- External Beam RT
- Internal Beam RT
Radiation Therapy Market size was valued at USD 6.2 billion in 2022. It is expected to reach USD 8.8 by 2029, at a CAGR of 5.2% from 2023-2029. Ionizing radiation, commonly referred to as radiation treatment or radiotherapy, emits focused radiation beams that kill and destroy cancer cells. With the use of cutting-edge technology, radiation is utilized to target and kill malignant cells while causing the least amount of harm to surrounding healthy cells. The most successful and economical cancer treatment is radiotherapy, which can be combined with cutting-edge technology like image-guided therapy to improve tumor and toxicity management.
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 that 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.
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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.
The radiation therapy market size was valued at USD 6.2 billion in 2022
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