The Radiotherapy Devices Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Radiotherapy Devices Global Market Report 2024, The radiotherapy devices market size has grown rapidly in recent years. It will grow from $5.71 billion in 2023 to $6.29 billion in 2024 at a compound annual growth rate (CAGR) of 10.3%. The growth in the historic period can be attributed to growing incidence of cancer, patient-centric care, aging population, increasing awareness of radiotherapy devices, growing teletherapy and remote monitoring.
The radiotherapy devices market size is expected to see strong growth in the next few years. It will grow to $8.98 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to proton therapy expansion, immunotherapy combination, remote monitoring and teletherapy, growing demand for precise and targeted radiation treatments, minimally invasive radiotherapy techniques. Major trends in the forecast period include proton therapy advancements, hypofractionated radiotherapy, adaptive radiotherapy, patient experience enhancement, artificial intelligence (ai) integration, .
The increasing cancer prevalence is expected to propel the growth of the radiotherapy devices market going forward. Cancer prevalence refers to the total number or percentage of individuals in a population who have been diagnosed with cancer at a particular point in time or over a specific period. Radiotherapy is commonly used as a primary or adjunctive treatment for cancer patients who have been newly diagnosed. It is often employed to shrink tumors, control cancer growth, or eliminate cancer cells before or after surgery. For instance, in February 2023, according to the House of Commons Library, a UK-based government body, cancer claimed the lives of 134,802 persons in England in 2021. Therefore, the increasing cancer prevalence is driving the growth of the radiotherapy devices market.
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The radiotherapy devices market covered in this report is segmented –
1) By Product Type: External Beam Radiation Therapy Devices; Linear Accelerator Devices; Proton Therapy Devices
2) By Application: Skin Cancer; Breast Cancer; Prostate Cancer; Cervical Cancer; Lung Cancer; Other Applications
3) By End Users: Hospitals; Ambulatory Surgical Centers; Oncological Treatment Centers
The radiotherapy devices market report table of contents includes:
- Executive Summary
- Radiotherapy Devices Market Characteristics
- Radiotherapy Devices Market Trends And Strategies
- Radiotherapy Devices Market – Macro Economic Scenario
- Global Radiotherapy Devices Market Size and Growth
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- Global Radiotherapy Devices Market Competitive Benchmarking
- Global Radiotherapy Devices Market Competitive Dashboard
- Key Mergers And Acquisitions In The Radiotherapy Devices Market
- Radiotherapy Devices Market Future Outlook and Potential Analysis
- Appendix
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