Radiotherapy Market Overview:
According to the latest report by IMARC Group, titled “Radiotherapy Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global radiotherapy market size reached US$ 6.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 8.4 Billion by 2027, exhibiting a growth rate (CAGR) of 5.53% during 2022-2027.
Radiotherapy or radiation therapy is used for slowing down the growth of cancer cells and shrinking tumors. It utilizes high-energy particles or waves, such as x-rays, gamma rays, electron beams, protons, etc., to destroy the genetic material of cancer cells. Radiotherapy can be combined with other cancer treatments, including chemotherapy, surgery, immunotherapy, etc., to improve their effectiveness. Presently, it is offered to patients depending on the type, size, and location of the tumor and their medical history, age, medical conditions, etc.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Market Trends and Drivers:
The escalating prevalence of cancer across the globe is among the primary factors driving the radiotherapy market. This is owing to numerous factors, such as unhealthy dietary patterns, rising consumption of alcohol and tobacco, elevating levels of pollution, etc. In addition to this, the adoption of several modern radiotherapy techniques, including three-dimensional (3D) conformal, intensity-modulated, image-guided, etc., is acting as another significant growth-inducing factor.
These technologies deliver a lower dose of radiation to healthy tissues and a higher dose to the tumor. They also improve organ-at-risk (OARs) sparing while ensuring no physical sensation to the patients, thereby propelling the product demand. In the coming years, the rapid development of effective, low-cost, and easy-to-use products is expected to fuel the global radiotherapy market.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Accuray Incorporated
- Becton Dickinson and Company
- Eckert & Ziegler
- Elekta AB (publ)
- General Electric Company
- Hitachi Ltd
- Ion Beam Applications
- Isoray Inc.
- Mevion Medical Systems Inc.
- Nordion Inc. (Sotera Health)
- Siemens Healthineers AG (Siemens AG)
Key Market Segmentation Breakup by:
Type:
- External Beam Radiation Therapy
- Intensity-Modulated Radiation Therapy (IMRT)
- Image-Guided Radiation Therapy (IGRT)
- Tomotherapy
- Stereotactic Radiosurgery
- Stereotactic Body Radiation Therapy
- Proton Therapy
- 3D Conformal Radiotherapy (3D CRT)
- Volumetric Modulated Arc Therapy (VMAT)
- Internal Radiation Therapy/Brachytherapy
- Systemic Radiation Therapy
Application:
- Skin and Lip Cancer
- Head and Neck Cancer
- Breast Cancer
- Prostate Cancer
- Cervical Cancer
- Lung Cancer
- Others
End User:
- Hospitals
- Cancer Research Institutes
- Ambulatory and Radiotherapy Centers
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
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Key highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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