Chile Radiotherapy Market To Hit Value .0 Million By 2028 |Grand View Research, Inc.Posted by Mrudula Anil Karmarkar on October 3rd, 2023 San Francisco, 03 October 2023: The ReportChile Radiotherapy Market Size, Share & Trends Analysis Report By Type (External Beam, Internal Beam, Systemic Radiotherapy), By Application (Breast, Prostate, Lung, Colorectal, Head & Neck Cancer), And Segment Forecasts, 2021 - 2028 The Chile radiotherapy market size is expected to reach USD 36.0 million by 2028, according to a new study by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.7% from 2021 to 2028. The increasing prevalence of cancer and rising healthcare expenditure are factors expected to propel the growth over the forecast period. There is a significant gap between the required and installed radiotherapy capacity in Chile. As per a recently published report in the International Journal of Radiation Oncology, Chile had around 41 operative LINACs, which is less than the number required to meet the demand. This provides significant opportunities for growth for the market. According to the International Agency of Research on Cancer (IARC), the estimated number of new lung cancer cases in Chile was around 4,000 in 2020. The number is expected to reach around 5,500 by 2030. The rising incidence of lung cancer can be attributed to increasing smoking. As per the national health survey, currently, 32.5% of the people in Chile are active smokers. The rising incidence of cancer is expected to drive market growth. Moreover, companies are adopting strategies that allow them to use their resources to aid in the development of new products and enhance their supply chain. For instance, in August 2020, Siemens Healthcare GmbH announced the acquisition of Varian Medical Systems, Inc. in an all-cash transaction that accounted for USD 16.4 billion. This acquisition may enable the company to offer end-to-end oncology products to address the unmet medical needs of cancer treatment on a global scale. Chronic adverse effects of radiotherapy occur after months or years of treatment. These effects depend on the total dose of radiotherapy received and the area of treatment. In some regions of the body, radiation treatment can lead to a buildup of body fluids and can cause lymphedema. Radiation exposure to healthy cells in the body can lead to apoptosis, senescence, necrosis, and terminal differentiation of healthy cells, which can lead to death. Radiotherapy weakens the body and can attenuate a body's receptiveness to radiation therapy or surgery. The adverse effects of radiation therapy may restrain market growth. Request sample report of Chile Radiotherapy Market@https://www.grandviewresearch.com/industry-analysis/chile-radiotherapy-market-report/request/rs1 Aging is the most common factor that increases the risk of cancer. According to a study, around 60% of the cases were found in people with 65 or older age group. Among the preventable cases, smoking and obesity were found to be the leading cause in Chile in 2018 that is responsible for 18.3% and 8.7% of the cancer cases. Certain factors, such as alcohol consumption, improper diet, and lack of exercise, also cause cancer. According to BMC Cancer, around 30% of all the cases and 36% of the deaths were attributed to lifestyle risk factors in the region and 15,097 cases are preventable if a healthy lifestyle was adopted. This is expected to lead to an increase in cancer incidence, which will, in turn, drive the market. Chile Radiotherapy Market Report Highlights
Chile has sufficient radiation oncologists but lacks in equipment required to meet the current radiotherapy demand as per international standards. According to an article, 15 out of 42 LINACS in the country have been operational for more than 10 years and require replacement. Chile Radiotherapy Market Report Scope
List of Key Players of Chile Radiotherapy Market
Like it? Share it!More by this author |