Radiotherapy Equipment Market: By Type (External Beam Radiotherapy Equipment, Internal Beam Radiotherapy Equipment, and Systemic Radiotherapy Equipment), By Application (Hospitals, Ambulatory Radiotherapy Centers and Cancer Research Institutes), and by Geography

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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.

Radiotherapy Equipment Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

5.1%

Largest Market

North America

Fastest Growing Market

Asia Pacific
Radiotherapy Equipment Market Dynamics

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.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • 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

Radiotherapy Equipment Market Segmentation

By Type
  • External Beam Radiotherapy Equipment
  • Internal Beam Radiotherapy Equipment
  • Systemic Radiotherapy Equipment
By Application
  • Hospitals
  • Ambulatory Radiotherapy Centers  
  • Cancer Research Institutes
By Geography
  • North America
  • Europe
  • The Asia Pacific
  • Latin America
  • MEA

Frequently Asked Questions

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
  • Varian Medical System
  • Elekta AB
  • Accuray Incorporated
  • IBA
  • Nordion
  • R.Bard
  • Isoray Medical
  • Raysearch Laboratories AB
  • Mevion Medical System
  • Mitsubishi Electric

Adjacent Markets