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

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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 Geography

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Report

Description

Radiotherapy Equipment Market size was valued at USD 6.2 billion in 2021 and is expected to reach a value of  USD 8.2 billion by 2028, rising at a CAGR of 5.1% during the forecast period 2022-2028. 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

MARKET SUMMARY
-
5.1%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 5.1%
  • Largest Market– North America
  • Fastest Growing Market– Asia Pacific

Radiotherapy Equipment Market

  • The global radiotherapy equipment market report gives a comprehensive outlook on brain monitoring across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
  • The report on the global radiotherapy equipment market gives historical, current, and future market sizes (US$ Bn) on the basis of by type, application and region.
Key Players
  • Ассurау Іnсоrроrаtеd
  • ІВА (Іоn Веаm Аррlісаtіоnѕ ЅA)
  • Nоrdіоn
  • С. R. Ваrd
  • Еlеktа АВ
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.


North-America Got Significant Share

Radiotherapy Equipment Market

It is likely that North American market will have the largest size followed by Europe. Canada and the US are major contributors to the North American market, and over the projected period, the US is expected to sustain a growth rate of about 5%. Asia-Pacific is expected to be the fastest-growing segment due to factors such as increased disposable income, enhanced healthcare facilities and government support activities. China is a major contributor to this segment and during the forecast period is projected to expand at a growth rate of 9%.

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

Key

Features of the Report

  • The radiotherapy equipment 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
Radiotherapy Equipment Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The radiotherapy equipment market is projected to expand at a CAGR of 5.1% during the forecast period

Еlеktа АВ, Ассurау Іnсоrроrаtеd, ІВА (Іоn Веаm Аррlісаtіоnѕ ЅA), Nоrdіоn, С. R. Ваrd, Іѕоrау Меdісаl, Rауѕеаrсh Lаbоrаtоrіеѕ АВ, Меvіоn Меdісаl Ѕуѕtеmѕ, Міtѕubіѕhі Еlесtrіc

North America is the fastest-growing region for radiotherapy equipment market


Report

Table Of Content

Table of Content

  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
  1. 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
  2. Global Radiotherapy Equipment Market Analysis, 2019 – 2020 and Forecast, 2021 – 2025
    • Market Analysis, 2019 – 2020 and Forecast, 2021 – 2025 (Revenue, US$ Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  3. Global Radiotherapy Equipment Market, By Type, 2019 – 2020 and Forecast, 2021 – 2025 (Revenue, US$ Mn)
    • External Beam Radiotherapy Equipment
      • Market Analysis, 2019 – 2020 and Forecast, 2021-2025(Revenue, US$ Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Internal Beam Radiotherapy Equipment
      • Market Analysis, 2019-2020 and Forecast, 2021-2025(Revenue, US$ Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Systemic Radiotherapy Equipment
      • Market Analysis, 2019-2020and Forecast, 2021-2025(Revenue, US$ Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Radiotherapy Equipment Market Forecast, By Application, 2019-2020 and Forecast, 2021 – 2026 (Revenue, US$ Mn)
    • Hospitals
      • Market Analysis, 2019-2020 and Forecast, 2021-2025(Revenue, US$ Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Ambulatory Radiotherapy Centers
      • Market Analysis, 2019-2020 and Forecast, 2021-2025(Revenue, US$ Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Cancer Research Institutes
      • Market Analysis, 2019-2020 and Forecast, 2021-2025(Revenue, US$ Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Radiotherapy Equipment Market Forecast, By Region, 2019-2020 and Forecast, 2021-2025(Revenue, US$ Mn)
    • North America
      • Market Analysis, 2019-2020 and Forecast, 2021-2025(Revenue, US$ Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2019-2020 and Forecast, 2021-2025(Revenue, US$ Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2019-2020 and Forecast, 2021-2025(Revenue, US$ Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • South America
      • Market Analysis, 2019-2020 and Forecast, 2021-2025(Revenue, US$ Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2019-2020 and Forecast, 2021-2025(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, 2021 – 2025
  2. North America Radiotherapy Equipment Market Analysis, 2019-2020and Forecast, 2021-2025(Revenue, US$ Mn)
    • Type Analysis 2019-2020 and Forecast 2021-2025 by Revenue (US$ Mn), Y-o-Y Growth (%), and Market Share (%)
      • External Beam Radiotherapy Equipments
      • Internal Beam Radiotherapy Equipment
      • Systemic Radiotherapy Equipment
    • Application Analysis 2019-2020 and Forecast 2021-2025 by Revenue (US$ Mn), Y-o-Y Growth (%) and Market Share (%)
      • Hospitals
      • Ambulatory Radiotherapy Centers
      • Cancer Research Centers
    • Country Analysis 2019-2020and Forecast 2021-2025by 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, 2021 – 2025
    • North America Radiotherapy Equipment Market Dynamics – Trends
  3. Europe Radiotherapy Equipment Market Analysis, 2019-2020 and Forecast, 2021-2025(Revenue, US$ Mn)
    • Type Analysis 2019-2020 and Forecast 2021-2025 by Revenue (US$ Mn), Y-o-Y Growth (%), and Market Share (%)
      • External Beam Radiotherapy Equipments
      • Internal Beam Radiotherapy Equipment
      • Systemic Radiotherapy Equipment
    • Application Analysis 2019-2020and Forecast 2021-2025by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Hospitals
      • Ambulatory Radiotherapy Centers
      • Cancer Research Institutes
    • Country Analysis 2019-2020 and Forecast 2021-2025 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, 2021 – 2025
    • Europe Radiotherapy Equipment Market Dynamics – Trends
  4. Asia-Pacific Radiotherapy Equipment Market Analysis 2019-2020 and Forecast 2021-2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
    • Type Analysis 2019-2020 and Forecast 2021-2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • External Beam Radiotherapy Equipments
      • Internal Beam Radiotherapy Equipment
      • Systemic Radiotherapy Equipment
    • Application Analysis 2019-2020and Forecast 2021-2025by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Hospitals
      • Ambulatory Radiotherapy Centers
      • Cancer Research Institutes
    • Country Analysis 2019-2020 and Forecast 2021-2025b 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, 2021 – 2025
    • Asia-Pacific Radiotherapy Equipment Market Dynamics – Trends
  5. South America Radiotherapy Equipment Market Analysis, 2019-2020 and Forecast, 2021-2025(Revenue, USD Mn)
    • Type Analysis 2019-2020 and Forecast 2021-2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • External Beam Radiotherapy Equipments
      • Internal Beam Radiotherapy Equipment
      • Systemic Radiotherapy Equipment
    • Application Analysis 2019-2020 and Forecast 2021-2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Hospitals
      • Ambulatory Radiotherapy Centers
      • Cancer Research Institutes
    • Country Analysis 2019-2020and Forecast 2021-2025by 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, 2021 – 2025
    • South America Radiotherapy Equipment Market Dynamics – Trends
  6. Middle East and Africa Radiotherapy Equipment Market Analysis, 2019-2020 and Forecast, 2021-2025(Revenue, USD Mn)
    • Type Analysis 2019-2020 and Forecast 2021-2025 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 2019-2020 and Forecast 2021-2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Hospitals
      • Ambulatory Radiotherapy Centers
      • Cancer Research Institutes
    • Country Analysis 2019-2020and Forecast 2021-2025by 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, 2021 – 2025
    • MEA Radiotherapy Equipment Market Dynamics – Trends
  7. 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
  1. Research Methodology

Key Assumptions and Acronyms


Report

Company Profile

  • Vаrіаn Меdісаl Ѕуѕtеmѕ
  • Еlеktа АВ
  • Ассurау Іnсоrроrаtеd
  • ІВА (Іоn Веаm Аррlісаtіоnѕ ЅA)
  • Nоrdіоn
  • С. R. Ваrd
  • Іѕоrау Меdісаl
  • Rауѕеаrсh Lаbоrаtоrіеѕ АВ
  • Меvіоn Меdісаl Ѕуѕtеmѕ
  • Міtѕubіѕhі Еlесtrіc

Description

Radiotherapy Equipment Market size was valued at USD 6.2 billion in 2021 and is expected to reach a value of  USD 8.2 billion by 2028, rising at a CAGR of 5.1% during the forecast period 2022-2028. 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.

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