Global Radiation Therapy Market Future Scenario and Forecast to 2030 | Elekta AB, Hitachi, Ltd, IBA Worldwide

Research study titled Global Radiation Therapy Market has recently been published by Absolute Markets Insights to its extensive repository. The statistical data has been compiled by means of latest research methodologies which help to make informed business decisions. The report also highlights on the various market dynamics of the business such as drivers, restraints, and opportunities

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The rapidly growing number of cancer cases round the world have inflated the demand in global radiotherapy market. In September 2018, World Health Organization stated that cancer was the second leading explanation for death globally, with an estimated 9.6 million deaths in 2018. Dietary and behavioral risks like high body mass index, low fruit and vegetable intake, lack of physical activity, substance addiction et al. are contributing towards this high prevalence of cancer. Doctors recommend radiotherapy for cancer at different stages. Radiation therapy helps to scale back the dimensions of a tumor before surgery or kill remaining cancer cells afterward. It damages cancerous cells by destroying the genetic material that controls how cells grow and divide. Thus, the high prevalence of cancer is propelling the growth of global radiation therapy market.

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The cancer treatment medical facilities throughout the planet are impacted with the COVID-19 pandemic. This has led to delaying of all the non-vital surgeries to avoid infection and focus maximum resources on COVID-19. The cancer patients with delayed surgeries are adopting radiation therapy to stop the further growth of tumor. Also, because the lockdowns imposed to contain the spread of pandemic are eased by government authorities, these medical facilities are reopening with precautionary measures in situ to avoid infection for catering the cancer patients with delayed radiotherapy treatments. These factors are anticipated to fuel the expansion of worldwide radiotherapy market.
In terms of revenue, global radiation therapy market was valued at US$ 5506.01 Mn in 2018 and is anticipated to grow at a CAGR of 6.4% over the forecast period. The study analyses the market in terms of revenue across all the main regions, which are bifurcated into countries.

Key Findings of the Report:
• The global radiation therapy market was valued at US$ 5506.01 Mn in 2021 and is anticipated to witness a compound annual growth rate of 6.4% over the forecast period owing to the rise in adoption of digital radiation therapy equipment.
• Based on application, lung cancer dominated the global radiation therapy market in 2021 due to the growing addiction of tobacco, air pollutions and other such factors which have heightened lung cancer cases.
• Hospitals held significant share of global radiation therapy market in 2021 due to their expenditure power on purchasing, operating and maintaining radiotherapy equipment.

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Some of the players operating in the radiation therapy market:
Accuray Incorporated, Elekta AB, Hitachi, Ltd, IBA Worldwide, IntraOp Medical, Inc., Mevion Medical Systems., Nordion (Canada) Inc., Panacea Medical Technologies Pvt. Ltd, Provision Healthcare, Radiology Oncology Systems, Sensus Healthcare, Varian Medical Systems, Inc., VIEWRAY TECHNOLOGIES, INC. and ZEISS Medical Technology amongst others.

Global Radiation Therapy Market:
• By Offering
o Products/Equipment
 Imaging Systems
 Linear Accelerator
 Radio Therapy Simulators
 Radioactive Seeds
 Applicators & Afterloaders
 Others
o Services
 Implementation and Installation
 Training and Education
 Support Services
 Others

• By Therapy Type
o External Beam Radiation Therapy
 3-D Conformal Radiation Therapy (3D CRT)
 Intensity-Modulated Radiation Therapy (IMRT)
 Image-Guided Radiation Therapy (IGRT)
 Stereotactic Body Radiation Therapy
 Volumetric Modulated Arc Therapy (VMAT)
 Others
o Internal Beam Radiation Therapy
 Brachytherapy Treatment
 Low-dose rate (LDR) Brachytherapy
 High-dose rate (HDR) Brachytherapy
 Systemic Radiation Therapy
 Radioimmunotherapy (RIT)
 Others

• By Application
o Breast Cancer
o Eye Cancer
o Prostate Cancer
o Cervix Cancer
o Lung Cancer
o Head and Neck Cancer
o Colorectal Cancer
o Intracranial Cancer
o Pancreatic Cancer
o Vaginal Cancer
o Others
• By End User
o Hospitals
o Clinics
o Specialty Cancer Centers
o Others

• By Region
o North America
 U.S
 Canada
 Mexico
 Rest of North America
o Europe
 France
 The UK
 Spain
 Germany
 Italy
 Nordic Countries
 Denmark
 Finland
 Iceland
 Sweden
 Norway
 Benelux Union
 Belgium
 The Netherlands
 Luxembourg
 Rest of Europe
o Asia Pacific
 China
 Japan
 India
 New Zealand
 Australia
 South Korea
 Southeast Asia
 Indonesia
 Thailand
 Malaysia
 Singapore
 Rest of Southeast Asia
 Rest of Asia Pacific
o Middle East and Africa
 Saudi Arabia
 UAE
 Egypt
 Kuwait
 South Africa
 Rest of Middle East & Africa
o Latin America
 Brazil
 Argentina
 Rest of Latin America

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