Press release
Radiation Oncology Market Size 2022, Top Companies Analysis, Share, Trends, Business Model and Forecast by 2027
COVID-19 Impact on Market: (Positive Impact)
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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Industry Definition and Application:
Radiation oncology, alternatively known as radiotherapy, represents a cancer treatment that relies on high radiation doses to shrink tumors and kill cancer cells. In terms of technology, it can be categorized into image-guided radiotherapy (IGRT), stereotactic technology, proton beam therapy, volumetric modulated arc therapy (VMAT), brachytherapy, etc. These radiation oncology therapies are localized treatments delivered by linear accelerators or through radioactive sources placed inside a patient on a permanent or temporary basis. They help restrict the spread of cancer and minimize damage to healthy cells. Consequently, radiation oncology treatments find extensive applications in numerous segments of the healthcare sector, such as hospitals, cancer research institutes, ambulatory and radiotherapy centers, etc.
Global Radiation Oncology Market Trends and Drivers:
The increasing prevalence of cancer among individuals, on account of the rising tobacco and alcohol consumption, unhealthy diet, and physical inactivity, is primarily driving the radiation oncology market. Furthermore, the growing usage of external beam radiation therapy in treating breast, colorectal, esophageal, neck, lung, and prostate cancer is also positively influencing the market growth. Additionally, the introduction of radioactive iodine therapy (I-131), which can cure a few thyroid cancers and the launch of targeted radionuclide therapy that helps treat advanced gastroenteropancreatic neuroendocrine tumors (GEP-NETs) are acting as significant growth-inducing factors.
Besides this, the expanding cancer research centers across the globe and the elevating focus among key market players towards developing motion tracking, real-time imaging, and 3D conformal radiotherapy integrated with artificial intelligence (AI) are expected to augment the radiation oncology market in the coming years.
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Global Radiation Oncology Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these top key players include:
Accuray Incorporated, Becton Dickinson and Company, Canon Inc., Elekta, Hitachi Ltd., Icad Inc., Ion Beam Applications, Isoray Inc., Mevion Medical Systems Inc., Nordion (Canada) Inc. (Sotera Health), P-Cure Ltd., Varian Medical Systems Inc. (Siemens Healthineers AG) and ViewRay.
The report has segmented the market on the basis of region, type, technology, application and end user.
Breakup by Type:
• External Beam Radiation Therapy
o Linear Accelerators
o Compact Advanced Radiotherapy Systems
o Proton Therapy
• Internal Beam Radiation Therapy
o Brachytherapy
o Systemic Beam Radiation Therapy
o Others
Breakup by Technology:
• Image-Guided Radiotherapy (IGRT)
• Intensity Modulated Radiotherapy (IMRT)
• Stereotactic Technology
• Proton Beam Therapy
• 3D Conformal Radiotherapy (3D CRT)
• Volumetric Modulated Arc Therapy (VMAT)
• Brachytherapy
Breakup by Application:
• Prostate Cancer
• Breast Cancer
• Lung Cancer
• Head and Neck Cancer
• Colorectal Cancer
• Gynecological Cancer
• Cervical Cancer
• Others
Breakup by End User:
• Hospitals
• Cancer Research Institutes
• Ambulatory and Radiotherapy Centers
Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa
If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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