Radiation Oncology Market was valued at US$ 7.2 Bn. in 2021 and is expected to reach at US$ 15.1 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
The market overview of the Radiation Oncology industry reveals a comprehensive analysis of its intricate dynamics. The report presents global, regional, and national market revenue forecasts, emphasizing segment and region-wise sales projections. Notably, the report highlights the intense rivalry within the industry, making it a must-read for industry players seeking to stay ahead of the competition.
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Radiation Oncology Market Report Scope and Research Methodology
The report has analysed the Radiation Oncology Market based on various factors such as region, revenue, financial status, portfolio, technological advancement, and mergers and acquisitions. The analysis has focused on both new entrants and existing players in the market to provide a comprehensive view of growth prospects and future business outlooks. The report’s goal is to act as a guide for stakeholders, investors, market players, followers, and new entrants by providing an overall view of the Radiation Oncology market to formulate investment approaches and marketing tactics.
The report has used a bottom-up approach to estimate the Radiation Oncology market size. This approach involves starting with specific data points and aggregating them to arrive at an overall market estimate. This method is useful when there is limited data available or when the market is highly fragmented. Overall, the methodology used in the report seems robust and comprehensive, providing valuable insights into the Radiation Oncology market
Radiation Oncology Market Regional Insights
The report provides an extensive analysis of the factors that drive growth, constraints, potential future opportunities, and competitive landscape across all regions. The market is segmented by region into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
Radiation Oncology Market Segmentation
Depending on Type 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 largest revenue share in 2021 because of the equipment’s relatively higher cost and substantial installed base. EBRT is the most typical form of radiation.
Considering 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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Radiation Oncology Market Key Players
• Varian Medical Systems, Inc.
• Elekta AB
• Accuray Incorporated
• Ion Beam Applications (IBA)
• C.R. BARD, INC. (BD)
• Isoray Medical
• Mevion Medical Systems, Inc.
• Nordion Inc.
• NTP Radioisotopes SOC Ltd.
• Curium Pharma
• Provision Healthcare
• BD
• Nordion (Canada) Inc.
• Panacea Medical Technologies Pvt. Ltd
• Koninklijke Philips N.V. (Netherlands),
• McKesson Corporation (US),
• Siemens Healthineers
• Epic Systems Corporation
• IBM
• Cerner Corporation
• Advanced Data Systems
• Bogardus Medical Systems, Inc
• F. Hoffmann-La Roche AG
Key questions answered in the Radiation Oncology Market are:
- What is Radiation Oncology?
- What are the factors driving the Radiation Oncology Market growth?
- What are the main challenges the Radiation Oncology Market growth?
- What was the Radiation Oncology market size in 2021?
- Which trends are expected to generate additional revenue for the Radiation Oncology market growth?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Radiation Oncology Market?
- What growth strategies are the players considering to increase their foothold in the Radiation Oncology Market?
- Who held the largest market share in the Radiation Oncology Market?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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