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Radiotherapy Market Share

Report ID: GMI3539
Published Date: Aug 2024
Report Format: PDF

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Radiotherapy Market Share

The radiotherapy sector is competitive in nature, with a mix of major global and smaller to medium-sized companies competing for market share. A pivotal aspect of market strategy involves the continual introduction of innovations such as proton therapy, intensity-modulated radiation therapy (IMRT), stereotactic body radiotherapy (SBRT), image-guided radiotherapy (IGRT), and adaptive radiotherapy. Notably, prominent industry players command considerable influence in this dynamic landscape, often driving forward advancements through substantial investments in research and development. Additionally, strategic alliances, acquisitions, and mergers are instrumental in fortifying market positions and expanding global footprint amidst evolving regulatory landscapes.

Radiotherapy Market Companies

Some of the eminent market participants operating in the radiotherapy industry include:

Accuray Incorporated
Brainlab AG
Curium
Canon Medical Systems Corporation
Elekta AB
Hitachi High-Tech Corporation
IBA Radiopharma Solutions
Isoray Inc.
Mevion Medical Systems
Mitsubishi Electric Corporation
Nordion, Inc.
NTP Radioisotopes SOC Ltd.
RefleXion
Toshiba Energy Systems & Solutions Corporation
Varian Medical Systems, Inc.

Authors: Mariam Faizullabhoy , Gauri Wani

Frequently Asked Questions (FAQ) :

The radiotherapy market size was valued at around USD 7 billion in 2023 and is estimated to record 5.7% CAGR from 2024 to 2032 owing to the increasing number of cancer cases globally.

The breast cancer segment in the market generated USD 2 billion in 2023 due to enhanced effectiveness, reduced side effects, and improving patient outcomes.

North America radiotherapy market is forecast to reach USD 4.1 billion by 2032 owing to the adoption of advanced medical technologies like proton therapy and state-of-the-art linear accelerators.

Accuray Incorporated, Brainlab AG, Curium, Canon Medical Systems Corporation, Elekta AB, Hitachi High-Tech Corporation, IBA Radiopharma Solutions, Isoray Inc., and Mevion Medical Systems among others.