Global Three-Dimensional Conformal Radiation Therapy Market, By Type (External Beam Radiation Therapy, Internal Radiation Therapy/Brachytherapy, Systemic Radiation Therapy), End User (Hospitals and Clinics and Ambulatory Surgical Centers), Procedure (External Beam Radiotherapy, Internal Beam Radiotherapy), Product (Radiotherapy Devices, Radiotherapy Consumables and Accessories, Software, Services) – Industry Trends and Forecast to 2030.
Three-Dimensional Conformal Radiation Therapy Market Analysis and Size
Radiotherapy, also known as radiation therapy, is a cancer treatment. Tumour cells are killed using X-rays in this therapy. One of the most important trends in radiation oncology is flash therapy. In addition, image-guided radiotherapy has gained popularity in the market. Emerging markets like India, China, Brazil, and Malaysia provide numerous opportunities in the healthcare sector. Developing these countries' healthcare systems is driving demand for three-dimensional conformal radiation therapy.
Data Bridge Market Research analyses that the three-dimensional conformal radiation therapy market which was USD 4.2 billion in 2022, is expected to reach USD 6.21 billion by 2030, at a CAGR of 5% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Three-Dimensional Conformal Radiation Therapy Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (External Beam Radiation Therapy, Internal Radiation Therapy/Brachytherapy, Systemic Radiation Therapy), End User (Hospitals and Clinics and Ambulatory Surgical Centers), Procedure (External Beam Radiotherapy, Internal Beam Radiotherapy), Product (Radiotherapy Devices, Radiotherapy Consumables and Accessories, Software, Services)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Varian Medical Systems, Inc. (U.S.), CIVCO Medical Solutions (U.S.), Brainlab AG (Germany), C. R. Bard, Inc. (U.S.), IsoRay Medical, Inc. (U.S.), Nordion, Inc. (Canada), RaySearch Laboratories (Sweden), Precisis GmbH (Germany), Mevion Medical Systems (U.S.), Technicas Radiofiscas S.L. (Spain), Hitachi, Ltd. (Japan), Sumitomo Heavy Industries, Ltd. (Japan), ProNova Solutions, LLC (U.S.) and ProTom International (U.S.)
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Market Opportunities
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Market Definition
Three-dimensional conformal radiation, also called 3D conformal radiotherapy or 3D-CRT, widely used in the 1970s-80s. This was a result of advances made in imaging technologies. CT-guided therapy allows the tumor and normal organ's shape and size to be defined in three dimensions. Instead of using a "flat" image of an x-ray that only shows the tumor's height and width.
Global Three-Dimensional Conformal Radiation Therapy Market Dynamics
Drivers
- Technological advancements
Technological advancements such as IMRT (intensity modulated radiotherapy), gamma knife, tomotherapy integrated with radiotherapy have positively influenced the market growth. Furthermore, innovation of 3D CRT, has opened effective treatment options with minimal adverse effect in the treatment of cancer. In addition to this, pep test in gynaecology and cyber knife examination in robotic surgeries boost the market growth during the forecast period.
- Strong investments in cancer research
Cancer research institutes are rapidly installing advanced radiotherapy equipment in order to provide advanced and effective patient care. Increasing government and private sector investments to accelerate R&D in the field of cancer diagnostics and therapeutics will allow research centres to develop novel technologies. Cancer research is being catalyzed by healthcare companies, pharmaceutical companies, and government agencies in order to reduce the disease's global burden.
- Healthcare infrastructure initiatives
Rising cancer awareness in countries such as China, India, Japan, and South Korea will propel radiation therapy forward. International healthcare investments and ambitious government initiatives are increasing access to superior radiotherapy. For instance, in August 2022, India's Apollo Proton Cancer Centre (APCC) signed an agreement with Belgium's Ion Beam Applications (IBA) to provide proton-based radiation therapy training for clinicians.
Opportunities
- Growing demand for outpatient care to boost cancer treatment using external beam radiation therapy
The three-dimensional conformal radiation therapy market for external beam radiation therapy (EBRT) will exceed USD 4.2 billion, in 2021. EBRT enables medical professionals to treat a specific part of the body. It focuses on tumours and tissues while causing no harm to other parts of the patient's body. EBRT has become one of the most widely used radiation therapies in various healthcare settings due to the growing preference for outpatient care. EBRT techniques include stereotactic radiosurgery, 3D conformal radiation therapy (3D-CRT), helical tomotherapy, IGRT, and intensity-modulated radiation therapy (IMRT).
Restraints/Challenges
- Lack of adequate healthcare infrastructure
Lack of adequate healthcare infrastructure, shortage of trained personnel and complex nature of radiotherapy are the major factors among others acting as restraints, and will further challenge the growth of three-dimensional conformal radiation therapy market in the forecast period.
This three-dimensional conformal radiation therapy market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the three-dimensional conformal radiation therapy market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on the Three-Dimensional Conformal Radiation Therapy Market
The COVID-19 pandemic had a negative impact on the market. The demand for radiotherapy equipment fell in the early stages of the pandemic due to an increased focus on treating COVID-19-affected patients. The virus's rapid spread accelerated hospitalization rates, forcing healthcare facilities to discontinue non-emergency procedures. However, radiotherapy procedures are expected to gain traction as many countries return to normalcy following the COVID-19 pandemic.
Global Three-Dimensional Conformal Radiation Therapy Market Scope
The three-dimensional conformal radiation therapy market is segmented on the basis of type, end user, procedure and product. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- External Beam Radiation Therapy
- Internal Radiation Therapy/Brachytherapy
- Systemic Radiation Therapy
End User
- Hospitals
- Clinics
- Ambulatory Surgical Centers
Procedure
- External Beam Radiotherapy
- Internal Beam Radiotherapy
Product
- Radiotherapy Devices
- Radiotherapy Consumables
- Accessories
- Software
- Services
Three-Dimensional Conformal Radiation Therapy Market Regional Analysis/Insights
The three-dimensional conformal radiation therapy market is analyzed and market size insights and trends are provided by country, type, end user, procedure and product as referenced above.
The countries covered in the three-dimensional conformal radiation therapy market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the three-dimensional conformal radiation therapy market due to advanced healthcare infrastructure, and significant R&D carried out in radiation oncology.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2023 to 2030 because of the increased healthcare expenditure.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed base and New Technology Penetration
The three-dimensional conformal radiation therapy market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for three-dimensional conformal radiation therapy market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the three-dimensional conformal radiation therapy market. The data is available for historic period 2011-2021.
Competitive Landscape and Three-Dimensional Conformal Radiation Therapy Market Share Analysis
The three-dimensional conformal radiation therapy market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to three-dimensional conformal radiation therapy market.
Some of the major players operating in the three-dimensional conformal radiation therapy market are:
- Varian Medical Systems, Inc. (U.S.)
- CIVCO Medical Solutions (U.S.)
- Brainlab AG (Germany)
- C. R. Bard, Inc. (U.S.)
- IsoRay Medical, Inc. (U.S.)
- Nordion, Inc. (Canada)
- RaySearch Laboratories (Sweden)
- Precisis GmbH (Germany)
- Mevion Medical Systems (U.S.)
- Technicas Radiofiscas S.L. (Spain)
- Hitachi, Ltd. (Japan)
- Sumitomo Heavy Industries, Ltd. (Japan)
- ProNova Solutions, LLC (U.S.)
- ProTom International (U.S.)
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