The new report by Expert Market Research titled, ‘Global Radiation Oncology Market 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 types, oncology technology types, applications, and major regions. 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.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.

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The key highlights of the report include:

Market Overview (2016-2026)

Historical Market Size (2020): USD 6.7 billion
Forecast CAGR (2021-2026): 1%

The surge of cancer rates throughout the world is aiding the market growth for radiation oncology. The rapid increase of cancer has made it one of the leading causes of death. As radiotherapy provides effective treatment with low side effects, it is increasingly used in the treatment of cancer, further aiding the market growth. North America accounts for the biggest share of the market for radiation oncology. This can be attributed to technological advancements and increasing accessibility and affordability for healthcare due to rising disposable income. Europe is also excepted to witness a surge in the market growth due to the escalating cancer rates and good healthcare industry. Meanwhile, the Asia Pacific is rapidly growing due to the increasing healthcare infrastructure development, consequently aiding the growth of the overall market.

Industry Definition and Major Segments

Radiation oncology, variously known as radiotherapy, is the use of ionised radiation to provide cancer treatment. It not only controls cell growth but also damages the DNA of cancerous cells. It can also be used to treat tumours occurring in certain parts of the brain.

The major oncology types of radiation oncology are:

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

Based on the oncology technology types, the market is segmented into:

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

On the basis of application, radiation oncology market can be divided 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 EMR report looks into the regional markets of radiation oncology like:

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

Market Trends

The market for radiation oncology is primarily driven by the rising cancer cases and the technological advancements aiding the treatment process of the chronic disease. The surging research and development (R&D) by the leading players to develop more efficient and better treatments is also expected to boost the market growth. Moreover, technological advancements and the respiratory gating, trilogy radiosurgery, prostate seed implant, and RapidArc technology are anticipated to catalyse the market growth. Additionally, rising per capita income and the developing infrastructure activities in middle and low-income countries is expected to bolster the radiation oncology industry in the forecast period.

Explore the full report with the table of contents: https://www.expertmarketresearch.com/reports/radiation-oncology-market

Key Market Players

The major players in the market are Accuray Incorporated, Elekta AB, Isoray Medical, Mevion Medical Systems, and Varian Medical Systems, Inc., among 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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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.