Press release
LINAC Devices Shaping Cancer Treatment Outcomes
The Business Research Company recently released a comprehensive report on the Global LINAC Devices Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.According to The Business Research Company's, The linac devices market size has grown strongly in recent years. It will grow from $4.79 billion in 2023 to $5.24 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. The growth in the historic period can be attributed to advancements in treatment delivery speed, standardization and regulation, growth in radiosurgery and stereotactic radiosurgery, enhanced safety features, improvements in imaging integration.
The linac devices market size is expected to see strong growth in the next few years. It will grow to $7.19 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to rise in cancer incidences, development of adaptive radiotherapy, increasing demand for image-guided radiation therapy (igrt), enhanced safety and patient comfort, integration of artificial intelligence (ai). Major trends in the forecast period include innovative software solutions, adaptive radiotherapy development, telemedicine integration, incorporation of motion management, focus on patient-centric care.
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Market Drivers and Trends:
Rising cancer cases is expected to propel the growth of the LINAC devices market forward. Cancer refers to a disease in which cells grow uncontrollably, and abnormal cells are spread in the body. Linear accelerators are used in radiation therapy to deliver external beam radiation (high-energy X-rays) at the cancer site to treat various cancers. For instance, in January 2023, according to the American Cancer Society, a US-based nonprofit cancer advocacy organization, the number of cancer cases increased from 1,898,160 in 2021 to 1,958,310 in 2023, reflecting a growth of 3.16%. , Therefore, the increased number of cancer cases is driving the LINAC devices market.
Technological advancements were a key trend gaining popularity in the LINAC devices market. Major companies in the market are introducing products based on innovative technologies such as ViewRay MRIdian MRI-Guided Radiation Therapy System to sustain their position in the market. For instance, in March 2023, GenesisCare, a US-based cancer and cardiac care provider, launched an MRI-guided radiation therapy system at the Lee Health Regional Cancer Center. MRIdian optimizes treatment such that fewer sessions may be necessary by combining precision radiation therapy with cutting-edge, high-resolution MRI guidance. The uniqueness of the product is that it is the first radiotherapy system with diagnostic-quality MRI with an advanced linear accelerator and provides access to the MRIdian Stereotactic MRI-guided Adaptive Radiotherapy (SMART) therapy.
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.
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Major Key Players of the Market:
Accuracy Inc.; Elekta AB; GE Healthcare Technologies Inc.; Hitachi Ltd.; Huiheng Medical Inc.; Koninklijke Philips N.V.; Mitsubishi Heavy Industries Ltd.; Top Grade Healthcare Group; Varian Medical Systems Inc.; Siemens Healthineers GmbH; Shinva Medical Instrument Co. Ltd.; Altair Technologies Inc.; BEVATECH GmbH; CGN Dasheng Electron Accelerator Technology Company Limited; Diondo GmbH; IBA SA; Brainlab AG; Panacea Medical Technologies Pvt. Ltd.; Viewray Technologies Inc.; MeVion Medical Systems Inc.; Sumitomo Heavy Industries Ltd.; ProNova Solutions LLC; RaySearch Laboratories AB; P-Cure Ltd.; Best Theratronics Ltd.; Advanced Oncotherapy PLC; RefleXion Medical Inc.; Nanobiotix S A; C-RAD AB; Theragenics Corporation; Isoray Inc.; Nordion Inc.
LINAC Devices Market 2024 Key Insights:
• The linac devices market will grow to $7.19 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%.
• Cancer Surge Drives Growth In The Linac Devices Market
• Technological Advancements Unleashed In Linac Devices Market
• North America was the largest region in the LINAC devices 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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