Radiation oncology is the medical discipline concerned with radiation prescription, as opposed to radiology, which is concerned with the use of radiation in medical imaging and diagnosis. A radiation oncologist may prescribe radiation with the purpose to cure (“curative”) or for adjuvant therapy. One of the most important cancer treatment modalities is radiation oncology, sometimes known as radiotherapy. This treatment approach employs the careful application of strong radiation beams to either kill cancer cells or alleviate cancer-related symptoms.
Radiation Oncology Market Overview:
The Radiation Oncology Market Research Report has conducted a thorough assessment of the present state, which includes definitions, classifications, applications, and the intricate structure of the industrial chain within the targeted sector. This study gives insights into the current market state, historical market performance, production and consumption rates, demand-supply dynamics, and revenue estimates for the projected term, all with unbiased and expert analysis. Notably, the report includes strategic aims and growth methods used by prominent players in this area. Mergers and acquisitions, business transactions, partnerships, collaborations, joint ventures, brand marketing, and product introductions are all part of this study. In conclusion, this study provides a thorough view of the sector’s national and regional landscape.
Key Insights:
Radiation Oncology Market Size 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.
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COVID-19 Impact on Radiation Oncology Market:
The Radiation Oncology industry has bore the brunt of the COVID-19 pandemic, with far-reaching consequences. Production facilities were halted due to disruptions and manpower shortages. This issue resulted in a severe and protracted decrease in production utilisation, which was exacerbated by travel restrictions and facility closures that kept employees away from their workplaces, slowing the Radiation Oncology market in 2020. The negative impacts of COVID-19 on this market, however, are predicted to be ephemeral, with a rapid comeback forecast by early 2021, driven by increased demand for Radiation Oncology .
Radiation Oncology Market Drivers:
The rising prevalence of cancer, the increased use of radiotherapy in cancer treatment, and technological advancements in radiotherapy equipment are all driving factors in the Radiation Oncology Market. The radiation oncology market is likely to be driven by technological improvements that improve treatment safety and efficacy. 4D radiation is a combination of 4D imaging and irradiation that allows for real-time cancer tracking and precise data on tumour size, shape, area, and volume. This combination enables physicians to deliver a conformal dose while accounting for organ, tumour, or patient movement. The rising prevalence of cancer cases worldwide is one of the primary factors driving the growth of the oncology information systems market.
Radiation Oncology Market Segmentation:
by Product & Services & Service
1. Software
1.1. Patient Information Systems
1.2. Radiology Information systems
1.3. Oncology Electronic Medical Record (EHR)
2. Laboratory Information Systems
2.1 Chemotherapy Information System
2.2 Treatment Planning Systems
2.3 Clinical Decision Support Systems
3. Radiotherapy Treatment Planning Systems
4. Brachytherapy Treatment Planning Systems
5. External Beam Radiation Therapy
5.1. Linear Accelerators (Linac)
5.2. Compact Advanced Radiotherapy Systems
5.3. Cyberknife
5.4. Gamma Knife
5.5. Tomotherapy
by Application
1. Radiation Oncology
2. Medical Oncology
3. Surgical Oncology
by End-User
1. Hospitals & Diagnostic Imaging Centers
2. Ablation Care Centers and Cancer Care Centers
3. Government Institutions
4. Research Facilities
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Key Players:
This research report provides in-depth quantitative insights on market potential across numerous categories, as well as country-specific assessments for each covered area. The report examines the key market factors and is supplemented by detailed profiles of…
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.
Regional Analysis:
The region section of the research also includes important market influencing factors and changes in market regulation that impact the market’s current and future trends. Some of the primary variables utilised to assess the market scenario for various locales are new sales, replacement sales, national demographics, regulatory acts, and import-export tariffs. Furthermore, when offering forecast analysis of national data, the existence and availability of brands, as well as the challenges they face as a result of strong or weak competition from local and domestic brands, as well as the influence of sales channels, are considered.
Table Of Content:
1. Global Radiation Oncology Market: Research Methodology
2. Global Radiation Oncology Market: Executive Summary
2.1. Market Overview and Definitions
2.1.1. Introduction to Global Radiation Oncology Market
2.2. Summary
2.2.1. Key Findings
2.2.2. Recommendations for Investors
2.2.3. Recommendations for Market Leaders
2.2.4. Recommendations for New Market Entry
3. Global Radiation Oncology Market: Competitive Analysis
3.1. MMR Competition Matrix
3.1.1. Market Structure by region
3.1.2. Competitive Benchmarking of Key Players
3.2. Consolidation in the Market
3.2.1 M&A by region
3.3. Key Developments by Companies
3.4. Market Drivers
3.5. Market Restraints
3.6. Market Opportunities
3.7. Market Challenges
3.8. Market Dynamics
3.9. PORTERS Five Forces Analysis
3.10. PESTLE
3.11. Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• The Middle East and Africa
• South America
3.12. COVID-19 Impact
Key Questions Answered in the Radiation Oncology Market Report are:
- Which segment emerged as the leading segment in the Radiation Oncology Market?
- Which are the key players in the Radiation Oncology market?
- What trends are likely to emerge in the Radiation Oncology Market in the coming years?
- What will be the Radiation Oncology market size by 2027?
- Which company held the largest share in the Radiation Oncology Market in 2020?
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