The estimated global market size for The estimated global market size for Radiation Therapy Equipment is over US$ 5,913 million in 2019, demonstrating a steady CAGR of 6.1% between 2019 and 2028. The industry is characterized by a high level of consolidation, with major players commanding three-quarters of the market share. Recent trends indicate companies redirecting efforts to enhance sales presence and establish partnerships with third-party suppliers to reduce costs. Anticipated industry competition will intensify as players increasingly adopt inorganic growth strategies.
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The escalating prevalence of chronic illnesses, coupled with the demand for early diagnosis and effective treatment, is expected to drive the sales of radiation therapy equipment. The World Cancer Research Fund reports that over 17 million new cancer cases were diagnosed in 2018, a number rapidly increasing due to sedentary lifestyles. The growing demand for efficient treatment is set to boost equipment sales.
Technological advancements will be pivotal in driving sales, with consumers gravitating towards personalized solutions. Future strategic trends are expected to revolve around equipment design, central to strengthening market presence.
Global Radiation Therapy Equipment Market Size, Segment Analysis:
Therapy:
External Beam Radiation Therapy
Internal Beam Radiation Therapy
Systematic Radiation Therapy
Among these, systematic beam radiation therapy held the highest share in 2018, while external radiation therapy is projected to register the fastest growth during the forecast period.
Equipment:
Radiosurgery
Proton Therapy
Brachytherapy
Adaptive Radiotherapy
Intra-operative Radiotherapy (IORT)
Molecular Radiotherapy
End-use:
Hospitals
Specialty Clinics
Diagnostic Centers
Ambulatory Surgical Centers
Hospitals accounted for 61% of total sales, with the majority of procedures conducted in these settings.
Global Radiation Therapy Equipment Market Size, Regional Analysis:
North America dominated radiation therapy equipment sales, credited to well-established healthcare infrastructure, favorable reimbursement policies, and a rising number of chronic illness cases. On the supply side, companies primarily operate through direct distribution channels, establish long-term partnerships with end-use clients, and focus on product-level innovation. Western Europe closely followed North America, accounting for 31% of global radiation therapy equipment sales in 2018, with Germany leading in sales, followed by the UK and France.
Global Radiation Therapy Equipment Market Size, Competition Landscape:
Key Industry Players:
GE Healthcare
Accuray Incorporated
Elekta AB
Varian Medical Systems Inc.
Sumitomo Heavy Industries Ltd.
Hitachi America Ltd.
RaySearch Laboratories AB
IBA Group
Philips Healthcare
BrainLab AG
Nordion Inc.
Research Scope:
By Therapy Type:
External Beam Radiation Therapy
Internal Beam Radiation Therapy
Systematic Radiation Therapy
By Equipment Type:
Radiosurgery
Proton Therapy
Brachytherapy
Adaptive Radiotherapy
Intra-operative Radiotherapy (IORT)
Molecular Radiotherapy
By End-use:
Hospitals
Specialized Clinics
Diagnostic Centers
Ambulatory Surgical Centers
is over US$ 5,913 million in 2019, demonstrating a steady CAGR of 6.1% between 2019 and 2028. The industry is characterized by a high level of consolidation, with major players commanding three-quarters of the market share. Recent trends indicate companies redirecting efforts to enhance sales presence and establish partnerships with third-party suppliers to reduce costs. Anticipated industry competition will intensify as players increasingly adopt inorganic growth strategies.
The escalating prevalence of chronic illnesses, coupled with the demand for early diagnosis and effective treatment, is expected to drive the sales of radiation therapy equipment. The World Cancer Research Fund reports that over 17 million new cancer cases were diagnosed in 2018, a number rapidly increasing due to sedentary lifestyles. The growing demand for efficient treatment is set to boost equipment sales.
Technological advancements will be pivotal in driving sales, with consumers gravitating towards personalized solutions. Future strategic trends are expected to revolve around equipment design, central to strengthening market presence.
Global Radiation Therapy Equipment Market Size, Segment Analysis:
Therapy:
External Beam Radiation Therapy
Internal Beam Radiation Therapy
Systematic Radiation Therapy
Among these, systematic beam radiation therapy held the highest share in 2018, while external radiation therapy is projected to register the fastest growth during the forecast period.
Equipment:
Radiosurgery
Proton Therapy
Brachytherapy
Adaptive Radiotherapy
Intra-operative Radiotherapy (IORT)
Molecular Radiotherapy
End-use:
Hospitals
Specialty Clinics
Diagnostic Centers
Ambulatory Surgical Centers
Hospitals accounted for 61% of total sales, with the majority of procedures conducted in these settings.
Global Radiation Therapy Equipment Market Size, Regional Analysis:
North America dominated radiation therapy equipment sales, credited to well-established healthcare infrastructure, favorable reimbursement policies, and a rising number of chronic illness cases. On the supply side, companies primarily operate through direct distribution channels, establish long-term partnerships with end-use clients, and focus on product-level innovation. Western Europe closely followed North America, accounting for 31% of global radiation therapy equipment sales in 2018, with Germany leading in sales, followed by the UK and France.
Global Radiation Therapy Equipment Market Size, Competition Landscape:
Key Industry Players:
GE Healthcare
Accuray Incorporated
Elekta AB
Varian Medical Systems Inc.
Sumitomo Heavy Industries Ltd.
Hitachi America Ltd.
RaySearch Laboratories AB
IBA Group
Philips Healthcare
BrainLab AG
Nordion Inc.
Research Scope:
By Therapy Type:
External Beam Radiation Therapy
Internal Beam Radiation Therapy
Systematic Radiation Therapy
By Equipment Type:
Radiosurgery
Proton Therapy
Brachytherapy
Adaptive Radiotherapy
Intra-operative Radiotherapy (IORT)
Molecular Radiotherapy
By End-use:
Hospitals
Specialized Clinics
Diagnostic Centers
Ambulatory Surgical Centers
