Global Radiation Therapy Equipment Market Growth (Status and Outlook) 2025-2031

The global Radiation Therapy Equipment market size is predicted to grow from US$ 2675 million in 2025 to US$ 4168 million in 2031; it is expected to grow at a CAGR of 7.7% from 2025 to 2031.

Radiotherapy has two distinct practices: external beam radiotherapy (EBRT) and brachytherapy; depending on whether the ionizing radiation source is external to the patient or internal/in close proximity to the patient, respectively. Separate types of medical equipment are utilized for the practice of EBRT and brachytherapy. Most external beam radiotherapy is carried out with photon or electron beams; lately other particles such as protons, and carbon ions are also being utilized. In brachytherapy, radiation sources are placed directly into the target volume (intracavitary or interstitial brachytherapy).

Radiation therapy equipment refers to the specialized medical devices and systems used to deliver controlled doses of radiation for the treatment of cancer and certain non-cancerous conditions. This equipment includes technologies like medical linear accelerators (LINACs), which generate high-energy X-rays or electron beams, proton therapy systems for precise tumor targeting, and brachytherapy machines that deliver radiation internally. Other advanced systems, such as the Gamma Knife, CyberKnife, and TOMO therapy devices, offer specialized treatments for complex or hard-to-reach tumors.

The Radiation Therapy Equipment market is primarily driven by the growing global prevalence of cancer, which continues to fuel the demand for advanced treatment options. With an increasing number of cancer diagnoses worldwide, the need for precise, effective, and less invasive treatments has expanded the market for radiation therapy equipment. Additionally, technological advancements such as proton therapy, stereotactic radiosurgery (SRS), and image-guided radiation therapy (IGRT) have improved treatment accuracy, reduced side effects, and expanded the range of cancers that can be effectively treated, further propelling market growth. Moreover, supportive government initiatives and increasing investments in healthcare infrastructure, particularly in emerging markets, are contributing to the adoption of radiation therapy technologies.

However, the market also faces significant challenges that may impede growth. The high cost of advanced radiation therapy systems like proton therapy and Gamma Knife machines makes them inaccessible for many healthcare facilities, especially in low-income regions. Additionally, the need for specialized training to operate these complex devices presents barriers to widespread adoption. Regulatory approval processes and stringent safety standards also add to the operational complexities and delays in bringing new products to market. Moreover, the scarcity of skilled professionals, particularly in developing countries, exacerbates the challenges in fully utilizing available radiation therapy technologies, limiting the effectiveness of these treatments in certain regions. the global key manufacturers of Radiation Therapy Equipment include Siemens Healthineers (Varian), Elekta, Accuray, Ion Beam Applications, Best Theratronics, etc. In 2023, the global top five players had a share approximately 90.0% in terms of revenue.

LP Information, Inc. (LPI) ' newest research report, the “Radiation Therapy Equipment Industry Forecast” looks at past sales and reviews total world Radiation Therapy Equipment sales in 2024, providing a comprehensive analysis by region and market sector of projected Radiation Therapy Equipment sales for 2025 through 2031. With Radiation Therapy Equipment sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Radiation Therapy Equipment industry.

This Insight Report provides a comprehensive analysis of the global Radiation Therapy Equipment landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Radiation Therapy Equipment portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Radiation Therapy Equipment market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Radiation Therapy Equipment and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Radiation Therapy Equipment.

This report presents a comprehensive overview, market shares, and growth opportunities of Radiation Therapy Equipment market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
External Beam Radiotherapy (EBRT) Equipment
Brachytherapy Equipment

Segmentation by Application:
Hospitals
Radiation Therapy Center

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Siemens Healthineers (Varian)
Elekta
Accuray
Ion Beam Applications
Best Theratronics
Shanghai United Imaging
Mevion Medical Systems
OUR United Gorp
SHINVA Medical
BEBIG Medical
YingKang Life (MASEP)
Neusoft
Jiangsu Hai Ming
LinaTech
Huiheng Group
ET Medical

Key Questions Addressed in this Report

What is the 10-year outlook for the global Radiation Therapy Equipment market?

What factors are driving Radiation Therapy Equipment market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Radiation Therapy Equipment market opportunities vary by end market size?

How does Radiation Therapy Equipment break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.