Press release
Radiotherapy Market is Predicted to Grow at a CAGR of 6.0% During 2022-2031 | Elekta (Sweden) Accuray Incorporated (US), IBA
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.
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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 and colon are among the most common cancers that further accelerates the market progress for radiotherapy. Similarly, according to International Agency for Research on Cancer (IARC), over seventeen million new cancer cases across the globe were observed in 2018. And by 2040, it is projected to grow to 27.5 million new cases. Therefore, radiotherapy is the most common method used to treat cancer and ease the symptoms of cancer and further slows or stops the growth of damaged cells. Hence, aforementioned aspects will prove beneficial for the overall market progression.
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Global Radiotherapy Market Segmentation
Type
External Beam Radiation Therapy
Intensity-Modulated Radiation Therapy (IMRT)
Image-Guided Radiation Therapy (IGRT)
Proton Therapy
Others
Internal Radiation Therapy
Systemic Radiation Therapy
Application
Lung Cancer
Prostate Cancer
Breast Cancer
Cervical Cancer
Head & Neck Cancer
Others
End-use
Hospitals
Radiotherapy Centers & Ambulatory Surgery Centers
Cancer Research Institutes
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Region
North America
The U.S.
Canada
Mexico
Europe
UK
Germany
France
Spain
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Rest of World
Latin America
Middle East
Africa
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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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Radiotherapy is majorly used to control the growth of a tumor while restricting the harm to nearby normal and healthy tissue.
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Major Companies operating in the Radiotherapy Market 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.
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