Global Radiation Oncology Market 2023-2027
Technavio has been monitoring the radiation oncology market and is forecast to grow by $2032.03 mn during 2022-2027, accelerating at a CAGR of 4.69% during the forecast period. Our report on the radiation oncology market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing incidence of cancer, technological advances, and increasing adoption of radiotherapy equipment.
Technavio's radiation oncology market is segmented as below:
By Type
By Application
- Breast cancer
- Lung cancer
- Penile cancer
- Prostate cancer
- Others
By Geography
- North America
- Europe
- Asia
- Rest of World (ROW)
This study identifies the rise in healthcare expenditure as one of the prime reasons driving the radiation oncology market growth during the next few years. Also, increasing demand for proton therapy and rising growth potential in emerging economies will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the radiation oncology market covers the following areas:
- Radiation oncology market sizing
- Radiation oncology market forecast
- Radiation oncology market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading radiation oncology market vendors that include Accuray Inc., Becton Dickinson and Co., Canon Inc., Carl Zeiss AG, Elekta AB, Hitachi Ltd., iCAD Inc., Ion Beam Applications SA, IsoRay Inc., Mallinckrodt Plc, Mevion Medical Systems Inc., Nordion Canada Inc., Optivus Proton Therapy Inc., Panacea Medical Technologies Pvt. Ltd., RefleXion Medical Inc., Sensus Healthcare Inc., Sumitomo Heavy Industries Ltd., Theragenics Corp., Varian Medical Systems Inc., and ViewRay Inc. Also, the radiation oncology market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.