(Companies Covered: Varian Medical Systems, Elekta AB, Accuray Inc., C.R.Bard Inc., IBA Ion Beam Applications SA, Koniklijike Philips N.V., Siemens AG, Eckert & Ziegler Bebig, IsoRay, Inc)
The global radiotherapy devices market is expected to decline from $5.75 billion in 2019 to $5.44 billion in 2020 at a compound annual growth rate of -5.35%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities. The entire supply chain has been disrupted, impacting the market negatively. The market is then expected to recover and reach $6.94 billion in 2023 at a compound annual growth rate of 8.47%.
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The radiotherapy devices market consists of sales of radiotherapy devices and related services by entities (organizations, sole traders and partnerships) that manufacture radiotherapy devices. Radiotherapy devices are used in cancer treatment by using high doses of radiation to kill cancer cells and shrink tumors. Only goods and services traded between entities or sold to end consumers are included.
Global Radiotherapy Devices Market Segmentation –
1) By Product Type: External Beam Radiation Therapy Devices, Linear Accelerator Devices, and Proton Therapy Devices.
2) By Application: Skin Cancer, Breast Cancer, Prostate Cancer, Cervical Cancer, Lung Cancer, Others.
3) By End Users: Hospitals, Ambulatory Surgical Centers, Oncological Treatment Centers.
Global Radiotherapy Devices Market Driver –
Technological advancement is anticipated to drive the demand for the radiotherapy devices market. The advancement in technology is helping to develop low-cost, more effective and efficient, and user-friendly products with precise and improved radiation doses for increased performance in targeting tumors. The advancement from 2D radiotherapy devices to 3D with real-time imaging enabled high conformity of radiation to improve tumor control.
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Few Points From The Global Radiotherapy Devices Market TOC
1. Executive Summary
2. Radiotherapy Devices Market Characteristics
3. Radiotherapy Devices Market Size And Growth
3.1. Global Radiotherapy Devices Historic Market, 2015 – 2019, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Radiotherapy Devices Forecast Market, 2019 – 2023F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Radiotherapy Devices Market Segmentation
4.1. Global Radiotherapy Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5. Radiotherapy Devices Market Regional And Country Analysis
5.1. Global Radiotherapy Devices Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
6.1. Asia-Pacific Radiotherapy Devices Market Overview
6.2. Asia-Pacific Radiotherapy Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
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