Radiotherapy market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with a CAGR of 5.7% in the forecast period of 2020 to 2027 and is expected to reach USD 8,654.95 million by 2027. Growing prevalence of cancer disease, novel technology in radiotherapy for cancer treatment, increasing adoption of radiotherapy devices and procedures and rising preference for non-surgical procedures are the major drivers which propelled the demand of the radiotherapy market in the forecast period.
Radiotherapy treatment is mainly used for the treatment of cancer disease with the use of X-rays along with similar forms of radiation technology. In the radiotherapy treatment, high-energy based radiation rays are used to damage cells causing cancer and stop them from growing and dividing. Radiotherapy treatment has numerous types of benefits to accurately and directly locate cancer wherever it might be in the body. The method and procedure of radiotherapy has been advanced in terms of launching new treatment planning software and advanced features-based therapy modalities which require highly skilled and certified professionals to easily operate these products and software.
Market Drivers and Restraints:
On the basis of type, the radiotherapy market is segmented into external-beam radiation therapy, internal radiation therapy, systemic radiotherapy/radiopharmaceuticals and others. In 2020, external-beam radiation therapy segment is expected to dominate in the radiotherapy market due to the high adoption of external-beam radiation therapy for the treatment of breast cancer, lung cancer, prostate cancer, colorectal cancer, lymphoma, liver cancer, thyroid cancer, brain cancer, cervical cancer, and spine cancer among others.
On the basis of product, the radiotherapy market is segmented into external beam radiotherapy, internal radiotherapy products, radiotherapy software and others. In 2020, external beam radiotherapy segment is expected to dominate in the radiotherapy market due to increasing demand of external-beam radiation therapy devices such as linac, proton therapy, cyber knife, gamma knife for treatment of breast cancer, lung cancer, prostate cancer, colorectal cancer, lymphoma, liver cancer, thyroid cancer, brain cancer, cervical cancer, and spine cancer among others.
On the basis of end user, the radiotherapy market is segmented into hospitals, radiation therapy centers, specialty clinics and others. In 2020, hospitals segment is expected to dominate in the radiotherapy market as the radiotherapy procedure is performed as an outpatient procedure in the hospitals that normally takes less than 60 minutes and hospitals are one of the first contact point and the most trustable option for the patients in various countries for the treatment of cancer disease.
On the basis of distribution channel, the radiotherapy market is segmented into direct tender, retail sales and others. In 2020, direct tender segment is expected to dominate in the radiotherapy market as most of the hospitals, radiation therapy centers, specialty clinics, ambulatory surgical centers and academic and research organizations prefer direct tender for seeking the benefits of bulk buying, discounts and easily availability of products.
The major players covered in the Radiotherapy Market Forecasted
The major players covered in the radiotherapy market report are Varian Medical Systems, Inc., 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 other domestic and global players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Major TOC Of The Report
Chapter One: Radiotherapy Market Forecasted Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Radiotherapy Market Competition, by Players
Chapter Four: Global Radiotherapy Market Forecasted Size by Regions
Chapter Five: North America Radiotherapy Market Forecasted Revenue by Countries
Chapter Six: Europe Radiotherapy Market Forecasted Revenue by Countries
Chapter Seven: Asia-Pacific Radiotherapy Market Forecasted Revenue by Countries
Chapter Eight: South America Radiotherapy Market Forecasted Revenue by Countries
Key Report Highlights
Comprehensive pricing analysis based on different product types and regional segments
Market size data in terms of revenue and sales volume
Deep insights about regulatory and investment scenarios of the global Radiotherapy Market Forecasted
Analysis of market effect factors and their impact on the forecast and outlook of the global Radiotherapy Market Forecasted
The detailed assessment of the vendor landscape and leading companies to help understand the level of competition in the global Radiotherapy Market Forecasted
A roadmap of growth opportunities available in the global Radiotherapy Market Forecasted with the identification of key factors
The exhaustive analysis of various trends of the global Radiotherapy Market Forecasted to help identify market developments
Key Questions Answered in Report:
What is the key to the Radiotherapy Market Forecasted ?
What will the Radiotherapy Market Forecasted Demand and what will be Growth?
What are the latest opportunities for Radiotherapy Market Forecasted in the future?
What are the strengths of the key players?
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