Treatment Planning Systems And Advanced Image Processing Market Size, Share & Trends Analysis Report By Component, By Technique, By Application (Adaptive Radiotherapy, Dose Accumulation), By Region, And Segment Forecasts, 2023 - 2030

Research Methodology

A three-pronged approach was followed for deducing the treatment planning systems and advanced image processing market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for treatment planning systems and advanced image processing market to gather the most reliable and current information possible.

• We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
• We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
• We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
• We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
• We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of treatment planning systems and advanced image processing market data depending on the type of information we’re trying to uncover in our research.

• Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

• Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

• Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

• Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

• Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

• Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

• This step also entails the finalization of the report scope and data representation pattern.

• Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Treatment Planning Systems And Advanced Image Processing Market Categorization:

The treatment planning systems and advanced image processing market was categorized into four segments, namely component (Advanced Image Processing Software, Treatment Planning Software), technique (3D Image Reconstruction, In-Room Imaging, Image Registration using Graphics Processor Unit), application (Adaptive Radiotherapy, Online Monitoring, Tracking, Dose Accumulation, Validation of Image Registration), and region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa).

Segment Market Methodology:

The treatment planning systems and advanced image processing market was segmented into component, technique, application, and region. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

• Demand estimation of each product across countries/regions summed up to from the total market.

• Variable analysis for demand forecast.

• Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

• Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

• Used extensively for new product forecasting or analyzing penetration levels.

• Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

• Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

• This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The treatment planning systems and advanced image processing market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into nineteen countries, namely, the U.S.; Canada; the UK; Germany; France; Italy; Spain; Russia; Japan; China; India; Australia; South Korea; Brazil; Mexico; Argentina; South Africa; Saudi Arabia; UAE.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Treatment planning systems and advanced image processing market companies & financials:

The treatment planning systems and advanced image processing market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

• Accuray Incorporated: Accuray Incorporated is a public company that manufactures, develops, and sells radiotherapy products or systems for alternative cancer treatments. The company aims to provide systems that will reduce treatment time and increase the efficiency of cancer treatment. It has more than 900 employees in six facilities located worldwide.

• Elekta: The company develops radiotherapy systems for the treatment of cancer and brain disorders. It supplies its systems globally and has more than 4,700 employees across the world. Radiotherapy, stereotactic radiosurgery, oncology informatics, MR/RT, neurosurgery, and brachytherapy are some of the major product segments of the company.

• Koninklijke Philips N.V.: Philips Healthcare is a public limited company that operates in three business areas: healthcare, consumer lifestyle, and lighting. The company is a manufacturer of diagnostic and therapeutic devices. In addition, the company has a presence across the globe in several locations. Its radiation treatment planning product portfolio provides solutions such as workflow automation, planning & dose computation, contouring, stimulation & plan review, and radiation oncology information technology platforms.

• RaySearch Laboratories: RaySearch Laboratories provides software and tools for cancer treatment. The company has a presence across the globe and was listed on Nasdaq Stockholm in 2003. It expanded its business in the oncology treatment space by collaborating with other players in the market. Software provided by the company is adopted by around 900 clinics in more than 40 countries.

• Varian Medical Systems, Inc.: The company provides cancer treatment tools and solutions for radiosurgery, radiotherapy, proton therapy, brachytherapy, adaptive therapy, interventional solutions, & software. It has a global presence with around 11,000 employees across various geographies. In addition, it operates through 72 locations and has experience in innovating different products & solutions for cancer treatment for around 75 years. In 2021, Siemens Healthineers acquired Varian in an effort to bolster its role as a comprehensive healthcare partner.

• Brainlab AG: The company provides applications in the field of radiosurgery treatments, software-guided surgical navigation, and much more. The software-based solutions provided by the company help in treatment as well as securing medical image exchange. It is headquartered in Germany but provides its software solutions worldwide. Surgery, Radiosurgery, and Digital O.R. are some of the major product segments of the company. The technology provided by the company has been adopted and is in about 6,300 hospitals in 120 countries.

• Prowess, Inc.: The company has provided Windows-based treatment planning systems and oncology information systems for over 25 years. It is an international organization having business collaborators or dealers in Asia, Europe, South America, North America, and the Middle East. In addition, it is a customer-driven company that mainly focuses on producing, supporting, and designing radiation therapy treatment planning tools and products.

• DOSIsoft SA: The company was founded as a spinoff from Institut Curie and Institut Gustave Roussy in Paris, France. It provides solutions to 300+ hospitals in around 60 countries. In 2016, the company created its U.S. branch to address the growing demand for radiation oncology and nuclear medicine solutions in the North and South American regional markets. Volume segmentation, registration, beam set-up, tumor response, dose calculation, etc. are some of the expertise of the company.

• ViewRay Technologies: ViewRay Technologies, Inc. is a public company that manufactures, designs, and markets its radiation therapy system, known as MRIdian, mainly to address the limitations of the existing external beam radiation therapy techniques and technologies. The company has a global presence and an exclusive worldwide license for a combination of radiation therapy technologies and MRI. MRIdian has been utilized to treat over 29,000 patients. As of December 31, 2022, there were 56 MRIdian systems installed in hospitals worldwide. These systems are employed for the treatment of a diverse range of solid tumors and serve as the subject of numerous ongoing research endeavors.

• MIM Software, Inc.: MIM Software, Inc. is a private company that provides practical imaging solutions in the fields of radiology, radiation oncology, urology, nuclear medicine, cardiac imaging, and neuroimaging. The company supplies its products and solutions globally. Pharmaceutical companies, hospitals, research organizations, and cancer & imaging centers are some of the key end users of the company. More than 3,000 institutions worldwide have implemented MIM software products.

Value chain-based sizing & forecasting

Supply Side Estimates

• Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

• Segment revenue determination via variable analysis and penetration modeling.

• Competitive benchmarking to identify market leaders and their collective revenue shares.

• Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

• Identifying parent markets and ancillary markets

• Segment penetration analysis to obtain pertinent

• revenue/volume

• Heuristic forecasting with the help of subject matter experts

• Forecasting via variable analysis

Treatment Planning Systems And Advanced Image Processing Market Report Objectives:

• Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

• Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

• Understanding market estimates and forecasts (with the base year as 2022, historic information from 2016 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Treatment Planning Systems And Advanced Image Processing Market Report Assumptions:

• The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

• The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

• We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

• All market estimates and forecasts have been validated through primary interviews with the key industry participants.

• Inflation has not been accounted for to estimate and forecast the market.

• Numbers may not add up due to rounding off.

• Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

• Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

• Latin America includes Central American countries and the South American continent

• Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

• Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

• Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.