Next-Gen Image-Guided Radiation Therapy : Market Forecast, Transformation, and Long-Term Trajectories
Discover trends, market shifts, and competitive outlooks for the image-guided radiation therapy industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research
How Has The Image-Guided Radiation Therapy Market Growth Evolved From 2024 To 2025, And What’s Ahead?
There has been significant expansion in the image-guided radiation therapy market in the preceding years. The market’s size which was $1.89 billion in 2024 is predicted to increase to $2.01 billion in 2025, growing at a compound annual growth rate (CAGR) of 6.1%. Factors such as enlarging industrialization, quality assurance needs, regulatory compliance, development of infrastructure projects, and globalizing supply chains largely accounted for the expansion during the historic period.
It is predicted that the image-guided radiation therapy market will experience consistent growth in the forthcoming years, expected to reach $2.4 billion by 2029, with a compound annual growth rate (CAGR) of 4.6%. This growth during the predicted period is associated with ongoing infrastructure enhancements, changes in regulatory environment, progression in renewable energy, increased emphasis on eco-friendly practices, and escalating production in the aerospace and automotive sectors. Key trends anticipated during this period encompass miniaturization and portability, advancements in the realm of x-ray tube technology, the adoption of digital radiography, the incorporation of artificial intelligence (AI), and the customization for particular applications.
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Which Major Market Drivers Are Expected to Boost the Growth Potential of the Image-Guided Radiation Therapy Market?
The rise in cancer cases is projected to boost the advancement of the image-guided radiation therapy (IGRT) sector. Cancer is characterized by an uncontrolled growth and spreading of anomalous cells in the body. IGRT aids in the treatment of cancer due to its ability to deliver radiation with precision to cancer cells, causing minimal damage to healthy tissues and cutting down side effects. For example, a report by the American Cancer Society, a non-profit organization based in the United States, in January 2022 predicted approximately 2 million new cancer diagnoses, a substantial rise of over 10%. Hence, the escalating rate of cancer is pushing forward the growth of the image-guided radiation therapy market. The surge in expenditure involving the health sector propels the expansion of the image-guided radiation therapy market. Funds dedicated to the health sector, specifically within a certain geographical location, country, or institution, is what constitutes healthcare spending. Investment in IGRT is utilized to specifically enhance cancer treatment, bolstering the precision in radiation transportation, thereby improving patient outcomes, mitigating the side effects of treatment, and saving costs in the long run via focused and effective cancer care. In May 2023, a report from the Office for National Statistics, a government department based in the UK, stated that from 2022 to 2023 healthcare expenditure in the UK saw a rise of 5.6%, compared to 0.9% growth in 2022. UK healthcare expenditure was roughly $317.63 billion (£292 billion) in 2023. Thus, an increase in healthcare spending is pushing forward the growth of the image-guided radiation therapy market.
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 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 the Image-Guided Radiation Therapy Market Over the Coming Years?
Leading corporations in the image-guided radiation therapy market are shifting their focus towards technological progress, introducing options like Cenos for radiotherapy treatments. This online adaptive therapy enables medical professionals to make essential changes to a radiation therapy treatment plan quickly and efficiently during the course of the patient’s treatment. For example, in October 2023, Accuray Incorporated, an American company that manufactures radiation therapy systems, collaborated with Limbus AI, a Canadian artificial intelligence firm, to introduce the Cenos platform for its Radixact System. This revolutionary treatment delivery system provides unhindered capabilities for managing various types of cancer, including breast, prostate, lung, head, and neck, as well as intricate treatments like total marrow irradiation. It comes with distinguishing features like a high-speed multileaf collimator, a fully integrated platform, and the Tomo C platform. Additionally, it enables healthcare providers to make online amendments to their treatment plans to suit any alterations that may 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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