Image-Guided Radiation Therapy Market 2025-2034: Key Highlights, Growth Dynamics, and Emerging Trends
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
Which Major Market Drivers Are Expected to Boost the Growth Potential of the Image-Guided Radiation Therapy Market?
The rise in cancer prevalence is anticipated to fuel the image-guided radiation therapy market’s growth. Cancer is characterized by the uncontrolled growth and spread of abnormal cells throughout the body. Image-guided radiation therapy (IGRT) is utilized in cancer treatment due to its ability to precisely and accurately target cancer cells, thereby reducing damage to healthy tissues and minimizing side effects. For instance, the American Cancer Society, a US-based non-profit organization, reported in January 2022 that the predicted number of newly diagnosed cancer cases is approximately 2 million, marking a considerable increase of almost over 10%. Hence, the rising prevalence of cancer is stimulating the advancement of the image-guided radiation therapy market. The surge in healthcare expenditure is a critical driver of the expansion of the image-guided radiation therapy market. Healthcare spending refers to the aggregate financial resources dedicated to the healthcare sector in a specific geographical area, country, or organization. Investment in image-guided radiation therapy within healthcare budgets enhances the precision and accuracy of radiation delivery in cancer treatment, ultimately improving patient outcomes, minimizing treatment-related side effects, and tailoring effective cancer care for long-term cost savings. For example, a report by the Office for National Statistics, a UK government department, revealed in May 2023 that healthcare spending in the UK raised by 5.6% between 2022 and 2023, a significant increase compared to the 0.9% growth in 2022. The UK’s healthcare expenditure was approximately $317.63 billion (£292 billion) in 2023. Hence, the increase in healthcare expenditure is propelling the upward trajectory of the image-guided radiation therapy market.
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#How Does the ProjectedImage-Guided Radiation Therapy Market Growth Compare Over the Forecast Period?
In recent times, the market size for image-guided radiation therapy has seen significant growth. Its value is expected to increase from $1.89 billion in 2024 to $2.01 billion in 2025 with a compound annual growth rate (CAGR) of 6.1%. Factors driving this growth in the historical period include increased industrialization, requirements for quality assurance, regulatory compliance, growth in infrastructure projects, and a global expansion of supply chains.
In the ensuing years, the image-guided radiation therapy market is projected to experience consistent expansion. By 2029, its value will likely grow to $2.4 billion, at a compound annual growth rate (CAGR) of 4.6%. This growth phase can be accredited to ongoing infrastructure development, transforming regulatory frameworks, expansion of renewable energy, intensifying emphasis on sustainability, and an uptick in aerospace and automotive output. The forecast period is set to be marked by significant trends such as miniaturization and portability, technological advancements in x-ray tubes, adoption of digital radiography, the incorporation of artificial intelligence (AI), and customization for specialized applications.
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What Are the Key Market Innovations in theImage-Guided Radiation Therapy Market Over the Coming Years?
In the image-guided radiation therapy market, significant players are turning their attention toward innovations such as Cenos, an adaptable online solution for radiotherapy procedures. This innovation empowers medical professionals to swiftly and efficiently revise a radiation treatment plan if necessary while the patient is still being treated. Accuray Incorporated, a US maker of radiation therapy systems, collaborated with Limbus AI, a Canadian AI firm, to roll out the Cenos platform for its Radixact System in October 2023. The system is an advanced method for treating a broad array of cancer types, from breast, prostate, lung, to head and neck cancers, and even intricate treatments like total marrow irradiation. The system has exclusive features such as a rapid multileaf collimator, a fully integrated platform, and the Tomo C platform. Importantly, this therapy gives medical providers the flexibility to make online adjustments in the treatment plan to account for any changes that could occur between therapy sessions.
Who Are the Top Companies Driving Innovation and Growth in theImage-Guided Radiation Therapy Market?
Major companies operating in the image-guided radiation therapy market report are Hitachi Ltd., Toshiba Corporation, Siemens Healthcare GmbH, Koninklijke Philips N.V., GE Healthcare Company, Varian Medical Systems Inc., Elekta AB, Canon Medical Systems R&D (Dalian) Co. Ltd., Accuray Incorporated, Ion Beam Applications S.A., Brainlab AG, ViewRay Technologies Inc., Mevion Medical Systems Inc., RaySearch Laboratories AB, Vision RT Ltd., Sun Nuclear Corporation, IZI Medical Products LLC, Eckert & Ziegler BEBIG GmbH, C-RAD AB, Standard Imaging Inc., CIVCO Radiotherapy Inc., IntraOp Medical Corporation, RTsafe Solutions Ltd., ASG Superconductors S.p.A., Mirada Medical Corporation, Xstrahl Ltd., Mobius Medical Systems LP, Precision X-Ray Inc., RefleXion Medical Inc., Panacea Medical Technologies Pvt. Ltd.
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Which Key Market Segments Comprise the Image-Guided Radiation Therapy Market and Drive Its Revenue Growth?
The image-guided radiation therapy market 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 Regions Are Emerging as Leaders in the Image-Guided Radiation Therapy Market?
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.
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