The Global Market for Radiotherapy Equipments is Estimated to Reach USD 11 bn by 2028

Wednesday 15 July 2020, Amsterdam

Radiotherapy usually uses ionizing radiation to control or kill malignant cells, which is part of cancer treatment. If a variety of radiation cancers are located in a certain area of ??the human body, radiation therapy can cure a variety of cancers, usually by means of linear accelerators. It is also used for adjuvant therapy to prevent the tumor from recurring after the primary malignant tumor is removed. The instruments used to promote this treatment are called radiotherapy equipment.

The main driving force of this market is the technological advancement in this field and the rising prevalence of cancer. Several conferences and symposia have been held to promote the use of radiotherapy and to promote the benefits of this radiotherapy, which is a positive impetus. The increasing popularity of particle therapy in cancer treatment is another important driving force for this market. In addition, in order to meet the growing demand for cancer treatment and improve reimbursement, the increasing investment boom by the government and private partners has opened several doors for market participants.

The report is titled "Global Radiation Therapy Equipment- Market and Technology Forecast to 2028", which is segmented according to product type, end user and region. According to the product type, the radiotherapy market is divided into external beam radiotherapy, internal beam radiotherapy/brachytherapy and whole body radiotherapy. End users divide the radiotherapy market into hospitals and independent radiotherapy centers. According to the study area, the global market is divided into North America, European Union, Asia Pacific, Middle East and other regions of the world.

It is estimated that by 2028, the global market for radiotherapy equipment will grow from US$7 billion in 2020 to US$11 billion. During the 2020-2028 forecast period, the market’s compound annual growth rate is approximately 6%. By type, the market share of external beam radiotherapy is expected to be the largest and is expected to grow at a rate of 6.2%. This increase is mainly due to the reduced risk of radiation exposure. For end users, the hospital segment is expected to account for the largest share, due to the increase in cancer incidence and the increase in the installation of advanced radiotherapy equipment.

Due to the increasing number of cancer cases in the United States and Canada, North America is expected to dominate this market. The United States is expected to maintain a growth momentum of about 5%. In addition, medical institutions that are committed to improving existing radiotherapy technologies (eg, combining image guidance and intensity-modulated radiotherapy) are increasingly investing in research, which is driving market growth.Europe is expected to have the second largest market size due to the well-developed infrastructure of the healthcare sector and the participation of major market players. Due to the increase in per capita income, the support of government regulations and the improvement of medical facilities in the sector, the Asia-Pacific region is expected to become the fastest growing segment. China is a major contributor to market revenue in the Asia-Pacific region; this figure is expected to grow at a rate of 9% during the forecast period.

Scope:
The study period of the report titled, ”Global Radiotherapy equipments - Market and Technology Forecast to 2028" ranges from 2019-2028, and the forecast period is from 2020-2028. This report is segmented based on Product Type, End-User, and Region.

Reasons to buy:

• A comprehensive analysis of all the key trends has been provided in this report so that the new players and potential competitors could gain a wide-ranging perspective of the market and its trends.
• Detailed insights about the drivers, restraints, and challenges in the Radiotherapy equipments market and their impacts have been discussed which could be of use to existing and new players. They can use this analysis to understand the changing market trends.
• Forthcoming technologies and their effects on the market have been discussed. These impacts could help people in the health care industries adapt to the changes worldwide.
• The existing players in the market could discover new opportunities with the help of this report.
• The sales teams engaging in the Radiotherapy Equipments market could use this report to develop new strategies to approach their clients with respect to the expanding end-user base.