Comprehensive 2025 Radiotherapy Devices Market Overview: Trends, Forecasts, and Growth Drivers

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What Is the Expected CAGR for the Radiotherapy Devices Market Through 2025?
The size of the radiotherapy devices market has significantly expanded in the past few years. It is predicted to increase from $6.16 billion in 2024 to $6.64 billion in 2025, with a compound annual growth rate (CAGR) of 7.8%. The upturn in the historical phase can be accredited to the rising prevalence of cancer, patient-oriented care, an aging demographic, heightened awareness about radiotherapy devices, and the growth of teletherapy and remote monitoring.

What's the Projected Size of the Global Radiotherapy Devices Market by 2029?
Projected robust growth in the radiotherapy devices market is anticipated in the forthcoming years, with its value expected to swell to $9.31 billion by 2029, displaying a compound annual growth rate (CAGR) of 8.8%. This growth during the forecast period is anticipated to be driven by factors like the expansion of proton therapy, combination of immunotherapy, escalating demand for accurate and targeted radiation protocols, and the implementation of minimally invasive radiotherapy methodologies. Key trends emerging during this forecast period encompass advancements in proton therapy, the rise in hypofractionated radiotherapy, the adaptation of radiotherapy, enhanced patient experiences and the incorporation of artificial intelligence (AI).

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Top Growth Drivers in the Radiotherapy Devices Industry: What's Accelerating the Market?
The cancer prevalence's rise is anticipated to stimulate the radiotherapy devices market's expansion. Prevalence of cancer implies the total count or percentage of individuals in a population who have been identified with cancer at a specific point in time or over a certain duration. Radiotherapy is often used as a main or supplementary treatment for patients who have been newly diagnosed with cancer. It's frequently used to shrink tumors, regulate cancer's expansion, or kill cancer cells before or following surgery. For example, as reported by the Australian Institute of Health and Welfare, an Australian government agency, in July 2024 the number of diagnosed cancer cases in Australia surged from 160,570 in 2022 to 164,694 in 2023, indicating a considerable annual increase. This climbing trend underscores the escalating prevalence of cancer in the nation. Hence, the rising prevalence of cancer is fueling the expansion of the radiotherapy devices market.

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What Are the Key Trends Driving Radiotherapy Devices Market Growth?
The pivotal role of Artificial Intelligence (AI) in the evolution of the radiotherapy devices market is a key trend gaining increasing traction. The integration of AI technology into healthcare, particularly in relation to diseases, is anticipated to enhance the accuracy and rapidity of diagnoses, aid medical decision-making processes, and yield superior outcomes. For example, HCG cancer hospital unveiled an AI-based radiation treatment technology in October 2022, illustrating its effectiveness in radiotherapy. The conventional treatment planning procedure typically requires days to develop an optimized radiation treatment delivery plan, but the advent of AI technology is accelerating this process. Moreover, AI is predicted to implement deep learning programs in treatment planning, clinical decision assistance, automated image-guided adaptive radiation therapy, and genomic/radio-biological data excavation, consequently propelling market expansion.

What Are the Main Segments in the Radiotherapy Devices Market?
The radiotherapy devices market covered in this report is segmented -

1) By Product Type: External Beam Radiation Therapy Devices, Linear Accelerator Devices, Proton Therapy Devices
2) By Application: Skin Cancer, Breast Cancer, Prostate Cancer, Cervical Cancer, Lung Cancer, Other Applications
3) By End Users: Hospitals, Ambulatory Surgical Centers, Oncological Treatment Centers

Subsegments:
1) By External Beam Radiation Therapy Devices: Intensity-Modulated Radiation Therapy (IMRT) Devices, Image-Guided Radiation Therapy (IGRT) Devices, Stereotactic Body Radiation Therapy (SBRT) Devices, Stereotactic Radiosurgery (SRS) Devices, 3D Conformal Radiation Therapy (3D CRT) Devices
2) By Linear Accelerator Devices: Conventional Linear Accelerators, Stereotactic Linear Accelerators
3) By Proton Therapy Devices: Cyclotron-Based Devices, Synchrotron-Based Devices, Synchrocyclotron-Based Devices

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Which Top Companies are Driving Growth in the Radiotherapy Devices Market?
Major companies operating in the radiotherapy devices market include Varian Medical Systems Inc., Elekta AB, Accuray Incorporated, Becton Dickinson and Company, IBA Ion Beam Applications SA, Koninklijke Philips N.V., Siemens Aktiengesellschaft, Eckert & Ziegler Bebig, IsoRay Inc., General Electric Healthcare, Vision RT Ltd., RaySearch Laboratories AB, Theragenics Corporation, Canon Medical Systems Corporation, AngioDynamics Inc., Mitsubishi Electric Corporation, Shinva Medical Instrument Company Limited, Neusoft Medical Systems Co. Ltd., Mevion Medical Systems Inc., Optivus Proton Therapy Inc., Panacea Medical Technologies Pvt. Ltd., P-Cure Ltd., Provision Healthcare LLC, Sumitomo Heavy Industries Ltd., ViewRay Inc., Miranda Medical, Nordion Inc., NTP Radioisotopes SOC Ltd., Curium, Hitachi Ltd., Brainlab AG, Best Theratronics Ltd., ProTom International Inc., RefleXion Medical Inc., Insightec Ltd., HistoSonics Inc., Novocure Ltd., TomoTherapy Incorporated, Agile MV LLC, CIVCO Radiotherapy, Neutron Therapeutics, Diapulse Corporation of America, Johari Digital Healthcare Ltd., Alpha Tau Medical Ltd.

Which Regions Will Dominate the Radiotherapy Devices Market Through 2029?
North America was the largest region in the radiotherapy devices market in 2024. Asia-Pacific was the second-largest region in the global radiotherapy devices market report. The regions covered in the radiotherapy devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

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