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How Fast Is The Image-Guided Radiation Therapy Market Expected to Grow Between 2025 And 2029?
The market size for image-guided radiation therapy has seen robust growth in recent times. The expected growth is from $1.89 billion in 2024 to $1.99 billion in 2025, indicating a compound annual growth rate or CAGR of 5.3%. Factors contributing to its growth during the historical phase include escalating industrialization, the need for quality assurance, adherence to regulatory standards, expansion of infrastructural projects and the globalization of supply chains.
The image-guided radiation therapy market size is expected to see steady growth in the next few years. It will grow to $2.37 billion in 2029 at a compound annual growth rate (CAGR) of 4.5%. The growth in the forecast period can be attributed to continued infrastructure development, evolving regulatory landscape, renewable energy expansion, increased focus on sustainable practices, rise in aerospace and automotive production. Major trends in the forecast period include miniaturization and portability, advancements in x-ray tube technology, digital radiography adoption, integration of artificial intelligence (AI), customization for specific applications.
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Which Major Market Drivers Are Expected to Boost the Growth Potential of the Image-Guided Radiation Therapy Market?
The rising occurrence of cancer is predicted to fuel the expansion of the image-guided radiation therapy market in the future. Cancer involves the unregulated growth and spread of abnormal cells in the body. Image-guided radiation therapy (IGRT) is employed in the treatment of cancer due to its accuracy and precision in directing radiation towards cancer cells, minimizing harm to healthy cells and reducing side effects. For example, a January 2022 report by the American Cancer Society, a US non-profit organization, projected around 2 million new cancer diagnoses, marking a substantial increase of approximately over 10%. Thus, the escalating prevalence of cancer is propelling the growth of the image-guided radiation therapy market looking ahead.
Which Key Market Segments Comprise the Image-Guided Radiation Therapy Market and Drive Its Revenue Growth?
The image-guided radiation therapymarket covered in this report is segmented –
1) By Product Type: 4D Gating And 4D RT; Linear Accelerator (LINAC); PET And MRI Guided Radiation Therapy; Portal Imaging; CT Scanning
2) By Procedure: Intensity-Modulation Radiation Therapy; 3D Conformal Radiation Therapy; Stereotactic Therapy; Proton Beam Therapy; Particle Therapy
3) By Application: Lung Cancer; Prostate Cancer; Head And Neck Cancer; Gynecological Cancer; Gastrointestinal Cancer; Other Applications
4) By End User: Hospitals; Independent Radiotherapy Centers
Subsegments:
1) By 4D Gating and 4D RT: 4D Gating Systems; 4D Radiation Therapy Systems
2) By Linear Accelerator (LINAC): Conventional LINAC Systems; Advanced LINAC Systems
3) By PET And MRI Guided Radiation Therapy: PET/CT Guided Radiation Therapy; MRI Guided Radiation Therapy
4) By Portal Imaging: Electronic Portal Imaging; Conventional Portal Imaging
5) By CT Scanning: CT Imaging For Radiation Therapy Planning; Cone Beam CT For Radiation Therapy
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Which Areas Are Leading Regions in the Image-Guided Radiation Therapy Market Expansion Across the Globe?
North America was the largest region in the image-guided radiation therapy market in 2024. The regions covered in the image-guided radiation therapy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Are the Key Market Trends in theImage-Guided Radiation Therapy Market Over the Coming Years?
Leading companies in the image-guided radiation therapy market are emphasizing on technological innovations like Cenos, which is an online adaptive therapy tool for radiation therapy procedures. Cenos allows medical professionals to swiftly and efficiently amend a radiation therapy treatment strategy, if necessary, while the patient is still receiving treatment. For instance, Accuray Incorporated, a US-based radiation therapy systems manufacturer, teamed up with Limbus AI, an AI firm from Canada, to introduce the Cenos platform for their Radixact System in October 2023. This advanced treatment delivery system provides uncompromised capabilities to address various types of cancer, including breast, prostate, lung, and head and neck cancers, and also complex procedures such as total marrow irradiation. It possesses unique attributes such as a high-speed multileaf collimator, an entirely incorporated platform, and the Tomo C platform. Additionally, this therapy tool gives medical practitioners the flexibility to make an online modification of their treatment protocol to accommodate any changes that might occur between treatment sessions.
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How Is the Image-Guided Radiation Therapy Market Conceptually Defined?
Image-guided radiation therapy (IGRT) refers to a medical technique used in the field of radiation oncology to deliver precise and targeted radiation treatment to cancerous tumors. It is used to reduce treatment toxicity and enable the safe delivery of more precise radiation doses to patients suffering from cancer.
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