Radiation Oncology Market Expand $10.1 Billion By 2025 With CAGR: 6.5% | Grand View Research Inc.

Posted on 2019-08-21 by researchinsights in Healthcare // 0 Comments

San Francisco, United States, 2019-Aug-21 — /EPR Network/ —

The global radiation oncology market size is expected to reach USD 10.1 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to witness a CAGR of 6.5% over the forecast period. Rising prevalence of cancer is the primary factor responsible for substantial growth of the market for radiation oncology.

Technological advancements resulted in increased adoption of radiation oncology as primary cancer treatment. Development of compact advanced radiotherapy options such as CyberKnife, Gamma Knife, and tomotherapy are expected to complement this growth. These advanced methods pose lesser postoperative complications and faster recovery time.

Increasing per capita healthcare expenditure is also an important macroeconomic factor driving market growth. In addition, with the aid of supportive government initiatives and awareness, patients are not hesitant to opt for advanced treatment options. For instance, per capita health expenditure witnessed exponential growth of more than 55.0% from 1995 to 2014, as stated by the World Bank Group.

To request a sample copy or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/radiation-oncology-market

Further key findings from the study suggest:

In 2016, external beam radiation therapy (EBRT) inclusive of compact advanced radiation therapy, proton therapy, and linear accelerator (LINAC), held a lucrative share by product
Brachytherapy is likely to gain maximum share over the coming years owing to extensive usage for the treatment of prostate and breast cancer
EBRT applications for treatment of prostate, breast, lung, colorectal, head, and neck cancer dominated the market in 2016 by way of application
Image guided radiation therapy (IGRT) contributed to around 13.0% share in 2016 on the basis of technology. In this method, overall objective is to minimize the exposure to the healthy surrounding tissue
3D-CRT technology is anticipated to witness a lucrative CAGR over the forecast period
North America held maximum share in global radiation oncology market in 2016. Developed health infrastructure, presence of many multinational players, and high per capita health infrastructure are the key regional growth drivers
Varian Medical Systems; Elekta AB; Accuray Incorporated; Ion Beam Applications SA; C.R. Bard, Inc.; IsoRay, Inc.; Mevion Medical Systems, Nordion (Canada) Inc.; NTP; and Mallinckrodt Public Limited Company are some of the key market players

Related Reports on Medical Devices:

Grand View Research has segmented the global radiation oncology market by product, application, technology, and region:

Radiation Oncology Product Outlook (Revenue, USD Million, 2014 – 2025)

External Beam Radiation Therapy
- Electron-Emitting High-Energy Linear Accelerators (Linac)
- Compact Advanced Radiotherapy Systems
  - Cyberknife
  - Gamma Knife
  - Tomotherapy
- Proton Therapy
  - Cyclotron
  - Synchrotron
Brachytherapy
- Seeds
- Applicators and Afterloaders
- Electronic Brachytherapy
Systemic Beam Radiation Therapy
Others

Radiation Oncology Application Outlook (Revenue, USD Million, 2014 – 2025)

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

Radiation Oncology Technology Outlook (Volume, Units; Revenue, USD Million, 2014 – 2025)

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

Radiation Oncology Regional Outlook (Revenue, USD Million, 2014 – 2025)

North America
- U.S.
- Canada
Europe
- Germany
- U.K.
Asia Pacific
- China
- Japan
Latin America
- Mexico
- Brazil
Middle East & Africa
- South Africa

For Press Release of This Research Report by Grand View Research:

https://www.grandviewresearch.com/press-release/global-radiation-oncology-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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