Varian Medical Systems, Inc., Elekta AB and Siemens Healthcare GmbH are Dominating in the Global Radiotherapy Market in 2019

Global Radiotherapy Market is expected to grow with the CAGR of 5.7% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

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Global radiotherapy market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in global radiotherapy market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio. For instance, in December 2019, Varian Medical Systems, Inc. launched their new product RapidPlan knowledge-based treatment planning software. This is new software used to improve the plan consistency for intensity-modulated radiation therapy (IMRT). After launching new product, the company has enhanced their product portfolio and generated adequate revenue.   

Varian Medical Systems, Inc. is the dominating player in global radiotherapy market. The other key players existing in the radiotherapy market includes ProTom International, Mevion Medical Systems, VIEWRAY TECHNOLOGIES, INC. (a subsidiary of ViewRay), Siemens Healthcare GmbH, Elekta AB, Accuray Incorporated, IBA Worldwide, Eckert & Ziegler BEBIG, RaySearch Laboratories, Brainlab AG, Koninklijke Philips N.V., GE Healthcare, Hitachi, Ltd., Advanced Accelerator Applications (a subsidiary of Novartis AG), Provision Healthcare., Nordion (Canada) Inc., Sumitomo Heavy Industries, Ltd., CIVCO Radiotherapy (a subsidiary of Roper Technologies) and Isoray Inc among others. 

Radiotherapy MarketVarian Medical Systems, Inc.:   

Varian Medical Systems, Inc. is headquartered in California, U.S. was founded in 1948. The company is engaged in manufacturing and commercializing of advanced radiotherapy, radiosurgery, and many other vital cancer-fighting products. The company deals in multiple products under categories such as radiosurgery, radiotherapy, proton therapy, brachytherapy, adaptive therapy, ethos, interventional solutions and software out of which radiotherapy and radiosurgery are the market focused categories.

For instance,

  • In May 2017, Varian Medical Systems, Inc. launched their new product Halcyon system which was an entirely new device for cancer treatment. This new system enhanced virtually every aspect of image-guided volumetric intensity modulated radiotherapy (IMRT). After launching new product, the company has enhanced their product portfolio and generated adequate revenue.

The company has presence in North America, South America, Europe, Asia-Pacific, and Middle East and Africa. The company has various subsidiaries that are Varian Medical Systems UK (U.K.), Varian Medical France (France), Varian Medical Systems Korea, Inc. (South Korea), Varian Medical Systems (Canada), Varian Medical Systems China Co. Ltd. (China) among others.

Elekta AB:

Elekta AB is headquartered in Stockholm, Sweden, was founded in 1972. The company is engaged in manufacturing and commercializing of wide range of solutions for cancer care and brain disorders. The company has multiple products & solutions under categories such as radiotherapy, stereotactic radiosurgery, MR/RT, oncology informatics, brachytherapy, neurosurgery and particle therapy out of which radiotherapy, stereotactic radiosurgery, oncology informatics, brachytherapy and particle therapy are the market focused categories.

For instance,

  • In May 2020, Elekta AB has launched Leksell Gamma Knife which is a next-generation treatment optimizer for intracranial stereotactic radiosurgery. After launching new product, the company enhanced their product portfolio and generates adequate revenue.

The company has a wide global presence across North America, South America, Europe, Asia-Pacific, and Africa. The company has various subsidiaries namely Elekta Holdings U.S., Inc. (U.S.), Kaiku Health (Germany), Beijing Medical Equipment Institute (China), Elekta Oncology Systems, Inc. (U.S.), Elekta (U.K.) among others.

Siemens Healthcare GmbH:  

Siemens Healthcare GmbH is headquartered in Erlangen, Germany was founded in year 1896. The company is engaged in manufacturing and commercializing of laboratory diagnostics, medical imaging, digital ecosystem, and reading solutions across the world. The company has multiple business segments that are imaging and diagnostics & advanced therapies out of which imaging is the market focused segment. The company offers wide range of products & services under various categories such as medical imaging, laboratory diagnostics, point of care testing, digital health solutions, services & consulting, clinical specialties, accessories, OEM & electronics and healthcare IT out of which medical imaging is market focused category.     

For instance,

  • In August 2020, Siemens Healthcare GmbH entered into an agreement to acquire Varian in order to enhance the fight against cancer and strengthen its business in healthcare sector. After this announcement, the company has enhanced their credibility in the market.

The company has a wide global presence across the world as in North America, Europe, Asia-Pacific, South America, and Middle East and Africa with its various subsidiaries such as Fast Track Diagnostics Ltd. (Europe), Siemens Healthcare Medical Solutions Limited (Germany), Siemens Healthcare Germany (Germany) among others.