Radiation Oncology Market: was valued at US$ 8.00 Bn. in 2022 and is expected to reach at US$ 16.78 Bn. in 2029. Global Radiation Oncology Market size is expected to grow at a CAGR of 11.16% through the forecast period.
Radiation Oncology Market Overview:
Maximize Market Research’s new report, Global Radiation Oncology Market 2022-2029, is useful for understanding the market’s competitors. The research provides a broad and basic examination of the market, including an examination of subjective factors that might provide readers with vital business insights. The research provides a market overview that explains the value chain structure, geographical analysis, applications, market size, and forecast (2022-2029). The research will serve as a vehicle for a more accurate assessment of the current and future conditions of the worldwide Radiation Oncology market.
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Market Scope:
The research provides an analytical view of the business by studying several elements such as worldwide Radiation Oncology market growth, consumption volume, market trends, and company pricing structures throughout the projected period. The analysis includes extensive research to explore the market’s complexities. The research provides an overview of the worldwide Radiation Oncology market, including market characteristics, market segmentation analysis, market size, customer landscape, and geographical landscape. The study considers growth drivers, current trends, advancements, prospects, and the competitive environment in its research. This market has been examined in several areas based on productivity and manufacturing base.
Segmentation:
Radiation Oncology Market, By Product & Services (2022-2029)
• Software
o Patient Information Systems
o Radiology Information systems
o Oncology Electronic Medical Record (EHR)
• Laboratory Information Systems
o Chemotherapy Information System
o Treatment Planning Systems
o Clinical Decision Support Systems
• Radiotherapy Treatment Planning Systems
• Brachytherapy Treatment Planning Systems
• External Beam Radiation Therapy
o Linear Accelerators (Linac)
o Compact Advanced Radiotherapy Systems
o Cyberknife
o Gamma Knife
o Tomotherapy
The software is anticipated to experience the greatest CAGR of % among all products throughout the projection period. The large market share of this industry sector is primarily explained by the growing need to reduce the costs of oncology care, which are continuing to rise, and to enhance the effectiveness of oncology care services by lowering medical errors. Any cancer information system must have software since it serves as the interface between the database and the end user.
The Radiation Oncology Market is expanding with the help of the External Beam Radiation Therapy sector. External Beam Radiation Therapy (EBRT) dominated the market for radiation oncology and accounted for the highest revenue share of % because of the equipment’s relatively higher cost and substantial installed base.
Radiation Oncology Market, By Application (2022-2029)
• Radiation Oncology
• Medical Oncology
• Surgical Oncology
Radiation Oncology Market, By End Users (2022-2029)
• Hospitals & Diagnostic Imaging Centers
• Ablation Care Centers and Cancer Care Centers
• Government Institutions
• Research Facilities
With a % market share in 2022, the Hospitals & Diagnostic Imaging Centres segment is the market leader in terms of end-users. Increasing government initiatives aimed at providing (or upgrading) hospitals with newer and more sophisticated systems are some of the factors contributing to the growth of this market. Others include the large amount of data generated during the diagnosis and treatment of cancer and the significant number of patient submissions and visits each year worldwide. The Hospitals & Diagnostic Imaging Centres sector drove the expansion of the Global Radiation Oncology Market because of the large number of hospitals, medical centres, and research institutions that offer patients access to radiotherapy.
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Key Players:
It then discusses the top competitors in the worldwide Radiation Oncology market, as well as emerging players, in detail, including market share based on revenue, demand, high-quality product makers, sales, and service providers. In addition, the research assesses capacity utilization, raw material sources, import-export, the value chain, price structure, and the industrial supply chain. The following players are featured in this report:
1. Varian Medical Systems, Inc.
2. Elekta AB
3. Accuray Incorporated
4. Ion Beam Applications (IBA)
5. C.R. BARD, INC. (BD)
6. Isoray Medical
7. Mevion Medical Systems, Inc.
8. Nordion Inc.
9. NTP Radioisotopes SOC Ltd.
10. Curium Pharma
11. Provision Healthcare
12. BD
13. Nordion (Canada) Inc.
14. Panacea Medical Technologies Pvt. Ltd
15. Koninklijke Philips N.V. (Netherlands),
16. McKesson Corporation (US),
17. Siemens Healthineers
18. Epic Systems Corporation
19. IBM
20. Cerner Corporation
21. Advanced Data Systems
22. Bogardus Medical Systems, Inc
23. F. Hoffmann-La Roche AG
24. Altai Oncology, LLC.
25. GE Healthcare
26. OPTUM (a part of UnitedHealth Group)
27. Allscripts Healthcare Solutions, Inc.
28. MICA Information Systems, Inc.
29. CureMD Healthcare
30. EndoSoft LLC
31. MIM Software Inc.
32. RaySearch Laboratories AB.
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Regional Analysis:
The report has analyzed the global Radiation Oncology market in the following regions:
- America, North (the United States, Canada, and Mexico)
- European Union (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
- Asia-Pacific region (China, Japan, Korea, India, Southeast Asia, and Australia)
- Latin America (Brazil, Argentina, Colombia, and Rest of South America)
- Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa, and Rest of the Middle East & Africa)
The research provides comprehensive insights into numerous development opportunities and challenges in the regions mentioned above based on various types of goods, applications, end-users, and countries, among others. The research also includes key features of the worldwide Radiation Oncology market, such as sales growth, product price and analysis, growth potential, and suggestions for tackling market issues in the given regions.
COVID-19 Impact Analysis on Radiation Oncology Market:
COVID-19 is an unprecedented worldwide public health emergency that has impacted practically every business, and the long-term impacts are expected to have an influence on industry growth throughout the projection period. Our continuing study expands our research methodology to include fundamental COVID-19 concerns and potential next steps. The research provides insights on COVID-19 by taking into account changes in consumer behavior and demand, purchasing patterns, supply chain re-routing, the dynamics of contemporary market forces, and substantial government initiatives. The revised report contains insights, analysis, projections, and predictions based on the influence of COVID-19 on the market.
Key Questions Answered in the Radiation Oncology Market Report are:
- Which are the major companies in the Radiation Oncology market?
- Which is the potential market for Radiation Oncology in terms of the region?
- Which application area of Radiation Oncology is expected to grow at a significant rate in the market in the next 5 years?
- What are the opportunities for new market entrants?
- What will be the Radiation Oncology market size by 2027?
- What are the growth prospects for the Radiation Oncology market?
- What is the base year considered in the Radiation Oncology market report?
- Which region holds the largest market share in the Radiation Oncology market?
- What factors are anticipated to drive the Radiation Oncology market?
