Radiotherapy Market Growth, Trend, Demand, Share Report, Opportunities, Features, Opportunities and Forecast to 2025 | Reach to USD 9609.2 Mn with the CAGR of 5.2%

Market Overview:
Radiotherapy Market is valued at USD 6738.7 Million in 2018 and expected to reach USD 9609.2 Million by 2025 with the CAGR of 5.2% over the forecast period.

Market Key Players:
Radiotherapy Market report covers prominent players like Varian Medical Systems, Inc., Elekta, Accuray Incorporated, Ion Beam Applications SA, ViewRay, Inc., IsoRay Medical, Inc., Hitachi Ltd., Panacea Medical Technologies Pvt. Ltd., Provision Healthcare, Mevion Medical Systems, Inc., Sumitomo Heavy Industries, Ltd., Optivus Proton Therapy, Inc., P-cure Ltd., Theragenics Corporation, C.R.Bard, Inc., and others.

Scope of Radiotherapy Market Report:
Radiation therapy or radiotherapy is a therapy using ionizing radiation, generally as a part of cancer treatment to control malignant cells and normally derived by a linear accelerator. Radiation therapy may be curative in number of types of cancer if they are localized to one area of the body. It may also be used as a part of adjuvant therapy, to prevent tumor recurrence after surgery to remove a primary malignant tumor. Radiation therapy is combined with chemotherapy, and has been used before, during and after chemotherapy in susceptible cancers. It can also be used as a palliative treatment when eliminating the tumour is not possible, before surgery to help shrink the tumour, after surgery to treat any remaining cancer cells and in combination with chemotherapy treatment.

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Radiotherapy market report is segmented on the basis of type, application, end-users and regional & country level. Based on type, global radiotherapy market is classified as external beam radiation therapy, internal radiation therapy and systemic radiation therapy. Based upon application, global radiotherapy market is classified into skin & lip cancer, breast cancer, head & neck cancer, prostate cancer, cervical cancer, spine cancer, lung cancer and others. Based upon end-users, global radiotherapy market is classified as hospitals, cancer research institutes, and ambulatory & radiotherapy centers.

The regions covered in this Radiotherapy Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of radiotherapy is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.

Market Dynamics:

Growing adoption of radiotherapy procedures for cancer treatment, increasing use of particle therapy for cancer treatment and the rising number of conferences and symposium focusing on the advancements in radiotherapy are some of the major factors propelling the growth of this market. According to WHO, cancer is the second leading cause of death globally and was responsible for an estimated 9.6 million deaths in 2018. Worldwide, about 1 in 6 deaths are due to cancer. Around 70% of deaths from cancer occur in low and middle-income economies. In 2012, there were around 14.1 million new cases and 8.2 million cancer-related deaths, occurs worldwide.

However, inadequate resources to meet the demands of the radiotherapy and lack of skilled, experienced professional to carry out the workload are some factors restraining the growth of the market. Moreover, emerging markets and increase in demand for cancer treatment are expected to provide lucrative opportunities for market growth during the forecast period.

Market Segmentation:

By Type:
External Beam Radiation Therapy
Internal Radiation Therapy
Systemic Radiation Therapy

By Application:
Skin & Lip Cancer
Breast Cancer
Head & Neck Cancer
Prostate Cancer
Cervical Cancer
Spine Cancer
Lung Cancer
Others
By End-User:
Hospitals
Cancer Research Institutes
Ambulatory & Radiotherapy Centers

By Regional & Country Analysis:
North America
U.S.
Mexico
Canada
Europe
UK
France
Germany
Italy
Asia Pacific
China
Japan
India
Southeast Asia
Latin America
Brazil
The Middle East and Africa
GCC
Africa
Rest of Middle East and Africa

Regional Analysis:
North America dominates the radiotherapy market due to the high investment in research & development and growing adoption of radiation therapy in this region. According to the American Cancer Society, nearly 40,000 people in the United States were diagnosed with head and neck cancer, of which, 12,000 died in the year 2014 alone. Head and neck cancer accounts for nearly 5-6% of the cancer cases in this region.

Europe is the second largest market of radiotherapy due to growing incidences of cancer, supportive government initiatives, and the implementation of radiotherapy training programs & conferences/symposiums in this region. In addition, several key market players are focusing on enhancing their radiotherapy products to improve the quality of patient care across Europe.
Asia Pacific is expected to witness a significant growth in global radiotherapy market majorly due to the increasing number of cancer patients in the region. The number is increasing due to the more consumptions of tobacco is seen in this region.

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Frequently asked questions (FAQs) about the report:

• Can the report be customized according to the requirements?

Yes. The Radiotherapy market report can be customized according to your needs. For instance, the company can be profiled you ask for while specific region/country analysis can be focused that meets your interests. You can talk to our research analyst about your exact requirements and UMR will accordingly tailor the required report.

• Can we narrow the available business segments?

Yes, the market report can be further segmented on the basis of data availability and feasibility. We can provide a further breakdown in product types and applications (if applicable) by size, volume, or revenue. In the market segmentation part, the latest product developments and customer behavior insights are also included to give an in-depth analysis of the market.

• Does the report cover COVID-19 impact and future market projections?

Yes. The market research report covers the detailed analysis of COVID-19 impact on the market. Our research team has been monitoring the market closely while it has been conducting interviews with the industry experts to get better insights on the present and future implications of the COVID-19 virus on the market.

The market report provides vital information on the strategies deployed by industry players during the COVID-19 crisis to maintain their position in the market. Along with this, it also shares crucial data on product developments due to the inevitable pandemic across the globe.

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