Radiotherapy Market worth $10.01 billion by 2030, growing at a CAGR of 6.04% - Exclusive Report by 360iResearch

The "Radiotherapy Market by Product (Hardware, Software & Service), Type (External Beam Radiotherapy/Teletherapy, Internal Beam Radiotherapy/Brachytherapy, Systemic Radiotherapy), Procedure, Application, End-User - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Radiotherapy Market to grow from USD 6.64 billion in 2023 to USD 10.01 billion by 2030, at a CAGR of 6.04%.

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Radiotherapy comprises businesses in the medical and healthcare sectors that harness radiation as a mode of treatment, typically for cancer and some non-malignant conditions. It involves deploying high-energy radiation, such as X-rays, gamma rays, and charged particles, primarily destroying cancerous cells, minimizing their growth, and reducing symptoms in palliative cases. The growing adoption of radiotherapy procedures for cancer treatment and rising preference for minimally invasive procedures influence the development of radiotherapy. In contrast, high treatment costs, limited availability of trained professionals, and risks associated with radiation exposure are restricting the utilization of radiotherapy. However, several vendors are working and investing in R&D to overcome these issues. Furthermore, technological advancements and improvements in radiotherapy devices and the introduction of robotic radiotherapy systems for cancer treatment are opportunities for businesses to create and market cutting-edge devices.

The adoption of radiotherapy in the Americas is driven by various factors, primarily increasing cancer prevalence rates and a general preference for non-invasive treatment methods. Advanced technologies such as 3D conformal radiotherapy (3D CRT) and intensity-modulated radiotherapy (IMRT) contribute to this market's growth. Simultaneously, government initiatives focusing on cancer prevention and control are a significant factor behind this market's expansion. EMEA region has an increasing need for radiotherapy due to rising cancer incidents. With diverse cancer cases observed across the region, radiotherapy becomes a preferred treatment solution, offering targeted and efficient treatment outcomes. Regulatory approvals for innovative radiotherapy devices, the proliferation of cancer research, and robust healthcare frameworks further bolster the market. The APAC region is witnessing a rapid expansion in the radiotherapy market driven by the escalating burden of cancer. Several countries have high cancer rates, fueling the need for effective treatment modalities, including radiotherapy. The sector's growth is amplified by increasing awareness about early diagnosis, improved access to cancer treatments, and technological advancements within this domain. APAC's emerging economies are also investing heavily in healthcare infrastructure, which further propels the adoption of radiotherapy.

Market Segmentation & Coverage:

This research report categorizes the Radiotherapy Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Product, market is studied across Hardware and Software & Service. The Software & Service is projected to witness significant market share during forecast period.

Based on Type, market is studied across External Beam Radiotherapy/Teletherapy, Internal Beam Radiotherapy/Brachytherapy, and Systemic Radiotherapy. The External Beam Radiotherapy/Teletherapy is further studied across Conventional Cabalt-60 Teletherapy Units, Linear Accelerators, and Particle Therapy Systems. The Linear Accelerators is further studied across Conventional Linear Accelerators, CyberKnife TomoTherapy, Gamma Knife, MRI LINAC, and Stereotactic Advanced Electron/Cobalt-60 Linear Accelerators. The Particle Therapy Systems is further studied across Cyclotrons, Synchrocyclotron, and Synchrotrons. The Internal Beam Radiotherapy/Brachytherapy is further studied across Afterloaders, Applicators, IORT Systems, and Seeds. The Systemic Radiotherapy is further studied across lobenguane (l-131), Rhenium-186, and Samarium-153. The External Beam Radiotherapy/Teletherapy is projected to witness significant market share during forecast period.

Based on Procedure, market is studied across External Beam Radiotherapy, Instillation Radiotherapy, Internal Beam Radiotherapy or Brachytherapy, Intravenous Radiotherapy, Oral Radiotherapy, and Systemic Radiotherapy. The External Beam Radiotherapy is further studied across 3D Conformal Radiotherapy, Image-Guided Radiotherapy, Intensity-Modulated Radiotherapy, Particle Therapy, and Stereotactic Therapy. The Internal Beam Radiotherapy or Brachytherapy is further studied across High-Dose-Rate Brachytherapy, Low-Dose-Rate Brachytherapy, and Pulsed-Dose-Rate Brachytherapy. The External Beam Radiotherapy is projected to witness significant market share during forecast period.

Based on Application, market is studied across Breast Cancer, Cervical Cancer, Colorectal Cancer, Gynecological Cancer, Head & Neck Cancer, Lung Cancer, and Prostate Cancer. The Lung Cancer is projected to witness significant market share during forecast period.

Based on End-User, market is studied across Hospitals and Independent Radiotherapy Centers. The Hospitals is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 36.36% in 2023, followed by Europe, Middle East & Africa.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Radiotherapy Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Radiotherapy Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Radiotherapy Market, highlighting leading vendors and their innovative profiles. These include Accuray Incorporated, Agilent Technologies Inc., Becton, Dickinson and Company, Cardinal Health, Inc., Charles River Laboratories International, Inc., Elekta AB, F. Hoffmann-La Roche Ltd., GE HealthCare Technologies Inc., IBA Dosimetry GmbH, IntraOp Medical, Inc., Koninklijke Philips N.V., Leo Cancer Care, Mevion Medical Systems, Panacea Medical Technologies Pvt. Ltd., PerkinElmer, Inc., Qfix, Quanterix Corporation, Radiology Oncology Systems, Siemens AG, Varian Medical Systems, Inc., ViewRay Technologies, Inc., and ZEISS Group.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Radiotherapy Market, by Product
7. Radiotherapy Market, by Type
8. Radiotherapy Market, by Procedure
9. Radiotherapy Market, by Application
10. Radiotherapy Market, by End-User
11. Americas Radiotherapy Market
12. Asia-Pacific Radiotherapy Market
13. Europe, Middle East & Africa Radiotherapy Market
14. Competitive Landscape
15. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Radiotherapy Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Radiotherapy Market?
3. What is the competitive strategic window for opportunities in the Radiotherapy Market?
4. What are the technology trends and regulatory frameworks in the Radiotherapy Market?
5. What is the market share of the leading vendors in the Radiotherapy Market?
6. What modes and strategic moves are considered suitable for entering the Radiotherapy Market?

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