Europe Radiotherapy Market to Expand at a Healthy CAGR of 5.6 % through 2028| Elekta AB, Hitachi, Ltd., Brainlab AG

The Radiotherapy market in Europe is expected to grow from US$ 2,131.2 million in 2021 to US$ 3,122.4 million by 2028; it is estimated to grow at a CAGR of 5.6% from 2021 to 2028.

Radiotherapy is majorly used to control the growth of the tumor and with the minimum exposure to the surrounding normal and healthy tissue. Radiotherapy uses high-energy radiation, generally x-rays, to destroy the cancer cells and treat tumors in the prostate, breast, head & neck, lung and at any other parts in the body where radiation treatment is indicated. Advances in radiotherapy have been made in the last few years, as improvements in imaging modalities, powerful computers and software and delivery systems have enabled technologies.

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According to the same study, the new therapy is capable of reducing radiation exposure by two-third as compared to traditional radiotherapy. Further, in December 2019, Elekta signed a strategic collaboration with ViewRay, Inc. to enhance functionalities and applications of MR-guided radiation therapy. As a part of the collaboration, Elekta invested in ViewRay Inc. with an amount equivalent to 9.9% of ViewRay’s shares. The companies are also agreed to work upon reduced radiation exposure for better treatment outcomes. Focus on development of such technologies will eventually drive the adoption of radiotherapy in years to come, which will ultimately boost the market growth.

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Major Key players covered in this report:

• Siemens Healthineers AG
• Accuray Incorporated
• Sumitomo Heavy Industries, Ltd.
• Elekta AB
• Hitachi, Ltd.
• Koninklijke Philips N.V.
• Brainlab AG
• Varian Medical Systems, Inc.
• Maastro
• Mevion Medical Systems

EUROPE RADIOTHERAPY MARKET SEGMENTATION

Europe Radiotherapy Market, by Type

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

Europe Radiotherapy Market, by Product

• External Beam Radiotherapy Products
• Internal Radiotherapy Products
• Radiotherapy Software
• Others

Europe Radiotherapy Market, by Product

• Breast Cancer
• Lung Cancer
• Colorectal Cancer
• Prostate Cancer
• Cervical Cancer
• Liver Cancer
• Others

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During the COVID-19 pandemic, radiotherapy has become the best treatment choice for cancer patients because it doesn't compete for scarce hospital resources, including intensive care unit beds, and can be done with shorter radiation regimens, reducing patient and medical staff exposure. The International Atomic Energy Agency (IAEA) has supported medical professionals working in radiation oncology, nuclear medicine, and radiology practices through guidance documents, webinars, and publications to ensure the continuity of these essential services. These factors had a potential impact on the Europe radiotherapy market.

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