Radiotherapy market is anticipated to record a valuation of us$10,170.80 million by 2028

The Radiotherapy market research report provides an in depth examination of the key factors stimulating market expansion. It also sheds light on the challenges or restraining factors that are poised to hinder industry growth over the forecast timeframe. Growth rate, market share captured, and valuation estimates for each region, segment, and company are documented as well.

The radiotherapy market was valued at US$ 6,474.78 million in 2020 and it is projected to reach US$ 10,170.80 million by 2028; it is expected to grow at a CAGR of 5.9% from 2021 to 2028.

Radiotherapy is majorly used to control the growth of a tumor while restricting the harm to nearby 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 any other parts in the body where radiation treatment is indicated. The growth of the radiotherapy 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, the increased risk of adverse effects due to radiation therapy restrains the market growth.

List of Companies operating in this report are: 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, Mevion Medical Systems

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Furthermore, the market is segmented based on type, application, and region in order to study it exhaustively and provide the data in a systematic manner. Speaking of competitive landscape, the study includes a list of leading companies along with their product and service offerings, strategic decisions, SWOT analysis, latest developments, market share captured, growth rate, and valuation. The challenges faced by these companies are analyzed and solutions for them are given as well.

Type-Based Insights

In terms of type, the radiotherapy market is segmented into external-beam radiation therapy, internal radiation therapy, and systemic radiotherapy/radiopharmaceuticals. In 2020, the external-beam radiation therapy segment held the largest share of the market. Also, the same segment is estimated to register the highest CAGR during the forecast period.

Product-Based Insights

Based on product, the radiotherapy market is segmented into external beam radiotherapy products, internal radiotherapy products, radiotherapy software, and others. The external beam radiotherapy products segment held the largest market share in 2020, and the same segment is estimated to register the highest CAGR during the forecast period.

Application-Based Insights

Based on application, the radiotherapy market is segmented into breast cancer, lung cancer, colorectal cancer, prostate cancer, cervical cancer, liver cancer, thyroid cancer, lymphoma, spine cancer, brain cancer, and others. The breast cancer segment held the largest market share in 2020. However, the lung cancer segment is estimated to register the highest CAGR during the forecast period.

End User-Based Insights

In terms of end user, the radiotherapy market is segmented into hospitals, specialty clinics, and radiation therapy centers. The hospitals segment held the largest share of the market in 2020, and it is further estimated to register the highest CAGR during the forecast period.

Strategic Insights

The radiotherapy market players are adopting the product launch and expansion strategies to cater to changing customer demands worldwide, which allow them to maintain their brand name globally.

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Several market forces such as drivers and restraints and political, social, economic and technological advancements help shape up the industry in specific manner. All such forces are studied in detail to arrive at a market forecast which can help build the investment strategies in Radiotherapy market.

Essential points covered in Radiotherapy market report are:-

What will the market size and the growth rate be in 2028?
What are the key growth stimulants of Radiotherapy market?
What are the key market trends impacting Radiotherapy market valuation?
What are the challenges to market proliferation?
Who are the key vendors in the Radiotherapy market?
Which are the leading companies contributing to Radiotherapy market valuation?
What was the market share held by each region in 2028?
What is the estimated growth rate and valuation of Radiotherapy market in 2028?

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