The global radiation therapy in oncology market size is expected to reach USD 8.86 Billion at a revenue CAGR of 5.08% in 2030, according to latest analysis by Emergen Research. Steady market revenue growth can be attributed to increasing prevalence of cancer and increasing adoption of radiation therapy procedures in hospitals, clinics, and other medical centers.Estimates from the World Health Organization (WHO) indicate that approximately 10 million deaths occurred globally due to cancer in 2020, with lung cancer accounting for over 1.5 million deaths. Rising incidence rate is expected to increase adoption of radiation therapy procedures in medical sector globally and support market revenue growth.
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The study will prove useful for leading companies looking to find new sources of income by helping them to understand the market and its underlying dynamics. It will also be useful for businesses looking to expand into new markets or diversify their current operations.
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An Emergen Research report of 250 pages contains 194 tables, 189 charts and graphics, and anyone who needs a comprehensive analysis of the global Radiation Therapy in Oncology Market , as well as commercial, in-depth analyses of the individual segments, will find the study useful. Our recent study allows you to assess the entire regional and global market for Radiation Therapy in Oncology Market . In order to increase market share, obtain financial analysis of each segment and the whole market. Look at how you can utilize the current and potential revenue-generating opportunities available in this sector. We believe that there are significant prospects for energy storage technology in this industry due to the rapid expansion of the technology. In addition to helping you build growth strategies, improve competitor analysis, and increase business productivity, the research will also assist you in making better strategic decisions.
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Some Key Highlights From the Report :
Among the type segments, internal beam radiation therapy segment is expected to register rapid revenue CAGR over forecast period. Internal beam radiation therapy provides a concentrated radiation dose to tumor site instantly after removal of tumor, enabling destruction of leftover microscopic tumor cells. While performing internal beam radiation therapy, radiation oncologists administer an accurate radiation dose to safeguard healthy tissues, including skin, from any damage. This therapy helps in lessening requirement for additional radiation therapy.
Based on technology, image guided radiotherapy segment accounted for a significantly large revenue share in 2021. Image-guided radiation therapy integrates imaging procedures during each treatment session and deploys high-energy radiation beams to combat cancer and noncancerous tumors. Incorporation of detailed images enables image guided radiation therapy to reduce the focus area of radiation beam. Benefits of image guided radiotherapy comprises precise delivery of radiation, better definition, monitoring, and localization of tumor size, shape, and location prior to and during treatment.
Among the application segments, breast cancer segment accounted for considerably large revenue share in 2021. High incidence and mortality rate of breast cancer are driving adoption of radiation therapeutic methods in medical centers. According to the American Cancer Society, breast cancer accounts for approximately 30% of all cancers in women in the U.S.
Competition in the Radiation Therapy in Oncology Market :
The Radiation Therapy in Oncology Market report contains information on leading vendors’ product launches, sustainability, and prospects, such as: Key players in the market include Elekta AB, Isoray Medical, Nordion Inc., Varian Medical Systems Inc., NTP Radioisotopes SOC Ltd., Accuracy Inc., Viewray Technologies Inc., Mevion Medical Systems Inc., C. R. Bard Inc., and Curium Pharma.
You need to discover how this will impact the Radiation Therapy in Oncology Market today, and over the next 10 years:
- Our 250-page report provides 194 tables and 189 charts/graphs exclusively to you.
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- It contains in-depth analysis of global, regional and national sales and growth.
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This report tells you Today how the Radiation Therapy in Oncology Market will develop in the next 10 years, and in line with the variations in COVID-19 economic recession and bounce. This market is more critical now than at any point over the last 10 years.
Emergen Research has segmented the global radiation therapy in oncology market on the basis of type, technology, application, and region:
- Type Outlook (Revenue, USD Billion; 2022–2030)
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- Internal Beam Radiation Therapy
- External Beam Radiation Therapy
- Technology Outlook (Revenue, USD Billion; 2022–2030)
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- Image Guided Radiotherapy
- Stereotactic Technology
- Proton Beam Therapy
- Intensity Modulated Radiotherapy
- 3D Conformal Radiotherapy
- Brachytherapy
- Others
- Application Outlook (Revenue, USD Billion; 2022–2030)
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- Breast Cancer
- Lung Cancer
- Prostate Cancer
- Cervical Cancer
- Colorectal Cancer
- Others
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Global Radiation Therapy in Oncology Market has been classified into the subsequent geographical segments:
North America (U.S., Canada, Mexico)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
What Questions Should You Ask before Buying a Market Research Report?
- How is the Radiation Therapy in Oncology Market evolving?
- What is driving and restraining the Radiation Therapy in Oncology Market ?
- How will each Radiation Therapy in Oncology Market submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2030?
- How will the market shares for each Radiation Therapy in Oncology Market submarket develop from 2022 to 2030?
- What will be the main driver for the overall market from 2022 to 2030?
- Will leading Radiation Therapy in Oncology Market s broadly follow the macroeconomic dynamics, or will individual national markets outperform others?
- How will the market shares of the national markets change by 2030 and which geographical region will lead the market in 2030?
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