Market Overview:
The global radiation therapy market is expected to reach USD 10.8 billion by 2030, registering a CAGR of 5.5% during the forecast period 2018-2030. The growth in this market can be attributed to factors such as rising incidence of cancer, technological advancements in radiation therapy equipment and increasing demand for minimally invasive therapies. Based on type, the global radiation therapy market is segmented into external and internal radiation therapy. External radiation therapy dominates the market with a share of more than 60%. This can be attributed to its advantages such as low cost and easy availability across hospitals worldwide.
Product Definition:
Radiation therapy is the use of radiation to treat cancer. It can be used to shrink tumors or kill cancer cells.
External:
External beam radiation therapy or external radiotherapy is a form of cancer treatment in which high energy rays, typically x-rays, are used to treat the cancer. The advantage of external beam radiation therapy is that it can be used to treat patients who cannot receive treatments internally (intravenously).
Internal:
The internal radiation therapy is used to treat cancer. It delivers a high dose of radiation to the cancer cells with the help of a medical device called as linear accelerators or linacs. Internal radiation therapy includes CyberKnife, Gamma Knife, and intraoperative radiotherapy.
Application Insights:
The breast cancer segment dominated the market in 2017 and is expected to witness significant growth over the forecast period. This can be attributed to increasing number of breast cancer cases globally. For instance, according to Breastcancer.org, an American organization, around 2 million new cases were reported in 2018 and about 40% of these cases occur in developing countries like China and India.
Prostate cancer is also one of the prominent segments poised for lucrative growth during the study period owing to rising incidence rates globally as well as locally. According to Prostate Cancer Foundation (PCF), around 1 man out of 9 gets prostate cancer each year worldwide while 1 man every 26 dies due to it. Furthermore, PCF states that African male population are more prone towards this disease than other males since they have a higher chance of getting infected with hereditary factors that increase risk for prostate tumor development such as BPH (benign prostatic hyperplasia).
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of major players, high adoption of radiotherapy procedures and advanced healthcare infrastructure. Moreover, increasing cases of cancer are also expected to drive regional growth over the forecast period. For instance, as per American Cancer Society (ACS), Inc., in 2018 about 1,762,780 new cases were estimated to be diagnosed in U.S.
Asia Pacific is expected witness lucrative growth during the forecast period owing to rising medical tourism especially from Japan and South Korea where costs are relatively lower than other countries such as U.S.
Growth Factors:
- Increasing incidence of cancer: The increasing incidence of cancer is the major growth driver for radiation therapy market. According to the World Health Organization (WHO), in 2012, there were 14 million new cases of cancer and 8.2 million deaths from cancer worldwide. It is estimated that by 2030, the number of new cases will increase to 21 million and 13 million deaths will occur due to cancer every year. This will create a huge demand for radiation therapy services, which in turn will drive the growth of radiation therapy market.
- Technological advancements: The technological advancements in radiation therapy are another major growth driver for this market. For instance, advances such as intensity modulated radiotherapy (IMRT) and image-guided radiotherapy (IGRT) have helped improve the accuracy and precision of radiation delivery, thus resulting in better patient outcomes with fewer side effects compared to traditional therapies such as surgery or chemotherapy . This is expected to boost the demand for radiation therapy services over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Radiation Therapy Market Research Report
By Type
External, Internal
By Application
Prostate, Breast, Cervical
By Companies
Varian Medical, Elekta, Accuray, Ion Beam, Nordion, C. R. Bard, Isoray Medical, RaySearch, Mevion Medical, Mitsubishi Electric
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
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Radiation Therapy Market Report Segments:
The global Radiation Therapy market is segmented on the basis of:
Types
External, Internal
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
Prostate, Breast, Cervical
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:
- Varian Medical
- Elekta
- Accuray
- Ion Beam
- Nordion
- C. R. Bard
- Isoray Medical
- RaySearch
- Mevion Medical
- Mitsubishi Electric
Highlights of The Radiation Therapy 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
- Internal
- By Application:
- Prostate
- Breast
- Cervical
- 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 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
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand 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 is a type of cancer treatment that uses high-energy radiation to destroy cancer cells. Radiation therapy can be used in combination with other treatments, such as chemotherapy, to help fight cancer.
Some of the major players in the radiation therapy market are Varian Medical, Elekta, Accuray, Ion Beam, Nordion, C. R. Bard, Isoray Medical, RaySearch, Mevion Medical, Mitsubishi Electric.
The radiation therapy market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Radiation Therapy 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 Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Radiation Therapy 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 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 Market Size & Forecast, 2018-2028
4.5.1 Radiation Therapy Market Size and Y-o-Y Growth
4.5.2 Radiation Therapy Market Absolute $ Opportunity
Chapter 5 Global Radiation Therapy 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 Radiation Therapy Market Size Forecast by Type
5.2.1 External
5.2.2 Internal
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Radiation Therapy 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 Radiation Therapy Market Size Forecast by Applications
6.2.1 Prostate
6.2.2 Breast
6.2.3 Cervical
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Radiation Therapy 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 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 Radiation Therapy Analysis and Forecast
9.1 Introduction
9.2 North America Radiation Therapy 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 Radiation Therapy Market Size Forecast by Type
9.6.1 External
9.6.2 Internal
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 Radiation Therapy Market Size Forecast by Applications
9.10.1 Prostate
9.10.2 Breast
9.10.3 Cervical
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 Radiation Therapy Analysis and Forecast
10.1 Introduction
10.2 Europe Radiation Therapy 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 Radiation Therapy Market Size Forecast by Type
10.6.1 External
10.6.2 Internal
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 Radiation Therapy Market Size Forecast by Applications
10.10.1 Prostate
10.10.2 Breast
10.10.3 Cervical
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 Radiation Therapy Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Radiation Therapy 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 Radiation Therapy Market Size Forecast by Type
11.6.1 External
11.6.2 Internal
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 Radiation Therapy Market Size Forecast by Applications
11.10.1 Prostate
11.10.2 Breast
11.10.3 Cervical
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 Radiation Therapy Analysis and Forecast
12.1 Introduction
12.2 Latin America Radiation Therapy 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 Radiation Therapy Market Size Forecast by Type
12.6.1 External
12.6.2 Internal
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 Radiation Therapy Market Size Forecast by Applications
12.10.1 Prostate
12.10.2 Breast
12.10.3 Cervical
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) Radiation Therapy Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Radiation Therapy 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) Radiation Therapy Market Size Forecast by Type
13.6.1 External
13.6.2 Internal
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) Radiation Therapy Market Size Forecast by Applications
13.10.1 Prostate
13.10.2 Breast
13.10.3 Cervical
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 Market: Competitive Dashboard
14.2 Global Radiation Therapy Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Varian Medical
14.3.2 Elekta
14.3.3 Accuray
14.3.4 Ion Beam
14.3.5 Nordion
14.3.6 C. R. Bard
14.3.7 Isoray Medical
14.3.8 RaySearch
14.3.9 Mevion Medical
14.3.10 Mitsubishi Electric
