Image-Guided Radiation Therapy Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends

What market dynamics are playing a key role in accelerating the growth of the image-guided radiation therapy market?
The rising prevalence of cancer is anticipated to boost the expansion of the image-guided radiation therapy market in the future. Cancer is characterized by uncontrolled growth and spread of abnormal cells within the body. Image-guided radiation therapy (IGRT) is applied in cancer treatment owing to its ability to deliver precise radiation to cancer cells while keeping healthy tissue damage and side effects to a minimum. For example, a report by the American Cancer Society, a non-profit organization based in the US, in January 2022, projected nearly 2 million new cancer diagnosis, marking a notable increase of over 10%. Hence, the escalating occurrence of cancer fuels the growth of the image-guided radiation therapy market. The surge in healthcare expenditure is stimulating growth in the image-guided radiation therapy market. Healthcare expenditure denotes the total sum of financial resources dedicated to the healthcare sector within a particular region, country, or institution. The funds allocated for image-guided radiation therapy in healthcare spending are used to enhance cancer treatment through greater precision and accuracy in radiation delivery, improving patient outcomes, reducing treatment side effects, and ultimately leading to cost savings by providing efficient cancer care. For example, a report by the Office for National Statistics, a UK Government department, released in May 2023, indicated a 5.6% increase in UK healthcare spending between 2022 and 2023, compared to growth of 0.9% in 2022. UK healthcare expenditure amounted to approximately $317.63 billion (£292 billion) in 2023. As a result, the surge in healthcare spending propels the expansion of the image-guided radiation therapy market.

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How will the growth rate of the image-guided radiation therapy market shape industry trends by 2034?
Recently, the market size for image-guided radiation therapy has experienced substantial growth. The market is predicted to rise from $1.89 billion in 2024 to $2.01 billion in 2025, boasting a compound annual growth rate (CAGR) of 6.1%. The remarkable growth in the historical span can be traced back to factors such as rising industrialization, regulatory demands for quality assurance, infrastructure project expansion, as well as globalization of supply chains.

The market size of image-guided radiation therapy is anticipated to consistently expand in the next couple of years, escalating to $2.4 billion in 2029 with a 4.6% compound annual growth rate (CAGR). The projected augmentation during the forecast period is due to ongoing infrastructure development, changes in regulatory frameworks, growth in renewable energy, heightened emphasis on sustainable methods, and increased aerospace and automotive production. Key trends foreseen during the forecast period include shrinking device size and increased mobility, technology advancements in x-ray tubes, adopting digital radiography, AI integration, and specialization for particular applications.

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What trends are poised to drive the future success of the image-guided radiation therapy market?
Leading firms in the image-guided radiation therapy market are concentrating on technological advancements like Cenos, an online adaptive therapy alternative for radiotherapy procedures. This technology empowers medical professionals to adapt a radiation therapy treatment plan promptly and efficiently if required while the patient is still receiving treatment. For example, Accuray Incorporated, a US-based radiation therapy system producer, teamed up with Canada's artificial intelligence firm Limbus AI, to roll out the Cenos platform for its Radixact System in October 2023. This cutting-edge treatment delivery system offers unrivaled capabilities to treat various cancer types, such as breast, prostate, lung, and head and neck cancers, and complex procedures like total marrow irradiation. It is equipped with unique features like a high-speed multileaf collimator, a wholly integrated platform, and the Tomo C platform. Additionally, this innovative therapy option gives healthcare providers the ability to make online adjustments to their treatment plan to account for any alterations that may occur between treatment sessions.

Which primary segments of the image-guided radiation therapy market are driving growth and industry transformations?
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

Subsegments:
1) By 4D Gating and 4D RT: 4D Gating Systems, 4D Radiation Therapy Systems
2) By Linear Accelerator (LINAC): Conventional LINAC Systems, Advanced LINAC Systems
3) By PET And MRI Guided Radiation Therapy: PET/CT Guided Radiation Therapy, MRI Guided Radiation Therapy
4) By Portal Imaging: Electronic Portal Imaging, Conventional Portal Imaging
5) By CT Scanning: CT Imaging For Radiation Therapy Planning, Cone Beam CT For Radiation Therapy

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Which geographical regions are pioneering growth in the image-guided radiation therapy market?
North America was the largest region in the image-guided radiation therapy market in 2024. 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.

Who are the influential players reshaping the image-guided radiation therapy market landscape?
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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What Is Covered In The Image-Guided Radiation Therapy Global Market Report?

•Market Size Forecast: Examine the image-guided radiation therapy market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the image-guided radiation therapy market for a structured understanding.
•Key Players Overview: Analyze major players in the image-guided radiation therapy market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the image-guided radiation therapy market.
•Segment Contributions: Evaluate how different segments drive overall growth in the image-guided radiation therapy market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the image-guided radiation therapy market.
•Industry Challenges: Identify potential risks and obstacles affecting the image-guided radiation therapy market.
•Competitive Landscape: Review strategic developments in the image-guided radiation therapy market, including expansions, agreements, and new product launches.

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