sector cyclotrons, super-conducting cyclotrons, fast cycling synchrotron beam delivery system like the passive scattering technique and beam scanning, nozzle which is further segmented into pencil scanning nozzle, single scattering, double scattering and uniform scanning nozzle, image viewers, beam transport system and lastly patient positioning system (PPS).
Common proton therapy systems include rotating and non-rotating proton therapy systems.
It is divided into multi-room and single-room systems.
Common application areas include treatment applications like pediatric cancer, tumors in the base of the skull, prostate cancer, head and neck cancer, breast cancer, lung cancer, tumors affecting spine, eye melanoma, lymphoma, pituitary gland tumors, along with research applications.
Major end users include hospitals, ambulatory surgical centers, cancer research institutes and others.
The major regions of the market include North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America is currently leading the global market.
Key players involved in the market are Varian Medical Systems, Inc., IBA Group, Hitachi, Ltd., Mevion Medical Systems, Inc., Sumitomo Heavy Industries, Ltd., Optivus Proton Therapy, Inc., ProTom International, Inc., Advanced Oncotherapy Plc., ProNova Solutions, LLC, and Mitsubishi Electric Corporation.
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