Discover trends, market shifts, and competitive outlooks for the radiotherapy devices industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

What Are the Projected Market Size and Growth Rates for the Radiotherapy Devices Market From 2025 To 2029?

In recent years, there has been significant growth in the market size for radiotherapy devices. The market, valued at $6.13 billion in 2024, is predicted to rise to $6.71 billion in 2025, reflecting a compound annual growth rate (CAGR) of 9.5%. The progress in the past years can be traced back to factors such as rising cancer rates, patient-focused healthcare, an aging demographic, heightened awareness of radiotherapy equipment, and the expansion of teletherapy and remote monitoring.

In the coming years, the market for radiotherapy devices is predicted to witness robust growth. The market value is projected to rise to $9.73 billion in 2029, with a Compound Annual Growth Rate (CAGR) of 9.7%. Several factors are contributing to this anticipated growth, including the expansion of proton therapy, the combination of immunotherapy, remote monitoring, teletherapy, and an increasing demand for accurate and targeted radiation therapies as well as minimally invasive radiotherapy techniques. Looking ahead, major trends expected in this forecast period are advancements in proton therapy, hypofractionated radiotherapy, adaptive radiotherapy, improvements in patient experience, and the integration of artificial intelligence (AI).

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What Are the Major Market Drivers Behind the Rising Adoption of Radiotherapy Devices Market?

The escalating instances of cancer are anticipated to fuel the expansion of the radiotherapy devices market in the future. The term \”cancer prevalence\” denotes the total count or percentage of individuals in a population who have received a cancer diagnosis at a certain moment in time or over a defined period. Radiotherapy frequently serves as a primary or supportive therapy for newly diagnosed cancer patients. This method is widely used to minimize tumors, manage the spread of cancer, or eradicate cancer cells before or following surgery. For example, as per the Australian Institute of Health and Welfare, a governmental organisation based in Australia, the country saw an increase in diagnosed cancer cases from 160,570 in 2022 to 164,694 in 2023, as recorded in July 2024. This significant yearly increase illustrates the rising cancer prevalence within Australia. Consequently, the surge in cancer instances is stimulating the expansion of the radiotherapy devices market.

Which Key Market Segments Comprise the Radiotherapy Devices Market and Drive Its Revenue Growth?

The radiotherapy devices market covered in this report is segmented –

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

Subsegments:

1) By External Beam Radiation Therapy Devices: Intensity-Modulated Radiation Therapy (IMRT) Devices, Image-Guided Radiation Therapy (IGRT) Devices, Stereotactic Body Radiation Therapy (SBRT) Devices, Stereotactic Radiosurgery (SRS) Devices, 3D Conformal Radiation Therapy (3D CRT) Devices

2) By Linear Accelerator Devices: Conventional Linear Accelerators, Stereotactic Linear Accelerators

3) By Proton Therapy Devices: Cyclotron-Based Devices, Synchrotron-Based Devices, Synchrocyclotron-Based Devices

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Which Areas Are Leading Regions in the Radiotherapy Devices Market Expansion Across the Globe?

North America was the largest region in the radiotherapy devices market in 2023. Asia-Pacific was the second-largest region in the global radiotherapy devices market report. The regions covered in the radiotherapy devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Which Cutting-Edge Market Trends Are Expected to Drive the Radiotherapy Devices Market’s Growth?

AI is emerging as a top trend in the radiotherapy devices market and is increasingly becoming popular. The integration of AI technology in healthcare is projected to enhance the precision and speed of diagnosis, support medical decision-making, and yield improved results. For example, in October 2022, the HCG cancer hospital introduced AI-fuelled radiation treatment technology for effective radiotherapy. The conventional treatment planning method requires days to develop a refined radiation treatment delivery schedule, but new AI technologies are expediting this process. The role of AI is also projected to expand to include deep learning uses in treatment planning, clinical decision support, automated image-guide adaptive radiation therapy, and genomic/radio-biologic data mining. This is anticipated to drive the market growth further.

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How Is the Radiotherapy Devices Market Conceptually Defined?

Radiotherapy devices are used in cancer treatment by using high doses of radiation to kill cancer cells and shrink tumors. They are used to destroy cancerous cells and shrink tumors while minimizing damage to surrounding healthy tissue. By employing various techniques, such as external beam radiation and brachytherapy, these devices play a crucial role in cancer treatment and management.

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