Overview and Scope
Image-guided radiation therapy (IGRT) refers to a medical technique used in the field of radiation oncology to deliver precise and targeted radiation treatment to cancerous tumors. It is used to reduce treatment toxicity and enable the safe delivery of more precise radiation doses to patients suffering from cancer.
Sizing and Forecast
The image-guided radiation therapy market size has grown strongly in recent years. It will grow from $1.78 billion in 2023 to $1.89 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to growing industrialization, quality assurance requirements, regulatory compliance, expanding infrastructure projects, globalization of supply chains..
The image-guided radiation therapy market size is expected to see steady growth in the next few years. It will grow to $2.3 billion in 2028 at a compound annual growth rate (CAGR) of 5.0%. The growth in the forecast period can be attributed to continued infrastructure development, evolving regulatory landscape, renewable energy expansion, increased focus on sustainable practices, rise in aerospace and automotive production.. Major trends in the forecast period include miniaturization and portability, advancements in x-ray tube technology, digital radiography adoption, integration of artificial intelligence (ai), customization for specific applications..
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Segmentation & Regional Insights
The image-guided radiation therapy market covered in this report is segmented –
1) By Product Type: 4D Gating And 4D RT, Linear Accelerator (LINAC), PET And MRI Guided Radiation Therapy, Portal Imaging, CT Scanning
2) By Procedure: Intensity-Modulation Radiation Therapy, 3D Conformal Radiation Therapy, Stereotactic Therapy, Proton Beam Therapy, Particle Therapy
3) By Application: Lung Cancer, Prostate Cancer, Head And Neck Cancer, Gynecological Cancer, Gastrointestinal Cancer, Other Applications
4) By End User: Hospitals, Independent Radiotherapy Centers
North America was the largest region in the image-guided radiation therapy market in 2023. The regions covered in the image-guided radiation therapy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing incidence of cancer is expected to propel the growth of the image-guided radiation therapy market going forward. Cancer refers to the uncontrolled proliferation and dissemination of abnormal cells within the body. Image-guided radiation therapy (IGRT) is used for cancer treatment due to its ability to provide precise and accurate radiation to cancer cells while minimizing damage to healthy tissue and reducing side effects. For instance, in January 2022, according to a report by the American Cancer Society, a US-based non-profit organization, the anticipated number of newly diagnosed cancer cases is around 2 million, which represents a significant increase of nearly over 10% compared to the 1.8 million new cases reported in 2021. Therefore, the increasing incidence of cancer is driving the growth of the image-guided radiation therapy market going forward.
Key Industry Players
Major companies operating in the image-guided radiation therapy market report are Hitachi Ltd., Toshiba Corporation, Siemens Healthcare GmbH, Koninklijke Philips N.V., GE Healthcare Company , Varian Medical Systems Inc., Elekta AB, Canon Medical Systems R&D (Dalian) Co. Ltd., Accuray Incorporated, Ion Beam Applications S.A., Brainlab AG, ViewRay Technologies Inc., Mevion Medical Systems Inc., RaySearch Laboratories AB, Vision RT Ltd. , Sun Nuclear Corporation, IZI Medical Products LLC, Eckert & Ziegler BEBIG GmbH, C-RAD AB, Standard Imaging Inc., CIVCO Radiotherapy Inc., IntraOp Medical Corporation, RTsafe Solutions Ltd., ASG Superconductors S.p.A., Mirada Medical Corporation, Xstrahl Ltd., Mobius Medical Systems LP, Precision X-Ray Inc., RefleXion Medical Inc., Panacea Medical Technologies Pvt. Ltd.</b
The image-guided radiation therapy market report table of contents includes:
1. Executive Summary
2. Image-Guided Radiation Therapy Market Characteristics
3. Image-Guided Radiation Therapy Market Trends And Strategies
4. Image-Guided Radiation Therapy Market – Macro Economic Scenario
5. Global Image-Guided Radiation Therapy Market Size and Growth
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32. Global Image-Guided Radiation Therapy Market Competitive Benchmarking
33. Global Image-Guided Radiation Therapy Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Image-Guided Radiation Therapy Market
35. Image-Guided Radiation Therapy Market Future Outlook and Potential Analysis
36. Appendix
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