Global Market for Hyperthermia Treatment for Cancer to be worth US$ 160 Mn by 2025 - Persistence Market Research

New York City, NY, Dec. 13, 2017 -- Persistence Market Research has published a new report global hyperthermia treatment for cancer market. According to the analysis of the report, the market is likely to rise at a significant growth rate during the tenure of forecast from 2017 to 2025. The report presents an in-depth analysis and future estimations that are based on current and historical performance of the market. From market drivers to growth challenges to opportunities to competitive strategies, analysts have covered each and every aspect that could influence the growth of this market over the forecast period of the market. The report not only provides quality insights, but also quantification of data through discussions with industry experts.

The revenue of the world hyperthermia treatment for cancer market is anticipated to be around US$160 mn by the end of the forecast period that stretches from 2017 to 2025, exhibiting a CAGR of 6.1% over the forecast period. The market for hyperthermia treatment for cancer has been projected to reach around US$99 mn in 2017.

Cancer has always been a much dreaded disease across the globe and its spread has been on constant rise. As World Health Organization (WHO) projects, an estimated number of fatalities resulting from cancer across the globe would reach 13.1 mn by 2030. WHO also indicated that the prevalence of cancer worldwide will reach around 75% from the year 2008 to 2030. With such rapid rise in the incidences of cancer, patients are increasingly opting for various cancer therapies. As such, this is going to increase the volume of patients seeking hyperthermia treatment thereby giving the market a push.

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There has been an increasing awareness relating to the therapeutic effects that hyperthermia brings upon treatment of various malignant diseases. People are, as such, showing interest and undergoing hyperthermia treatment for malignant diseases thereby increasing the revenue for the market. Coupled with radiation therapy, hyperthermia has proved to be more effective and superior in the treatment of cancer as opposed to only radiation therapy. Thus, the market for hyperthermia treatment for cancer is anticipated to receive a boost from the advantages that are associated with the hyperthermia treatment.

However, there is high cost that is involved with the hyperthermia treatment for cancer. In comparison with various other methods of cancer treatment, hyperthermia treatment comes expensive. Besides, mostly hyperthermia treatment of cancer is taken in combination with radiation therapy or chemotherapy and this makes the treatment all the more expensive. As such, the high cost factor is impeding the growth of the market for hyperthermia treatment for cancer.

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The world hyperthermia treatment for cancer market has been classified on the basis of device type, end user, application and geography. The key segments based on device type include microwave hyperthermia device, ultrasound hyperthermia device, infrared therapy device, and shortwave therapy device. Of them, shortwave hyperthermia device segment is likely to rise at a CAGR of 7.0% over the forecast period.

In terms of geography, the world hyperthermia treatment for cancer market is classified into four key regions North America, Europe, Latin America, Asia Pacific, and Middle East and Africa (MEA). Of these regions, Asia Pacific is projected to offer a lucrative market for hyperthermia treatment for cancer. With huge population base, India and China have very high incidences of cancer. However, there is a dearth of proper facilities and experienced and qualified and practitioners in these nations. This is being dealt with both by the government and private sectors and they are trying come up with more of such facilities in these nations. Furthermore, there is an increasing willingness amongst the patients to seek therapeutic treatments for cancer thereby providing a lucrative market for therapeutic treatment for cancer.

Some of the leading players of the market for hyperthermia treatment for cancer are Celsius42+ GmbH, Yamamoto Vinita Co., Ltd, Pyrexar Medical Inc., Haifu Medical Technology Co. Ltd, Oncothermia, Andromedic Srl, Hydrosun GmbH, and a few others.

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