Radiotherapy Market Size, Share | Growth Trends, Key Players and Competitive Strategies – Forecast to 2028

September 28th, 2022 Releases

 

Radiotherapy Market Size, Share | Growth Trends, Key Players and Competitive Strategies – Forecast to 2028.

Radiotherapy Market is valued at USD 6.75 Billion in 2021 and expected to reach USD 10.77 Million by 2028 with the CAGR of 6.90% over the forecast period.

Scope of Global Radiotherapy Market Report–

Radiation therapy or radiotherapy is a therapy using ionizing radiation, generally as a part of cancer treatment to control malignant cells and normally derived by a linear accelerator. Radiation therapy may be curative in number of types of cancer if they are localized to one area of the body. It may also be used as a part of adjuvant therapy, to prevent tumor recurrence after surgery to remove a primary malignant tumor. Radiation therapy is combined with chemotherapy, and has been used before, during and after chemotherapy in susceptible cancers. It can also be used as a palliative treatment when eliminating the tumor is not possible, before surgery to help shrink the tumor, after surgery to treat any remaining cancer cells and in combination with chemotherapy treatment.

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Radiotherapy Market Key Players –

Global radiotherapy market report covers prominent players like Varian Medical Systems, Inc., Elekta, Accuracy Incorporated, Ion Beam Applications SA, View Ray, Inc., Iso Ray Medical, Inc., Hitachi Ltd., Panacea Medical Technologies Pvt. Ltd., Provision Healthcare, Mevion Medical Systems, Inc., Sumitomo Heavy Industries, Ltd., Optivus Proton Therapy, Inc., P-cure Ltd., Theragenics Corporation, C.R.Bard, Inc., and others.

Global Radiotherapy Market Segmentation:

By Type

  • External Beam Radiation Therapy
  • Internal Radiation Therapy
  • Systemic Radiation Therapy

By Application

  • Skin & Lip Cancer
  • Breast Cancer
  • Head & Neck Cancer
  • Prostate Cancer
  • Cervical Cancer
  • Spine Cancer
  • Lung Cancer
  • Others

By End-User

  • Hospitals
  • Cancer Research Institutes
  • Ambulatory & Radiotherapy Centers

Radiotherapy Market Dynamics –

Growing adoption of radiotherapy procedures for cancer treatment, increasing use of particle therapy for cancer treatment and the rising number of conferences and symposia focusing on the advancements in radiotherapy are some of the major factors propelling the growth of this market. According to WHO, cancer is the second leading cause of death globally and was responsible for an estimated 9.6 million deaths in 2018. Worldwide, about 1 in 6 deaths are due to cancer. Around 70% of deaths from cancer occur in low and middle-income economies. In 2012, there were around 14.1 million new cases and 8.2 million cancer-related deaths, occurs worldwide. However, inadequate resources to meet the demands of the radiotherapy and lack of skilled, experienced professional to carry out the workload, are some factors restraining the growth of the market. Moreover, emerging markets and increase in demand for cancer treatment are expected to provide lucrative opportunities for market growth during the forecast period.

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Regional Analysis-

North America

  • U.S., Canada

Europe

  • Germany, France, U.K., Italy, Spain, Sweden, Netherlands, Turkey, Switzerland, Belgium, Rest of Europe

Asia-Pacific

  • South_Korea, Japan, China, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest Of APAC

Latin America

  • Mexico, Colombia, Brazil, Argentina, Peru, Rest of Latin America

Middle East and Africa

  • Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA

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