By 2030, it is anticipated that the UK Radiotherapy Market will reach a value of $7.7 Bn from $4.7 Bn in 2022, growing at a CAGR of 6.4% during 2022-30. The Radiotherapy Therapeutics Market in the UK is dominated by a few domestic players such as Alpha Omega Services, Curium Pharma, and Oncology Systems Limited. The radiotherapy market in the UK is segmented into different types, technology, procedures, application, and end-user. The major risk factors associated with awareness of radiotherapy shortage of skilled staff, government initiatives and reimbursement policy. The demand for UK Radiotherapy is increasing on account of the rise in cancer cases in the country.
By 2030, it is anticipated that the UK Radiotherapy Market will reach a value of $7.7 Bn from $4.7 Bn in 2022, growing at a CAGR of 6.4% during 2022-30.
The UK is a high-income, developed island country spanning an archipelago including Great Britain, located in Western Europe comprising England, Scotland, Wales, and Northern Ireland. There are around 375,000 new cancer cases in the UK every year, that is around 1,000 every day (2016-2018). Breast, prostate, lung and bowel cancers together accounted for over half (53 %) of all new cancer cases in the UK in 2016-2018. Radiotherapy UK is a non-profit organisation dedicated to ensuring that the best radiotherapy treatment is provided throughout the United Kingdom.
The United Kingdom is currently experiencing an unprecedented cancer crisis as a result of a lethal mix of catastrophic wait times and a lack of capacity in critical services like as radiation. This cancer catastrophe is unfolding at a time when technological improvements in radiation provide so many opportunities. UK's government spent 12 % of its GDP on healthcare in 2020.
Market Growth Drivers Analysis
According to current estimates, one in every two persons in the UK will develop cancer, and one in every four will require radiation treatment at some point in their lives. Radiotherapy is required for 40 % of cancer cures and 50 % of cancer patients. In the last ten years, there has been a digital revolution, accelerated by Covid, that has produced low-risk, high-tech, digital solutions that can be implemented immediately and have the potential to transform radiotherapy services and cancer infrastructure, support the workforce, help deal with the backlog, and improve cancer survival both now and in the future. These aspects could boost UK Radiotherapy Market.
Market restraints
Because of limited resources, technical improvements that assist cancer patients in other nations are not readily available in the UK. The startling budget shortfall is one of several reasons why the UK ranks towards the bottom of international cancer survival tables. As a result of COVID-19, half of cancer patients are waiting more than 62 days for their initial radiotherapy treatment. These factors may deter new entrants into the UK Radiotherapy Market.
Key Players
March 2023: The annual general meeting of the All-Party Parliamentary Group for Radiotherapy (APPG-RT) was very successful and interesting (AGM). Parliamentarians heard from prominent clinicians and Radiotherapy UK about the impact of the cancer backlog on services across the country, as well as how modest investments in radiotherapy technology, equipment, and people might help increase cancer survival.
The Care Quality Commission (CQC) is responsible for regulating all healthcare providers in England, including those providing radiotherapy services. The Ionising Radiation (Medical Exposure) Regulations (IR(ME)R) set out the legal requirements for the use of ionising radiation in medical practice in the UK. The National Institute for Health and Care Excellence (NICE) provides guidance on the use of radiotherapy for specific cancers and other conditions. Radiotherapy is funded by the National Health Service (NHS) in the UK, which provides free healthcare to all UK residents. Radiotherapy is also funded by private medical insurance, which is an optional form of healthcare coverage that individuals can purchase.
1. Executive Summary
1.1 Disease Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Patient Journey
1.6 Health Insurance Coverage in Country
1.7 Active Pharmaceutical Ingredient (API)
1.8 Recent Developments in the Country
2. Market Size and Forecasting
2.1 Epidemiology of Disease
2.2 Market Size (With Excel & Methodology)
2.3 Market Segmentation (Check all Segments in Segmentation Section)
3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints
4. Competitive Landscape
4.1 Major Market Share
4.2 Key Company Profile (Check all Companies in the Summary Section)
4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)
5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment
6. Methodology and Scope
By Type (Revenue, USD Billion):
?By Technology (Revenue, USD Billion):
By Application (Revenue, USD Billion):
By End User (Revenue, USD Billion):
Methodology for Database Creation
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