Image-Guided Radiation Therapy Market on Track for Strong Growth, Estimated to Grow at 4.5% CAGR Through 2029

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What Is the Expected CAGR for the Image-Guided Radiation Therapy Market Through 2025?
The market encompassing image-guided radiation therapy has experienced substantial expansion in recent times, projected to increase from its 2024 valuation of $1.89 billion to $1.99 billion by 2025, reflecting a compound annual growth rate of 5.3%; this past growth momentum is linked to escalating industrial activity, heightened demands for quality assurance, adherence to regulatory standards, the proliferation of infrastructure developments, and the worldwide integration of supply networks.

What's the Projected Size of the Global Image-Guided Radiation Therapy Market by 2029?
Foreseeing consistent expansion, the market centered on image-guided radiation therapy is projected to reach a valuation of $2.37 billion by 2029, driven by a compound annual growth rate (CAGR) of 4.5%. This upward trajectory during the future period is fueled by ongoing enhancements in infrastructural capabilities, the shifting terrain of regulations, the widening scope of renewable energy deployment, greater emphasis placed on environmentally sound methods, and upticks in both aerospace and automotive output. Key developments anticipated to shape this market encompass trends toward smaller, more mobile devices, progress in the technology underpinning x-ray tubes, the broader acceptance of digital radiography systems, the incorporation of artificial intelligence (AI) capabilities, and the tailoring of systems for specialized uses.

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Top Growth Drivers in the Image-Guided Radiation Therapy Industry: What's Accelerating the Market?
Anticipated uptrends in cancer occurrences are projected to fuel the expansion of the market for image-guided radiation therapy (IGRT) in the foreseeable future. Cancer itself involves the unrestrained multiplication and spread of aberrant cells throughout the human body. Because IGRT delivers radiation with high precision to malignant cells while sparing surrounding healthy tissue and thereby lessening adverse effects, it has become a vital modality in cancer management. To illustrate this point, data from the American Cancer Society, a US-based philanthropic entity, indicated in January 2022 that projections estimated approximately 2 million new cancer diagnoses, marking a substantial surge of almost more than 10 percent. Consequently, this rising prevalence of cancer is directly responsible for advancing the trajectory of the IGRT market.

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What Trends Will Shape the Image-Guided Radiation Therapy Market Through 2029 and Beyond?
Key participants within the arena of image-guided radiation therapy are prioritizing innovations like Cenos, which represents an online adaptive treatment modality for radiotherapy procedures. This Cenos system empowers medical practitioners with the capability to swiftly and efficiently revise a radiation therapy protocol should the necessity arise while the patient remains undergoing therapy. Illustratively, in October of 2023, Accuray Incorporated, an American designer of radiation therapy equipment, collaborated with Limbus AI, a Canadian firm specializing in artificial intelligence, to introduce the Cenos platform for their Radixact System. This cutting-edge treatment delivery apparatus furnishes unimpeded functionalities for addressing diverse oncological situations, specifically breast, prostate, pulmonary, and head and neck malignancies, in addition to intricate protocols like total marrow irradiation. Distinguished characteristics of this system encompass a rapid multileaf collimator, a completely unified platform, and the Tomo C architecture. Furthermore, this therapeutic choice grants clinicians the flexibility to execute real-time modifications to the prescribed treatment schedule to account for any anatomical or physiological shifts occurring between successive treatment intervals.

What Are the Main Segments in the Image-Guided Radiation Therapy Market?
The image-guided radiation therapymarket 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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