Radiotherapy Market is expected to reach USD 11.7 billion by 2031

The global radiotherapy market was valued at USD 6.5 billion in 2021 and it is anticipated to grow up to USD 11.7 billion by 2031, at a CAGR of 6.0% during the forecast period.

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Radiotherapy, commonly known as radiation therapy, is used for cancer patients to cure cancer by destroying the cancer cells and reducing the size of tumors. X-rays, gamma rays, and charged particles are commonly used radiotherapy markets during radiotherapy. Modern radiotherapy makes use of highly precise collimating devices that positively impacts the market expansion.

Market Trends and Drivers
Rising number of cancer cases is expected to accelerate the market growth Surging number of cancer cases worldwide is expected to foster the market demand for radiotherapy over the analysis timeframe. According to the WHO, cancer is the leading cause of death globally and around ten million deaths occurred in 2020. Breast, prostate, lung, colon are among the most common cancers that further accelerates the market progress for radiotherapy.

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Global Radiotherapy Market Segmental Overview
The report analyses the global radiotherapy market based on type, application, end use, and region.

Global Radiotherapy Market by Type

Based on type, the radiotherapy market is classified into external beam radiation therapy, internal radiation therapy and systemic radiation therapy. The external beam radiation therapy is sub-segmented in intensity-modulated radiation therapy (IMRT), image-guided radiation therapy (IGRT), proton therapy and others. The external beam radiation therapy segment accounted for around significant market share in 2021 and the trend will continue to rise in the near future. External beam radiation therapy is the most common type of therapy and is a local treatment that helps to treat a specific part of the body.

Global Radiotherapy Market by Application
On the basis of application, the radiotherapy market is segmented into head & neck cancer, breast cancer, lung cancer, prostate cancer and cervical cancer among others. Among them, the breast cancer segment accounted for significant revenue size in 2021. Radiation therapy is used at every stage to treat breast cancer and uses protons, X-rays or other particles to kill cancer cells.

Major Players in the Global Radiotherapy Market
The key players in the market are Siemens Healthineers AG (Germany), Elekta (Sweden), Accuray Incorporated (US), IBA (Belgium), ViewRay Technologies, Inc. (US), Hitachi Ltd. (Japan), iCAD, Inc. (US), Mevion Medical Systems, Inc. (US), Panacea Medical Technologies Pvt. Ltd. (India), ZEISS Group (Germany), among others.

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