Image-Guided Radiation Therapy Market Size Forecasted To Achieve $2.4 Billion By 2029 With Steady Growth

The Image-Guided Radiation Therapy Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Image-Guided Radiation Therapy Market Size and Projected Growth Rate?
The market size for image-guided radiation therapy has robustly expanded in recent times. Projected growth from $1.89 billion in 2024 to $2.01 billion in 2025, with a compound annual growth rate (CAGR) of 6.1% is expected. The historical growth can be credited to factors such as increased industrialization, the need for quality assurance, regulatory adherence, the expansion of infrastructure projects, and the globalization of supply chains.

The market size of image-guided radiation therapy is projected to experience consistent expansion in the upcoming years, reaching $2.4 billion by 2029 with a compound annual growth rate (CAGR) of 4.6%. This anticipated expansion during the forecast period can be correlated to ongoing infrastructural growth, changes in the regulatory environment, the proliferation of renewable energy, heightened emphasis on sustainable measures, and a boost in aerospace and auto manufacturing. Noteworthy trends predicted for the forecast period encompass miniaturization and portability, advancements in the field of x-ray tube technology, the adoption of digital radiography, incorporation of artificial intelligence (AI), and customization tailored to particular applications.

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What Are the Major Segments in the Image-Guided Radiation Therapy Market?
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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What Are The Driving Image-Guided Radiation Therapy Market Evolution?
The escalating occurrence of cancer is predicted to impel the advancement of the image-guided radiation therapy market. Cancer denotes the unrestrained growth and spread of atypical cells within the human body. Due to the precise targeting of cancer cells, image-guided radiation therapy (IGRT) is employed in cancer treatment, which reduces potential harm to healthy tissue and decreases side effect risks. For instance, in January 2022, the US-based non-profit organization, American Cancer Society, estimated in a report that the anticipated new cancer cases will be about 2 million, marking a notable over 10% increase in figures. Accordingly, the cancer incidence surge is stimulating the progress of the image-guided radiation therapy market. The surge in healthcare expenditures leads to the growth of the image-guided radiation therapy market. Healthcare expenditure means the totality of financial assets devoted to healthcare services within a specific geographic region, country, or entity. Financing for image-guided radiation therapy in healthcare improves cancer therapy by heightening precision in radiation dispatch, culminating in enhanced patient results, minimized treatment aftereffects, and consequential long-term cost efficiencies via specific and potent cancer management. For example, as per a report by the Office for National Statistics, a UK government division, from 2022 to 2023, the UK's healthcare spending rose by 5.6%, whereas the previous year's growth was 0.9%. The healthcare expenditure in the UK was approximately $317.63 billion (£292 billion) in 2023. Therefore, this hike in healthcare expenditures spurs the growth of the image-guided radiation therapy market.

Which Firms Dominate The Image-Guided Radiation Therapy Market Segments?
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.

What Trends Are Driving Growth in The Image-Guided Radiation Therapy Market?
Leading companies in the image-guided radiation therapy sector are concentrating on technological enhancements like Cenos, an online adaptative therapy alternative for radiotherapy procedures. Cenos allows medical staff to swiftly and efficiently adjust a radiation therapy treatment strategy as needed while the patient is in the process of being treated. For instance, in October 2023, Accuray Incorporated, a US-based radiation therapy systems manufacturer, in collaboration with Limbus AI, an artificial intelligence firm based in Canada, unveiled the Cenos platform for its Radixact System. This system, a cutting-edge treatment delivery platform, offers uncompromising capabilities to manage a broad spectrum of cancer types including breast, prostate, lung, and head and neck cancers, as well as intricate treatments like total marrow irradiation. It boasts unique features such as a high-speed multileaf collimator, a fully integrated system, and the Tomo C platform. Furthermore, this therapy option equips healthcare providers with the opportunity to make online adjustments to their treatment strategies to accommodate any changes that might occur between treatment sessions.

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Which Is The Largest Region 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.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Image-Guided Radiation Therapy Market?
2. What is the CAGR expected in the Image-Guided Radiation Therapy Market?
3. What Are the Key Innovations Transforming the Image-Guided Radiation Therapy Industry?
4. Which Region Is Leading the Image-Guided Radiation Therapy Market?

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