Radiotherapy Market Size, Share, Top Key Players, Growth, Trend

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Rising incidence of cancer, improving technological advancements, new product launches and strategic collaboration are driving the market demand.

VANCOUVER, BC, CANADA, August 22, 2022 /EINPresswire.com/ — The latest paper from Emergen Research, titled “Global Radiotherapy market – Forecast to 2027,” is one of the most sought-after market reports comprising a top-down examination of the global radiation therapy market. With the increase in the prevalence of malignant growth, the majority of medical clinics are adopting effective products that provide ideal therapy. For example, in January 2020, Provision Healthcare sent a third facility specializing in proton therapy to Southwest Orange County, Florida.

The global radiation therapy market is expected to reach $7.65 billion by 2027, according to a new report from Emergen Research. The growth of this market can be attributed to the growing prevalence of cancer globally, increasing geriatric population, and increasing adoption of radiation therapy. Advancements in technology and increasing public awareness have led to an increase in the number of surgeries, which in turn increases the demand from the industry. The increase in technological advancements in radiotherapy is one of the factors snowballing the growth of the market. For example, Stereotactic Body Radiation Therapy (SBRT) which differentiates healthy cells from cancerous cells and provides optimal efficacy

The medium is expected to treat approximately 700 patients each year and will come with RayCare state-of-the-art oncology data framework and RaySearch’s RayStation treatment organization framework. Hospitals and institutions are the major end customers in the market. elevated a few market players to favor a high-level variant of their article contributions. For example, in January 2020, Elekta agreed to an agreement with the Jules Bordet Institute, Brussels for the Elekta Unity MR-linac frame, Versa HD direct accelerator pedals (linacs) and to overhaul the Elekta Infinity linacs. The absolute deal was estimated to be around $24.2 million.

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Key Players Featured in the Report:

Varian Medical Systems,

Inc. (USA),

Elekta (Sweden),

Accuray Incorporated (USA),

Ion Beam Applications SA (Belgium),

Panacea Medical Technologies Pvt. ltd. (India),

ViewRay,

IsoRay Medical, Inc. (USA),

Provision Healthcare (USA),

Hitachi Ltd. (Japan),

Mevion Medical Systems, Inc. (USA) and

Medical Thinking (US)

One of the central elements of the report is the broad division of the Radiation Therapy market which incorporates range of item types, range of applications, end-customer industry scene, huge geological localities, and major market competitors. The central participants’ monetary situations, as well as their net benefits, trading volumes, trading revenues, production costs and other monetary proportions, have been accurately measured in the report.

Key geographies:

North America

Europe

Asia Pacific

Latin America

Middle East and Africa

The increasing and steady ubiquity of the disease, increased interest in radiation therapy has ultimately advanced the development of the market. According to the American Cancer Society, approximately 1,806,590 new cases of malignant growth and 606,520 deaths in the United States are assessed in 2020.

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Emergen Research has segmented the global radiation therapy market on the basis of products, types, applications, end users, and region:

Product Outlook (Revenue in USD Million; 2017-2027)

External radiotherapy product

Linear accelerators (LINAC)

Conventional LINAC

Stereotactic advanced electronic/cobalt-60 LINAC

Cyberknife

gamma knife

Tomotherapy

Particle therapy systems

Cyclotrons

Synchrotrons

Synchrocyclotrons

Conventional Cobalt-60 Teletherapy Units

Internal radiation therapy/brachytherapy products

Seeds

Applicators

Source loaders

Electronic brachytherapy products

Systemic radiotherapy

Iobenguane-131

Samarium-153

Rhenium-186

Yttrium-90

Radium-223

Phosphorus-32

Radiolabeled antibodies

Types Outlook (Revenue USD Million; 2017-2027)

External radiotherapy

Image Guided Radiation Therapy (IGRT)

Intensity Modulated Radiation Therapy (IMRT)

Tomotherapy

Volumetric Modulated Arc Therapy (VMAT)

Stereotaxic therapy

3D conformal radiotherapy (3D-CRT)

Particle beam therapy (heavy ion therapy and proton therapy)

Internal radiotherapy/brachytherapy

Low dose rate (LDR) brachytherapy

High dose rate (HDR) brachytherapy

Pulsed dose rate (PDR) brachytherapy

Systemic radiotherapy

Intravenous radiotherapy

Oral radiotherapy

Instillation radiotherapy

Application Outlook (Revenue USD Million; 2017-2027)

Prostate cancer

Breast cancer

Lung cancer

Colorectal cancer

spine cancer

Brain cancer

Pediatric cancer

Gynecological cancer

Cervical cancer

Penile cancer

Head and neck cancer

End-Use Outlook (Revenue USD Million; 2017-2027)

Hospitals

Independent radiotherapy centers

North America is expected to witness several growth opportunities leading to the increase in the level of consumer awareness owing to the availability of a large number of research institutes, hospitals and other healthcare facilities, as well only to an increase in the prevalence of cancer, which will greatly influence the growth of the industry.

Key questions addressed in the report:

What are the key factors driving the global radiotherapy market?

Who are the major manufacturers in this market space?

Who are the distributors, traders and resellers in this market?

What are the market opportunities and risks affecting vendor performance in the global Radiation Therapy market?

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Size of the radiotherapy market worth USD 7.65 billion by 2027

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