Global Radiotherapy market was valued at USD 6.92 Billion in 2018 and is projected is to exhibit 6.0% CAGR during the forecast period. The market is expected to reach USD 11.01 Billion by 2026. Radiotherapy, also known as radiation therapy (abbreviated also as RT, RTx, or XRT) is a treatment used to kill cancer cells or shrink tumors using high doses of radiation in the treatment of cancer.
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Radiotherapy Market Dynamics
The global Radiotherapy market is driven owing to the significant rise in cancer cases across the globe coupled with technological advancement in the field of radiation therapy. In addition, demands from emerging markets, growing private and government investments to suffice rising demand for cancer treatment, and the enhanced reimbursement scenarios across the healthcare sector worldwide act as more positive driving factors for the global radiotherapy market during the forecast period.
Radiotherapy Market Insight
Asia Pacific dominates the global Radiotherapy market owing to rising per capita incomes, improving healthcare and medical infrastructure, and huge population base of which a percent of people suffering from some or the other diseases that requires radiotherapy treatment. North America and Europe also occupy a considerable share of the market owing to existing good medical infrastructure and usage of radiotherapy treatment for required diseases. Latin America radiotherapy market is also analyzed to grow at a good rate during the forecast period.
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Radiotherapy Market Segmentation
The global Radiotherapy market is segmented into product type, type, end-user, and region. On the basis of the product type the market is further bifurcated into external beam radiotherapy and internal beam radiotherapy. By type, the market is classified into external beam, internal beam, and systemic. On the basis of end-user, the global Radiotherapy market is segmented into hospitals and independent radiotherapy centers. Based on the geography the market is further segregated into North America, Latin America, Europe and Asia Pacific.
Radiotherapy Market Competitive Landscape
The major players associated with the global Radiotherapy market are Varian Medical Systems, Inc, Elekta AB, Accuray Incorporated, Ion Beam Applications SA, ViewRay, Inc., IsoRay Medical, Inc., Hitachi Ltd., Panacea Medical Technologies Pvt. Ltd., Provision Healthcare, and Mevion Medical Systems, Inc. among others.
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