Radiation Therapy Market Outlook, Analysis, Sales Volume Forecast 2022-2031

The global radiation therapy market is expected to reach US$10.11 billion in 2024, witnessing growth at a CAGR of 3.38%, over the period 2022-2031.

With COVID-19 resulting in the economic fallout, numerous economies are working on game-changing improvements to protect their employees and clients. While focusing on the ongoing challenges, the leaders are embracing new plans in order to manage and stay afloat in this competitive environment. 

The global radiation therapy market is expected to reach US$10.11 billion in 2024, witnessing growth at a CAGR of 3.38%, over the period 2022-2031. Factors such as surging incidence of cancer cases, rising healthcare expenditure, upsurge in economic growth, growing aging population and expanding urbanization are expected to drive the market. The growth of the market would be challenged by severe side effects of the therapy and stringent regulations and barriers to implementation. A few notable trends may include increasing public awareness, rising preference towards non invasive procedures and advancements in technology.

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The Final Report will cover the impact analysis of COVID-19 on this industry: Global Radiation Therapy Market|Updates and Key-Players Strategies | With Growth, Forthcoming, Business Prospects and Industry Updates Forecast (Trending Report With Imact of Covid19)

The global radiation therapy market can be categorized into external beam radiation therapy, internal beam radiation therapy and others (systemic radiotherapy) on the basis of type. Further, the external beam radiation therapy market is segmented on the basis of type and devices. Depending upon the type, the global external beam radiation therapy market can be categorized into following categories: Intensity-Modulated Radiation Therapy (IMRT), Image-Guided Radiation Therapy (IGRT), Tomotherapy, Stereotactic Radiosurgery, Stereotactic Body Radiation Therapy and Proton Therapy. Whereas, on the basis of devices, the global external beam radiation therapy market can be segmented into three categories, named as, LINAC (Linear Accelerators), proton beam therapy devices and compact advanced therapy devices.

The fastest growing regional market is North America due to continuous inclination to the usage of novel technologies, rising disposable income and healthcare expenditure in the region and rising awareness about procedures and sophisticated diagnostic techniques. Europe represents the second largest radiation therapy market and is already well-penetrated at developed market levels.

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The Final Report will cover the impact analysis of COVID-19 on this industry: Global Radiation Therapy Market|Updates and Key-Players Strategies | With Growth, Forthcoming, Business Prospects and Industry Updates Forecast  (Trending Report With Imact of Covid19)

Scope of the report:

• The report provides a comprehensive analysis of the global radiation therapy market segmented on the basis of type.
• The major regional and country markets (North America, Europe, Asia Pacific, Latin America and Rest of the World) have been analyzed.
• The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
• The competitive landscape of the market, along with the company profiles of leading players (Ion Beam Applications SA, Varian Medical Systems, Inc., Accuray Inc., Elekta AB, ViewRay, Inc. and Hitachi Ltd.) are also presented in detail.

Key Target Audience:

• Radiation Therapy Equipment Manufacturers
• Radiation Therapy Service/Equipment Providers and Distributors
• End Users (Hospitals, Cancer Research Institutes and Ambulatory & Radiotherapy Centers)
• Government Bodies & Regulating Authorities

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.

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