Market Overview:
The global radiation therapy equipment market is expected to grow at a CAGR of 5.8% from 2018 to 2030. The growth in the market can be attributed to the increasing incidence of cancer, technological advancements in radiation therapy equipment, and rising demand for minimally invasive treatments. External beam radiation therapy is the most commonly used type of radiation therapy and accounted for the majority of the market share in 2017. Internal radiation therapy is expected to grow at a higher CAGR during the forecast period as it offers several benefits over external beam radiation therapy, such as reduced treatment time and improved accuracy.
Product Definition:
Radiation therapy equipment is used to deliver radiation therapy to a patient. The importance of radiation therapy equipment is that it allows for the accurate and precise delivery of radiation therapy to a patient.
External Beam Radiation Therapy:
External Beam Radiation Therapy (EBRT) is a type of radiation therapy which delivers high doses of radiation to the affected areas using external devices like beams, instead of internally directing it towards the cancer cells. EBRT is generally used for treating skin tumors and lesions, which are not accessible or cannot be treated through surgical methods.
Internal Radiation Therapy:
Internal radiation therapy is a type of radiotherapy that uses x-rays or other forms of electromagnetic radiation to treat cancer. Internal radiation therapy equipment market includes products used in internal radiotherapy such as linear accelerators, CyberKnife systems, GammaKnife systems and others.
The global internal radiation therapy market size was valued at USD 1.6 billion in 2016.
Application Insights:
The other application segment accounted for the largest revenue share in 2017 and is expected to witness significant growth over the forecast period. Other applications include home healthcare, imaging centers and others. The growing need for radiation therapy across a variety of cancer indications is anticipated to boost demand over the forecast period.
Radiation oncology has emerged as one of the fastest-growing sub-segments owing to an increase in number of patients suffering from various types of cancer at a global level.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to factors such as favorable reimbursement scenario, high healthcare expenditure, and increasing adoption of RTOG-approved machines & techniques. Moreover, growing target population and rising incidence of cancer are expected to drive the regional market further. Asia Pacific is estimated to witness lucrative growth over the forecast period owing to improving healthcare infrastructure & facilities along with rising patient awareness levels regarding available treatment options for various cancers.
Growth Factors:
- Increasing incidence of cancer: The increasing incidence of cancer is the major growth driver for radiation therapy equipment market. According to World Health Organization (WHO), the number of new cases of cancer diagnosed each year is expected to rise from 14 million in 2012 to 22 million by 2030. This will create a huge demand for radiation therapy equipment, which will drive the market growth.
- Technological advancements: The technological advancements in radiation therapy equipment are another key factor driving the market growth. With continuous innovations and developments, these devices are becoming more efficient and accurate, thus resulting in better treatment outcomes for patients. This is attracting more healthcare providers towards using radiation therapy as a treatment modality, thereby propelling the market growth further.
- Rising awareness about benefits of radiation therapy: There is an increasing awareness among people about benefits of radiation therapy over other treatment options such as surgery and chemotherapy etc., which is fueling its adoption worldwide. Moreover, government initiatives aimed at spreading awareness about this mode of treatment are also aiding in its uptake, thereby boosting the demand for radiation therapy equipment globally..
Scope Of The Report
Report Attributes
Report Details
Report Title
Radiation Therapy Equipment Market Research Report
By Type
External Beam Radiation Therapy, Internal Radiation Therapy, Systemic Radiation Therapy
By Application
Hospitals, Clinics, Other
By Companies
Accuray (USA), BrainLab (Germany), Elekta (Sweden), GE Healthcare (UK), Hitachi America (USA), IBA Group (Belgium), Mitsubishi Electric (Japan), Nordion (Canada), Philips Healthcare (USA), RaySearch Laboratories (Sweden), Sumitomo Heavy Industries (Japan), Varian Medical Systems (USA)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
195
Number of Tables & Figures
137
Customization Available
Yes, the report can be customized as per your need.
Global Radiation Therapy Equipment Market Report Segments:
The global Radiation Therapy Equipment market is segmented on the basis of:
Types
External Beam Radiation Therapy, Internal Radiation Therapy, Systemic Radiation Therapy
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Clinics, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Accuray (USA)
- BrainLab (Germany)
- Elekta (Sweden)
- GE Healthcare (UK)
- Hitachi America (USA)
- IBA Group (Belgium)
- Mitsubishi Electric (Japan)
- Nordion (Canada)
- Philips Healthcare (USA)
- RaySearch Laboratories (Sweden)
- Sumitomo Heavy Industries (Japan)
- Varian Medical Systems (USA)
Highlights of The Radiation Therapy Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- External Beam Radiation Therapy
- Internal Radiation Therapy
- Systemic Radiation Therapy
- By Application:
- Hospitals
- Clinics
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Radiation Therapy Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
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- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Radiation therapy equipment is a machine that uses radiation to treat cancer. Radiation therapy can be used to kill cancer cells or stop the growth of new tumors.
Some of the major players in the radiation therapy equipment market are Accuray (USA), BrainLab (Germany), Elekta (Sweden), GE Healthcare (UK), Hitachi America (USA), IBA Group (Belgium), Mitsubishi Electric (Japan), Nordion (Canada), Philips Healthcare (USA), RaySearch Laboratories (Sweden), Sumitomo Heavy Industries (Japan), Varian Medical Systems (USA).
The radiation therapy equipment market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Radiation Therapy Equipment Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Radiation Therapy Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Radiation Therapy Equipment Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Radiation Therapy Equipment Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Radiation Therapy Equipment Market Size & Forecast, 2020-2028
4.5.1 Radiation Therapy Equipment Market Size and Y-o-Y Growth
4.5.2 Radiation Therapy Equipment Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 External Beam Radiation Therapy
5.2.2 Internal Radiation Therapy
5.2.3 Systemic Radiation Therapy
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Clinics
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Radiation Therapy Equipment Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Radiation Therapy Equipment Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 External Beam Radiation Therapy
9.6.2 Internal Radiation Therapy
9.6.3 Systemic Radiation Therapy
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Clinics
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 External Beam Radiation Therapy
10.6.2 Internal Radiation Therapy
10.6.3 Systemic Radiation Therapy
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Clinics
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 External Beam Radiation Therapy
11.6.2 Internal Radiation Therapy
11.6.3 Systemic Radiation Therapy
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Clinics
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 External Beam Radiation Therapy
12.6.2 Internal Radiation Therapy
12.6.3 Systemic Radiation Therapy
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Clinics
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 External Beam Radiation Therapy
13.6.2 Internal Radiation Therapy
13.6.3 Systemic Radiation Therapy
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Clinics
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Radiation Therapy Equipment Market: Competitive Dashboard
14.2 Global Radiation Therapy Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Accuray (USA)
14.3.2 BrainLab (Germany)
14.3.3 Elekta (Sweden)
14.3.4 GE Healthcare (UK)
14.3.5 Hitachi America (USA)
14.3.6 IBA Group (Belgium)
14.3.7 Mitsubishi Electric (Japan)
14.3.8 Nordion (Canada)
14.3.9 Philips Healthcare (USA)
14.3.10 RaySearch Laboratories (Sweden)
14.3.11 Sumitomo Heavy Industries (Japan)
14.3.12 Varian Medical Systems (USA)
