Radiotherapy Market
Global Radiotherapy Market Size, Share & Trends Analysis Report By Type (External Beam Radiotherapy and Internal Beam Radiotherapy), By Application (Prostate Cancer, Breast Cancer, Lung Cancer, Colorectal Cancer, Cervical Cancer, and Others), By End-User (Hospitals, Cancer Research Institutes, and Ambulatory and Radiotherapy Centers), and Forecast 2019-2025 Update Available - Forecast 2024-2030
The global radiotherapy market is estimated to grow at a CAGR of over 6% during the forecast period. Radiation therapy or radiotherapy is a cancer treatment that utilizes high doses of radiation to eliminate cancer cells and shrink tumors. At low doses, radiation is used in x-rays to see inside the body. Increasing incidences of cancer are one of the primary factors driving the growth of the market. Additionally, the growing adoption of radiotherapy procedures for cancer treatment and the rising in the adoption of radiotherapy devices and procedures is expected to propel the radiotherapy market growth during the forecast period. Further, the need for the development of enhanced, précised, and accurate radiation therapy to accurately hit only the affected tumor using the radiation beam without damaging the surrounding tissue is also driving the market growth.
However, the lack of skilled personnel and inadequate resources are some of the factors that hinder the growth of the market during the forecast period. Besides, the presence of the key players along with numerous government initiatives to successfully detect and treat cancer is providing opportunities for the growth of the market during the forecast period.
Segmental Outlook
The global radiotherapy market is segmented on the basis of type, application, and end-user. On the basis of type, the market is segmented into External Beam Radiotherapy including 3D Conformal Radiotherapy (3D-CRT), Intensity-Modulated Radiation Therapy (IMRT), Image-Guided Radiation Therapy (IGRT), Stereotactic Radiation Therapy, Proton Beam Therapy, Others;and Internal Beam Radiotherapy including Brachytherapy. Based on the application, the market is segmented into prostate cancer, breast cancer, lung cancer, colorectal cancer, cervical cancer, and others. Whereas, based on the end-user, the market is segmented as hospitals, cancer research institutes, ambulatory, and radiotherapy centers.
Global Radiotherapy Market Share by Type, 2018 (%)
IMRT Contribute a Significant Share to the Growth of the Global External Beam Radiotherapy Market
IMRT is among the most common type of external beam radiation therapy. The primary benefits offered by the IMRT include the delivery of high doses of radiation to cancer sites. IMRT includes a number of beams of radiation that target multiple sites with different doses. The tumor cells are mapped precisely in 3D, which is an additional benefit offered by this therapy. The increasing prevalence of cancer across the globecoupled with the increasing demand for the IMRT tends to drive the segmental growth of the market.
Prostate Cancer to Account for Significant Market Growth
Amongst the applications segment, prostate cancer accounts for a significant share in the market. The rise in incidences and prevalence rate of prostate cancer diseases across the globe is one of the key factors of the segmental growth of the market. According to the American Cancer Society, prostate cancer is one of the most common types of cancer in men. About one in nine men are likely to be diagnosed with prostate cancer during their lifetime across the globe. It is considered to be a lethal disease and causes mortalities about one in 39 men. According to the WHO in 2018, around 25,696 new prostate cancer cases were registered while around 17,184 mortality cases were registered in India.
Regional Outlook
The global radiotherapy market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. North America is estimated to hold a significant share in the market attributed to the presence of advanced healthcare infrastructure in the region. Further, the presence of the key players, increasing prevalence of cancer, and the adoption of technologically advanced products in the country such as the US give a boost to the regional growth of the market. In addition, Asia-Pacific is estimated to witness significant growth in the market during the forecast period. The market growth is attributed to the developing healthcare infrastructure along with medical tourism in economies such as India.
Global Radiotherapy Market by Region, 2018 (%)
Market Players Outlook
Some of the prominent players operating in the global radiotherapy market include Accuray Inc., C.R. Bard, Inc., GE Healthcare, Siemens AG, Elekta AB, Varian Medical Systems Inc.,and Hitachi Ltd., among others. These companies are adopting several organic and inorganic growth strategies such as product launches & developments, partnerships, agreements, and acquisitions to strengthen their product portfolios and maintain a competitive position in the global radiotherapy market. For instance, in 2018, Elekta announced the acquisition of 10 Flexitron after loading platforms by the National Health Service (NHS) Supply Chain for providing safe brachytherapy treatment across UK.
The Report Covers
- Market value data analysis of 2018 and forecast to 2025.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Radiotherapy market. Based on the availability of data, information related to products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Rules & Regulations
3. Competitive Landscape
3.1. Competitive Dashboard
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. Elekta AB
3.3.1.1. Overview
3.3.1.2. Financial Analysis
3.3.1.3. SWOT Analysis
3.3.1.4. Recent Developments
3.3.2. GE Healthcare
3.3.2.1. Overview
3.3.2.2. Financial Analysis
3.3.2.3. SWOT Analysis
3.3.2.4. Recent Developments
3.3.3. Accuray Inc.
3.3.3.1. Overview
3.3.3.2. Financial Analysis
3.3.3.3. SWOT Analysis
3.3.3.4. Recent Developments
3.3.4. Siemens AG
3.3.4.1. Overview
3.3.4.2. Financial Analysis
3.3.4.3. SWOT Analysis
3.3.4.4. Recent Developments
3.3.5. Varian Medical Systems, Inc.
3.3.5.1. Overview
3.3.5.2. Financial Analysis
3.3.5.3. SWOT Analysis
3.3.5.4. Recent Developments
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Radiotherapy Market by Type
5.1.1. External Beam Radiotherapy
5.1.1.1. 3D Conformal Radiotherapy (3D-CRT)
5.1.1.2. Intensity-Modulated Radiation Therapy (IMRT)
5.1.1.3. Image-Guided Radiation Therapy (IGRT)
5.1.1.4. Stereotactic Radiation Therapy
5.1.1.5. Others (Proton Therapy)
5.1.2. Internal Beam Radiotherapy
5.2. Global Radiotherapy Market by Application
5.2.1. Prostate Cancer
5.2.2. Breast Cancer
5.2.3. Lung Cancer
5.2.4. Colorectal Cancer
5.2.5. Cervical Cancer
5.2.6. Others
5.3. Global Radiotherapy Market by End-Users
5.3.1. Hospitals
5.3.2. Cancer Research Institutes
5.3.3. Ambulatory and Radiotherapy Centers
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Accuray Inc.
7.2. C.R. Bard, Inc.
7.3. Canon Medical Systems Corp.
7.4. Elekta AB
7.5. GE Healthcare(A General Electric Company)
7.6. Hitachi Ltd.
7.7. Ion Beam Applications SA
7.8. IsoRay, Inc.
7.9. Mevion Medical Systems, Inc.
7.10. Nordion (Canada) Inc.
7.11. Optivus Proton Therapy, Inc.
7.12. Panacea Medical Technologies Pvt. Ltd.
7.13. P-Cure, Ltd.
7.14. Provision Healthcare, LLC
7.15. RefleXion Medical, Inc.
7.16. Siemens AG
7.17. Sumitomo Heavy Industries Ltd.
7.18. Theragenics Corp.
7.19. Varian Medical Systems, Inc.
7.20. ViewRay, Inc.
1. GLOBAL RADIOTHERAPY MARKET RESEARCH AND ANALYSIS BY TYPE, 2018-2025 ($ MILLION)
2. GLOBAL EXTERNAL BEAM RADIOTHERAPY MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
3. GLOBAL 3D CONFORMAL RADIOTHERAPY (3D-CRT) MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
4. GLOBAL INTENSITY-MODULATED RADIATION THERAPY (IMRT) MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
5. GLOBAL IMAGE-GUIDED RADIATION THERAPY (IGRT) MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
6. GLOBAL STEREO TACTIC RADIATION THERAPY MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
7. GLOBAL OTHER EXTERNAL BEAM RADIOTHERAPY MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
8. GLOBAL INTERNAL BEAM RADIOTHERAPY MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
9. GLOBAL RADIOTHERAPY MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)
10. GLOBAL RADIOTHERAPY FOR PROSTATE CANCER MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
11. GLOBAL RADIOTHERAPY FOR BREAST CANCER MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
12. GLOBAL RADIOTHERAPY FOR LUNG CANCER MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
13. GLOBAL RADIOTHERAPY FOR COLORECTAL CANCER MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
14. GLOBAL RADIOTHERAPY FOR CERVICAL CANCER MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
15. GLOBAL RADIOTHERAPY FOR OTHER CANCERS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
16. GLOBAL RADIOTHERAPY MARKET RESEARCH AND ANALYSIS BY END-USER, 2018-2025 ($ MILLION)
17. GLOBAL RADIOTHERAPY IN HOSPITALS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
18. GLOBAL RADIOTHERAPY IN CANCER RESEARCH INSTITUTES MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
19. GLOBAL RADIOTHERAPY IN AMBULATORY AND RADIOTHERAPY CENTERS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
20. GLOBAL RADIOTHERAPY MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2018-2025 ($ MILLION)
21. NORTH AMERICAN RADIOTHERAPY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
22. NORTH AMERICAN RADIOTHERAPY MARKET RESEARCH AND ANALYSIS BY TYPE, 2018-2025 ($ MILLION)
23. NORTH AMERICAN RADIOTHERAPY MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)
24. NORTH AMERICAN RADIOTHERAPY MARKET RESEARCH AND ANALYSIS BY END-USER, 2018-2025 ($ MILLION)
25. EUROPEAN RADIOTHERAPY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
26. EUROPEAN RADIOTHERAPY MARKET RESEARCH AND ANALYSIS BY TYPE, 2018-2025 ($ MILLION)
27. EUROPEAN RADIOTHERAPY MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)
28. EUROPEAN RADIOTHERAPY MARKET RESEARCH AND ANALYSIS BY END-USER, 2018-2025 ($ MILLION)
29. ASIA-PACIFIC RADIOTHERAPY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
30. ASIA-PACIFIC RADIOTHERAPY MARKET RESEARCH AND ANALYSIS BY TYPE, 2018-2025 ($ MILLION)
31. ASIA-PACIFIC RADIOTHERAPY MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)
32. ASIA-PACIFIC RADIOTHERAPY MARKET RESEARCH AND ANALYSIS BY END-USER, 2018-2025 ($ MILLION)
33. REST OF THE WORLD RADIOTHERAPY MARKET RESEARCH AND ANALYSIS BY TYPE, 2018-2025 ($ MILLION)
34. REST OF THE WORLD RADIOTHERAPY MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)
35. REST OF THE WORLD RADIOTHERAPY MARKET RESEARCH AND ANALYSIS BY END-USER, 2018-2025 ($ MILLION)
1. GLOBAL RADIOTHERAPY MARKET SHARE BY TYPE, 2018 VS 2025 (%)
2. GLOBAL RADIOTHERAPY MARKET SHARE BY APPLICATION, 2018 VS 2025 (%)
3. GLOBAL RADIOTHERAPY MARKET SHARE BY END-USER, 2018 VS 2025 (%)
4. GLOBAL RADIOTHERAPY MARKET SHARE BY GEOGRAPHY, 2018 VS 2025 (%)
5. US RADIOTHERAPY MARKET SIZE, 2018-2025 ($ MILLION)
6. CANADA RADIOTHERAPY MARKET SIZE, 2018-2025 ($ MILLION)
7. UK RADIOTHERAPY MARKET SIZE, 2018-2025 ($ MILLION)
8. FRANCE RADIOTHERAPY MARKET SIZE, 2018-2025 ($ MILLION)
9. GERMANY RADIOTHERAPY MARKET SIZE, 2018-2025 ($ MILLION)
10. ITALY RADIOTHERAPY MARKET SIZE, 2018-2025 ($ MILLION)
11. SPAIN RADIOTHERAPY MARKET SIZE, 2018-2025 ($ MILLION)
12. ROE RADIOTHERAPY MARKET SIZE, 2018-2025 ($ MILLION)
13. INDIA RADIOTHERAPY MARKET SIZE, 2018-2025 ($ MILLION)
14. CHINA RADIOTHERAPY MARKET SIZE, 2018-2025 ($ MILLION)
15. JAPAN RADIOTHERAPY MARKET SIZE, 2018-2025 ($ MILLION)
16. REST OF ASIA-PACIFIC RADIOTHERAPY MARKET SIZE, 2018-2025 ($ MILLION)
17. REST OF THE WORLD RADIOTHERAPY MARKET SIZE, 2018-2025 ($ MILLION)
