- External Beam Radiotherapy Equipment
- Internal Beam Radiotherapy Equipment
- Systemic Radiotherapy Equipment
Radiotherapy Equipment Market size was valued at USD 6.2 billion in 2022 and is expected to reach a value of USD 8.2 billion by 2029, rising at a CAGR of 5.1% from 2023-2029. Owing to numerous conferences and symposia aimed at spreading information about the benefits associated with radiotherapy, the key factors driving the market growth are technological advances, increased cancer incidence, increased product launches, and increased public awareness. The emergence of alternatives such as surgery, chemotherapy, immunotherapy, targeted therapy, hormone therapy, stem cell transplantation, and precision medicine in cancer care and the high cost of such equipment would inhibit market development. These methods do have many benefits over radiation therapy. This study analyses the global radiotherapy equipment market dynamics in a detailed manner to identify current trends and drivers, growth opportunities, and potential challenges to the key stakeholders in the operating market. In addition, PBI has analyzed the global market to better equip customers with possible investment opportunities across regions and consumer unmet needs.
Study Period
Base Year
CAGR
Largest Market
Fastest Growing Market
Growth in technologically advanced products plays an important role in advancing the market for radiation therapy equipment. Technologically upgraded medical devices are more accurate and offer a higher success rate and increase the devices’ usability. For example, earlier X-ray therapy used cobalt radiation and used low-energy X-rays, today oncologists use high-energy, mega-voltage X-rays that can penetrate deeper and eliminate skin irradiation.
The radiotherapy equipment market size was valued at USD 6.2 billion in 2022
The radiotherapy equipment market key players are: Varian Medical System Elekta AB Accuray Incorporated IBA Nordion R.Bard Isoray Medical Research Laboratories AB Mevion Medical System Mitsubishi Electric
The radiotherapy equipment market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
1. Executive Summary |
2. Global Radiotherapy Equipment Market Introduction |
Global Radiotherapy Equipment Market Taxonomy |
Global Radiotherapy Equipment Market Definitions |
By Type |
By Application |
By Region |
3. Global Radiotherapy Equipment Market Dynamics |
Drivers |
Restraints |
Opportunities/Unmet Needs of the Market |
Trends |
Global Radiotherapy Equipment Market Dynamic Factors - Impact Analysis |
Global Radiotherapy Equipment Market Competition Landscape |
4. Global Radiotherapy Equipment Market Analysis, 2018 2022 and Forecast, 2023 - 2029 |
Market Analysis, 2018 2022 and Forecast, 2023 - 2029 (Revenue, US$ Mn) |
Year-over-Year (Y-o-Y) Growth Analysis (%) |
Market Opportunity Analysis |
5. Global Radiotherapy Equipment Market, By Type, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, US$ Mn) |
External Beam Radiotherapy Equipment |
Market Analysis, 2018 2022 and Forecast, 2023 - 2029(Revenue, US$ Mn) |
Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
Market Opportunity Analysis |
Internal Beam Radiotherapy Equipment |
Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029(Revenue, US$ Mn) |
Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
Market Opportunity Analysis |
Systemic Radiotherapy Equipment |
Market Analysis, 2018 - 2022and Forecast, 2023 - 2029(Revenue, US$ Mn) |
Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
Market Opportunity Analysis |
6. Global Radiotherapy Equipment Market Forecast, By Application, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, US$ Mn) |
Hospitals |
Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029(Revenue, US$ Mn) |
Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
Market Opportunity Analysis |
Ambulatory Radiotherapy Centers |
Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029(Revenue, US$ Mn) |
Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
Market Opportunity Analysis |
Cancer Research Institutes |
Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029(Revenue, US$ Mn) |
Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
Market Opportunity Analysis |
7. Global Radiotherapy Equipment Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029(Revenue, US$ Mn) |
North America |
Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029(Revenue, US$ Mn) |
Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
Market Opportunity Analysis |
Europe |
Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029(Revenue, US$ Mn) |
Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
Market Opportunity Analysis |
Asia-Pacific |
Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029(Revenue, US$ Mn) |
Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
Market Opportunity Analysis |
South America |
Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029(Revenue, US$ Mn) |
Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
Market Opportunity Analysis |
Middle East and Africa |
Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029(Revenue, US$ Mn) |
Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
Market Opportunity Analysis |
Global Radiotherapy Equipment Market - Opportunity Analysis Index, By Type, Application, and Region, 2023 - 2029 |
8. North America Radiotherapy Equipment Market Analysis, 2018 - 2022and Forecast, 2023 - 2029(Revenue, US$ Mn) |
Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (US$ Mn), Y-o-Y Growth (%), and Market Share (%) |
External Beam Radiotherapy Equipments |
Internal Beam Radiotherapy Equipment |
Systemic Radiotherapy Equipment |
Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (US$ Mn), Y-o-Y Growth (%) and Market Share (%) |
Hospitals |
Ambulatory Radiotherapy Centers |
Cancer Research Centers |
Country Analysis 2018 - 2022and Forecast 2023 - 2029by Revenue (US$ Mn) Y-o-Y Growth (%) and Market Share (%) |
USA |
Canada |
North America Radiotherapy Equipment Market - Opportunity Analysis Index, By Type, Application, and Country, 2023 - 2029 |
North America Radiotherapy Equipment Market Dynamics Trends |
9. Europe Radiotherapy Equipment Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029(Revenue, US$ Mn) |
Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (US$ Mn), Y-o-Y Growth (%), and Market Share (%) |
External Beam Radiotherapy Equipments |
Internal Beam Radiotherapy Equipment |
Systemic Radiotherapy Equipment |
Application Analysis 2018 - 2022and Forecast 2023 - 2029by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
Hospitals |
Ambulatory Radiotherapy Centers |
Cancer Research Institutes |
Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
Germany |
UK |
France |
Italy |
Russia |
Rest of Europe |
Europe Radiotherapy Equipment Market - Opportunity Analysis Index, By Type, Application, and Country, 2023 - 2029 |
Europe Radiotherapy Equipment Market Dynamics Trends |
10. Asia-Pacific Radiotherapy Equipment Market Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
External Beam Radiotherapy Equipments |
Internal Beam Radiotherapy Equipment |
Systemic Radiotherapy Equipment |
Application Analysis 2018 - 2022and Forecast 2023 - 2029by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
Hospitals |
Ambulatory Radiotherapy Centers |
Cancer Research Institutes |
Country Analysis 2018 - 2022 and Forecast 2023 - 2029b y Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
Japan |
China |
Korea |
India |
Rest of APAC |
Asia-Pacific Radiotherapy Equipment Market - Opportunity Analysis Index, By Type, Application, and Country, 2023 - 2029 |
Asia-Pacific Radiotherapy Equipment Market Dynamics Trends |
11. South America Radiotherapy Equipment Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029(Revenue, USD Mn) |
Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
External Beam Radiotherapy Equipments |
Internal Beam Radiotherapy Equipment |
Systemic Radiotherapy Equipment |
Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
Hospitals |
Ambulatory Radiotherapy Centers |
Cancer Research Institutes |
Country Analysis 2018 - 2022and Forecast 2023 - 2029by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
Brazil |
Argentina |
Colombia |
Rest of South America |
South America Radiotherapy Equipment Market - Opportunity Analysis Index, By Type, Application, and Country, 2023 - 2029 |
South America Radiotherapy Equipment Market Dynamics Trends |
12. Middle East and Africa Radiotherapy Equipment Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029(Revenue, USD Mn) |
Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
External Beam Radiotherapy Equipments |
Internal Beam Radiotherapy Equipment |
Systemic Radiotherapy Equipment |
By Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
Hospitals |
Ambulatory Radiotherapy Centers |
Cancer Research Institutes |
Country Analysis 2018 - 2022and Forecast 2023 - 2029by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
Saudi Arabia |
UAE |
Egypt |
Nigeria |
South Africa |
Rest of MEA |
MEA Radiotherapy Equipment Market - Opportunity Analysis Index, By Type, Application, and Country, 2023 - 2029 |
MEA Radiotherapy Equipment Market Dynamics Trends |
13. Competition Landscape |
Strategic Dashboard of Top Market Players |
Company Profiles (Introduction, Financial Analysis, Application & Application Offerings, Key Developments, Strategies, and SWOT Analysis) |
Varian Medical System |
Elekta AB |
Accuray Incorporated |
IBA |
Nordion |
R.Bard |
Isoray Medical |
Raysearch Laboratories AB |
Mevion Medical System |
Mitsubishi Electric |
14. Research Methodology |
15. Key Assumptions and Acronyms |