Radiotherapy Market Overview and Scope

The market size of the Radiotherapy industry was estimated to be USD 6.2 billion in 2022. It is projected to grow at a compound annual growth rate (CAGR) of 5.4% during the forecast period of 2023-2030, reaching a value of USD 9.44 billion by 2030.

Radiotherapy, a vital component of cancer treatment, has witnessed significant growth in recent years. This upward trajectory is expected to continue, driven by advancements in technology, increasing prevalence of cancer cases, and rising awareness about the benefits of radiotherapy.

The forecasted growth in the radiotherapy market is attributed to several factors. Firstly, the continuous development of innovative radiotherapy techniques and equipment, such as intensity-modulated radiation therapy (IMRT) and image-guided radiation therapy (IGRT), has enhanced treatment precision and reduced side effects. These advancements have significantly improved patient outcomes and increased the adoption of radiotherapy as a preferred treatment option.

Secondly, the rising incidence of cancer globally has created a substantial demand for effective treatment methods. Radiotherapy, with its ability to target cancer cells while minimizing damage to healthy tissues, has emerged as a crucial therapeutic approach. The increasing prevalence of various types of cancer, including lung, breast, prostate, and colorectal cancer, is expected to drive the demand for radiotherapy in the coming years.

Furthermore, growing awareness among healthcare professionals and patients about the benefits of radiotherapy has contributed to its market growth. The recognition of radiotherapy as a safe and effective treatment option, coupled with the expanding knowledge about its potential applications, has led to increased acceptance and utilization of this therapy.

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Major Players Listed in the Report are as Follows:

Siemens Healthineers AG, Elekta, Accuray Incorporated, IBA, ViewRay Technologies, Inc, Hitachi Ltd, iCAD, inc, IsoRay, Inc, Mevioi Medical Systems, Inc, Panacea Medical Technologies Pvt. Ltd, P-cure Ltd, and ZEISS Group, and others.

Radiotherapy Market Segmentation as Follows:

By Type

• Product
• Service

By Technology

• External Beam Radiotherapy
  • Linear Accelerators
    • Conventional Linear Accelerators
    • Stereotactic Advanced Electron/Cobalt-60 Linear Accelerators
    • Gamma Knife
    • CyberKnife
    • TomoTherapy
  • Conventional Cobalt-60 Teletherapy Units
  • Particle Therapy Systems
    • Cyclotrons
    • Synchrotrons
    • Synchrocyclotron
• Internal Beam Radiotherapy/Brachytherapy
  • Seeds
  • Afterloaders
  • Applicators
  • IORT Systems
• Systemic Radiotherapy
  • lobenguane (I-131)
  • Samarium-153
  • Rhenium-186
  • Other Systemic Radiotherapy Products

By Application

• External Beam Radiotherapy
  • Prostate Cancer
  • Breast Cancer
  • Lung Cancer
  • Head and Neck Cancer
  • Colorectal Cancer
  • Other Cancers
• Internal Beam Radiotherapy/Brachytherapy
  • Prostate Cancer
  • Gynecological Cancer
  • Breast Cancer
  • Cervical Cancer
  • Penile Cancer
  • Other Cancers

By Procedure

• External Beam Radiotherapy
  • Image-guided Radiotherapy
  • Intensity-modulated Radiotherapy
  • Stereotactic Therapy
  • Particle Therapy
  • 3D Conformal Radiotherapy
• Internal Beam Radiotherapy/Brachytherapy
  • High-dose-rate Brachytherapy
  • Low-dose-rate Brachytherapy
  • Pulsed-dose-rate Brachytherapy
• Systemic Radiotherapy
• Intravenous Radiotherapy
• Oral Radiotherapy
• Instillation Radiotherapy

By End User

• Hospitals
• Independent Radiotherapy Centers.

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Geographically, North America currently dominates the Radiotherapy market, owing to the presence of well-established healthcare infrastructure, high healthcare expenditure, and a large patient pool. However, the Asia-Pacific region is anticipated to witness the highest growth rate during the forecast period. Factors such as the increasing geriatric population, rising disposable income, and improving healthcare facilities Furthermore, advancements in technology and the development of innovative radiotherapy techniques are expected to further drive the growth of the radiotherapy market globally.

Table of Content

Chapter 1 Introduction 

Chapter 2 Research Methodology

Chapter 3 Radiotherapy Market Dynamics

Chapter 4 Impact Analysis (COVID-19, Ukraine- Russia war, Ongoing Recession on Major Economies)

Chapter 5 Value Chain Analysis

Chapter 6 Porter’s 5 forces model

Chapter 7 PEST Analysis

Chapter 8 Radiotherapy Market Segmentation, By Type

Chapter 9 Radiotherapy Market Segmentation, By Technology

Chapter 10 Radiotherapy Market Segmentation, By Application

Chapter 11 Radiotherapy Market Segmentation, By Procedure

Chapter 12 Radiotherapy Market Segmentation, By End User

Chapter 13 Regional Analysis

Chapter 14 Company profile

Chapter 15 Competitive Landscape

Chapter 16 Use Case and Best Practices

Chapter 17 Conclusion

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