The Global Radiotherapy Devices Market Is Set to Expand at A CAGR of 7% Over The Forecast Period of 2021 To 2031

As per Fact.MR, a market research and competitive intelligence provider, the global radiotherapy devices market is anticipated to top US$ 10 Bn by 2031, progressing at a robust CAGR of 7% over the decade.
Radiotherapy devices are a wide range of medical devices used in radiation therapy. These devices can produce an accurate amount of high-energy radiation, which is further delivered on targeted areas of a patient's body. General characteristics of a radiotherapy device include emission of electrons, photons, and other fast-moving subatomic particles, and the use of X-ray tubes to build contact between the device and the targeted area in a patient's body.
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Medical professionals and cancer patients, both, are driving the adoption of radiotherapy devices due to their advantage in lowering the hospital stay of patients and controlling the growth of cancerous tumors. As radiotherapy continues to gain traction for being the most coveted treatment of a wide range of cancers, the global market for radiotherapy devices continues to expand exponentially.

Key Takeaways from Market Study
• Global radiotherapy devices market to top US$ 10 Bn by 2031.
• Linear accelerator devices projected to reach around US$ 4.5 Bn by 2031.
• Systemic radiotherapy expected to record above 5% CAGR over the next 10 years.
• Internal beam radiotherapy systems to reach valuation of US$ 1.2 Bn by 2031.
• Market in Europe holds global share of more than 50%.
• Market in South Korea to record 4% CAGR over forecast period of 2021- 2031.

"Higher efficacy of radiotherapy devices, increasing introduction of novel therapies, and rising number of government initiatives for cancer care are major factors expected to drive demand for radiotherapy devices over the coming years," says a Fact.MR analyst.

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Key Market Segments in Radiotherapy Devices Industry Research
Product Type
• External Beam Radiotherapy Systems
• Linear Accelerator Devices
• Conventional Linear Accelerators (LINAC)
• Conventional Cobalt-60 Teletherapy units
• Electron-emitting High-energy Linear Accelerators
• Advanced Stereotactic Radiotherapy Units
• CyberKnife
• Gamma Knife
• TomoTherapy
• Proton Therapy Devices
• Cyclotron
• Synchrotron
• Synchrocyclotron
• Internal Beam Radiotherapy Systems
• Brachytherapy
• Electronic Brachytherapy Products
• Brachytherapy Afterloaders
• Radiotherapy Software
• Radiotherapy Treatment Planning Software
• Radiotherapy Dosage Planning Software
• Radiotherapy Patient Positioning Software
• Radiotherapy Image Guiding Software
Procedure
• External Beam Radiotherapy
• Image-guided Radiotherapy
• Intensity-modulated Radiotherapy
• Stereotactic Therapy
• 3D conformal radiotherapy
• Internal Beam Brachytherapy
• High-dose-rate Brachytherapy
• Low-dose-rate Brachytherapy
• Pulsed-dose-rate Brachytherapy
• Systemic Radiotherapy
• Intraoperative Radiotherapy
• IORT Systems
• Intravenous Radiotherapy
• Oral Radiotherapy
• Instillation Radiotherapy
Application
• Radiotherapy Devices for Cancer Treatment
• Advanced Radiotherapy Systems for Cancer Treatment
• External Beam Radiotherapy for Prostate Cancer
• External Beam Radiotherapy for Breast Cancer
• External Beam Radiotherapy for Lung Cancer
• External Beam Radiotherapy for Head and Neck Cancer
• External Beam Radiotherapy for Colorectal Cancer
• Internal Beam Radiotherapy for Prostate Cancer
• Internal Beam Radiotherapy for Gynecological Cancer
• Internal Beam Radiotherapy for Breast Cancer
• Internal Beam Radiotherapy for Cervical Cancer
End User
• Use of Radiotherapy Devices in Hospitals
• Use of Radiotherapy Devices in Independent Radiotherapy Centers

Market Competition
For key companies, the global market has various opportunities, including increased government support for organized cancer R&D efforts and the ability to upgrade existing equipment and treatment capabilities based on technological breakthroughs.
With continuous evolution of the healthcare sector, keeping a record of latest developments and trends is fundamental for radiotherapy device manufacturers to formulate key business strategies.
In October 2020, Mayo Clinic and Google Health declared that artificial intelligence would be used to enhance cancer radiation therapy planning. Both organizations are working on developing and validating an algorithm that can detect and remove tumors from healthy tissues and organs.
Key Competitors:
• Varian Medical Systems
• Elekta AB
• Accuray Inc.
• C.R. Bard Inc.
• IBA Ion Beam Applications SA
• Koninklijke Philips N.V.
• Siemens AG
• Eckert & Ziegler Bebig
• IsoRay Inc.
• GE Healthcare
• Vision RT Ltd.
• RaySearch Laboratories AB
• Theragenics Corp
• Toshiba Medical Systems Corporation
• AngioDynamics Inc.
• Mitsubishi Electric Corporation
• Shinva Medical Instrument Company Limited
• Neusoft Medical Systems Co. Ltd.
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Key Questions Answered in Report
• Which are the most lucrative markets for radiotherapy devices?
• Which factors will impact the growth of the market?
• How will changing trends impact the strategies of market players?
• How can market players capture the low-hanging opportunities across regions?
• Which companies are leading the radiotherapy devices industry?
• What are the winning strategies of stakeholders in the market?

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