Comprehensive Radiotherapy Devices Market Analysis, By The Business Research Company
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
North America held the largest radiotherapy devices market share.
The global radiotherapy devices market is expected to grow from $5.21 billion in 2022 to $5.69 billion in 2023 at a compound annual growth rate (CAGR) of 9.3%. The radiotherapy devices market is expected to grow from $8.07 billion in 2027 at a CAGR of 9.1%.
Major Driver In The Radiotherapy Devices Market – Growth In Advanced Devices
For example, Accuray Incorporated, a radiation oncology company based in the United States, launched the CyberKnife S7 System in June 2020, a radiotherapy device that combines advanced precision, real-time artificial intelligence, and speed motion tracking and synchronisation treatment delivery for stereotactic body radiation therapy (SBRT) and stereotactic radiosurgery (SRS) treatments. As a result, the introduction of improved equipment is expected to boost revenue in the radiation devices market in the near future.
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Key Radiotherapy Devices Market Segments
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
Recent Radiotherapy Devices Market Trend – Adopting Artificial Intelligence
AI innovation in disease care is predicted to improve the accuracy and speed of analysis, aid clinical dynamics, and result in improved results. For example, HCG cancer hospital will debut AI-based radiation treatment technology for efficient radiotherapy in October 2022. Traditional treatment planning takes days; however, new AI developments are helping to speed up this operation. Deep learning applications in treatment planning, clinical decision support, automated image-guided adaptive radiation therapy, and genomic/radiobiologic data mining are also projected to promote market expansion.
Radiotherapy Devices Market Prominent Players
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.
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The Radiotherapy Devices Global Market Report 2023 provides a comprehensive overview on the radiotherapy devices market size, trends and drivers, opportunities, strategies, and companies analysis. 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, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Radiotherapy devices are used in cancer treatment to kill cancer cells and shrink tumours by delivering high doses of radiation.
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