Exploring Key Insights of the Robotic Radiotherapy Market: Growth Prospects, Emerging Trends, and Opportunities
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What key factors are powering the surge in the robotic radiotherapy market right now?
The market size for robotic radiotherapy has experienced considerable growth lately. It is forecasted to expand from $1.06 billion in 2024 to $1.17 billion in 2025, boasting a compound annual growth rate (CAGR) of 10.9%. The significant growth during the historical period can be ascribed to the advancement in the accuracy of robotic systems, the incorporation of artificial intelligence in treatment planning, greater accessibility to healthcare, a heightened emphasis on patient-specific therapies, and an increase in the private healthcare sector’s investments.
How fast Is the robotic radiotherapy market expected to grow, and what’s its future value?
In the coming years, the market size for robotic radiotherapy is projected to experience a significant surge, eventually reaching $1.75 billion in 2029, with a compound annual growth rate (CAGR) of 10.6%. This expected growth can be attributed to the rise in the world’s elderly population, technological advancements in machine learning for treatment planning, increasing preference for outpatient treatments, and the expansion of robotic-assisted surgical systems. An escalation in collaborations between healthcare parties and technology firms also contribute to the growth. Noticeable trends include progress in motion management systems, the expansion of cloud-based radiotherapy platforms, the introduction of wearable technology for patient surveillance, the creation of compact and more efficient robotic systems, and an uptick in the utilization of stereotactic radiosurgery techniques.
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What are the leading drivers of growth in the robotic radiotherapy market?
The growth of the robotic radiotherapy market is projected to be fueled by the increasing popularity of minimally invasive procedures. Developments in medical technology, a preference for swifter recovery periods with fewer complications among patients, and a rise in adoption due to cost-effectiveness and improved clinical outcomes drive these minimally invasive procedures. Robotic radiotherapy enhances the effectiveness and accuracy of these procedures by administering concentrated doses of radiation to tumours while sparing the surrounding healthy tissue. This results in reduced complications and improved recovery times, which aligns with the increasing demand for sophisticated, patient-centered treatment methods. For instance, in June 2024, the American Society of Plastic Surgeons reported a 7% growth in minimally invasive procedures conducted by a US-based pharmaceutical company in 2023 compared to the preceding year. As such, the growing demand for minimally invasive procedures is fostering the expansion of the robotic radiotherapy market.
What are the key segments defining the robotic radiotherapy market?
The robotic radiotherapy market covered in this report is segmented –
1) By Product: Radiotherapy Systems, Softwares, 3D Cameras (Surface Guided)
2) By Technology: Linear Accelerators, Conventional Linear Accelerators, Magnetic Resonance Imaging (MRI) – Linear Accelerators, Stereotactic Radiation Therapy Systems, Cyberknife, Gamma Knife, Particle Therapy, Proton Beam Therapy
3) By Application: Prostate Cancer, Breast Cancer, Lung Cancer, Head & Neck Cancer, Colorectal Cancer
4) By End User: Hospitals, Independent Radiotherapy Centers
Subsegments:
1) By Radiotherapy Systems: Robotic Linear Accelerators, Proton Therapy Systems, Stereotactic Radiosurgery Systems, Image-Guided Radiotherapy (IGRT) Systems, Intensity-Modulated Radiotherapy (IMRT) Systems
2) By Softwares: Treatment Planning Software, Radiation Therapy Management Software, Robotic Radiotherapy Control Software, Integration Software For Robotic Systems
3) By 3D Cameras (Surface Guided): 3D Optical Surface Imaging Systems, 3D Camera Systems For Patient Positioning, 3D Motion Tracking Cameras For Radiotherapy, Real-Time 3D Surface Imaging For Tumor Localization
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Who are the key players steering the development of the robotic radiotherapy market?
Major companies operating in the robotic radiotherapy market are Panasonic Healthcare, Siemens Healthineers AG, Fujifilm Medical Systems, GE Healthcare Technologies Inc., Varian Medical Systems, Kuka AG, Elekta AB, Accuray Incorporated, Brainlab AG, Mevion Medical Systems Inc., ViewRay Technologies Inc., RaySearch Laboratories AB, VisionRT Ltd., MIM Software Inc., CIVCO Radiotherapy, ProNova Solutions, IntraOp Medical Corporation, IBA Group, Xcision Medical Systems LLC, C-RAD AB
What emerging trends are influencing the growth of the robotic radiotherapy market?
Major companies operating in robotic radiotherapy market are focusing on developing innovative products with advanced technologies, such as artificial intelligence (AI) precision to perform tasks with exceptional accuracy, consistency, and minimal error. Robotic precision enhances accuracy, reduces human error, improves consistency, minimizes tissue damage, and accelerates recovery using sensors, actuators, and algorithms. For instance, in January 2024, Tampa General Hospital, a US-based cancer institute, launched CyberKnife S7, an AI-powered radiosurgery tool. This technology marks a significant progression in the field of cancer care, offering a non-invasive and precise treatment option for patients with a variety of conditions, including both benign and malignant tumors, as well as neurological disorders. The CyberKnife S7 enables targeted radiation delivery, minimizing damage to surrounding healthy tissues, and providing a less invasive alternative to traditional surgical methods.
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Which regions are most influential in expanding the robotic radiotherapy market?
North America was the largest region in the robotic radiotherapy market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the robotic radiotherapy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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