Radiation Therapy Equipment Market by Type (External Beam Radiation Therapy, Internal Beam Radiation Therapy), Equipment (Caesium-137 Therapy Units, Cobalt-60 Units, Conventional Brachytherapy Units), Application, End-User - Global Forecast 2023-2030
The Radiation Therapy Equipment Market size was estimated at USD 7.27 billion in 2022 and expected to reach USD 7.76 billion in 2023, at a CAGR 7.05% to reach USD 12.55 billion by 2030.
Market Segmentation & Coverage:This research report analyzes various sub-markets, forecasts revenues, and examines emerging trends in each category to provide a comprehensive outlook on the Radiation Therapy Equipment Market.
- Based on Type, market is studied across External Beam Radiation Therapy and Internal Beam Radiation Therapy. The External Beam Radiation Therapy is further studied across 3D-CRT, Image-Guided Radiation Therapy (IGRT), Intensity Modulated Radiation Therapy (IMRT), Proton Beam Therapy, and Stereotactic Radiation Therapy (SRT). The Internal Beam Radiation Therapy is further studied across Permanent Implants and Temporary Internal Radiation Therapy. The External Beam Radiation Therapy commanded largest market share of 49.67% in 2022, followed by Internal Beam Radiation Therapy.
- Based on Equipment, market is studied across Caesium-137 Therapy Units, Cobalt-60 Units, Conventional Brachytherapy Units, High Dose & Low Dose Rate Brachytherapy Units, Linear Accelerators, and Orthovoltage X-Ray Units. The Linear Accelerators commanded largest market share of 23.56% in 2022, followed by High Dose & Low Dose Rate Brachytherapy Units.
- Based on Application, market is studied across Blood Cancer, Breast Cancer, Gastrointestinal Cancer, Prostate Cancer, Respiratory & Lung Cancer, and Skin Cancer. The Gastrointestinal Cancer commanded largest market share of 21.21% in 2022, followed by Breast Cancer.
- Based on End-User, market is studied across Hospitals and Specialty Clinics. The Hospitals commanded largest market share of 61.53% in 2022, followed by Specialty Clinics.
- Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 37.87% in 2022, followed by Americas.
Market Statistics:The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.
FPNV Positioning Matrix:The FPNV Positioning Matrix is an indispensable tool for assessing the Radiation Therapy Equipment Market. It comprehensively evaluates vendors, analyzing key metrics related to Business Strategy and Product Satisfaction. This enables users to make informed decisions tailored to their specific needs. Through advanced analysis, vendors are categorized into four distinct quadrants, each representing a different level of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V). Be assured that this insightful framework empowers decision-makers to navigate the market with confidence.
Market Share Analysis:The Market Share Analysis offers invaluable insights into the vendor landscape Radiation Therapy Equipment Market. By evaluating their impact on overall revenue, customer base, and other key metrics, we provide companies with a comprehensive understanding of their performance and the competitive environment they confront. This analysis also uncovers the level of competition in terms of market share acquisition, fragmentation, dominance, and industry consolidation during the study period.
Key Company Profiles:The report delves into recent significant developments in the Radiation Therapy Equipment Market, highlighting leading vendors and their innovative profiles. These include Accuray Incorporated, Allengers Medical Systems Ltd, BEBIG Medical GmbH, Bionix LLC, BrainLab AG, Canon Inc., Carl Zeiss AG, Eckert and Ziegler AG, Elekta AB, GE Healthcare, Hitachi, Ltd., Hologic Inc., IntraOp Medical Corp., Ion Beam Applications S.A., Isoray Inc., Klarity Medical & Equipment (GZ) Co., Ltd., Koninklijke Philips N.V., Mevion Medical Systems, Inc., MinXray, Inc., Mitsubishi Heavy Industries, Ltd., Nordion by Sotera Health LLC, Precision X-Ray, Inc., PTW Freiburg GmbH, RefleXion Medical, Inc., Stryker Corporation, Sumitomo Heavy Industries, Ltd., Varian Medical Systems, Inc. by Siemens Healthineers, and ViewRay Technologies, Inc..
The report offers valuable insights on the following aspects:- Market Penetration: It provides comprehensive information about key players' market dynamics and offerings.
- Market Development: In-depth analysis of emerging markets and penetration across mature market segments, highlighting lucrative opportunities.
- Market Diversification: Detailed information about new product launches, untapped geographies, recent developments, and investments.
- Competitive Assessment & Intelligence: Exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of leading players.
- Product Development & Innovation: Intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:- What is the market size and forecast for the Radiation Therapy Equipment Market?
- Which products, segments, applications, and areas hold the highest investment potential in the Radiation Therapy Equipment Market?
- What is the competitive strategic window for identifying opportunities in the Radiation Therapy Equipment Market?
- What are the latest technology trends and regulatory frameworks in the Radiation Therapy Equipment Market?
- What is the market share of the leading vendors in the Radiation Therapy Equipment Market?
- Which modes and strategic moves are suitable for entering the Radiation Therapy Equipment Market?
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