Radiotherapy Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2027

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Increase In Demand Analysis: The Global Radiotherapy Market Size is projected to reach  9.0 Billion USD by 2027, growing at a CAGR of 5.1% During 2021-2027. In this study, 2020 has been considered as the base year and 2021 to 2027 as the forecast period to estimate the market size for Radiotherapy.

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Growth Factors:

Technological advancements in radiotherapy and the rising incidence of cancer are the major factors driving the growth of this market. Additionally, the 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 other major factors driving the growth of this market.

Radiotherapy Market Dynamics
Driver: 
Over the last decade, the radiotherapy devices market has seen significant technological advancements. These advancements have helped in the development of more effective, low-cost, and easy-to-use radiotherapy products with improved and precise radiation dose delivery to offer increased efficiency in targeting tumors. The advancement from 2D to 3D conformal radiotherapy with real-time imaging has enabled high conformity of radiation to the target (with minimal exposure to normal tissue) and dose escalation with improved tumor control. Products that provide these benefits are expected to have a very high growth potential in a short time span, especially in mature markets where the adoption rate of technologically advanced products is high.

Considering these factors, several key market players are continuously focusing on the development, approval, and launch of technologically advanced products. For example, in 2020, Elekta (Sweden) introduced its Elekta Harmony linear accelerator, a cancer treatment system with a shorter treatment slot of up to 25% and a 30% smaller footprint. In 2020, PMB, a subsidiary of the ALCEN Group, announced the launch of FLASHKNiFE, a FLASH radiotherapy system dedicated to clinical trials.

Such technological advancements focus on improving the functionality of radiotherapy delivery systems and expanding their application areas. The growing adoption of these systems in multiple applications and settings is one of the major factors driving the growth of the radiotherapy market.

Restraint: 
Radiotherapy devices are larger in size and require ample space for installation. As a result, in emerging and underdeveloped economies, the lack of adequate healthcare infrastructure due to limited healthcare expenditure is one of the major factors restraining the adoption of radiotherapy systems. Currently, only a limited number of healthcare institutions in underdeveloped and developing countries are capable of using advanced radiotherapy systems for cancer treatment. This, in turn, is limiting the number of radiotherapy procedures in spite of their high demand. The WHO recommends at least one teletherapy unit per million population. As per this recommendation, the minimum required a number of teletherapy units in India is around 1,250 units as against the presently available 545 units, marking a huge shortfall of nearly 700 units.

Opportunity: 
The rapid economic development and increasing healthcare expenditure in several emerging countries, such as China, India, Brazil, and Mexico, are expected to improve access to quality healthcare in these countries. This is considered a positive indicator for the radiotherapy market. The rising incidence of cancer in these countries is resulting in a growth in the demand for various radiotherapy devices and techniques. Moreover, governments across these countries are focused on providing modern and advanced healthcare services to larger proportions of their population, as well as the improvement of reimbursement coverage. Rapid growth in per-capita healthcare expenditure and the growing public demand for affordable healthcare services are driving the growth of healthcare products (including oncology devices) across these countries. This can be evidenced by the overall increase in healthcare expenditure. For example, the healthcare expenditure of India increased from 1.2% to 2.5% of the total GDP from 2019 to 2020. Whereas, in China, healthcare expenditure has increased to 12.6% to ~USD 930 billion, as the government has raised spending in the healthcare sector amidst the COVID-19 pandemic (Source: Healthcare Asia).

Challenge: 
One of the major challenges associated with the use of radiation therapy for cancer treatment is the risk of radiation exposure. The high radiation doses involved with therapeutic exposures have the potential to cause harm to not only the patients opting for treatment but also to the healthcare staff and people in the surrounding areas in case there is involuntary radiation exposure. This may result in various side effects, such as vomiting, diarrhea, and nausea. Similarly, exposure to a large amount of radiation doses all at once may cause radiation sickness and death.

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Recent report on the Radiotherapy market, with the help of a comprehensive outlook, provides readers with an assessment of the global market landscape. This study on the Radiotherapy market analyzes the scenario for the period of 2017 to 2027, wherein, 2021 is the base year and 2020 is historical data. This report enables readers to make important decisions with regard to their business, with the help of a wealth of Information enclosed in the study. The report also provides the compound annual growth rate (CAGR) of the global Radiotherapy market for the forecast period of 2021–2027. This data can help readers interpret quantitative growth aspects of the global market during the forecast period. It presents a wealth of information on key market dynamics, including drivers, market trends, and challenges, as well as the structure of the global market across the globe.

The report analyzes the historical and present-day scenario of the global Radiotherapy market to accurately gauge its growth potential. The study presents detailed information about important growth factors, restraints, and key trends that are creating the landscape for growth of the global market in order to identify opportunities for stakeholders.

The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments in the scope of the study. Moreover, the report sheds light on the changing competitive dynamics in the Radiotherapy market. These indices serve as valuable tools for existing market players as well as for entities interested in participating in the market.

The report delves into the competition landscape of the global Radiotherapy market. Key players operating in the market have been identified and each one of these has been profiled for distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players in the Radiotherapy market that are profiled in this report.

Y-o-Y growth comparison, volume and revenue comparison, and market share comparison of various market segments are provided in the report. The Radiotherapy market is analyzed at both regional and country levels.

Radiotherapy Market top Key Players:

Varian Medical Systems, Inc. (US), Elekta (Sweden) Accuray Incorporated (US), Ion Beam Applications SA (Belgium), BD (US), Eckert & Ziegler (Germany), Hitachi Ltd. (Japan), ICAD, Inc. (US), IntraOp Medical, Inc. (US), IsoRay Medical, Inc. (US), Mevion Medical Systems, Inc. (US), Panacea Medical Technologies Pvt. Ltd. (India), P-cure Ltd. (Israel), ViewRay, Inc. (US), and ZEISS Group (Germany), among others.

Unravelling the Critical Segments

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:

Global Radiotherapy market, by Product

  • External Beam Radiotherapy
  • Electron-emitting High-energy Linear Accelerators
  • Conventional Linear Accelerators
  • Stereotactic Advanced Electron/Cobalt-60 Linear Accelerators
    • Gamma Knife
    • CyberKnife
    • TomoTherapy
  • Conventional Cobalt-60 Teletherapy Units
  • Particle Therapy Systems
    • Cyclotrons
    • Synchrotrons
    • Synchrocyclotron
  • Internal Beam Radiotherapy/Brachytherapy
    • Seeds
    • Afterloaders
    • Applicators
    • IORT Systems
  • Systemic Radiotherapy
    • Iobenguane (I-131)
    • Samarium-153
    • Rhenium-186
    • Other Systemic Radiotherapy Products*

Global Radiotherapy market, by Application

  • External Beam Radiotherapy
    • Prostate Cancer
    • Breast Cancer
    • Lung Cancer
    • Head and Neck Cancer
    • Colorectal Cancer
    • Other Cancers
  • Internal Beam Radiotherapy/Brachytherapy
    • Prostate Cancer
    • Gynecological Cancer
    • Breast Cancer
    • Cervical Cancer
    • Penile Cancer
    • Other Cancers

Global Radiotherapy market, by Procedure

  • External Beam Radiotherapy
    • Image-guided Radiotherapy
    • Intensity-modulated Radiotherapy
    • Stereotactic Therapy
    • Particle Therapy
    • 3D Conformal Radiotherapy
  • Internal Beam Radiotherapy/Brachytherapy
    • High-dose-rate Brachytherapy
    • Low-dose-rate Brachytherapy
    • Pulsed-dose-rate Brachytherapy
  • Systemic Radiotherapy
  • Intravenous Radiotherapy
  • Oral Radiotherapy
  • Instillation Radiotherapy

Global Radiotherapy market, by End User

  • Hospitals
  • Independent Radiotherapy Centers

Research Methodology

A unique research methodology has been utilized to conduct a comprehensive research on the growth of the global Radiotherapy market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions. Secondary sources referred to by analysts during the production of the global market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of our study on the market as a primary source.

These primary and secondary sources provided exclusive information during interviews, which serves as a validation from mattress topper industry leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global Radiotherapy market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped to estimates the future prospects of the global market more reliable and accurate.

Key Questions are

  • What are the key factors influencing the Radiotherapy market in each region?
  • How much value will the global market generate by the end of the forecast period?
  • What will be the CAGR of the global market between 2021 and 2027?
  • What would be the Y-o-Y growth trend of the global market between 2021 and 2027?
  • What is the future scope and current trends in technologies of the global market?
  • What is the revenue of the global market based on segments?
  • Which key strategies are used by top players of the global market?
  • Which are the leading companies in the global market?
  • What are the essential strategies by key stakeholders in the market to expand their geographic presence?
  • What are the major advancements witnessed in the global market?

 Why Buy this Report?

The purpose of Nova one advisor’s Radiotherapy market study is to provide stakeholders with a detailed picture of potential barriers and untapped opportunities. The report contains exclusive information to assist businesses in making informed decisions about how to maintain growth throughout the assessment period.

TABLE OF CONTENT

Chapter 1.    Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.    Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.    Executive Summary

3.1.  Market Snapshot

Chapter 4.    Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.     Raw Material Procurement Analysis

4.3.2.     Sales and Distribution Channel Analysis

4.3.3.     Downstream Buyer Analysis

Chapter 5.    Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.     Market Drivers

5.1.2.     Market Restraints

5.1.3.     Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.     Bargaining power of suppliers

5.2.2.     Bargaining power of buyers

5.2.3.     Threat of substitute

5.2.4.     Threat of new entrants

5.2.5.     Degree of competition

Chapter 6.    Competitive Landscape

6.1.1.     Company Market Share/Positioning Analysis

6.1.2.     Key Strategies Adopted by Players

6.1.3.     Vendor Landscape

6.1.3.1.          List of Suppliers

6.1.3.2.          List of Buyers

Chapter 7.    Global Radiotherapy Market, By Product

7.1.  Radiotherapy  Market, by Product, 2021-2027

7.1.1.     External Beam Radiotherapy

7.1.1.1.          Market Revenue and Forecast (2016-2027)

7.1.2.     Electron-emitting High-energy Linear Accelerators

7.1.2.1.          Market Revenue and Forecast (2016-2027)

7.1.3.     Conventional Linear Accelerators

7.1.3.1.          Market Revenue and Forecast (2016-2027)

7.1.4.     Stereotactic Advanced Electron/Cobalt-60 Linear Accelerators

7.1.4.1.          Market Revenue and Forecast (2016-2027)

7.1.5.     Conventional Cobalt-60 Teletherapy Units

7.1.5.1.          Market Revenue and Forecast (2016-2027)

7.1.6.     Particle Therapy Systems

7.1.6.1.          Market Revenue and Forecast (2016-2027)

7.1.7.     Internal Beam Radiotherapy/Brachytherapy

7.1.7.1.          Market Revenue and Forecast (2016-2027)

7.1.8.     Systemic Radiotherapy

7.1.8.1.          Market Revenue and Forecast (2016-2027)

Chapter 8.    Global Radiotherapy Market, By Application

8.1.  Radiotherapy  Market, by Application, 2021-2027

8.1.1.     External Beam Radiotherapy

8.1.1.1.          Market Revenue and Forecast (2016-2027)

8.1.2.     Internal Beam Radiotherapy/Brachytherapy

8.1.2.1.          Market Revenue and Forecast (2016-2027)

Chapter 9.    Global Radiotherapy Market, By Procedure

9.1.  Radiotherapy  Market, by Procedure, 2021-2027

9.1.1.     External Beam Radiotherapy

9.1.1.1.          Market Revenue and Forecast (2016-2027)

9.1.2.     Internal Beam Radiotherapy/Brachytherapy

9.1.2.1.          Market Revenue and Forecast (2016-2027)

9.1.3.     Systemic Radiotherapy

9.1.3.1.          Market Revenue and Forecast (2016-2027)

9.1.4.     Intravenous Radiotherapy

9.1.4.1.          Market Revenue and Forecast (2016-2027)

9.1.5.     Oral Radiotherapy

9.1.5.1.          Market Revenue and Forecast (2016-2027)

9.1.6.     Instillation Radiotherapy

9.1.6.1.          Market Revenue and Forecast (2016-2027)

Chapter 10.Global Radiotherapy Market, By End User

10.1.          Radiotherapy  Market, by End User, 2021-2027

10.1.1.  Hospitals

10.1.1.1.       Market Revenue and Forecast (2016-2027)

10.1.2.  Independent Radiotherapy Centers

10.1.2.1.       Market Revenue and Forecast (2016-2027)

Chapter 11.Global Radiotherapy  Market, Regional Estimates and Trend Forecast

11.1.          North America

11.1.1.  Market Revenue and Forecast, by Product (2016-2027)

11.1.2.  Market Revenue and Forecast, by Application (2016-2027)

11.1.3.  Market Revenue and Forecast, by Procedure (2016-2027)

11.1.4.  Market Revenue and Forecast, by End User (2016-2027)

11.1.5.  U.S.

11.1.5.1.       Market Revenue and Forecast, by Product (2016-2027)

11.1.5.2.       Market Revenue and Forecast, by Application (2016-2027)

11.1.5.3.       Market Revenue and Forecast, by Procedure (2016-2027)

11.1.5.4.       Market Revenue and Forecast, by End User (2016-2027)

11.1.6.  Rest of North America

11.1.6.1.       Market Revenue and Forecast, by Product (2016-2027)

11.1.6.2.       Market Revenue and Forecast, by Application (2016-2027)

11.1.6.3.       Market Revenue and Forecast, by Procedure (2016-2027)

11.1.6.4.       Market Revenue and Forecast, by End User (2016-2027)

11.2.          Europe

11.2.1.  Market Revenue and Forecast, by Product (2016-2027)

11.2.2.  Market Revenue and Forecast, by Application (2016-2027)

11.2.3.  Market Revenue and Forecast, by Procedure (2016-2027)

11.2.4.  Market Revenue and Forecast, by End User (2016-2027)

11.2.5.  UK

11.2.5.1.       Market Revenue and Forecast, by Product (2016-2027)

11.2.5.2.       Market Revenue and Forecast, by Application (2016-2027)

11.2.5.3.       Market Revenue and Forecast, by Procedure (2016-2027)

11.2.5.4.       Market Revenue and Forecast, by End User (2016-2027)

11.2.6.  Germany

11.2.6.1.       Market Revenue and Forecast, by Product(2016-2027)

11.2.6.2.       Market Revenue and Forecast, by Application (2016-2027)

11.2.6.3.       Market Revenue and Forecast, by Procedure (2016-2027)

11.2.6.4.       Market Revenue and Forecast, by End User (2016-2027)

11.2.7.  France

11.2.7.1.       Market Revenue and Forecast, by Product (2016-2027)

11.2.7.2.       Market Revenue and Forecast, by Application (2016-2027)

11.2.7.3.       Market Revenue and Forecast, by Procedure (2016-2027)

11.2.7.4.       Market Revenue and Forecast, by End User (2016-2027)

11.2.8.  Rest of Europe

11.2.8.1.       Market Revenue and Forecast, by Product (2016-2027)

11.2.8.2.       Market Revenue and Forecast, by Application (2016-2027)

11.2.8.3.       Market Revenue and Forecast, by Procedure (2016-2027)

11.2.8.4.       Market Revenue and Forecast, by End User (2016-2027)

11.3.          APAC

11.3.1.  Market Revenue and Forecast, by Product (2016-2027)

11.3.2.  Market Revenue and Forecast, by Application (2016-2027)

11.3.3.  Market Revenue and Forecast, by Procedure (2016-2027)

11.3.4.  Market Revenue and Forecast, by End User (2016-2027)

11.3.5.  India

11.3.5.1.       Market Revenue and Forecast, by Product (2016-2027)

11.3.5.2.       Market Revenue and Forecast, by Application (2016-2027)

11.3.5.3.       Market Revenue and Forecast, by Procedure (2016-2027)

11.3.5.4.       Market Revenue and Forecast, by End User (2016-2027)

11.3.6.  China

11.3.6.1.       Market Revenue and Forecast, by Product (2016-2027)

11.3.6.2.       Market Revenue and Forecast, by Application (2016-2027)

11.3.6.3.       Market Revenue and Forecast, by Procedure (2016-2027)

11.3.6.4.       Market Revenue and Forecast, by End User (2016-2027)

11.3.7.  Japan

11.3.7.1.       Market Revenue and Forecast, by Product (2016-2027)

11.3.7.2.       Market Revenue and Forecast, by Application (2016-2027)

11.3.7.3.       Market Revenue and Forecast, by Procedure (2016-2027)

11.3.7.4.       Market Revenue and Forecast, by End User (2016-2027)

11.3.8.  Rest of APAC

11.3.8.1.       Market Revenue and Forecast, by Product (2016-2027)

11.3.8.2.       Market Revenue and Forecast, by Application (2016-2027)

11.3.8.3.       Market Revenue and Forecast, by Procedure (2016-2027)

11.3.8.4.       Market Revenue and Forecast, by End User (2016-2027)

11.4.          MEA

11.4.1.  Market Revenue and Forecast, by Product (2016-2027)

11.4.2.  Market Revenue and Forecast, by Application (2016-2027)

11.4.3.  Market Revenue and Forecast, by Procedure (2016-2027)

11.4.4.  Market Revenue and Forecast, by End User (2016-2027)

11.4.5.  GCC

11.4.5.1.       Market Revenue and Forecast, by Product (2016-2027)

11.4.5.2.       Market Revenue and Forecast, by Application (2016-2027)

11.4.5.3.       Market Revenue and Forecast, by Procedure (2016-2027)

11.4.5.4.       Market Revenue and Forecast, by End User (2016-2027)

11.4.6.  North Africa

11.4.6.1.       Market Revenue and Forecast, by Product (2016-2027)

11.4.6.2.       Market Revenue and Forecast, by Application (2016-2027)

11.4.6.3.       Market Revenue and Forecast, by Procedure (2016-2027)

11.4.6.4.       Market Revenue and Forecast, by End User (2016-2027)

11.4.7.  South Africa

11.4.7.1.       Market Revenue and Forecast, by Product (2016-2027)

11.4.7.2.       Market Revenue and Forecast, by Application (2016-2027)

11.4.7.3.       Market Revenue and Forecast, by Procedure (2016-2027)

11.4.7.4.       Market Revenue and Forecast, by End User (2016-2027)

11.4.8.  Rest of MEA

11.4.8.1.       Market Revenue and Forecast, by Product (2016-2027)

11.4.8.2.       Market Revenue and Forecast, by Application (2016-2027)

11.4.8.3.       Market Revenue and Forecast, by Procedure (2016-2027)

11.4.8.4.       Market Revenue and Forecast, by End User (2016-2027)

11.5.          Latin America

11.5.1.  Market Revenue and Forecast, by Product (2016-2027)

11.5.2.  Market Revenue and Forecast, by Application (2016-2027)

11.5.3.  Market Revenue and Forecast, by Procedure (2016-2027)

11.5.4.  Market Revenue and Forecast, by End User (2016-2027)

11.5.5.  Brazil

11.5.5.1.       Market Revenue and Forecast, by Product (2016-2027)

11.5.5.2.       Market Revenue and Forecast, by Application (2016-2027)

11.5.5.3.       Market Revenue and Forecast, by Procedure (2016-2027)

11.5.5.4.       Market Revenue and Forecast, by End User (2016-2027)

11.5.6.  Rest of LATAM

11.5.6.1.       Market Revenue and Forecast, by Product (2016-2027)

11.5.6.2.       Market Revenue and Forecast, by Application (2016-2027)

11.5.6.3.       Market Revenue and Forecast, by Procedure (2016-2027)

11.5.6.4.       Market Revenue and Forecast, by End User (2016-2027)

Chapter 12.   Company Profiles

12.1.                 Varian Medical Systems, Inc. (US)

12.1.1.  Company Overview

12.1.2.  Product Offerings

12.1.3.  Financial Performance

12.1.4.  Recent Initiatives

12.2.                 Elekta (Sweden)

12.2.1.  Company Overview

12.2.2.  Product Offerings

12.2.3.  Financial Performance

12.2.4.  Recent Initiatives

12.3.                 Accuray Incorporated (US)

12.3.1.  Company Overview

12.3.2.  Product Offerings

12.3.3.  Financial Performance

12.3.4.  Recent Initiatives

12.4.                 Ion Beam Applications SA (Belgium)

12.4.1.  Company Overview

12.4.2.  Product Offerings

12.4.3.  Financial Performance

12.4.4.  Recent Initiatives

12.5.                 BD (US)

12.5.1.  Company Overview

12.5.2.  Product Offerings

12.5.3.  Financial Performance

12.5.4.  Recent Initiatives

12.6.                 Eckert & Ziegler (Germany)

12.6.1.  Company Overview

12.6.2.  Product Offerings

12.6.3.  Financial Performance

12.6.4.  Recent Initiatives

12.7.                 Hitachi Ltd. (Japan)

12.7.1.  Company Overview

12.7.2.  Product Offerings

12.7.3.  Financial Performance

12.7.4.  Recent Initiatives

12.8.                 ICAD, Inc. (US)

12.8.1.  Company Overview

12.8.2.  Product Offerings

12.8.3.  Financial Performance

12.8.4.  Recent Initiatives

12.9.                 IntraOp Medical, Inc. (US)

12.9.1.  Company Overview

12.9.2.  Product Offerings

12.9.3.  Financial Performance

12.9.4.  Recent Initiatives

12.10.              IsoRay Medical, Inc. (US)

12.10.1.                   Company Overview

12.10.2.                   Product Offerings

12.10.3.                   Financial Performance

12.10.4.                   Recent Initiatives

12.11.              Mevion Medical Systems, Inc. (US)

12.11.1.                   Company Overview

12.11.2.                   Product Offerings

12.11.3.                   Financial Performance

12.11.4.                   Recent Initiatives

12.12.              Panacea Medical Technologies Pvt. Ltd. (India)

12.12.1.                   Company Overview

12.12.2.                   Product Offerings

12.12.3.                   Financial Performance

12.12.4.                   Recent Initiatives

12.13.              P-cure Ltd. (Israel)

12.13.1.                   Company Overview

12.13.2.                   Product Offerings

12.13.3.                   Financial Performance

12.13.4.                   Recent Initiatives

12.14.              ViewRay, Inc. (US)

12.14.1.                   Company Overview

12.14.2.                   Product Offerings

12.14.3.                   Financial Performance

12.14.4.                   Recent Initiatives

12.15.              ZEISS Group (Germany)

12.15.1.                   Company Overview

12.15.2.                   Product Offerings

12.15.3.                   Financial Performance

12.15.4.                   Recent Initiatives

Chapter 13.   Research Methodology

13.1.                 Primary Research

13.2.                 Secondary Research

13.3.                 Assumptions

Chapter 14.   Appendix

14.1.                 About Us

14.2.                 Glossary of Terms

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