Radiotherapy Market 2019- 2025
Radiotherapy Market is expected to Worth $10.15 Billion
by 2025- Report by Meticulous research
Meticulous Research® – leading global market research company published a research
report titled “ Radiotherapy Market by Product (Radiotherapy devices, Software,
Service), By Procedure (EBRT, Brachytherapy, Systemic Radiotherapy), By
Technology (IMRT, SRT, VMAT, HDRBT, LDRBT, PDRBT), By Application
(Prostate, Breast) – Global Forecasts to 2025”. According to this latest publication from
Meticulous Research®, the global radiotherapy market is expected to grow at a CAGR
of 5.6% from 2019 to reach $10.15 billion by 2025. The growth in radiotherapy market
is mainly attributed to growing awareness about the benefits of radiotherapy for cancer
control and eradication, increasing incidence & prevalence of cancer, and technological
advancements in the field of radiotherapy. In addition, significant opportunities from
emerging economies and growing government investments for treatment of cancer offer
growth opportunities for the players operating in this market. However, high cost and
complexities associated with the radiation procedures, paucity of skilled healthcare
professionals, and lack of advanced infrastructure facilities are the key factors expected
to hinder the adoption of radiotherapy products.
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Growth Prospects in Radiotherapy Market
The global radiotherapy market study presents historical market data in terms of values
(2017 and 2018), estimated current data (2019), and forecasts for 2025 - by product
(radiotherapy devices, radiotherapy consumables & accessories, software, and
services), by procedure (external beam radiotherapy and internal beam radiotherapy),
by technology (external beam radiotherapy (IMRT, IGRT, SRT, 3DCRT, Particle
Therapy), internal beam radiotherapy (high-dose rate brachytherapy, low-rate
brachytherapy, image-guided brachytherapy, pulse-dose rate brachytherapy,
intravenous systemic radiotherapy and oral systemic radiotherapy), application (breast,
prostate, brain, lung, lung, head & neck, colorectal, cervical, and others), end user
(hospitals, independent radiotherapy centers, cancer research institutes), and
Geography. The study also evaluates industry competitors and analyzes the market at
regional and country level.
Based on product, the radiotherapy devices segment accounted for the largest share of
this market in 2018. The large share of this segment is mainly attributed to increasing
installations of radiotherapy systems globally and frequent product launches with
advanced technology.
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Radiotherapy Market 2019- 2025
Based on procedure, the external beam radiotherapy segment accounted for the largest
share of this market in 2018. The large share of this segment is mainly attributed to
higher & growing adoption of external beam radiotherapy procedures due to better
clinical outcomes and less damage to normal tissues even at high radiation dose, and
increasing installations of the external beam radiotherapy systems, globally. In external
beam radiotherapy segment, linac based teletherapy accounted for the largest share. The
high growth of this segment can be attributed to their growing adoption owing to
accuracy in tumor treatment, high radiation penetration, and radiation deposition within
small volume limiting damage to normal cells.
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Based on technology, the external beam radiotherapy market is classified into IMRT,
IGRT, SRT, 3DCRT, Particle Therapy, and VMAT. The particle beam therapy segment
is projected to grow at a fastest CAGR during the analysis period, mainly due to
continuous innovations in the particle beam therapy technologies, increasing
availability of advanced proton therapy systems, and increasing investment in the
proton therapy room across the globe.
Based on application, breast cancer segment is forecasted to grow at a fastest CAGR
during the forecast period due to rising incidence of breast cancer and related mortality,
rising diagnosis and treatment rate of the disease with growing awareness about the
fatality and benefits of early diagnosis and treatment across the globe.
The hospitals segment held the largest share in the global radiotherapy market in 2018.
This is primarily attributed to large volume of radiotherapy procedures performed in
hospitals owing to their easy accessibility, availability of advanced infrastructure, and
availability of wide range of healthcare services across various disease areas. Growing
number of hospitals and government initiatives to develop advanced healthcare
facilities are further supporting the growth in this segment.
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This research report analyzes major geographies and provides comprehensive analysis
for North America (U.S., Canada), Europe (Germany, France, U.K., Italy, Spain, and
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Radiotherapy Market 2019- 2025
Rest of Europe), Asia-Pacific (China, Japan, India, and RoAPAC), Latin America, and
Middle East & Africa. North America commanded the largest share of the global
radiotherapy market in 2018, followed by Europe and Asia Pacific. However, Asia
Pacific region is expected to grow at the higher CAGR during the forecast period.
Growth in this market is expected to be driven by large pool of cancer patients;
increasing government focus on healthcare sector; and increasing disposable income of
the population driving access to better healthcare services and cancer diagnosis and
treatment. In addition, favorable government policies and healthcare structural reforms
are further expected to drive the market growth. The key players operating in the global
radiotherapy market are Varian Medical Systems, Inc., Elekta AB, Accuray
Incorporated, C. R. Bard, Inc., Mevion Medical Systems, Inc., Hitachi, Ltd., ViewRay,
Inc., Panacea Medical Technologies Pvt. Ltd., IsoRay, Inc., Optivus Proton Therapy,
Inc., P-Cure, Ltd., Provison Healthcare, LLC, Ion Beam Applications S.A., and
Theragenics Corporation.
Key questions answered in the report:
• Which are the high growth market segments in terms of product, procedure,
technology, application, end-user, and region/countries?
• What was the historical market for radiotherapy across the globe?
• What are the market forecasts and estimates for the period 2019–2025?
• What are the major drivers, restraints, challenges, and opportunities in the
global radiotherapy market?
• Who are the major players in the global radiotherapy market?
• How is the competitive landscape and who are the market leaders in the
global radiotherapy market?
• What are the recent developments in the global radiotherapy market?
• What are the different strategies adopted by the major players in the global
radiotherapy market?
• What are the geographical trends and high growth regions/ countries?
Table of Contents:
1. Introduction
1.1. Market Ecosystem
1.2. Currency and Limitations
1.2.1. Currency
1.2.2. Limitations
1.3. Key Stakeholders
2. Research Methodology
2.1. Secondary Research
Continued…
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Radiotherapy Market 2019- 2025
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