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Radiation Oncology Market worth $22.23 billion by 2030, growing at a CAGR of 7.28% - Exclusive Report by 360iResearch
Radiation Oncology Market | 360iResearch
The Global Radiation Oncology Market to grow from USD 13.59 billion in 2023 to USD 22.23 billion by 2030, at a CAGR of 7.28%.
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Radiation oncology focuses on the use of ionizing radiation in the treatment of cancer. It involves the precise delivery of radiation to target and eliminate cancer cells or inhibit their development. Radiation therapy is a critical element of cancer treatment and can be used as a standalone therapy or in combination with chemotherapy and other therapeutic modalities. Radiation oncology continually evolves with technological advancements and treatment techniques, allowing for more precise and effective cancer care. Factors contributing to the growth of the radiation oncology market include the increasing global prevalence of cancer, advancements in radiation therapy technologies, and the rising demand for non-invasive treatment modalities. However, the high costs associated with radiation therapy and related instruments and a lack of skilled professionals pose a significant challenge to the market. Rising government enterprises and investments in R&D in the treatment of cancer treatments and advances in radiation oncology treatment to improve treatment safety create a lucrative opportunity for the radiation oncology market.
The radiation oncology market is growing in the Americas due to high healthcare expenditure, advanced healthcare infrastructure, and a robust pipeline of technological innovations. The rising aging population, rising cancer prevalence, and a well-established reimbursement system facilitate access to radiation therapy in the region. The European Union exhibits a strong demand for radiation oncology services with a well-distributed network of facilities and a growing interest in oncology research and development. The Middle East and Africa's radiation oncology market is influenced by growing investment in healthcare infrastructure, an increasing adoption of advanced technologies, and the establishment of new cancer treatment facilities procuring new-generation equipment. Governmental investments in healthcare infrastructure and a rising incidence of cancer emphasis on local equipment manufacturing demonstrate significant growth of the radiation oncology market in the APAC region.
Market Segmentation & Coverage:
This research report categorizes the Radiation Oncology Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Product, market is studied across Hardware, Services, and Software. The Hardware is projected to witness significant market share during forecast period.
Based on Technology, market is studied across External Beam Radiation Therapy and Internal Beam Radiation Therapy. The External Beam Radiation Therapy is further studied across Compact advanced radiotherapy systems, Linear Accelerators (Linac), and Proton Therapy. The Compact advanced radiotherapy systems is further studied across Cyberknife, Gamma Knife, and Tomotherapy. The Proton Therapy is further studied across Cyclotron and Synchrotron. The Internal Beam Radiation Therapy is further studied across Brachytherapy and Systemic Beam Radiation Therapy. The Brachytherapy is further studied across Applicators & After loaders, Electronic Brachytherapy, and Seeds. The Internal Beam Radiation Therapy is projected to witness significant market share during forecast period.
Based on Application, market is studied across Blood Cancer, Breast Cancer, Gastrointestinal Cancer, Prostate Cancer, Respiratory & Lung Cancer, and Skin Cancer. The Respiratory & 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 Independent Radiotherapy Centers 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 Europe, Middle East & Africa commanded largest market share of 36.43% in 2023, followed by Americas.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Radiation Oncology 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 Radiation Oncology 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 Radiation Oncology Market, highlighting leading vendors and their innovative profiles. These include Accuray Incorporated, Becton, Dickinson and Company, Bionix LLC, BrainLab AG, Canon Inc., Carl Zeiss AG, Curium SAS, Eckert and Ziegler AG, Elekta AB, GE HealthCare Technologies Inc., Hitachi, LTD., Hologic, Inc., IntraOp Medical, Inc., Ion Beam Applications S.A., Isoray Inc., Koninklijke Philips N.V., Nordion Inc., Optivus Proton Therapy, Inc., P-Cure LTD., Panacea Medical Technologies Pvt. LTD., Provision Healthcare, LLC., Stryker Corporation, Sumitomo Heavy Industries, LTD, Theragenics Corporation, Varian Medical Systems by Siemens Healthineers, and ViewRay, Inc..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Radiation Oncology Market, by Product
7. Radiation Oncology Market, by Technology
8. Radiation Oncology Market, by Application
9. Radiation Oncology Market, by End-User
10. Americas Radiation Oncology Market
11. Asia-Pacific Radiation Oncology Market
12. Europe, Middle East & Africa Radiation Oncology Market
13. Competitive Landscape
14. 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 Radiation Oncology Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Radiation Oncology Market?
3. What is the competitive strategic window for opportunities in the Radiation Oncology Market?
4. What are the technology trends and regulatory frameworks in the Radiation Oncology Market?
5. What is the market share of the leading vendors in the Radiation Oncology Market?
6. What modes and strategic moves are considered suitable for entering the Radiation Oncology Market?
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