Uploaded on Jul 28, 2021
Radiotherapy is majorly used to control the growth of a tumor while restricting the harm to nearby normal and healthy tissue. Radiotherapy uses high-energy radiation, generally x-rays, to destroy the cancer cells and treat tumors in the prostate, breast, head & neck, lung, and any other parts in the body where radiation treatment is indicated.
Radiotherapy Market forecast to 2028
Radiotherapy Market Radiotherapy Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (External-Beam Radiation Therapy, Internal Radiation Therapy, and Systemic Radiotherapy/Radiopharmaceuticals), Product (External Beam Radiotherapy Products, Internal Radiotherapy Products, Radiotherapy Software, and Others), Application (Breast Cancer, Lung Cancer, Prostate Cancer, Colorectal Cancer, Lymphoma, Liver Cancer, Thyroid Cancer, Brain Cancer, Cervical Cancer, Spine Cancer, and Others), and End User (Hospitals, Radiation Therapy Centers, and Specialty Clinics), and Geography Radiotherapy Market Current and future Market Scenario According to our new research study on “Radiotherapy Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type, Product, Application, and End User,” the market is expected to reach US$ 10,170.80 million by 2028 from US$ 6,474.78 million by 2020 The market is estimated to grow with a CAGR of 5.9% from 2021 to 2028. The report highlights trends prevailing in the market, and the factors driving and hindering the market growth. The radiotherapy market is segmented into external beam radiotherapy products, internal radiotherapy products, radiotherapy software, and others. The external beam radiotherapy products segment held the largest market share in 2020 This segment is also expected to dominate the market in 2028. and the same segment is estimated to register the highest CAGR during the forecast period. Increasing adoption of external-beam radiation due to its benefits for cancer treatment drives the market growth for this segment. Key Findings Based on application, The breast cancer segment held the largest market share in 2020. However, the lung cancer segment is estimated to register the highest CAGR during the forecast period. The radiotherapy market is expected to witness substantial growth after the COVID-19 pandemic. Delayed or rescheduled radiation therapy treatments and new cancer cases are anticipated to have positive impact on the market growth post-pandemic. Market Insights Increasing Number of Conferences and Symposium Radiotherapy is majorly used to control the growth of a tumor while restricting the harm to nearby normal and healthy tissue. In October 2019, a European symposium was conducted by ViewRay Inc. to present the benefits of MRI-guided radiation therapy. In addition, the program also featured an updated information on Health Economics in Radiation Oncology Project (HERO). Further, the German Cancer-research Center announced its proposed plan to conduct 8th MR in RT Symposium in Heidelberg, Germany in April 2021. The symposium will foster the discussion among specialists about the recent developments in physics and technology of MR-guided radiotherapy. Moreover, in July 2019, the Department of Radiation Oncology at UCLA announced conference of radiation therapists. Radiotherapy Market Market Segments By Type (External-Beam Application (Breast Cancer, Product (External Beam Radiation Therapy, Internal Lung Cancer, Prostate Cancer, Radiotherapy Products, Radiation Therapy, and Colorectal Cancer, Lymphoma, Internal Radiotherapy Systemic Liver Cancer, Thyroid Cancer, Products, Radiotherapy Radiotherapy/Radiopharmaceu Brain Cancer, Cervical Cancer, Software, and Others) ticals) Spine Cancer, and Others) Hemophilia Treatment Market Dominating Segments Radiotherapy uses high-energy radiation, generally x-rays, to destroy the cancer cells and treat tumors in the prostate, breast, head & neck, lung, and any other parts in the body where radiation treatment is indicated. The growth of the radiotherapy market is attributed to a few key driving factors such as increasing prevalence of cancer and rising number of conferences and symposiums to boost the awareness about radiation therapy. In the last few years, there has been an increase in investments in research activities focused on early detection of cancer, as well as development of new technologies for cancer treatment and management. In November 2018, Beijing Allcure Medical Technology Co. and Mevion Medical Systems jointly conducted a conference on Trends in Compact Proton Therapy in China at the annual meeting of the China Society for Radiation Oncology. Such conferences and meetings are likely to boost the innovation and new product developments across the globe. Dominating Segments Product Insights Products Insights Radiotherapy market is segmented into external beam radiotherapy products, internal radiotherapy products, radiotherapy software, and others. The external beam radiotherapy products segment held the largest market share in 2020, and the same segment is estimated to register the highest CAGR during the forecast period. The external beam radiotherapy products segment held the largest market share in 2020, Photon beam radiation therapy is another name for what is usually known as external beam radiation therapy. It uses photon beams to get to the tumor but also can damage healthy tissue around the tumor. Download PDF Brochure https://www.theinsightpartners.com/sample/TIPMD00002668/?source=others-10389 Dominating Segments The report segments radiotherapy market as follows: By Type External-Beam Radiation Therapy Internal Radiation Therapy Systemic Radiotherapy/Radiopharmaceuticals By Product External Beam Radiotherapy Products Internal Radiotherapy Products Radiotherapy Software Others Dominating Segments By Application Breast Cancer Lung Cancer Colorectal Cancer Prostate Cancer Cervical Cancer Liver Cancer Thyroid Cancer Lymphoma Spine Cancer Brain Cancer Others By End User Hospitals Specialty Clinics Radiation Therapy Centers Radiotherapy Market Leading Players Company Profiles in Radiotherapy Market are: Siemens Healthineers AG Accuray Incorporated Sumitomo Heavy Industries, Ltd. Elekta AB Hitachi, Ltd. Koninklijke Philips N.V. Brainlab AG PROTOM INTERNATIONAL Varian Medical Systems, Inc. Maastro Mevion Medical Systems REGIONAL FRAMEWORK REGIONAL FRAMEWORK Radiotherapy Market Radiotherapy Market Access Full Research Report at: https://www.theinsightpartners.com/reports/radiotherapy-market?Source=others-10389 Thank You! Thank You!
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