Radiotherapy Market

Radiotherapy Market worth $8.8 billion by 2028

The report "Radiotherapy Market by Type (Product, Service), Technology(MRI LINAC, Stereotactic, Particle Therapy, Cobalt-60 Teletherapy), Procedure (IMRT, IGRT, 3D-CRT, LDR, HDR), Application (Prostate, Breast, Lung), End User (Hospital) - Global Forecast to 2028", size is expected to grow from an estimated USD 6.9 billion in 2023 to USD 8.8 billion by 2028, at a CAGR of 5.0%. The growth of this market is majorly driven by factors such as the rapid rise in cancer cases globally, new developments in radiotherapy treatment such as adaptive radiotherapy, growing awareness about the advantages of proton therapy for cancer treatment. Moreover, increasing investments in research activities in the field of oncology, geographical expansion of radiotherapy devices manufacturers,   improving healthcare infrastructure in developing countries are likely  to support the growth of the market.

Browse 222 market data Tables and 42 Figures spread through 285 Pages and in-depth TOC on "Radiotherapy Market by Type (Product, Service), Technology(MRI LINAC, Stereotactic, Particle Therapy, Cobalt-60 Teletherapy), Procedure (IMRT, IGRT, 3D-CRT, LDR, HDR), Application (Prostate, Breast, Lung), End User (Hospital) - Global Forecast to 2028"
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The external beam radiotherapy segment, by procedure , is expected to register the largest market share of the global radiotherapy  systems market in 2023.

Based on procedure, the radiotherapy market is segmented into external beam radiotherapy, internal beam radiotherapy/brachytherapy, and systemic radiotherapy. The external beam radiotherapy segment dominated this market with a share of in 2022. The large share of this segment can primarily be attributed to the reduced risk of radiation exposure in external beam radiotherapy and the increased precision & accuracy of tumor targeting in this therapy.

This external beam radiotherapy (EBRT) technique is widely preferred over other therapeutic techniques such as brachytherapy and systemic radiotherapy due to its wide range of benefits, including lesser side effects and cost-effectiveness. Moreover, continuous EBRT technological advancements such as MRI Linac,  particle therapy and rising research activities in the field of radiation oncology using proton therapy systems are likely to support the growth of the segment

Hospitals were the key end-users in the radiotherapy  market

Based on end user, the radiotherapy market has been segmented into hospitals and independent radiotherapy centers. Hospitals commanded the largest share of the global radiotherapy  systems market in 2023.  Rising initiatives by government to upgrade hospitals with advanced radiotherapy devices,  rising collaborations among cancer hospital and radiotherapy device manufacturers, and increasing  number of cancer patients undergoing radiotherapy treatment procedures in hospitals

“The APAC market, by region, to register highest growth rate in the forecast period.”

On the basis of region, the radiotherapy  market is segmented into North America, Europe, Asia Pacific, and the Latin America, Middle East & Africa.  The Asia-Pacific market is likely witnessing significant growth  owing to increase in cancer patient pool, improving healthcare infrastructure and the implementation of supportive government initiatives in several APAC countries such as India and China. The rising geriatric population, growing incidence of cancer, and the rising acceptance of radiotherapy procedures and devices are the other major factors driving market growth in Asia Pacific. Additionally rising medical tourism and entry of major market players in the Asia Pacific countries are likely to support the radiotherapy market growth in APAC

As of 2022, the automated radiation therapy systems market was dominated by Siemens Healthineers AG (Germany), Varian Medical Systems, Inc. (US), Elekta (Sweden) Accuray Incorporated (US), IBA (Belgium), ViewRay Technologies, Inc. (US), Hitachi Ltd. (Japan), iCAD, Inc. (US), IsoRay, Inc. (US), , among others.

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Radiotherapy Market Size,  Share & Growth Report
Report Code
MD 1773
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