Radiation Therapy Equipment Market size worth $ 5.09 Billion, Globally, by 2028 at 6.9% CAGR: Verified Market Research®

JERSEY CITY, N.J., Nov. 17, 2021 /PRNewswire/ --Verified Market Research recently published a report, "Radiation Therapy Equipment Market" By Type (Internal Beam Radiation Therapy, External Beam Radiation Therapy, Systemic Beam Radiation Therapy), By End-Use (Hospitals, Clinics), and By Geography. According to Verified Market Research, the Global Radiation Therapy Equipment Market size was valued at USD 2.76 Billion in 2020 and is projected to reach USD 5.09 Billion by 2028, growing at a CAGR of 6.9% from 2021 to 2028.

Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample/?rid=54589

Browse in-depth TOC on "Radiation Therapy Equipment Market"

202 - Pages
126 – Tables
37 – Figures

Global Radiation Therapy Equipment Market Overview

Rising demand for the adoption of faster and non-surgical approaches, increasing demand from cancer hospitals, and a growing number of manufacturers are boosting the market growth. Moreover, the partnerships of equipment providers with the healthcare sector are likely to fuel the revenue of this market. The radiotherapy devices market has seen significant technological advancements. These advancements have helped in the development of low-cost, more effective, and easy-to-use radiotherapy products with improved and precise radiation dose delivery to offer increased efficiency in targeting tumors.

The advancement from 2D to 3D conformal radiotherapy with real-time imaging has enabled high conformity of radiation to the target and dose escalation with improved tumor control. Products that provide these benefits are projected to have a very high growth potential in a short time span, especially in mature markets where the adoption rate of technologically advanced products is high. However, the high cost of these equipment and stringent regulations laid by governments is likely to hamper this market. Furthermore, Radiotherapy devices are larger in size and require ample space for installation.

As a result, in emerging and underdeveloped economies, the lack of adequate healthcare infrastructure due to limited healthcare expenditure is one of the major factors restraining the adoption of radiotherapy systems. Currently, only a limited number of healthcare institutions in underdeveloped and developing countries are capable of using advanced radiotherapy systems for cancer treatment. This, in turn, is limiting the number of radiotherapy procedures in spite of their high demand.

Key Developments

• In November 2020, Elekta AB (Sweden) received a CE Mark for the Elekta Harmony linear accelerator, clearing the technology for commercial sales in Europe.
• In April 2020, Elekta AB (Sweden) launched Geneva, the first universal gynecological applicator for brachytherapy. Geneva applicator is CE-marked and has received US FDA 510(k) clearance. It is used for cervical cancer up to stage IIB.
• In June 2020, Accuray Incorporated (US) launched the CyberKnife S7 System, an innovative device combining speed, advanced precision, and real-time AI-driven motion tracking and synchronization treatment delivery for all stereotactic radiosurgery (SRS) and stereotactic body radiation therapy (SBRT) treatments

Key Players

The major players in the market are Accuray Inc., BrainLab AG, Elekta AB, GE Healthcare, Hitachi America Ltd., IBA Group, Nordion Inc., Philips Healthcare, RaySearch Laboratories AB, Sumitomo Heavy Industries Ltd.

Verified Market Research has segmented the Global Radiation Therapy Equipment Market On the basis of Type, End-Use, and Geography.

• Radiation Therapy Equipment Market, By Type
• Internal Beam Radiation Therapy
• External Beam Radiation Therapy
• Systemic Beam Radiation Therapy
• Radiation Therapy Equipment Market, By End-Use
• Hospitals
• Clinics
• Others
• Radiation Therapy Equipment Market by Geography
• North America
• U.S
• Canada
• Mexico
• Europe
• Germany
• France
• U.K
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• Rest of Asia Pacific
• ROW
• Middle East & Africa
• Latin America

Browse Related Reports:

Bile Duct Cancer Market By Treatment Type (Surgery, Chemotherapy, Radiation Therapy), By Cancer Type (Intrahepatic Bile Duct Cancer, Extrahepatic Bile Duct Cancer), By End-User (Hospital and Clinics, Academic Institutes), By Geography, Forecast, 2021-2028

Cancer Therapeutics Market By Application (Blood Cancer, Lung Cancer, Colorectal Cancer, Prostate Cancer), By Therapy (Chemotherapy, Targeted Therapy, Immunotherapy, Hormonal Therapy), By End User (Hospitals, Specialty Clinics, and Cancer & Radiation Therapy Centre), By Geography, Forecast, 2021-2028

Radiation Dose Management Market By Products And Services (Radiation Dose Management solutions, Radiation Dose Management services), By End-User (Hospitals, Ambulatory Care Settings), By Modality (Computed Tomography, Fluoroscopy and Interventional Imaging), By Geography, Forecast, 2021-2028

Oncology Information System Market By Products And Services (Software, Professional Services), By Application (Medical, Surgical, Radiation), By End User (Hospitals & Physician's Offices, Government Institutions, Research Centers), By Geography, Forecast, 2021-2028

Top 9 Cancer Immunotherapy Companies supporting infirmaries to fight against cancer

Visualize Radiation Therapy Equipment Market using Verified Market Intelligence:-:

Verified Market Intelligence is our BI Enabled Platform for narrative storytelling of this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue impacting decisions for a brilliant future.

VMI provides a holistic overview and global competitive landscape with respect to Region, Country, and Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.

About Us

Verified Market Research is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research provides advanced analytical research solutions while offering information enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.

Our 250 Analysts and SME's offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.

We study 14+ categories from Semiconductor & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & construction, Agriculture industry and Medical Devices from over 100 countries.

Contact Us

Mr. Edwyne Fernandes
Verified Market Research®
US: +1 (650)-781-4080
UK: +44 (753)-715-0008
APAC: +61 (488)-85-9400
US Toll Free: +1 (800)-782-1768
Email: [email protected]
Web: https://www.verifiedmarketresearch.com/
Follow Us: LinkedIn | Twitter

SOURCE Verified Market Research