Comprehensive 2025 Image-Guided Radiation Therapy Market Overview: Trends, Forecasts, and Growth Drivers

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What Is the Expected CAGR for the Image-Guided Radiation Therapy Market Through 2025?
In recent times, there has been substantial growth in the image-guided radiation therapy market. This market is predicted to expand from $1.89 billion in 2024 to $2.01 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 6.1%. The significant growth during the historical period can be traced back to factors such as increased industrialization, the necessity for quality assurance, regulatory adherence, the growth of infrastructure projects, and the spread of supply chains globally.

What's the Projected Size of the Global Image-Guided Radiation Therapy Market by 2029?
In the coming years, the market size for image-guided radiation therapy is anticipated to experience consistent expansion. The market is projected to increase to $2.4 billion by 2029, with a compound annual growth rate (CAGR) of 4.6%. The growth during this forecasted period can be linked to ongoing infrastructure progress, changes in regulatory environments, expansion of renewable energy, enhanced emphasis on sustainable initiatives, and a surge in aerospace and automotive production. Notable trends observed in this forecast period are the miniaturization and portability, technological advancements in x-ray tubes, the adoption of digital radiography, the integration of artificial intelligence (AI), and the customization for specific applications.

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Top Growth Drivers in the Image-Guided Radiation Therapy Industry: What's Accelerating the Market?
The rise in cancer cases is anticipated to fuel the expansion of the image-guided radiation therapy market. Cancer is characterized by the uncontrolled growth and spread of abnormal cells within the body. Due to its capacity to deliver precise radiation to cancer cells while causing minimal harm to healthy tissue and decreasing side effects, Image-guided radiation therapy (IGRT) is utilized for cancer treatment. For example, a report by the American Cancer Society in January 2022, a non-profit organization based in the U.S., projected approximately 2 million new cancer diagnoses, indicating a substantial over 10% increase. As a result, the spike in cancer cases is spurring the Image-guided radiation therapy market's growth. The surge in healthcare expenditure is catalyzing the expansion of the image-guided radiation therapy market. Healthcare expenditure refers to the sum of the financial resources dedicated to the healthcare sector in a specific region, nation, or organization. Healthcare expenditure on image-guided radiation therapy improves cancer treatment by enhancing the precision and accuracy of radiation delivery, leading to better patient results, fewer treatment side effects, and eventual cost reductions through targeted and effective cancer treatment. For instance, a report released by the UK's Office for National Statistics in May 2023 shows an annual healthcare spending growth of 5.6%, compared to 0.9% in 2022. The total UK healthcare expenditure reached around $317.63 billion (£292 billion) in 2023. Therefore, an uptick in healthcare expenditure is propelling the image-guided radiation therapy market's growth.

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What Trends Will Shape the Image-Guided Radiation Therapy Market Through 2029 and Beyond?
Top businesses in the image-guided radiation therapy market are concentrating on innovative technologies like Cenos, an online adaptive solution for radiotherapy procedures. Cenos enables healthcare practitioners to swiftly and efficiently adjust a radiation therapy regimen if necessary while the patient is still under treatment. For example, in October 2023, Accuray Incorporated, an American radiation therapy systems manufacturer, jointly with Limbus AI, a Canadian AI firm, introduced the Cenos platform for their Radixact System. This advanced treatment delivery system offers uncompromised capabilities to handle a broad spectrum of cancer conditions, including those of the breast, prostate, lung, and head and neck, along with intricate treatments such as total marrow irradiation. It possesses unique properties like a high-speed multileaf collimator, a full integration platform, and the Tomo C platform. Furthermore, this treatment choice allows healthcare providers the opportunity to make online modifications to their treatment strategies to accommodate any changes that may occur between treatment sessions.

What Are the Main 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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Which Top Companies are Driving Growth in the Image-Guided Radiation Therapy Market?
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.

Which Regions Will Dominate the Image-Guided Radiation Therapy Market Through 2029?
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.

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