Global Radiation Oncology Market Size, Share, Price, Growth, Key Players, Analysis, Report, Forecast 2021-2026 | EMR Inc.

Radiation Oncology Market

The new report by Expert Market Research titled, ‘Global Radiation Oncology Market Share, Report and Forecast 2021-2026’, gives an in-depth analysis of the global radiation oncology market, assessing the market based on its segments like oncology type, technology type, application, and major regions like Asia Pacific, Europe, North America, Middle East and Africa and Latin America.

The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2021-2026)

  • Historical Market Size (2020): USD 6.7 Billion
  • Forecast CAGR (2021-2026): 7.1%
  • Forecast Market Size (2026): USD 10.1 Billion

The growth of global radiation oncology market is driven by the rising incidence of cancer and growing demand for effective treatment options. The popularity of radiation oncology is aided by its cost effectiveness and the ability to regress the tumour growth. Moreover, the increasing campaigns promoting awareness for the benefits of radiation oncology will likely strengthen the market growth.

Industry Definition and Major Segments

Radiation oncology generally known as radiotherapy or radiation therapy refers to the treatment of cancer using X-rays. These rays are targeted over the cancer cells using linear accelerators in order to destroy them. It is performed along with chemotherapy and surgery for providing relief from pain and other symptoms.

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Based on oncology type, the market is segmented into:

  • External Beam Radiation Therapy
    • Linear Accelerators
    • Compact Advanced Radiotherapy Systems
    • Proton Therapy
    • Others
  • Internal Beam Radiotherapy
    • Brachytherapy
    • Systemic Beam Radiation Therapy
    • Others

The major oncology technology types of radiation oncology are:

  • External Beam Radiation Therapy
    • Image-Guided Radiotherapy (IGRT)
    • Intensity Modulated Radiotherapy (IMRT)
    • Stereotactic Technology
    • Proton Beam Therapy
    • 3D Conformal Radiotherapy (3D CRT)
    • Others
  • Internal Beam Radiotherapy
    • Low-Dose Rate Brachytherapy
    • High-Dose Rate Brachytherapy
    • Others

The market can be broadly categorised on the basis of its application into:

  • External Beam Radiation Therapy
    • Prostate Cancer
    • Breast Cancer
    • Lung Cancer
    • Head and Neck Cancer
    • Colorectal Cancer
    • Others
  • Internal Beam Radiation Therapy
    • Prostate Cancer
    • Gynaecological Cancer
    • Breast Cancer
    • Cervical Cancer
    • Penile Cancer
    • Others

The regional markets for radiation oncology include:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Market Trends

Regionally, North America is the largest shareholder for the global radiation oncology market. This can be attributed to the presence of key market players. Additionally, the presence of developed healthcare infrastructure and vast patient awareness for the disease and treatment options due to high promotional activities in the region adds to the growth.

Key Market Players

The major players in the market are Accuray Incorporated, Elekta AB, Isoray Medical, Mevion Medical Systems, Varian Medical Systems, Inc., and a few others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest, and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

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