The market is primarily being driven by reasons such as the rising incidence of cancer, the increased use of radiotherapy in cancer treatment, and technological developments in radiotherapy equipment. The market for radiation oncology is anticipated to be driven by technological developments that increase treatment safety and efficacy. 4D radiation, which combines 4D imaging with radiotherapy, enables real-time tumour tracking and offers exact data on the tumour's size, shape, area, and volume. This combination enables medical professionals to administer a conformal dose while compensating for organ, tumour, or patient movement.
Market Size and Key Findings
The Global Radiotherapy size is at around US $ xx Bn in 2021 and is projected to reach US $ xx Bn in 2030, exhibiting a CAGR of xx% during the forecast period.
Global Radiotherapy Size (In USD Bn)
(2021-2030F)
Market Dynamics
Market Growth Drivers Analysis
Because of recent technical developments, it is now possible to target tumours with solutions that are simple to use, affordable, and more efficient. Global demand for radiation is driven by rising per capita income and individual discretionary money. An additional aspect fueling growth worldwide is the rise in cancer cases. The improvement in real-time imaging, which minimizes exposure to healthy tissues, contributes to better tumour control and hence fuels Global expansion.
Market Restraints
Even though the radiotherapy market is expanding quickly, a number of problems are limiting its expansion. Due to their size, radiotherapy devices need a lot of room. One of the main obstacles is that some nations lack the necessary infrastructure since they spend so little on healthcare. The development is hampered since most developing nations cannot afford advanced radiation therapy technology. Another aspect impeding its expansion is a lack of awareness.
Competitive Landscape
Key Players
The prominent players operating in this market include IsoRay, Inc. (US), Mevion Medical Systems, Inc. (US), Siemens Healthineers AG (Germany), Elekta (Sweden), IBA (Belgium), ViewRay Technologies, Inc. (US), Hitachi Ltd. (Japan), iCAD, Inc. (US), Panacea Medical Technologies Pvt. Ltd. (India), P-cure Ltd. (Israel), ZEISS Group (Germany) and Accuray Incorporated (US)
TABLE OF CONTENT
1. Report Description of the Global Radiotherapy
1.1 Research Scope and Assumption
1.2 Objective of the study
1.3 Research Methodology
1.4 Reason to buy the report
2. Global Radiotherapy Executive Summary
2.1 Global Radiotherapy – Industry Snapshot & key buying criteria, 2021-2030
2.2 Market Size, Growth Prospects, and Key findings
