Press release
Key Driver Shaping the Future Medical Linear Accelerator Market From 2025-2034: Increasing Global Cancer Burden Propels Growth In The Medical Linear Accelerator Market
Medical Linear Accelerator Market
There has been a noticeable increase in the market size of medical linear accelerators in the past few years. It is predicted to expand from $3.69 billion in 2024 to $4 billion by 2025, representing a compound annual growth rate (CAGR) of 8.6%. The historical growth trend is mainly driven by factors such as higher incidence of cancer, technological improvements in radiation therapy, government incentives and monetary aid for cancer care, better accessibility to both public and private healthcare facilities, as well as heightened knowledge regarding radiation therapy being a viable cancer treatment option.
In the coming years, a significant increase is forecasted in the medical linear accelerator market, expected to reach a substantial value of $5.54 billion by 2029, with a consistent annual growth rate (CAGR) of 8.5%. The surge anticipated during this forecast period is mainly due to factors such as the proliferation of cancer treatment facilities in upcoming economies, a heightened emphasis on individualized cancer treatment, favorable government policies and initiatives towards cancer care, and an increasing elderly population. The forecast period is also expected to witness certain key trends including technological progress in medical linear accelerators, ongoing advancements in LINAC technology, novel introductions like intensity modulated radiation therapy (IMRT), the release of new medical linear accelerators, efficient management of organ movement in real-time, and betterment in dose delivery techniques.
What Are the Forces Behind the Rapid Growth of the Medical Linear Accelerator Market?
The escalating worry of cancer is anticipated to further the expansion of the medical linear accelerator market. Due to factors such as an aging population, changes in lifestyle, and environmental effects causing a surge in global cancer cases, the need for cancer therapy has escalated. Medical linear accelerators play a crucial role in cancer treatment by delivering accurate, high-energy radiation rays that aim at and eradicate cancerous cells, while diminishing damage to the neighbouring healthy tissues. Consequently, these accelerators are crucial for efficient and regulated radiation therapy. For example, the American Cancer Society, a US-based organization, reported in January 2024 that about 297,790 new incidences of invasive breast cancer were diagnosed in women during 2023. Consequently, the escalating worry of cancer fuels the expansion of the medical linear accelerator market.
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Who Are the Dominant Companies Influencing Medical Linear Accelerator Market Trends?
Major companies operating in the medical linear accelerator market are Mitsubishi Heavy Industries Ltd., Toshiba Corporation, Siemens Healthineers, Koninklijke Philips N.V., GE HealthCare Technologies Inc., Hitachi High-Tech Corporation, Elekta AB, Shinva Medical Instrument Co. Ltd., Accuray Incorporated, Brainlab AG, Mevion Medical Solutions, ViewRay Inc., PTW Freiburg GmbH, CIVCO Medical Solutions, C-RAD, Panacea Medical Technologies Pvt. Ltd., Zygo Corporation, ProTom International, Altair Technologies Inc., AccSys Technology Inc., Mirada Medical, Huiheng Medical Inc., BEVATECH GmbH
Who Are the Dominant Companies Influencing Market Trends?
Leading companies in the medical linear accelerator market are making strides in enhancing and fine-tuning treatment planning through the use of AI and machine learning algorithms. This includes AI-enhanced imaging, which enhances treatment precision and patient outcomes, as well as optimizes operational productivity. The advanced technology better the quality of images, aiding in a more accurate detection and localization of tumors, and personalized treatment plans. For example, in May 2024, Elekta, a neuroscience company based out of Sweden, unveiled its latest linear accelerator, the Evo. This CT-Linac system, equipped with AI-enhanced imaging, provides offline and online adaptive radiation therapy, as well as enhanced image-guided radiation therapy treatments. The multifunctional Evo provides a range of radiation therapy techniques, allowing doctors to choose the ideal method for each individual patient. The Evo's adaptive radiotherapy capabilities aim to reduce risks and potential damage to surrounding organs. The Evo's sophisticated AI and anatomy-specific algorithms improve high-definition imaging through Iris, which ensures precise target visualization and additional automation. Elekta has broadened their software offerings with Elekta ONE Planning, which is supported by MIM. This new addition offers distributed treatment planning, quicker dose calculations, and AI-driven contouring and dose plan automation.
What Are the Different Segmentations in the Medical Linear Accelerator Market?
The medical linear accelerator market covered in this report is segmented -
1) By Type: Low-Energy, High-Energy
2) By Product Type: Dedicated Linear Accelerator, Non-Dedicated Linear Accelerator
3) By Treatment Type: Intensity Modulated Radiation Therapy, Volumetric Modulated Arc Therapy (VMAT), Image Guided Radiation Therapy, Stereotactic Radiosurgery Or Stereotactic Body Radiotherapy
4) By End User: Hospitals, Clinics, Research Centers
Subsegments:
1) By Low-Energy: Low-Energy X-Ray Medical Linear Accelerators, Low-Energy Electron Beam Linear Accelerators, Low-Energy Linear Accelerators For Pediatric Treatments, Low-Energy Linear Accelerators For Skin Cancer Treatment
2) By High-Energy: High-Energy X-Ray Medical Linear Accelerators, High-Energy Electron Beam Linear Accelerators, High-Energy Proton Therapy Linear Accelerators, High-Energy Linear Accelerators For Advanced Radiation Therapy, High-Energy Linear Accelerators For Stereotactic Body Radiation Therapy (SBRT)
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Which Region Is at the Forefront of the Medical Linear Accelerator Market?
North America was the largest region in the medical linear accelerator market in 2024. Asia-Pacific is expected to be the fastest-growing region in the market. The regions covered in the medical linear accelerator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Medical Linear Accelerator Global Market Report?
- Market Size Analysis: Analyze the medical linear accelerator Market Size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the medical linear accelerator market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall medical linear accelerator market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the medical linear accelerator market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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