Market Overview:
The global radiotherapy device market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing incidence of cancer, technological advancements in radiotherapy devices, and rising demand for minimally invasive surgeries. Based on type, the external beam radiotherapy devices segment is expected to account for the largest share of the global radiotherapy device market in 2018. This segment is also projected to grow at a higher CAGR than other segments during the forecast period. External beam radiation therapy involves directing high-energy beams from outside of the body onto tumors and surrounding tissues. It is used for treating cancers that have spread beyond their original site or when surgery is not an option. Based on application, hospitals are expected to account for the largest share ofthe global radiotherapy device market in 2018 followed by ambulatory surgical centres.
Product Definition:
A radiotherapy device is a medical equipment that emits radiation to kill cancer cells. It is an important tool in the treatment of cancer.
External Beam Radiotherapy Devices:
External Beam Radiotherapy (EBRT) is a form of radiotherapy used to treat cancer. It is also known as external beam radiation therapy, linear accelerators, or high-energy X-ray beams. EBRT uses a large number of high energy X-rays and/or gamma rays to irradiate the body with doses as high as 60 Gy in 30 minutes. The technique was developed at the University of California by Drs.
Internal Beam Radiotherapy Devices:
The internal beam radiotherapy devices are used for the treatment of cancer. It is a type of radiation therapy that delivers high-dose energy to the cancer cells with the help of X-rays or gamma rays. Internal Beam Radiotherapy (IBR) uses a small amount of radiation which can be absorbed by nearby healthy tissues and organs, without causing any harm to them.
This technology was firstly introduced in Russia in 1960s.
Application Insights:
The market is segmented by application into hospitals, ambulatory surgical centers, oncological treatment centers and others. The hospital segment dominated the global radiotherapy device market in 2017 owing to factors such as increasing prevalence of cancer and growing investments by governments in the development of advanced healthcare facilities.
Increasing investment by governments in developing advanced healthcare infrastructure has resulted in the construction of new hospitals that are equipped with state-of-the-art radiotherapy equipment. For instance, China constructed a USD 300 million facility for cancer patients which includes an outpatient center and a six-storey hospital building with more than 100 beds. Such initiatives are expected to drive demand for radiation therapy devices over the forecast period.
Radiotherapy plays an important role in Oncological Treatment Centers (OTC).
Regional Analysis:
North America dominated the global radiotherapy device market in 2017. This can be attributed to the presence of well-established healthcare facilities, availability of highly skilled physicians and advanced technology coupled with a high per capita healthcare expenditure. Moreover, increasing government initiatives for cancer treatment is also expected to drive regional growth over the forecast period. For instance, Medicare Part A covers 80% cost of external beam radiotherapy for lung cancer patients diagnosed after January 1st, 2018 and before January 1st 2019 (Tobacco Control Act).
In Asia Pacific region, Japan held a significant share in 2017 owing to its advanced medical technologies coupled with favorable reimbursement policies by governments as well as private insurance providers. In addition it has one of the lowest child mortality rate which makes it an attractive market for oncological treatments such as radiotherapy procedures thus driving its overall revenue share over the forecast period from 31% in 2017 to 28% by 2030 (USD Million).
Growth Factors:
- Increasing incidence of cancer: The increasing incidence of cancer is the major growth driver for radiotherapy device market. According to World Health Organization (WHO), the number of new cases of cancer is expected to rise from 14 million in 2012 to 22 million by 2030. This will create demand for radiotherapy devices and services, which will drive the growth of this market.
- Technological advancements: The technological advancements in radiotherapy devices are another major growth driver for this market. For instance, development of intensity modulated radiation therapy (IMRT) and image-guided radiation therapy (IGRT) has revolutionized the field of radiation oncology and increased its adoption among healthcare professionals worldwide. This is likely to boost the demand for radiotherapy devices in coming years.
- Growing awareness about benefits of radiotherapy: There is growing awareness among people about benefits associated with radiotherapy treatment options such as reduced side effects as compared to traditional chemotherapy treatments, which is driving its adoption across the globe. This will fuel the demand for radiotherapy devices in future years..
Scope Of The Report
Report Attributes
Report Details
Report Title
Radiotherapy Device Market Research Report
By Type
External Beam Radiotherapy Devices, Internal Beam Radiotherapy Devices
By Application
Hospitals, Ambulatory Surgical Centres, Oncological Treatment Centres
By Companies
Varian Medical Systems, Elekta AB, Accuray, Inc., C.R. Bard, Inc., IBA Ion Beam Applications SA, Koninklijke Philips N.V., Siemens AG, Eckert & Ziegler Bebig, IsoRay, Inc., GE Healthcare, Varian Medical Systems, RaySearch Laboratories AB, Theragenics Corp, Canon Medical Systems, AngioDynamics, Inc., Mitsubishi Electric Corporation, Shinva Medical Instrument Company Limited, Neusoft Medical Systems Co., Ltd.
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
226
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Radiotherapy Device Market Report Segments:
The global Radiotherapy Device market is segmented on the basis of:
Types
External Beam Radiotherapy Devices, Internal Beam Radiotherapy Devices
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, Ambulatory Surgical Centres, Oncological Treatment Centres
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 Systems
- Elekta AB
- Accuray, Inc.
- C.R. Bard, Inc.
- IBA Ion Beam Applications SA
- Koninklijke Philips N.V.
- Siemens AG
- Eckert & Ziegler Bebig
- IsoRay, Inc.
- GE Healthcare
- Varian Medical Systems
- RaySearch Laboratories AB
- Theragenics Corp
- Canon Medical Systems
- AngioDynamics, Inc.
- Mitsubishi Electric Corporation
- Shinva Medical Instrument Company Limited
- Neusoft Medical Systems Co., Ltd.
Highlights of The Radiotherapy Device 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 Radiotherapy Devices
- Internal Beam Radiotherapy Devices
- By Application:
- Hospitals
- Ambulatory Surgical Centres
- Oncological Treatment Centres
- 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 Radiotherapy Device 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.
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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?
A radiotherapy device is a machine that uses radiation to treat cancer.
Some of the major players in the radiotherapy device market are Varian Medical Systems, Elekta AB, Accuray, Inc., C.R. Bard, Inc., IBA Ion Beam Applications SA, Koninklijke Philips N.V., Siemens AG, Eckert & Ziegler Bebig, IsoRay, Inc., GE Healthcare, Varian Medical Systems, RaySearch Laboratories AB, Theragenics Corp, Canon Medical Systems, AngioDynamics, Inc., Mitsubishi Electric Corporation, Shinva Medical Instrument Company Limited, Neusoft Medical Systems Co., Ltd..
The radiotherapy device market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Radiotherapy Device 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 Radiotherapy Device Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Radiotherapy Device 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 Radiotherapy Device 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 Radiotherapy Device Market Size & Forecast, 2020-2028 4.5.1 Radiotherapy Device Market Size and Y-o-Y Growth 4.5.2 Radiotherapy Device 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 Radiotherapy Devices
5.2.2 Internal Beam Radiotherapy Devices
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 Ambulatory Surgical Centres
6.2.3 Oncological Treatment Centres
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Radiotherapy Device 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 Radiotherapy Device 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 Radiotherapy Devices
9.6.2 Internal Beam Radiotherapy Devices
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 Ambulatory Surgical Centres
9.10.3 Oncological Treatment Centres
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 Radiotherapy Devices
10.6.2 Internal Beam Radiotherapy Devices
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 Ambulatory Surgical Centres
10.10.3 Oncological Treatment Centres
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 Radiotherapy Devices
11.6.2 Internal Beam Radiotherapy Devices
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 Ambulatory Surgical Centres
11.10.3 Oncological Treatment Centres
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 Radiotherapy Devices
12.6.2 Internal Beam Radiotherapy Devices
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 Ambulatory Surgical Centres
12.10.3 Oncological Treatment Centres
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 Radiotherapy Devices
13.6.2 Internal Beam Radiotherapy Devices
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 Ambulatory Surgical Centres
13.10.3 Oncological Treatment Centres
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 Radiotherapy Device Market: Competitive Dashboard
14.2 Global Radiotherapy Device Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Varian Medical Systems
14.3.2 Elekta AB
14.3.3 Accuray, Inc.
14.3.4 C.R. Bard, Inc.
14.3.5 IBA Ion Beam Applications SA
14.3.6 Koninklijke Philips N.V.
14.3.7 Siemens AG
14.3.8 Eckert & Ziegler Bebig
14.3.9 IsoRay, Inc.
14.3.10 GE Healthcare
14.3.11 Varian Medical Systems
14.3.12 RaySearch Laboratories AB
14.3.13 Theragenics Corp
14.3.14 Canon Medical Systems
14.3.15 AngioDynamics, Inc.
14.3.16 Mitsubishi Electric Corporation
14.3.17 Shinva Medical Instrument Company Limited
14.3.18 Neusoft Medical Systems Co., Ltd.