Radiotherapy Market is expected to reach US$ 10,170.80 million by 2028 | Siemens Healthineers AG, Accuray Incorporated, Sumitomo Heavy Industries, Ltd., Elekta AB, Hitachi, Ltd., Koninklijke Philips N.V., Brainlab AG, PROTOM INTERNATIONAL, Varian Medical

According to our new research study on “Radiotherapy Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type, Product, Application, and End User,” the market is expected to reach US$ 10,170.80 million by 2028 from US$ 6,474.78 million by 2020; it is estimated to grow at a CAGR of 5.9% from 2021 to 2028. The report highlights trends prevailing in the market, and the factors driving and hindering the market growth. The growth of the market is attributed to a few key driving factors such as increasing prevalence of cancer and rising number of conferences and symposiums to boost the awareness about radiation therapy. However, increased risk of adverse effects due to radiation therapy restrains the market growth.

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Based on type, the radiotherapy market is segmented into external-beam radiation therapy, internal radiation therapy, and systemic radiotherapy/radiopharmaceuticals. The external-beam radiation therapy segment held the largest market share in 2020, and the same segment is estimated to register the highest CAGR during the forecast period. Increasing adoption of external-beam radiation due to its benefits for cancer treatment drives the market growth for this segment. Moreover, the higher number of product availability of external-beam radiations are estimated offer lucrative opportunities for market growth.

The radiotherapy market is expected to witness substantial growth after the COVID-19 pandemic. Delayed or rescheduled radiation therapy treatments and new cancer cases are anticipated to have positive impact on the market growth post-pandemic.

Siemens Healthineers AG, Accuray Incorporated, Sumitomo Heavy Industries, Ltd., Elekta AB, Hitachi, Ltd., Koninklijke Philips N.V., Brainlab AG, PROTOM INTERNATIONAL, Varian Medical Systems, Inc., Maastro, and Mevion Medical Systems are among the leading companies operating in the radiotherapy market.

The report segments radiotherapy market as follows:

By Type

External-Beam Radiation Therapy
Internal Radiation Therapy
Systemic Radiotherapy/Radiopharmaceuticals

By Product

External Beam Radiotherapy Products
Internal Radiotherapy Products
Radiotherapy Software
Others

By Application

Breast Cancer
Lung Cancer
Colorectal Cancer
Prostate Cancer
Cervical Cancer
Liver Cancer
Thyroid Cancer
Lymphoma
Spine Cancer
Brain Cancer
Others

By End User

Hospitals
Specialty Clinics
Radiation Therapy Centers

By Geography

North America
US
Canada
Mexico
Europe
France
Germany
UK
Spain
Italy
Rest of Europe
Asia Pacific (APAC)
China
India
Japan
Australia
South Korea
Rest of APAC
Middle East & Africa (MEA)
Saudi Arabia
UAE
South Africa
Rest of MEA
South and Central America (SCAM)
Brazil
Argentina
Rest of SCAM

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