Image-Guided Radiation Therapy Market Share Analysis, Trends, Segmentation, And Forecast To 2033

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Image-Guided Radiation Therapy Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $2.3 billion In 2028 At A CAGR Of 5.0% :

The image-guided radiation therapy market size has grown strongly in recent years. It will grow from $1.78 billion in 2023 to $1.89 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to growing industrialization, quality assurance requirements, regulatory compliance, expanding infrastructure projects, globalization of supply chains..

The image-guided radiation therapy market size is expected to see steady growth in the next few years. It will grow to $2.3 billion in 2028 at a compound annual growth rate (CAGR) of 5.0%. The growth in the forecast period can be attributed to continued infrastructure development, evolving regulatory landscape, renewable energy expansion, increased focus on sustainable practices, rise in aerospace and automotive production.. Major trends in the forecast period include miniaturization and portability, advancements in x-ray tube technology, digital radiography adoption, integration of artificial intelligence (ai), customization for specific applications..

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Image-Guided Radiation Therapy Market Major Segments
The image-guided radiation therapy market covered in this report is segmented -

1) By Product Type: 4D Gating And 4D RT, Linear Accelerator (LINAC), PET And MRI Guided Radiation Therapy, Portal Imaging, CT Scanning
2) By Procedure: Intensity-Modulation Radiation Therapy, 3D Conformal Radiation Therapy, Stereotactic Therapy, Proton Beam Therapy, Particle Therapy
3) By Application: Lung Cancer, Prostate Cancer, Head And Neck Cancer, Gynecological Cancer, Gastrointestinal Cancer, Other Applications
4) By End User: Hospitals, Independent Radiotherapy Centers

Key Driver - Rising Cancer Incidence Fuels Growth in the Image-Guided Radiation Therapy Market

The increasing incidence of cancer is expected to propel the growth of the image-guided radiation therapy market going forward. Cancer refers to the uncontrolled proliferation and dissemination of abnormal cells within the body. Image-guided radiation therapy (IGRT) is used for cancer treatment due to its ability to provide precise and accurate radiation to cancer cells while minimizing damage to healthy tissue and reducing side effects. For instance, in January 2022, according to a report by the American Cancer Society, a US-based non-profit organization, the anticipated number of newly diagnosed cancer cases is around 2 million, which represents a significant increase of nearly over 10% compared to the 1.8 million new cases reported in 2021. Therefore, the increasing incidence of cancer is driving the growth of the image-guided radiation therapy market going forward.

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Prominent Trend - Leading Companies Drive Innovation In The Image-Guided Radiation Therapy Market

Major companies operating in the image-guided radiation therapy market are focusing on technological advancements such as Cenos, which is an online adaptive therapy option for radiotherapy treatments. Cenos offers healthcare professionals the ability to promptly and effectively modify a radiation therapy treatment plan if needed while the patient is still undergoing treatment. For instance, in October 2023, Accuray Incorporated, a US-based manufacturer of radiation therapy systems, in partnership with Limbus AI, a Canada-based artificial intelligence company, launched the Cenos platform for its Radixact System. It is a state-of-the-art treatment delivery system that offers compromise-free capabilities to treat a wide range of cancer cases, including breast, prostate, lung, and head and neck cancers, as well as complex treatments such as total marrow irradiation. It has unique features, including a high-speed multileaf collimator, a fully integrated platform, and the Tomo C platform. Moreover, this therapy option provides healthcare providers with the option to carry out an online adjustment of their treatment plan to accommodate any changes that may arise between treatment sessions.

Image-Guided Radiation Therapy Market Players
Major companies operating in the image-guided radiation therapy market report are Hitachi Ltd., Toshiba Corporation, Siemens Healthcare GmbH, Koninklijke Philips N.V., GE Healthcare Company , Varian Medical Systems Inc., Elekta AB, Canon Medical Systems R&D (Dalian) Co. Ltd., Accuray Incorporated, Ion Beam Applications S.A., Brainlab AG, ViewRay Technologies Inc., Mevion Medical Systems Inc., RaySearch Laboratories AB, Vision RT Ltd. , Sun Nuclear Corporation, IZI Medical Products LLC, Eckert & Ziegler BEBIG GmbH, C-RAD AB, Standard Imaging Inc., CIVCO Radiotherapy Inc., IntraOp Medical Corporation, RTsafe Solutions Ltd., ASG Superconductors S.p.A., Mirada Medical Corporation, Xstrahl Ltd., Mobius Medical Systems LP, Precision X-Ray Inc., RefleXion Medical Inc., Panacea Medical Technologies Pvt. Ltd.

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Largest And Fastest Growing Region In The Market
North America was the largest region in the image-guided radiation therapy market in 2023. The regions covered in the image-guided radiation therapy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Image-Guided Radiation Therapy Market Report Structure
3. Image-Guided Radiation Therapy Market Trends And Strategies
4. Image-Guided Radiation Therapy Market - Macro Economic Scenario
5. Image-Guided Radiation Therapy Market Size And Growth
…..
27. Image-Guided Radiation Therapy Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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