Single Dose Radiotherapy Services Market to grow at 6.1% CAGR through 2030

A single dosage of radiation is claimed to be a safe and efficient treatment for men with low-risk prostate cancer in the Single Dose Radiotherapy Services Market since it is given directly to the tumour in a matter of minutes. Future Market Insights (FMI) predicts that by 2021, the market for single-dose therapy would have surpassed US$ 1.1 Bn due to a significant increase in demand. The market will grow in the approaching years due to the increase in breast cancer cases.

The single dose radiation services market is expanding as a result of factors including rising market investments, an increase in R&D projects, and favourable regulatory frameworks. For instance, a number of government agencies, like the American Cancer Society, are funding research and development projects to provide single dosage radiation. The American Cancer Society recently provided about 162 research programmes with funding totaling around $67 million to support breast cancer research initiatives.

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Single-dose radiotherapy substitutes the requirement for extra hospital visits, with benefits for patient safety and well-being. Single-dose radiotherapy is delivered during or soon after surgery for breast cancer and is considered a viable alternative to conventional external beam radiotherapy.

Increasing technological advancements in radiotherapy procedure for the treatment of breast cancer and prostate cancer have led to the surging adoption of single-dose radiotherapies in clinical practice associated with improved outcomes. Single-dose radiotherapy is recognized as an extremely cost-effective treatment compared with other cancer treatments.

The COVID-19 pandemic has changed the national healthcare significances and expenditure however this is considered to be a short-term impact on the single-dose radiotherapy services market. The single-dose radiotherapy services market is expected to experience short-term negative growth owing to a sharp reduction in the number of single-dose radiotherapy services adoption rate in developed and emerging countries.

As a result of the continuing spread of COVID-19, various service providers are focusing on a novel approach to the treat pneumonia associated with COVID-19 using a single low dose of external beam radiation therapy which is known as Single Dose Radiation Therapy (SDRT). Previously various studies are reported regarding use of single small fraction of radiation to treat viral and bacterial pneumonia. Thus, scientists are believing that one small dose of radiotherapy can be effective for covid-19 treatment. This is providing an opportunity for single dose radiotherapy market to grow.

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Key Takeaways from Single-Dose Radiotherapy Services Market Study

• Despite restricted growth amid COVID-19, the demand for single dose radiotherapy is expected to rise at nearly 5% in 2021
• As a result of increasing incidence of breast cancer, the U.S. will account for over 90% sales in North America
• Increasing focus on early diagnosis will enable the U.K. register 2.4% Y-o-Y growth in 2021
• Germany and France are expected to exhibit increasing demand to tackle concerns pertaining to rising incidence of cancer
• Increasing focus on research and development will drive growth in Japan and South Korea

Increase in Funding For Research Activities Offers Growth Opportunities

Leading service providers in the single dose radiotherapy services market are strengthening their market position through collaboration with various government organization. Governments in various developed and developing countries are actively taking initiatives to encourage various research activities for the development of single-dose radiotherapy. For instance, In Brazil, government is taking initiative to create awareness regarding cancer treatment and research programs.

Pink October campaigns are arranged in Brazil by government, whose aim is to share facts about breast cancer, promoting awareness, providing countless access to diagnostic and therapeutic services, and funding to reduced mortality. One more example is the Blue November campaign, which works analogously to Pink October, however emphasize on prostate cancer.

Who is Winning?

The global market is set to expand in the forecast period, due to the rising prevalence of breast cancer and prostate cancer globally and the adoption of single-dose radiotherapy. Leading organizations within the market are set to focus on research and development to offer early and precise diagnosis of the ailment, besides offering effective patient care.

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Single Dose Radiotherapy Services Market by Category

Indication:

• Breast Cancer
• Prostate Cancer

Therapy:

• External Beam Radiotherapy
• Internal Beam Radiotherapy

Service Provider:

• Hospitals
• Radiotherapy Centers
• Specialized Cancer Institutes

Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• The Middle East and Africa (MEA)
• Oceania

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