External Beam Radiation Therapy Market: Description
Ionizing radiations are used in radiotherapy, commonly referred to as radiation treatment, to administer focused beams of radiation that kill and destroy cancer cells. The sophisticated technology employed in radiotherapy kills malignant cells by hitting them with radiation while causing the least amount of harm to the healthy cells around. The most successful and economical cancer treatment is radiotherapy, which improves tumour and toxicity management when combined with cutting-edge technology like image guided therapy.
External Beam Radiation Therapy Market: Overview
The market for radiation, which was valued at $6.5 billion in 2021, is expected to increase at a CAGR of 6.3% from 2022 to 2031 to reach $11.9 billion.
Cancer patients receive radiotherapy, also referred to as radiation therapy, to treat their condition by eliminating cancerous cells and shrinking tumours. During radiation, X-rays, gamma rays, and charged particles are often utilised radiotherapy markets.
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Technology Perspectives
Radiation oncology was dominated by the IMRT technology sector in 2020, which contributed the biggest revenue share of 25.0%. With IMRT, the radiation dose can be adjusted during therapy to target only cancer cells while minimising the harm to nearby healthy tissues. Radiation doses are applied precisely to malignancies using linear accelerators. This technology led the radiation oncology market in 2020 because to its outstanding reliability and capacity to modify radiotherapy beams at complicated tumour sites.
A Radixact system, an Image-guided, Intensity-modulated Radiation Therapy (IG-IMRT) device created by Accuray, Inc., was purchased by Swiss Medical Network in July 2019 to offer patients a highly accurate radiation system. The implementation of these precise systems by hospitals is anticipated Healthcare organizations are now working in a dynamic environment, undergoing seismic transformations as a result of the introduction of innovative medical treatments and increased internet usage. This, along with unparalleled online access to astounding amounts of information, has made astute patients more careful. As a result, the demand for smart, affordable, and tailored healthcare services has surged. The COVID-19 pandemic has further resulted in higher demand for healthcare and related products & services further strengthening the performance of overall healthcare industry.
External Beam Radiation Therapy Market: Segment Analysis
Global External beam Radiation Therapy Market: By Type
Conformal Radiation Therapy
Proton Beam Therapy
Image Guided Radiation Therapy
By Application
Hospitals
Specialty Clinics
key players
Elekta AB
Varian Medical Systems
IBA Radiopharma Solutions
Accuray
Isoray
Mevion Medical Systems
Hitachi
ViewRay
Panacea Medical Technologies
Key Regions & Countries
North America (the United States, Canada, and Mexico), Europe, (Germany, France, UK, Russia, and Italy), Asia-Pacific (China, Japan, Korea, India, and Southeast Asia), South America (Brazil, Argentina, Colombia, etc.), and The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa).
FAQs
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