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Single Dose Radiotherapy Services Market Size, Insights, Outlook, Overview By 2024-2033
Single Dose Radiotherapy Services Market Size
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According to The Business Research Company's, The single-dose radiotherapy services market size has grown strongly in recent years. It will grow from $1.37 billion in 2023 to $1.48 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to technological advancements, integration of big data analytics, development of portable radiotherapy devices, increasing use of robotics in radiotherapy, and adoption of cloud-based treatment planning.
The single-dose radiotherapy services market size is expected to see strong growth in the next few years. It will grow to $2.02 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to the rising adoption of single-dose therapies, growing demand for non-invasive treatments, increasing healthcare expenditure, growing geriatric population, and expanding telemedicine services. Major trends in the forecast period include technological advancements, integration of big data analytics, development of portable radiotherapy devices, increasing use of robotics in radiotherapy, and adoption of cloud-based treatment planning.
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Market Drivers and Trends:
The increase in cancer prevalence is anticipated to propel the market for single-dose radiotherapy services going forward. Cancer refers to a class of diseases characterized by uncontrolled cell growth, often forming tumors that can invade and spread to other parts of the body, impairing normal bodily functions. The prevalence of cancer is due to aging populations, lifestyle changes, environmental exposures, and advancements in detection and diagnosis. Single-dose radiotherapy services contribute to mitigating rising cancer prevalence by delivering swift, effective treatment that targets and eliminates cancer cells, potentially enhancing patient outcomes and lessening disease burden. For instance, in June 2024, according to the International Agency for Research on Cancer (IARC), a France-based intergovernmental organization, the number of new instances of breast cancer worldwide increased from 2.26 million in 2020 to 2.31 million cases in 2022. Therefore, the increase in cancer prevalence drives growth in the single-dose radiotherapy services market.
Major companies operating in the single-dose radiotherapy services market are increasing their focus on developing innovative solutions, such as radiation therapy computed tomography (CT) solutions, to enhance imaging accuracy and simplify simulation workflows for oncology care. A new radiation therapy computed tomography (CT) solution is an advanced imaging system designed to improve the precision of radiation treatment, while the AI-enhanced version of the intelligent radiation therapy (iRT) platform incorporates artificial intelligence to optimize and personalize radiation therapy plans. For instance, in May 2024, GE HealthCare, a US-based medical technology company, launched Revolution RT and the Updated Intelligent Radiation Therapy (IRT) Platform. These solutions feature enhanced imaging accuracy, improved workflow efficiency, and AI-driven personalization, with the Revolution RT focusing on precise radiotherapy simulation and the updated iRT platform to streamline workflows and enhance precision. These technological advancements in radiotherapy significantly improve imaging accuracy and precision, simplify workflows, and enhance personalization and analytics capabilities, optimizing single-dose radiotherapy treatments for individual patients and increasing the efficiency, effectiveness, and accessibility of these services.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Hitachi Ltd., Varian Medical Systems Inc., Boston Scientific Corporation, Elekta AB, GenesisCare, Accuray Incorporated, IBA Dosimetry GmbH, Sirtex Medical Limited, Telix Pharmaceuticals Limited, ViewRay Inc., RaySearch Laboratories AB, RefleXion Medical Inc., Sensus Healthcare Inc., C-RAD AB, Panacea Medical Technologies Pvt. Ltd., Advanced Oncotherapy Plc, ProTom International Inc., Isoray Inc., IntraOp Medical Corporation, Alliance Oncology, Nanobiotix, Xcision Medical Systems LLC, Oraya Therapeutics Inc.
Single Dose Radiotherapy Services Market 2024 Key Insights:
• The single-dose radiotherapy services market size is expected to see strong growth in the next few years. It will grow to $2.02 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%.
• Increasing Cancer Prevalence Drives Growth In Single Dose Radiotherapy Services Market
• Innovative Solutions Enhance Single Dose Radiotherapy Services Market's Precision And Efficiency
• North America was the largest region in the single dose radiotherapy services market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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Contact Us:
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Europe: +44 207 1930 708
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Americas: +1 315 623 0293
Email: info@tbrc.info
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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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