Radiotherapy Market Trends by Size, Share & Global Analysis of Key Players and Forecast to 2030

Market Research Future (MRFR) confirms that the radiotherapy market will record a moderate CAGR of 5.49% between 2022 and 2030.

Market Scope

Market Research Future (MRFR) confirms that the radiotherapy market will record a moderate CAGR of 5.49% between 2022 and 2030.

Primary Stimulants and Restrictions

The alarming increase in cancer diagnoses among youngsters has increased the demand in radiotherapy market trends, which has fewer adverse effects than chemotherapy. Based on this feature, MRFR analysts predict that market growth will be spectacular in the coming years. The ongoing rise in pediatric cancer cases is increasing demand for radiation, which will translate into substantial market expansion in the next years.

Radiotherapy equipment and technologies have seen a succession of technological breakthroughs in the last decade, allowing them to be more effective while also being simple to use and cost effective. Today's radiotherapy equipment gives accurate and improved radiation doses, increasing efficiency when it comes to tumor targeting. The transition from 2D to 3D conformal radiotherapy, which allows for real-time imaging, allows for significant radiation conformity to the target as well as dose escalation with improved tumor control. As a result, global market demand has been increasing as technological advances continue to emerge and medical facilities such as hospitals and clinics emerge as significant end-users.

Market Segmentation

Radiotherapy industry has been considered for type, application, and end-user.

Different radiotherapy types in the market are external beam radiation therapy, systemic radiation therapy and internal radiation therapy. 

Major applications of radiotherapy include spine cancer, head and neck cancer, skin and lip cancer, prostate cancer, breast cancer, lung cancer, cervical cancer, and others.

The equipment used during radiotherapy are radiation therapy simulators, treatment planning systems and linear accelerators.

Prominent end-users in the radiotherapy industry are independent radiotherapy centers as well as hospitals.

Regional Status 

Europe, APAC or Asia Pacific, MEA or Middle East Africa and Americas are the top markets for radiotherapy worldwide.

The American market for has been making tremendous progress and has secured the lead backed by the high per capita healthcare spending along with the tendency to adopt the latest technologies in the healthcare sector. Dramatic increase in the cases of cancer across Canada and the US also favors the regional market. Additionally, the rising spending on research activities to improve the effectiveness of radiation therapy techniques including the development of the intensity-modulated and image-guided radiotherapy has landed America at the top of the global market.

Flourishing healthcare system and the rising number of radiotherapy centers and hospitals adopting modern technologies has helped Europe secure the second lead in the global market. Significant level of awareness as well as spending on healthcare, rising cases of various types of cancer, and availability of health insurances also fortify the market value in the region. Technological innovations in radiotherapy, like IGRT, 3-DCRT and IMRT in the region have also been favorable. Meanwhile, emergence of new techniques, including stereotactic body radiation therapy has resulted in higher possibility of successful clinical results, thereby fostering the market growth in the region.

The APAC radiotherapy market share will note the fastest advancement in the next couple of years, as the government is actively working on fostering the awareness level among people about the available treatment options. Rampant demand for more effective therapies, paired with the mounting burden of cancer in the region raises the need for radiotherapy. Companies in the region are focused on making strategic movies like distribution agreements, product launches and partnerships to elevate their market rankings.

 

Advantaged Contenders

Some of the most affluent global radiotherapy market players include Mevion Medical Systems, Inc., Hitachi, Ltd., IBA (Ion Beam Applications Sa), C. R. Bard, Inc., Panacea Medical Technologies Pvt. Ltd., Varian Medical Systems, Inc., P-Cure Ltd., Isoray Medical, Inc., Elekta AB (pub), Optivus Proton Therapy, Inc., Provision Healthcare, LLC, to mention a few.

 

About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

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