Increasing Demand for Non-Surgical & Cost Effective Oncology Treatments to Drive the Global Radiation Therapy Equipment Market

The global Radiation Therapy Equipment market is projected to reach US$10.6 billion by 2025, driven by the epidemic spread of cancer across the world, growing preference for non-surgical cancer treatment options, and increased R&D focus on the development of sophisticated, cost effective and efficient cancer treatment equipment.

Cancer has emerged as one of the most critical health issues confronting the world. As per the World Health Organization (WHO), cancer is among the leading causes of mortality as well as morbidity across the world. More than 18 million new cases of cancer are diagnosed each year, with the risk level higher among the world’s aging population. Changing lifestyles and dietary habits, physical inactivity, tobacco consumption, and environmental exposures are contributing to sustained increase in incidence of cancer not just in developed countries but also in developing economies. With cancer incidence expected to reach 25 million by 2030, there is increased demand for minimally invasive and cost efficient therapies. Radiation therapy or radiotherapy is one technique that has become an integral part of treatment for cancer patients. By using high-energy radiation from sources such as X-rays, neutrons, protons, and gamma rays, radiotherapy kills cancer-affected tissues or prevents multiplication of cancer cells in the body. Increasing preference for non-surgical techniques is a major factor promoting radiotherapy.

The global market for radiotherapy equipment and software is expected to post strong growth in the coming years, driven by the rising incidence of cancer worldwide. Developing countries with growing population and globalization of unhealthy lifestyles and inadequate healthcare infrastructure represent underserved markets with immense untapped potential for growth for   manufacturers of radiation therapy equipment. The market is benefiting from the steady pace of technological advancements and increase in cancer research funding over the years. Focus will be shed on designing equipment that aid in accurate diagnosis. Since metastasis, where cancerous cells and tumors spread to organs resulting in their failure, is the most common cause of cancer-related mortality, focus is on the development of treatments that can destroy the primary and secondary tumors known to cause metastasis.

Conventional radiotherapy systems as well as advanced procedures including Image-Guided Radiation Therapy (IGRT), Intensity-Modulated Radiation Therapy (IMRT), stereotactic radiosurgery (SRS), proton therapy and stereotactic body radiotherapy (SBRT) are gaining widespread acceptance in cancer treatment. The gradual transition from traditional technologies to highly complex treatment procedures such as 4D imaging, nanotechnology, intensity-modulated radiotherapy, particle therapy and stereotactic body radiation therapy is enabling clinicians to improve accuracy and precision of radiotherapy. Proton therapy is emerging as a promising treatment technique due to the relatively less risk associated with the procedure.

As stated by the new market research report on Radiation Therapy Equipment, the United States represents the largest market worldwide supported by a favorable multi-payer Oncology Care Model (OCM) designed to provide high quality coordinated care services and availability of advanced cancer care delivery system. Asia-Pacific is poised to grow at the fastest CAGR of 9.6% over the analysis period, driven by rising cases of cancer, steady increase in healthcare expenditure, and promising growth in medical tourism.

Major players in the market include Accuray Incorporated, BrainLab AG, Elekta AB, GE Healthcare, Hitachi America Ltd., IBA Group, Nordion Inc., Philips Healthcare, RaySearch Laboratories AB, Sumitomo Heavy Industries Ltd., and Varian Medical Systems Inc., among others.

The research report titled “Radiation Therapy Equipment – Market Analysis, Trends, and Forecasts” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Middle East & Africa and Latin America (Brazil and Rest of Latin America). The report analyzes the Radiation Therapy Equipment market by Therapy Type - External Beam Radiation Therapy, Internal Radiation Therapy and Systemic Radiation Therapy.

Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.

For enquiries e-mail us at rsd@strategyr.com or info411@strategyr.com.

For cutting edge analyst reviews on top industries, follow us on Twitter and connect with us on