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.
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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
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