With an increasing incidence of cancer in South Korea, there is a definite need for novel, cutting edge, treatment methods. Once such technique is the Proton Therapy, which is one of the most advanced radiation technique available today. Unfortunately, the access to proton therapy is limited for a vast population, owing to a low number of proton therapy centers. Hence, many research institutions and hospitals have now started investing in proton therapy to make it more accessible to patients.
According to the “South Korea Proton Therapy Outlook 2020” report by RNCOS, by 2020, South Korea will have two proton therapy centers. Consequently, the market will attain revenue of around US$ 15.3 Million by 2020, growing at a CAGR of 24.4% during the forecast period (2014-2020). The report also provides an insight into the cancer demographics of South Korea, and the various possible causes for a high cancer incidence in the country.
Based on a complex correlation-regression model accounting population demographics, disease statistics, macro & micro economic indicators of the country, etc., the report provides potential proton therapy market in South Korea. The report also includes the current and future demands for the number of proton therapy centers in the country. Furthermore, analysis of the current and upcoming proton therapy centers, along with an estimation of the shortage of proton centers in the current and future scenario is also provided in the report.
The report also provides an insight of the drivers and challenges, which would have a major influence in shaping the growing market. On the competitive front, the report covers the current stand of the market and its probable transformation by 2020. There is also a ‘strengths-weakness’ analysis of equipment vendors along with their business overview, products & services, and existing & planned installations in US till 2020, thus making it a must read for consultants and companies planning to enter the market.