The rise in the incidences of cancer, improved technological advances, new product launches, and strategic collaboration are driving the demand of the market.
Vancouver, BC -- (SBWIRE) -- 01/21/2021 -- A central pillar of cancer patients' palliative and curative treatment has been radiotherapy or radiation therapy. The arrival of state-of-the-art instrumentation has greatly enhanced the distribution process. Progress in understanding radiobiology has helped oncologists to increase the efficacy of radiotherapy in tumour cell eradication. Radiotherapy has recently enhanced the targeting of metastatic tumours in the patient population when combined with immune-checkpoint blockade.
Radiotherapy Market Drivers:
Growing from USD 5.82 billion in 2019 to USD 7.65 billion in 2027, the global radiotherapy market is expected to rise at a rate of 3.4 percent. Due to the growing prevalence of cancer, the market is experiencing increasing growth. U.K. Cancer Research, according to In 2018, about 17 million new cancer cases worldwide and about 9.6 million cancer deaths in the area were recorded. By the year 2040, it is projected that there will be 27.5 million new cases worldwide.
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Key participants include Varian Medical Systems, Inc. (U.S.), Elekta (Sweden), Accuray Incorporated (U.S.), Ion Beam Applications S.A. (Belgium), Panacea Medical Technologies Pvt. Ltd. (India), ViewRay, Inc. (U.S.), IsoRay Medical, Inc. (U.S.), Provision Healthcare (U.S.), Hitachi Ltd. (Japan), Mevion Medical Systems, Inc. (U.S.) and Reflexion Medical (U.S.) among others.
Frequently Asked Question:
At What rate will the Radiotherapy Grow...? What Will be the value of the Market in 2027...?
What are the Key technologies driving the Radiotherapy Across Market?
What Would be the impact of Radiotherapy Across Different Regions?
What are the strategies adopted by Players to enter the Asia Pacific Regions?
What is the key applications of Radiotherapy in the different sectors?
What are future growth strategies in the Market?
Combined with an increase in life-threatening diseases such as obesity, cancer, diabetes, respiratory and cardiac diseases, the geriatric population is growing and market demand is increasing. Market growth is expected to be fostered by the introduction of strict government policies to monitor cancer levels and to raise awareness of adequate care.
Radiotherapy Market: Regional Outlook
Market share in 2019 was dominated by North America. The region's growth is driven primarily by the demand for advanced healthcare technology and the region's growing prevalence of cancer.
Products Outlook (Revenue in Million USD; 2017–2027)
External Beam Radiotherapy Product
Linear Accelerators (LINAC)
Conventional LINAC
Stereotactic Advanced Electron/Cobalt-60 LINAC
CyberKnife
Gamma Knife
TomoTherapy
Particle Therapy Systems
Cyclotrons
Synchrotrons
Synchrocyclotrons
Conventional Cobalt-60 Teletherapy Units
Internal Beam Radiotherapy/Brachytherapy Products
Seeds
Applicators
Afterloaders
Electronic Brachytherapy Products
Systemic Radiotherapy
Iobenguane-131
Samarium-153
Rhenium-186
Yttrium-90
Radium-223
Phosphorous-32
Radio-Labelled Antibodies
Types Outlook (Revenue in Million USD; 2017–2027)
External Beam Radiotherapy
Image-guided Radiotherapy (IGRT)
Intensity-modulated Radiotherapy (IMRT)
TomoTherapy
Volumetric Modulated Arc Therapy (VMAT)
Stereotactic Therapy
3D Conformal Radiotherapy (3D-CRT)
Particle Beam Therapy (Heavy-ion and Proton Therapy)
Internal Beam 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
Applications Outlook (Revenue in Million USD; 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 in Million USD; 2017–2027)
Hospitals
Independent Radiotherapy Centers
In order to gain a foothold of their presence in the industry and maintain their shares in the North American region, several prominent players concentrate on technological advances, innovation, and marketing partnerships. Due to emerging economies like China and India, the increasing prominence of cancer, rising FDI, medical tourism, and improved and productive healthcare infrastructures, among others, the Asia Pacific is also expected to experience a significant CAGR during the forecast period.
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Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Radiotherapy Market Segmentation & Impact Analysis
4.1. Radiotherapy Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Rise in the prevalence of cancer
4.2.2.2. Increasing geriatric population
4.2.2.3. Growing technological advances
4.2.2.4. Favorable reimbursement policies
4.2.3. Market restraints analysis
4.2.3.1. High cost of therapy
4.2.3.2. Side effects associated with therapy
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter's Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Radiotherapy Market By Products Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)
5.1. Products Dynamics & Market Share, 2019 & 2027
5.2. External Beam Radiotherapy Product
5.2.1. Linear Accelerators (LINAC)
5.2.1.1. Conventional LINAC
5.2.1.2. Stereotactic Advanced Electron/Cobalt-60 LINAC
5.2.1.2.1. CyberKnife
5.2.1.2.2. Gamma Knife
5.2.1.2.3. TomoTherapy
5.2.1.3. Particle Therapy Systems
5.2.1.3.1. Cyclotrons
5.2.1.3.2. Synchrotrons
5.2.1.3.3. Synchrocyclotrons
5.2.1.4. Conventional Cobalt-60 Teletherapy Units
5.3. Internal Beam Radiotherapy/Brachytherapy Products
5.3.1. Seeds
5.3.2. Applicators
5.3.3. Afterloaders
5.3.4. Electronic Brachytherapy Products
5.4. Systemic Radiotherapy
5.4.1. Iobenguane-131
5.4.2. Samarium-153
5.4.3. Rhenium-186
5.4.4. Yttrium-90
5.4.5. Radium-223
5.4.6. Phosphorous-32
5.4.7. Radio-Labelled Antibodies
To Be Continued…!
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