Portland, OR, July 07, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global radiotherapy market generated $6.5 billion in 2021, and is projected to reach $11.9 billion by 2031, growing at a CAGR of 6.3% from 2022 to 2031. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Increase in the number of cancer patients, extensive adoption of radiotherapy devices and procedures, and upsurge in the number of health awareness campaigns are expected to drive the growth of the global radiotherapy market. On the other hand, lack of skilled healthcare professionals are expected to hinder the growth to some extent. However, persistent technological advancements in radiotherapy devices are expected to create ample opportunities for the industry.
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COVID-19 Scenario
- The outbreak of COVID-19 has had a negative impact on the growth of the global radiotherapy market, owing to the rapid increase in the number of cases and fear of contraction of coronavirus among people.
- Most of hospitals were converted into COVID-19 centers to treat serious COVID-19 infected patients. This made it difficult for cancer patients to get their radiotherapy on time. The healthcare professionals in hospitals were increasingly focused toward treating the COVID-19 patients on a priority. However, the market is expected to recoup soon.
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The report offers a detailed segmentation on the global radiotherapy market based on type, end user, and region.
Based on type, the external beam radiation therapy segment held the largest market share in 2021, garnering around four-fifths of the global market. The internal radiation therapy segment, on the other hand, is expected to cite the fastest CAGR of 7.8% during the forecast period.
Based on end user, the hospitals and clinics segment held the majority market share in 2021, holding around three-fifths of the global market. Moreover, this segment will maintain its dominant share by 2031.
Based on region, the market across North America held the lion’s share in 2021, holding around two-fifths of the global market. The Asia-Pacific region, on the other hand, is expected to cite the fastest CAGR of 7.4% during the forecast period.
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The key players analyzed in the global radiotherapy market report include Accuray Incorporated, Becton, Dickinson and Company, Elekta AB, IBA (Ion Beam Applications SA), Isoray Medical Inc., Eckert & Ziegler Group, ICAD INC., Nordion, Inc., Siemens Healthineers, and Mevion Medical Systems, Inc.
We also Offers Regional and Country Reports-
- Japan Radiotherapy Market
- South Korea Radiotherapy Market
- Singapore Radiotherapy Market
- China Radiotherapy Market
- Indonesia Radiotherapy Market
- Australia Radiotherapy Market
- Taiwan Radiotherapy Market
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“We have also published few syndicated market studies in the similar area that might be of your interest. Below are the report title for your reference, considering Impact of Covid-19 Over This Market which will help you to assess aftereffects of pandemic on short-term and long-term growth trends of this market.”
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
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