Radiotherapy Market Size Predicted to Hit USD 11.9 Billion Globally, By 2031 at 6.3% CAGR

Radiotherapy, also known as radiation therapy, is a highly effective and widely used treatment modality in the fight against cancer. It utilizes high-energy radiation beams to target and destroy cancer cells while minimizing damage to surrounding healthy tissues. This powerful technique can be applied externally (external beam radiotherapy) or internally (brachytherapy), depending on the specific cancer type and location. The global radiotherapy market generated $6.5 billion in 2021, and is projected to reach $11.9 billion by 2031, growing at a CAGR of 6.3% from 2022 to 2031.

Radiotherapy Market in Short:

CAGR: 6.3%
Current Market Size: USD 11.9 Billion
Fastest Growing Region: APAC
Largest Market: North America
Projection Time: 2022-2031
Base Year: 2022

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Which is the leading segment among type of Radiotherapy Market?

Among type, the external beam radiotherapy segment dominated the radiotherapy market in 2021.

What are the driving factors of Radiotherapy Market in the world?

Increase in patient population with cancer, rise in adoption of radiotherapy devices and procedures, owing to surge in number of awareness campaigns are some of the major factors driving the growth of the market.

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The main goal of radiotherapy is to eradicate cancer cells and shrink tumors, either as a primary treatment or in combination with other modalities such as surgery or chemotherapy. It works by damaging the DNA of cancer cells, preventing their ability to multiply and grow. Radiotherapy is a precise and carefully planned treatment, with the radiation dose and target area tailored to the individual patient’s needs.

The advancements in radiotherapy technology have significantly improved treatment outcomes and reduced side effects. Modern techniques, such as intensity-modulated radiation therapy (IMRT), stereotactic body radiation therapy (SBRT), and proton therapy, allow for more precise targeting of tumors while sparing nearby healthy tissues. Additionally, image-guided radiation therapy (IGRT) and real-time tumor tracking techniques enhance the accuracy of treatment delivery by accounting for organ motion during treatment.

Major Key Market Players in the Industry –

• Accuray Incorporated,
• Eckert & Ziegler Group,
• Elekta AB,
• Ion Beam Applications SA,
• Becton,
• Dickinson and Company,
• ICAD INC.,
• ISORAY, INC.,
• MEVION MEDICAL SYSTEMS, INC.,
• Siemens Healthineers,
• NORDION INC.

Market: By Region Outlook

• North America (U.S., Canada, Mexico)
• Europe (UK, Germany, France, Spain, Italy, Rest of Europe)
• Asia-Pacific (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)
• LAMEA (Brazil, South Africa, Turkey, Saudi Arabia, Rest of LAMEA)

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Important Questions Being Answered by This Market Report Are –

Q1. What is the estimated industry size of Radiotherapy Market?

Q2. Which are the top companies to hold the market share in Radiotherapy Market?

Q3. Which is the leading segment among type of Radiotherapy Market?

Q4. Which is the largest regional market for Radiotherapy Market?

Key findings of the study –

Overall, radiotherapy continues to evolve as a vital component in the comprehensive treatment of cancer. The advancements in technology, treatment planning, and delivery techniques have significantly enhanced the precision, effectiveness, and safety of radiotherapy, allowing patients to benefit from more targeted and personalized cancer treatment strategies. With ongoing research and innovation, radiotherapy will continue to play a critical role in the fight against cancer, offering hope and improved survival rates for patients worldwide.

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