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How Has the Image-Guided Radiation Therapy Market Size Changed, over the years?

In recent years, the market size for image-guided radiation therapy has significantly expanded, experiencing growth from $1.89 billion in 2024 to a projected $2.01 billion in 2025, translating to a compound annual growth rate of 6.1%. The robust growth witnessed in the previous period can be linked to factors such as substantial industrialization, the necessity of quality assurance, compliance with regulations, the growth of infrastructure projects, and the globalization of supply chains.

How Much Will the Image-Guided Radiation Therapy Market Be Worth in 2029?

The market size for image-guided radiation therapy is set to witness consistent expansion over the forthcoming years, reaching a value of $2.4 billion in 2029, with an expected compound annual growth rate (CAGR) of 4.6%. This projected growth within the forecasted period is linked to continual development of infrastructure, changes in regulations, the increase of renewable energy, a heightened emphasis on sustainability, and a boost in aerospace and automotive manufacture. Notable trends for the period include a move towards miniaturization and portability, enhancements in x-ray tube technology, the adoption of digital radiography, the incorporation of artificial intelligence (AI), and customization tailored to specific applications.

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Which is the Largest Company in the Image-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.

What Are the Main Market Drivers in the Image-Guided Radiation Therapy Industry?

The image-guided radiation therapy market is set to grow with the rise in cancer cases. With abnormal and uncontrollable cell division characteristic of cancer, the precision and accuracy of image-guided radiation therapy (IGRT) makes it a preferable choice for treatment. It minimizes harm to healthy tissues and brings down side effects. As per a report by American Cancer Society, a non-profit organization, in January 2022, predicted cancer cases are roughly around 2 million, showcasing an increase of over 10%. Thus, the escalating cancer cases are fueling the progress of the image-guided radiation therapy market.

Key Driver for Image-Guided Radiation Therapy Market: Growth of Market Accelerated by Increase in Healthcare Spending

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How Is the Image-Guided Radiation Therapy Market Segments Structured?

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

What Strategic Trends Are Transforming the Image-Guided Radiation Therapy Market?

Leading businesses in the image-guided radiation therapy market are prioritizing technological enhancements like Cenos, an online adaptive therapy solution for radiotherapy procedures. Cenos allows medical professionals to swiftly and effectively alter a radiation therapy management plan if necessary, even when the patient is in the midst of their treatment. For instance, in October 2023, Accuray Incorporated, an American radiation therapy systems producer, collaborated with Limbus AI, a Canadian artificial intelligence company, to introduce the Cenos platform for its Radixact System. This cutting-edge treatment delivery system offers unmatched capabilities for various cases of cancer such as breast, prostate, lung, and head and neck cancers, alongside intricate treatments like total marrow irradiation. Unique features of the system include a high-speed multileaf collimator, a comprehensive platform, and the Tomo C platform. Additionally, this therapy solution gives healthcare providers the flexibility to make online adjustments to their treatment plans to accommodate any changes that might occur between treatment sessions.

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Which Global Regions Offer the Highest Growth 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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This Report Delivers Insight On:

1. How big is the image-guided radiation therapy market, and how is it changing globally?

2. Who are the major companies in the image-guided radiation therapy market, and how are they performing?

3. What are the key opportunities and risks in the image-guided radiation therapy market right now?

4. Which products or customer segments are growing the most in the image-guided radiation therapy market?

5. What factors are helping or slowing down the growth of the image-guided radiation therapy market?

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