Global Radiotherapy Market is Expected to Grow at CAGR 7.5% till 2024

Data Bridge Market Research new Insight’s on “Global Radiotherapy Market is projected to reach 9.3 billion by 2024, from USD 5.3 billion in 2016 growing at a CAGR of 7.5% during the forecast period of 2017 to 2024”.

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The market is segmented by Type {Beam Radiotherapy (IGRT, IMRT, VMAT, Tomotherapy, 3D CRT, Proton Beam, Stereotactic), Brachytherapy (LDR, HDR), Systemic Radiotherapy} Product Type (Cyberknife, Gammaknife, Linac, Proton Beam, Systemic Radiotherapy, Seeds, Afterloaders) Indication (Prostate & Breast Cancer) Geography (North America, Europe, APAC, South America, RoW) – Industry Trends and Forecast to 2024

The actual calculation year for the report is 2016, while the historic data is for 2015 and the forecast period is still 2024.

Recent Developments: Global Radiotherapy Market

  • Cancer is the major cause of death in the world and the number of new patients each year is steadily increasing. The most common form of cancer mortality is by metastasis, where the tumors and cancerous cells spread to organs causing failure. The world is focused upon developing solutions and cure to cancer by destroying primary and secondary tumors that cause metastasis. In current healthcare scenario, localized treatment of tumors is the only efficient treatment for tumors. Radiosurgery is used alongside surgery or separately to treat cancer for a long time period. More than 75 percent of the cancer patient population is expected to take radiosurgery in some point of their disease prognosis.
  • There has been rapid development in the radiosurgery field in recent years, owing to increased threat of multiple cancers and mortality. This has allowed pulling in large government and healthcare manufacturers funding’s in research labs developing treatment and preventive techniques against cancer. The Elekta Gamma Knife has completed more than 1 million surgeries as announced by Elekta in May 2016. This shows the demand of radiotherapy products, and the requirement of disruptive technologies to change to modern day radiotherapy. According to Hospital Cost and Utilization Project (HCUP) the number of radiotherapy procedures is increasing in U.S. by 2 percent every year.
  • China is expected to continue its impressive growth in radiotherapy equipments along with high growth in India, Brazil, Russia and other emerging economies. The developed countries such as Germany, France, U.S., U.K., Japan among others is expected to be boosted owing to government funding and increasing awareness of systemic radiotherapy and other developed radiotherapy treatments.

Segmentation: Global Radiotherapy Market Categories

  • The global radiotherapy market is segmented on the basis of therapy, product, application, and geography.
  • On the basis of therapy, the radiotherapy market is segmented into external beam radiotherapy, internal beam radiotherapy, and systemic radiation therapy.
  • Based on product type, the market is segmented into EBRT equipment, and IBRT equipment. The external beam radiotherapy (EBRT) products are further segmented into cyberknife, gammaknife, LINAC, Proton Beam (Cyclotron, Synclotron). The internal beam radiotherapy (IBRT) is segmented into seeds, afterloaders and others.
  • On the basis of indication, the market is segmented into cancer of different organs such as brain tumor, spine cancer, lung cancer, liver cancer, breast cancer, prostate cancer and others.

Geographic Segmentation: Global Radiotherapy Market

Based on geography, the market is segmented into 5 geographical regions, North America, Europe, Asia-Pacific, South America and rest of the world. The report of this market shares countries such as U.S. Canada, Mexico, Germany, France, U.K., Belgium, Switzerland, Belgium, Turkey, Japan, China, Singapore, Brazil, India, Russia, South Africa and others.

"Global Radiotherapy Market News”

Company Share Analysis: Global Radiotherapy Market

Some of the other players in this market include CIVCO Medical Solutions, Brainlab AG, C. R. Bard, Inc., IsoRay, Inc., Nordion, Inc., RAYSEARCH LABORATORIES, Meister Media Worldwide (PRECISION AG), Mevion Medical Systems, TRF, Hitachi, Ltd., Sumitomo Heavy Industries, Ltd., Mitsubishi Electric Corporation, ProNova Solutions, LLC, and ProTom International among others.

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