Radiation Therapy Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Radiation Therapy Market: By Product (External Beam RT, Internal Beam RT) By Type (Image-guided Radiotherapy (IGRT), Intensity-modulated Radiotherapy (IMRT), Stereotactic Therapy, 3D Conformal Radiotherapy (3D-CRT), Particle Beam Therapy, Others) By Application (Prostate Cancer, Breast Cancer, Lung Cancer, Head & Neck Cancer, Colorectal Cancer, Others cancers) End User (Hospitals, Independent Radiotherapy Centers) and Geography

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Report

Description

Radiation Therapy Market size is valued at USD 6.2 billion in 2021 and is expected to reach USD 8.8 by 2028, at a CAGR of 5.2% during the forecast period 2021-2027. It has been estimated with a significant growth with the help of key drivers which includes increasing public health spending as cancer is the second most deadly disease in the world. There restrain which may hamper the growth is a shortage of trained personnel according to the Clinical Radiology UK Workforce Census 2016 Report, the UK has 7.5 radiologists/100,000 patients—the third-lowest among European countries. Governments in different countries focusing on improving health facilities to lower cancer mortality rates increase opportunities in the global radiation therapy market. This report studies global radiation therapy market dynamics elaborately to identify the current trends & drivers, future opportunities, and possible challenges to the key stakeholders operating in the market. In addition, the global radiation therapy market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed the global market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities).

Radiation Therapy Market

MARKET SUMMARY
-
5.2%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 5.2%
  • Largest Market– North America
  • Fastest Growing Market– Europe

Radiation Therapy Market

  • The report on global radiation therapy market gives historical, current and future market sizes (US$ Mn) on the basis of product, type, application, end user and region.
  • radiation therapy market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • Key stakeholders of the global market report include suppliers, manufacturers, marketers, policy makers, and service providers engaged in global radiation therapy market.
Key Players
  • Varian Medical Systems, Inc. (US)
  • Elekta (Sweden)
  • Accuray Incorporated (US)
  • Ion Beam Applications SA (Belgium)
  • ViewRay, Inc. (US)
Radiation Therapy Market Dynamics

It is noticed that the global radiation therapy market has a significant market growth rate on the perspective of increasing technology advancement. The advancement from 2D to 3D conformal radiotherapy with real-time imaging has enabled high conformity of radiation to the target and dose escalation with improved tumor control. Environmental Health Services, contribute another US$ 2 Bn to cancer research and prevention efforts. It had made potential growth with more effective, low-cost, and easy-to-use radiotherapy products with improved and precise radiation dose delivery to offer increased efficiency in targeting tumors which in turn boosted the global market.


North-America Got Significant Share

Radiation Therapy Market

North America contributed major revenue followed by Europe and Asia Pacific. In 2019, North America region accounted huge growth rate and is anticipated to grow with a forecast year. United States holds the highest proportion of radiation therapy facilities per million patients. As globally United States alone, in 2018, 609,640 will die out of 1,735,350 people diagnosed with cancer. Europe led with increasing awareness related to cancer symptoms and diagnosis is also a positive factor. Developing economies of the world like India and China holds immense market potential for radiation therapy as there is an acute shortage of radiation therapy centers in the Asia Pacific region.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The radiation therapy market report provides granular level information about the market size, regional market share, historic market (2017-2021), and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Radiation Therapy Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The radiation therapy market is projected to expand at a CAGR of 5.4% during the forecast period

Varian Medical Systems, Inc. (US), Elekta (Sweden), Accuray Incorporated (US), Ion Beam Applications SA (Belgium), ViewRay, Inc. (US), IsoRay Medical, Inc. (US), Hitachi Ltd. (Japan), Panacea Medical Technologies Pvt. Ltd. (India), Provision Healthcare (US), Mevion Medical Systems, Inc. (US)

North America is the fastest-growing region for elderly care services market


Report

Table Of Content

Table of Content

  1. Executive Summary
  2. Global Radiation Therapy Market Introduction
    • Global Radiation Therapy Market – Taxonomy
    • Global Radiation Therapy Market –Definitions
      • Product
      • Type
      • Application
      • End User
  1. Global Radiation Therapy Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Radiation Therapy Market Dynamic Factors – Impact Analysis
    • Global Radiation Therapy Market – Competition Landscape
  2. Global Radiation Therapy Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026
    • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  3. Global Radiation Therapy Market, By Product, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • External Beam RT
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Internal Beam RT
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Radiation Therapy Market Forecast, By Type, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Image-guided Radiotherapy (IGRT)
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Intensity-modulated Radiotherapy (IMRT)
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Stereotactic Therapy
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • 3D Conformal Radiotherapy (3D-CRT)
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Particle Beam Therapy
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Radiation Therapy Market Forecast, By Application, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Prostate Cancer
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Breast Cancer
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Lung Cancer
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Head & Neck Cancer
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Colorectal Cancer
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Radiation Therapy Market Forecast, By End User, 2015 – 2019 and Forecast, 2020 – 2026
    • Hospitals
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Independent Radiotherapy Centers
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Radiation Therapy Market Forecast, By Region, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • North America
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Radiation Therapy Market – Opportunity Analysis Index, By Product, Type, Application, End User and Region, 2020 – 2026
  2. North America Radiation Therapy Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Product Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • External Beam RT
      • Internal Beam RT
    • Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Image-guided Radiotherapy (IGRT)
      • Intensity-modulated Radiotherapy (IMRT)
      • Stereotactic Therapy
      • 3D Conformal Radiotherapy (3D-CRT)
      • Particle Beam Therapy
      • Others
    • Application Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Prostate Cancer
      • Breast Cancer
      • Lung Cancer
      • Head & Neck Cancer
      • Colorectal Cancer
      • Others cancers
    • End User Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Hospitals
      • Independent Radiotherapy Centers
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • USA
      • Canada
    • North America Radiation Therapy Market – Opportunity Analysis Index, By Product, Type, Application, End User and Country, 2020 – 2026
    • North America Radiation Therapy Market Dynamics – Trends
  3. Europe Radiation Therapy Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Product Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • External Beam RT
      • Internal Beam RT
    • Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Image-guided Radiotherapy (IGRT)
      • Intensity-modulated Radiotherapy (IMRT)
      • Stereotactic Therapy
      • 3D Conformal Radiotherapy (3D-CRT)
      • Particle Beam Therapy
      • Others
    • Application Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Prostate Cancer
      • Breast Cancer
      • Lung Cancer
      • Head & Neck Cancer
      • Colorectal Cancer
      • Others cancers
    • End User Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Hospitals
      • Independent Radiotherapy Centers
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Germany
      • UK
      • France
      • Spain
      • Italy
      • Russia
      • Poland
      • Rest of Europe
    • Europe Radiation Therapy Market – Opportunity Analysis Index, By Product, Type, Application, End User and Country, 2020 – 2026
    • Europe Radiation Therapy Market Dynamics – Trends
  4. Asia-Pacific Radiation Therapy Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Product Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • External Beam RT
      • Internal Beam RT
    • Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Image-guided Radiotherapy (IGRT)
      • Intensity-modulated Radiotherapy (IMRT)
      • Stereotactic Therapy
      • 3D Conformal Radiotherapy (3D-CRT)
      • Particle Beam Therapy
      • Others
    • Application Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Prostate Cancer
      • Breast Cancer
      • Lung Cancer
      • Head & Neck Cancer
      • Colorectal Cancer
      • Others cancers
    • End User Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Hospitals
      • Independent Radiotherapy Centers
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Japan
      • China
      • India
      • ASEAN
      • Australia & New Zealand
      • Rest of Asia-Pacific
    • Asia-Pacific Radiation Therapy Market – Opportunity Analysis Index, By Product, Type, Application, End User and Country, 2020 – 2026
    • Asia-Pacific Radiation Therapy Market Dynamics – Trends
  5. Latin America Radiation Therapy Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Product Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • External Beam RT
      • Internal Beam RT
    • Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Image-guided Radiotherapy (IGRT)
      • Intensity-modulated Radiotherapy (IMRT)
      • Stereotactic Therapy
      • 3D Conformal Radiotherapy (3D-CRT)
      • Particle Beam Therapy
      • Others
    • Application Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Prostate Cancer
      • Breast Cancer
      • Lung Cancer
      • Head & Neck Cancer
      • Colorectal Cancer
      • Others cancers
    • End User Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Hospitals
      • Independent Radiotherapy Centers
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
    • Latin America Radiation Therapy Market – Opportunity Analysis Index, By Product, Type, Application, End User and Country, 2020 – 2026
    • Latin America Radiation Therapy Market Dynamics – Trends
  6. Middle East and Africa Radiation Therapy Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Product Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • External Beam RT
      • Internal Beam RT
    • Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Image-guided Radiotherapy (IGRT)
      • Intensity-modulated Radiotherapy (IMRT)
      • Stereotactic Therapy
      • 3D Conformal Radiotherapy (3D-CRT)
      • Particle Beam Therapy
      • Others
    • Application Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Prostate Cancer
      • Breast Cancer
      • Lung Cancer
      • Head & Neck Cancer
      • Colorectal Cancer
      • Others cancers
    • End User Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Hospitals
      • Independent Radiotherapy Centers
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Gulf Cooperation Council (GCC) Countries
      • Israel
      • South Africa
      • Rest of MEA
    • MEA Radiation Therapy Market – Opportunity Analysis Index, By Product, Type, Application, End User and Country, 2020 – 2026
    • MEA Radiation Therapy Market Dynamics – Trends
  7. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Product Type & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • Varian Medical Systems, Inc. (US)
      • Elekta (Sweden)
      • Accuray Incorporated (US)
      • Ion Beam Applications SA (Belgium)
      • ViewRay, Inc. (US)
      • IsoRay Medical, Inc. (US)
      • Hitachi Ltd. (Japan)
      • Panacea Medical Technologies Pvt. Ltd. (India)
      • Provision Healthcare (US)
      • Mevion Medical Systems, Inc. (US).
  1. Research Methodology
  2. Key Assumptions and Acronyms

Report

Company Profile

  • Varian Medical Systems, Inc. (US)
  • Elekta (Sweden)
  • Accuray Incorporated (US)
  • Ion Beam Applications SA (Belgium)
  • ViewRay, Inc. (US)
  • IsoRay Medical, Inc. (US)
  • Hitachi Ltd. (Japan)
  • Panacea Medical Technologies Pvt. Ltd. (India)
  • Provision Healthcare (US)
  • Mevion Medical Systems, Inc. (US)

Description

Radiation Therapy Market size is valued at USD 6.2 billion in 2021 and is expected to reach USD 8.8 by 2028, at a CAGR of 5.2% during the forecast period 2021-2027. It has been estimated with a significant growth with the help of key drivers which includes increasing public health spending as cancer is the second most deadly disease in the world. There restrain which may hamper the growth is a shortage of trained personnel according to the Clinical Radiology UK Workforce Census 2016 Report, the UK has 7.5 radiologists/100,000 patients—the third-lowest among European countries. Governments in different countries focusing on improving health facilities to lower cancer mortality rates increase opportunities in the global radiation therapy market. This report studies global radiation therapy market dynamics elaborately to identify the current trends & drivers, future opportunities, and possible challenges to the key stakeholders operating in the market. In addition, the global radiation therapy market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed the global market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities).

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