Global Radiation Therapy Equipment Market 2024-2028
Technavio has been monitoring the radiation therapy equipment market and is forecast to grow by USD 1591.57 mn during 2023-2028, accelerating at a CAGR of 5.82% during the forecast period. Our report on the radiation therapy equipment 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 rising occurrence of colorectal cancer, increase in cancer awareness globally, and increasing geriatric population.
Technavio's radiation therapy equipment market is segmented as below:
By End-user
- Hospitals
- Ambulatory surgical centers
- Oncological treatment centers
By Product
- External beam radiation therapy device
- Internal beam radiation therapy device
By Geography
- North America
- Europe
- Asia
- Rest of World (ROW)
This study identifies the improvement in customer support services by vendors of radiation therapy equipment as one of the prime reasons driving the radiation therapy equipment market growth during the next few years. Also, growing focus on enhancing professional skills and integration of ai with imaging technology 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 therapy equipment market covers the following areas:
- Radiation therapy equipment market sizing
- Radiation therapy equipment market forecast
- Radiation therapy equipment 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 therapy equipment market vendors that include Accuray Inc., Bionix LLC, Canon Inc., Carl Zeiss AG, Eckert and Ziegler AG, Elekta AB, Hitachi Ltd., Hologic Inc., iCAD Inc., IntraOp Medical Corp., Ion Beam Applications SA, IsoRay Inc., Mevion Medical Systems Inc., Optivus Proton Therapy Inc., P CURE, Panacea Medical Technologies Pvt. Ltd., Provision Healthcare, Siemens Healthineers AG, Sotera Health Co., and Sumitomo Heavy Industries Ltd.. Also, the radiation therapy equipment 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.