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The radiotherapy devices market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 9%, as per The Business Research Company’s market report!

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The Radiotherapy Devices Market Size In 2022 And Forecast

The global radiotherapy devices market is expected to grow from $4.76 billion in 2021 to $5.21 billion in 2022 at a compound annual growth rate (CAGR) of 9.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The radiotherapy devices market is expected to grow to $7.47 billion in 2026 at a CAGR of 9.5%.

The radiotherapy devices market consists of sales of radiotherapy devices and related services by entities (organizations, sole traders, and partnerships) that manufacture radiotherapy devices.

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Technological Advancement Is Driving The Growth Of The Radiotherapy Devices Market

For instance, in June 2020, Accuray Incorporated, a US-based radiation oncology company launched CyberKnife S7 System, a radiotherapy device combining advanced precision, real-time artificial intelligence, and speed motion tracking and synchronization treatment delivery for stereotactic body radiation therapy (SBRT) and stereotactic radiosurgery (SRS) treatments. Therefore, the launch of advanced devices is likely to propel the revenues for the radiotherapy devices market shortly.

Competitive Landscape And The Regional Analysis Of The Radiotherapy Devices Market

Major players in the radiotherapy devices market are Varian Medical Systems, Elekta AB, Accuray Inc, C.R.Bard Inc, IBA Ion Beam Applications SA, Koninklijke Philips N.V, Siemens AG, Eckert & Ziegler Bebig, IsoRay Inc, and GE Healthcare.

Additionally, as per TBRC’s research – North America was the largest region in the radiotherapy devices market in 2021 holding the largest market share and Asia Pacific is expected to be the fastest-growing region in the forecast period.

The Radiotherapy Devices Global Market Report 2022  covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the radiotherapy devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the radiotherapy devices market.

Artificial Intelligence (AI) – A Key Trend In The Radiotherapy Devices Market

The incorporation of AI innovation in disease care is expected to improve the exactness and speed of analysis, help clinical dynamics, and lead to better results.

Radiotherapy Devices Market Segmentation By The Business Research Company

1) By Product Type: External Beam Radiation Therapy Devices, Linear Accelerator Devices, Proton Therapy Devices

2) By Application: Skin Cancer, Breast Cancer, Prostate Cancer, Cervical Cancer, Lung Cancer, Other Applications

3) By End Users: Hospitals, Ambulatory Surgical Centers, Oncological Treatment Centers

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