Global Radiotherapy Market
The global radiotherapy market is valued at USD 6.1 billion in 2021 and is expected to reach USD 7.8 billion by 2027, at a CAGR of 4.2% during the forecast period.
Radiotherapy defined as the radiation therapy, uses ionizing radiations that deliver targeted beams of radiation to kill and destroy cancer cells. The advanced technology used in radiation therapy works by bombarding cancerous cells with radiation to kill them, while minimizing damage to the healthy cells around them. Radiotherapy is the most potent & cost-effective treatment for cancer, and when integrated with advanced technologies like image guided therapy, leads to enhanced control over tumor and toxicity.
Market Drivers
The increase in prevalence of cancer as well as increasing adoption of innovative targeted therapies like radiotherapy due to side effects associated with traditional chemotherapies such as anemia and infection for cancer treatment.
For instance, as per the information provided by the World Cancer Research Fund International, 2012, around 14.1 million cancer cases were registered globally, the number of which is projected to rise to 24 million by 2035. This in turn, is expected to increase the demand for radiotherapy over the forecast period. Furthermore, several key market players are continuously focusing on the development, approval, and launch of technologically advanced products. For Instance, in 2020, Elekta AB had introduced its Elekta Harmony linear accelerator, a cancer treatment system with a shorter treatment slot of up to 25 percent and a 30 percent smaller footprint.
Market Restraints
Radiotherapy devices are larger in size & they require ample space for installation. As a result, in emerging and underdeveloped economies, the lack of adequate healthcare infrastructure due to limited healthcare expenditure is one of the major factors hampering the adoption of radiotherapy systems.
Currently, only a limited number of healthcare institutions in underdeveloped & developing countries are capable of using advanced radiotherapy systems for cancer treatment. This, in turn, is limiting the number of radiotherapy procedures in spite of their high demand.
Market Segmentation
Global Radiotherapy Market is segmented into type such as External Beam Radiation Therapy (Intensity-Modulated Radiation Therapy (IMRT), Image-Guided Radiation Therapy (IGRT), Tomotherapy, Stereotactic Radiosurgery, Stereotactic Body Radiation Therapy, Proton Therapy), Internal Radiation Therapy, Systemic Radiation Therapy. By End User, market is segmented into Hospitals, Cancer Research Institutes, Ambulatory and Radiotherapy Centers. Further, market is segmented into application such as Skin & Lip Cancer, Head & Neck Cancer, Breast Cancer, Prostate Cancer, Cervical Cancer, Lung Cancer, Spine Cancer, Others.
Regional Analysis
The Global Radiotherapy Market is segmented into five regions such as North America, Europe, Asia Pacific, Latin America, and MEA.
North America region is expected to hold a dominant position in the radiotherapy market, due to the Increase in prevalence of cancer recorded in the U.S. and increase in preference of the novel therapies in comparison to the traditional chemotherapies to minimize side effects associated with chemotherapies.
Key Players
Canon Medical Systems Corporation, Elekta AB, GE Healthcare, Ion Beam Applications, Isoray, Mirada Medical, Eckert & Ziegler, Seimens Healthineers, Accuray Incorporated, etc.
Key Developments
December 2021, Canon Medical Systems Corporation has announced integration with Spectronic Medical’s MRI Planner software to strengthen its presence in the field of radiotherapy planning. Utilizing an innovative AI application, the MRI Planner software provided by Spectronic Medical is a technology which utilizes standard MR images to create synthetic CT images, including depictions of organs at risk.
September 2020, Elekta AB had introduced its Elekta Harmony linear accelerator, a cancer treatment system with a shorter treatment slot of up to 25 percent and a 30 percent smaller footprint.
Market Taxonomy
By Type
By End User
By Application
Key Questions Addressed by the Report
Global Radiotherapy Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Radiotherapy Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Radiotherapy Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Radiotherapy Market Share Analysis, By Type
5.3 Global Radiotherapy Market Size and Forecast, By Type
5.3.1 External Beam Radiation Therapy
5.3.2. Internal Radiation Therapy
5.3.3. Systemic Radiation Therapy
6 Global Radiotherapy Market, By End User
6.1 Y-o-Y Growth Comparison, By End User
6.2 Global Radiotherapy Market Share Analysis, By End User
6.3 Global Radiotherapy Market Size and Forecast, By End User
6.3.1 Hospitals
6.3.2. Cancer Research Institutes
6.3.3. Ambulatory and Radiotherapy Centres
7 Global Radiotherapy Market, By Application
7.1 Y-o-Y Growth Comparison, By Application
7.2 Global Radiotherapy Market Share Analysis, By Application
7.3 Global Radiotherapy Market Size and Forecast, By Application
7.3. 1 Skin & Lip Cancer
7.3.2. Head & Neck Cancer
7.3.3. Breast Cancer
7.3.4. Prostate Cancer
7.3.5. Cervical Cancer
7.3.6. Lung Cancer
7.3.7. Spine Cancer
7.3.8. Others
8 Global Radiotherapy Market, By Region
8.1 Global Radiotherapy Market Share Analysis, By Region
8.2 Global Radiotherapy Market Share Analysis, By Region
8.3 Global Radiotherapy Market Size and Forecast, By Region
9 North America Radiotherapy Market Analysis and Forecast (2021-2027)
9.1 Introduction
9.2 North America Radiotherapy Market Share Analysis, By Type
9.3 North America Radiotherapy Market Size and Forecast, By End User
9.4 North America Radiotherapy Market Size and Forecast, By Application
9.5 North America Radiotherapy Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Radiotherapy Market Analysis and Forecast (2021-2027)
10.1 Introduction
10.2 Europe Radiotherapy Market Share Analysis, By Type
10.3 Europe Radiotherapy Market Size and Forecast, By End User
10.4 Europe Radiotherapy Market Size and Forecast, By Application
10.5 Europe Radiotherapy Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.54. Rest of Europe
11 Asia Pacific Radiotherapy Market Analysis and Forecast (2021-2027)
11.1 Introduction
11.2 Asia Pacific Radiotherapy Market Share Analysis, By Type
11.3 Asia Pacific Radiotherapy Market Size and Forecast, By End User
11.4 Asia Pacific Radiotherapy Market Size and Forecast, By Application
11.5 Asia Pacific Radiotherapy Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12 Latin America Radiotherapy Market Analysis and Forecast (2021-2027)
12.1 Introduction
12.2 Latin America Radiotherapy Market Share Analysis, By Type
12.3 Latin America Radiotherapy Market Size and Forecast, By End User
12.4 Latin America Radiotherapy Market Size and Forecast, By Application
12.5 Latin America Radiotherapy Market Size and Forecast, Country
12.5.1. Brazil
12.5.2. Rest of Latin America
13 Middle East Radiotherapy Market Analysis and Forecast (2021-2027)
13.1 Introduction
13.2 Middle East Radiotherapy Market Share Analysis, By Type
13.3 Middle East Radiotherapy Market Size and Forecast, By End User
13.4 Middle East Radiotherapy Market Size and Forecast, By Application
13.5 Middle East Radiotherapy Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.2. UAE
13.5.3. Egypt
13.5.4. Kuwait
13.5.5. South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Canon Medical Systems Corporation
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2. Elekta AB
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3. GE Healthcare
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Ion Beam Applications
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Isoray
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Mirada Medical
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Eckert & Ziegler
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Seimens Healthineers
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Accuray Incorporated
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
