250 Pages Radiotherapy Devices Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider
According to Fact MR’s recent market research, sales to Radiotherapy Devices to swell at propelled CAGR through 2031, as investment towards expansion of healthcare infrastructure continues rising. The goal of the survey is uncover growth opportunities, key trends, growth drivers, and challenges. It also provides recommendations to assist businesses in preparing for unforeseen challenges.
Focus on improving overall patient care will remain a chief growth driver. Besides this, Radiotherapy Devices market will continue gaining from increasing willingness among patients and families to spend on advanced healthcare.
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Market Snapshot
The global radiotherapy devices market reached a valuation of around US$ 5 Bn in 2020, which amounts to close to 4% share of the overall oncology devices market. Sales of radiotherapy equipment are slated to accelerate at a CAGR of 7% to top US$ 10 Bn by 2031. Demand for linear accelerator devices, which holds the highest market share, is set to increase at a CAGR of 6% across the assessment period of 2021 to 2031.
| Radiotherapy Devices Market Size in 2020 | US$ 5 Bn |
| Sales Forecast for Radiotherapy Devices by 2031 | US$ 10 Bn |
| Global Market Growth Rate (2021 to 2031) | 7% CAGR |
| Share of Top 5 Radiotherapy Device Manufacturers | 50% |
The report offers actionable and valuable market insights of Radiotherapy Devices. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Radiotherapy Devices Market across various industries and regions.
This newly published and insightful report sheds light on Market Insights of Radiotherapy Devices, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Radiotherapy Devices Market.
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Key Market Segments in Radiotherapy Devices Industry Research
· Product Type
- External Beam Radiotherapy Systems
- Linear Accelerator Devices
- Conventional Linear Accelerators (LINAC)
- Conventional Cobalt-60 Teletherapy units
- Electron-emitting High-energy Linear Accelerators
- Advanced Stereotactic Radiotherapy Units
- CyberKnife
- Gamma Knife
- TomoTherapy
- Proton Therapy Devices
- Cyclotron
- Synchrotron
- Synchrocyclotron
- Internal Beam Radiotherapy Systems
- Brachytherapy
- Electronic Brachytherapy Products
- Brachytherapy Afterloaders
- Radiotherapy Software
- Radiotherapy Treatment Planning Software
- Radiotherapy Dosage Planning Software
- Radiotherapy Patient Positioning Software
- Radiotherapy Image Guiding Software
· Procedure
- External Beam Radiotherapy
- Image-guided Radiotherapy
- Intensity-modulated Radiotherapy
- Stereotactic Therapy
- 3D conformal radiotherapy
- Internal Beam Brachytherapy
- High-dose-rate Brachytherapy
- Low-dose-rate Brachytherapy
- Pulsed-dose-rate Brachytherapy
- Systemic Radiotherapy
- Intraoperative Radiotherapy
- IORT Systems
- Intravenous Radiotherapy
- Oral Radiotherapy
- Instillation Radiotherapy
· Application
- Radiotherapy Devices for Cancer Treatment
- Advanced Radiotherapy Systems for Cancer Treatment
- External Beam Radiotherapy for Prostate Cancer
- External Beam Radiotherapy for Breast Cancer
- External Beam Radiotherapy for Lung Cancer
- External Beam Radiotherapy for Head and Neck Cancer
- External Beam Radiotherapy for Colorectal Cancer
- Internal Beam Radiotherapy for Prostate Cancer
- Internal Beam Radiotherapy for Gynecological Cancer
- Internal Beam Radiotherapy for Breast Cancer
- Internal Beam Radiotherapy for Cervical Cancer
- Internal Beam Radiotherapy for Penile Cancer
· End User
- Use of Radiotherapy Devices in Hospitals
- Use of Radiotherapy Devices in Independent Radiotherapy Centers
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Competitive Landscape
The radiation therapy devices market is highly competitive and consists of a few leading manufacturers of radiotherapy devices.
- In June 2020, Accuray announced the Cyberknife S7 system, which enables improved accuracy and real-time artificial intelligence powered motion tracking. This radiotherapy device is used to deliver treatments such as stereotactic radiosurgery, and stereotactic body radiation therapy. Cyberknife S7 system is a robotic, non-invasive radiation therapy device that can be used to treat malignant and benign tumours as well as neurologic problems across the body.
Key Projections on the Global Radiotherapy Devices Market:
- In 2017, global sales of linear accelerator devices is expected to procure nearly half of global radiotherapy devices market value. The sales of linear accelerators for radiotherapy is expected to gain steadfast traction, procuring an annual growth of more than US$ 280 Mn from 2017 to 2022.
- With soaring incidence of cancers across European countries, the healthcare infrastructure in this region is expected to remain lucrative for adoption of effective cancer therapies such as radiotherapy. The demand for radiotherapy devices is expected to gain traction in Europe owing to its advantage over other cancer therapeutic devices in terms of controlling the growth of the malignant tumors. Moreover, cancer patients are likely to remain more inclined towards radiotherapy devices that limit the hospital stay duration. According to the report, Europe will remain the largest market for radiotherapy devices throughout the forecast period.
- In North America, changing lifestyles of consumers and penetration of urban cultures is fuelling the incidence of pancreatic cancer. Radiotherapy devices are expected to remain of great use in treatment of pancreatic cancer and borderline resectable cancer. The radiotherapy devices market in North America is expected to witness robust gains throughout the forecast period.
- Manufacturers of radiotherapy devices are expected to view the Asia-Pacific excluding Japan (APEJ) region as lucrative for setting up production units. Favorable industrial regulations, low wages and high resource availability is expected to drive the growth of radiotherapy devices market in the APEJ region. The report predicts that the APEJ radiotherapy devices market is expected to grow at the fastest pace, reflecting a stellar CAGR of 11.5% through 2022.
- Towards the end of 2022, hospitals will emerge to be the largest end-users of radiotherapy devices. The demand for radiotherapy devices in oncological treatment centers is also anticipated to gain traction, procuring over one-fourth share on global market values throughout the forecast period.
The report has profiled leading manufacturers of radiotherapy devices which are expected to remain active in the expansion of global market, and these include Varian Medical Systems, RaySearch Laboratories AB, Theragenics Corp, Toshiba Medical Systems Corporation, Elekta AB, Accuray, Inc., IsoRay, Inc., GE Healthcare, Vision RT Ltd., C.R. Bard, Inc., Koninklijke Philips N.V., Siemens AG, IBA Ion Beam Applications SA, Eckert & Ziegler Bebig, Mitsubishi Electric Corporation, Shinva Medical Instrument Company Limited, Neusoft Medical Systems Co., Ltd. and AngioDynamics, Inc.
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Report Benefits & Key Questions Answered
- Radiotherapy Devices Category and segment level analysis:Fact MR provides a detailed analysis of the factors influencing sales growth across key segments. It highlights key growth drivers and provides useful information for identifying sales prospects at the regional and local level.
- Radiotherapy Devices Historical volume analysis: The report provides a comparison of Radiotherapy Devices’s historical sales and projected sales performance for 2021-2031.
- Radiotherapy Devices Manufacturing trend analysis: The report offers a detailed analysis of manufacturing trends in the Radiotherapy Devices market. It carefully gauges the impact of changing healthcare needs of key demographics globally
- Radiotherapy Devices Consumption by demographics: The report investigates consumer behavior affecting Radiotherapy Devices demand outlook for the assessment period. Effect of their keenness for digital trends on Radiotherapy Devices market is carefully analyzed
- Post COVID consumer spending on Radiotherapy Devices: Healthcare industry has been largely influenced by COVID-19 pandemic. The Fact MR Market survey analyzed consumer spending post COVID-19. It assesses how current trends that will influence expenditure on healthcare services, thus affecting Radiotherapy Devices market growth.
More Valuable Insights on Radiotherapy Devices Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Radiotherapy Devices, Sales and Demand of Radiotherapy Devices, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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