Radiotherapy market size is expected to reach USD 7.65 Billion by 2027, according to a new report by Emergen Research., that offers a comprehensive analysis of the Global Radiotherapy Market that offers beneficial information to the users to offer an overview of the Radiotherapy market.

Increasing technological advances in the radiotherapy is one of the factors snowballing, the market growth. For instance, Stereotactic body radiation therapy (SBRT) which differentiate between healthy cells and cancer cells and provide optimum efficacy

The growth of this market can be attributed to the increasing prevalence of cancer across the globe, rise in geriatric population, and rise in adoption of radiotherapy. The technological advancement and increasing awareness among the public have led to an increase in the number of surgical operations, which in turn is augmenting the demand for the industry.

The report covers the rapidly changing market scenario and offers an initial and future assessment of the impact of the Radiotherapy market. The research report is furnished with data validated from the experts, along with an analysis of the historical data. It also discusses growth prospects, industry facts, sales figures, distribution channels, competitive landscape analysis, market shares, gross margin, key regions, demand trends, and developments, among others.

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Some Key Highlights From the Report

• Rising technological advances and increasing prevalence of cancer many field players are engaged in investing new product development. For instance, in June 2020, a subsidiary company of the ALCEN group “PMB” launched FLASHKNiFE, the FLASH radiotherapy system used for clinical trials
• Continue increasing demand for technological advances in the market promoted several market players to develop advanced version of their product offerings. For instance, in January 2020, Elekta signed an agreement with the Institute Jules Bordet, Brussels for Elekta Unity MR-linac system, Versa H.D. linear accelerators (linacs), and to upgrade Elekta Infinity linacs. The total contract was valued at approximately USD 24.2 million. This was beneficial to provide Bordet institute advanced radiotherapy solutions.
• With the rise in the prevalence of cancer, most of the hospitals are adopting efficient products offering optimum treatment. For instance, in January 2020, Provision Healthcare launched third proton therapy center installation in Southwest Orange County, Florida. The center is expected to treat approximately 700 patients per year and will be equipped with next-generation oncology information system RayCare and treatment planning system RayStation from RaySearchHospitals and clinics are the major end-users of the market.

Major Players Profiled in the Report:

• Varian Medical Systems Inc. (U.S.)
• Elekta (Sweden)
• Accuray Incorporated (U.S.)
• Ion Beam Applications S.A. (Belgium)
• Panacea Medical Technologies Pvt. Ltd.
• ViewRay Inc. (U.S.)
• IsoRay Medical Inc. (U.S.)
• Provision Healthcare (U.S.)
• Hitachi Ltd. (Japan)
• Mevion Medical Systems Inc. (U.S.)
• Reflexion Medical (U.S.)
•  

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Continuous rising prevalence of cancer resulting, a raised demand of radiotherapy eventually promoted the market growth. According to the American Cancer Society, approximately 1,806,590 new cancer cases and 606,520 cancer deaths in the U.S. are estimated in the year 2020.

Emergen Research have segmented the global Radiotherapy Market on the basis of products, types, applications, end-users, and region:

• Products Outlook (Revenue in Million USD; 2017–2027)
  • External Beam Radiotherapy Product
    • Linear Accelerators (LINAC)
      1. Conventional LINAC
      2. Stereotactic Advanced Electron/Cobalt-60 LINAC
         1. CyberKnife
         2. Gamma Knife
         3. TomoTherapy
      3. Particle Therapy Systems
         1. Cyclotrons
         2. Synchrotrons
         3. Synchrocyclotrons
      4. Conventional Cobalt-60 Teletherapy Units
    • Internal Beam Radiotherapy/Brachytherapy Products
      1. Seeds
      2. Applicators
      3. Afterloaders
      4. Electronic Brachytherapy Products
    • Systemic Radiotherapy
      1. Iobenguane-131
      2. Samarium-153
      3. Rhenium-186
      4. Yttrium-90
      5. Radium-223
      6. Phosphorous-32
      7. Radio-Labelled Antibodies
    • Types Outlook (Revenue in Million USD; 2017–2027)
      • External Beam Radiotherapy
        1. Image-guided Radiotherapy (IGRT)
        2. Intensity-modulated Radiotherapy (IMRT)
           1. TomoTherapy
           2. Volumetric Modulated Arc Therapy (VMAT)
        3. Stereotactic Therapy
        4. 3D Conformal Radiotherapy (3D-CRT)
        5. Particle Beam Therapy (Heavy-ion and Proton Therapy)
      • Internal Beam Radiotherapy/Brachytherapy
        1. Low-dose-rate (LDR) Brachytherapy
        2. High-dose-rate (HDR) Brachytherapy
        3. Pulsed-dose-rate (PDR) Brachytherapy
      • Systemic Radiotherapy
        1. Intravenous Radiotherapy
        2. Oral Radiotherapy
        3. Instillation Radiotherapy

Global Radiotherapy Market Regional Analysis:

North America is anticipated to witness several growth opportunities leading to the increase in the level of awareness among consumers owing to the availability of a large number of research institutes, hospitals and other healthcare facilities, and also rise in the prevalence of cancer, which will significantly influence the growth of the industry.

The report also covers an in-depth analysis of the key geographical regions as well as their countries. It further covers radical insights about the key market players along with their company overview, total revenue, market share and size, price analysis, product portfolio, and strategic initiatives adopted by the companies.

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