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New study: Boosting growth in the global radiotherapy market forecast 2017-2024

Global Radiotherapy Market, By Type (Beam Radiotherapy (IGRT, IMRT, VMAT, Tomotherapy, 3D CRT, Proton Beam, Stereotactic), Brachytherapy (LDR, HDR), Systemic Radiotherapy), By Product Type, By Indication, By Geography – Industry Trends and Forecast to 2024

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Global Radiotherapy Market is expected to reach USD 9.3 billion by 2024 from USD 5.2 billion in 2016, at a CAGR of 7.5% in the forecast period 2017 to 2024. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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The major factors driving the growth of this market are rising incidence of cancer, increasing acceptance of adaptive radiation therapy (ART), growing pool of geriatric population and increasing number of cancer treatment facilities. These factors increase the demand for radiotherapy devices.

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On the other hand, high cost of radiotherapy equipments and lack of skilled professionals may hinder the growth of the market.

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The global radiotherapy market is segmented on the basis of type, product type, indication, and geography.

The global radiotherapy market is segmented into three types, namely beam radiotherapy, brachytherapy and systematic radiotherapy. In 2017, the beam radiotherapy segment is expected to dominate the market with a share around 75.0% and is expected to continue this trend till 2024.

Radiotherapy Market is segmented into beam radiotherapy, brachytherapy and systematic radiotherapy. The beam radiotherapy is segmented into IGRT, IMRT, VMAT, tomotherapy, stereotactic technology and 3D conformal technology.

The brachytherapy is segmented into LDR and HDR.

On the basis of product type, the market is segmented into external beam radiotherapy, internal radiotherapy products, radiotherapy softwares and systematic radiotherapy. External beam radiotherapy is segmented into LINAC, CyberKnife, proton therapy and Gamma Knife.

The proton beam is segmented into cyclotron and synclotron. The internal beam is segmented into seeds and afterloaders.

The radiotherapy softwares is segmented into treatment planning softwares, dosage planning softwares, patient positioning softwares and image guiding softwares.

Based on indication, the market is segmented into prostate cancer, breast cancer, lung cancer, spine cancer, liver cancer, brain cancer and others.

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Based on geography the global radiotherapy market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.

In 2017, North America is expected to dominate the market.

The Global Radiotherapy Market Report contains an in-depth profiling of the key market players, along with the recent developments (New product launches, partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their positions in the market. The report includes market shares of prefilled syringes market for global, Europe, North America, Asia Pacific and South America.

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Some of the major players operating in this market are

  • Varian Medical Systems, Inc. 
  • Elekta AB
  • Accuray, Inc.
  • CIVCO Medical Solutions
  • Brainlab AG
  • C. R. Bard, Inc.
  • IsoRay Medical, Inc.
  • Nordion, Inc.
  • RaySearch Laboratories AB
  • PRECISIS AG
  • Mevion Medical Systems, Inc.
  • TechnicasRadiofiscas S.L.
  • Hitachi, Ltd.
  • Sumitomo Heavy Industries, Ltd.
  • Mitsubishi Electric Corporation
  • ProNova Solutions, LLC
  • ProTom International

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