The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s LINAC devices market report forecasts the LINAC devices market size to grow to $6.61 Billion by 2027, with a CAGR (compound annual growth rate) of more than 8%.

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LINAC Devices Market Size Forecast
The global LINAC devices market is expected to grow from $4.37 billion in 2022 to $4.79 billion in 2023 at a compound annual growth rate (CAGR) of 9.6%. 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, causing inflation across goods and services and affecting many markets across the globe. The global LINAC devices market size is expected to reach $6.61 billion in 2027 at a CAGR of 8.4%.

North America held the largest LINAC devices market share, and Asia-Pacific was the fastest-growing region in 2022.

Key LINAC Devices Market Driver ­– Rise In Cancer Cases
According to The American Cancer Society, a US-based voluntary health organisation dedicated to cancer eradication, in February 2022, 1,806,590 new cancer cases and 606,520 cancer-related deaths are expected in the United States, which is 4,950 new cases and more than 1,600 fatalities daily. As a result, the rising number of cancer cases is propelling the LINAC device market.

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Key LINAC Devices Market Trend – Technological Advancement
To maintain their market position, major players are releasing products based on cutting-edge technology, such as the ViewRay MRIdian MRI-Guided Radiation Therapy System. For example, GenesisCare, a cancer and heart care provider based in the United States, will debut an MRI-guided radiation therapy system at the Lee Health Regional Cancer Centre in March 2023. By integrating precision radiation therapy with cutting-edge, high-resolution MRI guidance, MRIdian optimises treatment so that fewer sessions may be required. The product is unique in that it is the first radiotherapy system featuring diagnostic-quality MRI and a sophisticated linear accelerator, as well as access to the MRIdian Stereotactic MRI-guided Adaptive Radiotherapy (SMART) therapy.

LINAC Devices Market Segment
1) By Product: High Energy, Low Energy, Medium Energy
2) By Method: Dedicated Linear Accelerator, Non-Dedicated Linear Accelerator
3) By Application: Breast Cancer, Colorectal Cancer, Head And Neck Cancer, Lung Cancer, Prostate Cancer, Other Applications
4) By End User: Clinics, Hospitals, Research Centers

LINAC Devices Market Major Players and Strategies
Major players in the LINAC devices market are Accuracy Inc., Elekta AB, GE Healthcare Technologies Inc., Hitachi Ltd., Huiheng Medical Inc., Koninklijke Philips N.V., Mitsubishi Heavy Industries Ltd., Top Grade Healthcare Group, Varian Medical Systems Inc., Siemens Healthineers GmbH, Shinva Medical Instrument Co. Ltd., Altair Technologies Inc., BEVATECH GmbH, CGN Dasheng Electron Accelerator Technology Company Limited, Diondo GmbH, IBA SA, and Brainlab AG.

Siemens Healthineers AG, a German medical equipment maker, paid $16.4 billion for Varian Medical Systems Inc. in April 2021. The acquisition gave Siemens the opportunity to expand into cancer care and the broader healthcare sector. Varian Medical Systems is a manufacturer of linear accelerators and other stereotactic surgery instruments based in the United States.

The LINAC Devices Global Market Report 2023 covers regional data on LINAC devices market size, LINAC devices market trends and drivers, opportunities, strategies, and LINAC devices market competitor analysis. The countries covered in the LINAC devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

LINAC is an abbreviation for linear accelerator, which is a device used to accelerate charged particles in a straight path, such as electrons or protons. LINACs are utilised in medical settings to generate high-energy electron or X-ray beams for cancer radiation therapy.

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