Radiotherapy Market Competitive Analysis: Elekta, Accuray Incorporated, Ion Beam Applications SA, BD, Eckert & Ziegler, Hitachi Ltd

The Radiotherapy Market report lists and studies the leading competitors, as well as provide insights with strategic industry Analysis of the key factors influencing the market dynamics. In this report, the market is segmented according to type, application, end-users, and region. Moreover, it presents a granular analysis of the market share, segmentation, revenue forecasts, and geographic regions of the market. Each segment and sub-segment is studied carefully to provide a broad segmental analysis of the global Radiotherapy Market. Such segmental analysis will help clients to focus on high-growth areas of the global market.

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The dominant players in the global radiotherapy market are:

Varian Medical Systems, Inc. (US),
Elekta (Sweden),
Accuray Incorporated (US),
Ion Beam Applications SA (Belgium),
BD (US),
Eckert & Ziegler (Germany),
Hitachi Ltd. (Japan),
ICAD, Inc. (US),
IntraOp Medical, Inc. (US),
IsoRay Medical, Inc. (US),
Mevion Medical Systems, Inc. (US),
Panacea Medical Technologies Pvt. Ltd. (India),
P-cure Ltd. (Israel),
ViewRay, Inc. (US),
and ZEISS Group (Germany),
among others.

Radiotherapy Market by Product (LINAC, CyberKnife, Gamma Knife, Tomotherapy, Particle Therapy, Cyclotron), Procedure (External (IMRT, IGRT, 3D-CRT) Internal (LDR, HDR)), Application (Prostate, Breast, Lung), End-User (Hospitals) – Global Forecasts to 2026 The global radiotherapy market is valued at USD 5.9 billion in 2021 and is expected to reach USD 7.3 billion by 2026, at a CAGR of 4.2% during the forecast period.

Radiotherapy Market report performs a study of the Medical Devices industry precisely which explains what the market definition, classifications, applications, engagements, and global industry trends are. This market research report is a great option to make better decisions, generate maximum revenue, and enhance business profit. In this competitive age, comprehensive knowledge about the competitive landscape, the product range of the competitors, their strategies, and future prospects are very important. Additionally, this Radiotherapy Market business research report combines historic data, current market trends, market environment, technological innovation, upcoming technologies, and the technical progress in the related industry.

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The growth of this market is primarily driven by the rising burden of target diseases and increasing investments, funds, and grants for the development of novel products. Additionally, the growing adoption of radiotherapy procedures for cancer treatment, increasing use of particle therapy for cancer treatment, and the rising number of conferences and symposia focusing on the advancements in radiotherapy are some of the other major factors driving the growth of this market. However, the underdeveloped public health infrastructure in emerging countries, shortage of trained and skilled radiation oncologists, and the limited access to and affordability of various radiotherapy treatment options are the major factors that are expected to restrain the growth of this market during the forecast period.

“The prostate cancer segment, by application, accounted for the largest share of the external beam as well as internal beamradiotherapy market in 2020”

On the basis of application, the radiotherapy market is classified into two major segments—external beam radiotherapy and internal beam radiotherapy/brachytherapy applications. Based on indication, the external beam radiotherapy applications segment is further divided into prostate cancer, breast cancer, lung cancer, colorectal cancer, head and neck cancer (laryngeal cancer, hypopharyngeal cancer, oropharyngeal cancer, and oral cavity cancer), and other cancers (pancreatic cancer, brain cancer, and gastrointestinal cancer, among others). The prostate cancer segment accounted for a significant share of both EBRT and brachytherapy market owing to the high and growing prevalence of prostate cancer and the positive outcomes for prostate cancer treatment usingradiotherapy.

“The particle therapy segment of product, to register a significant growth rate amongst the external beam radiotherapy products, owing to new product launches and approvals”

On the basis of product, the radiotherapy market is segmented into external beam radiotherapy, internal beam radiotherapy/brachytherapy, and systemic radiotherapy products. The external beam radiotherapy products segment is further divided into linear accelerators, particle therapy systems, and conventional cobalt-60 teletherapy units. The internal beam radiotherapy/brachytherapy products segment includes seeds, applicators, afterloaders, and IORT systems, while the systemic radiotherapy segment includes iobenguane (I-131), samarium-153, rhenium-186, and other radioisotopes (Yttrium-90, Radium-223, Phosphorous-32, and Radio-labelled antibodies, among others). In 2020, the particle therapy segment accounted for the largest growth rate, mainly due to the growing prevalence of cancer, continuous product development, and launches during last three years. For instance, Varian launched the ProBeam 360° single-room proton therapy system in 2018 and introduced a multi-room configuration for the same product in 2019. Similarly, Mevion received FDA 510(k) clearance for the MEVION S250i Proton Therapy System, including the HYPERSCAN pencil beam scanning (PBS) technology, in January 2018.

“Increased installations and government initiatives to drive the segment growth of hospitals end user segment”

Based on end user, the radiotherapy market has been segmented into hospitals and independent radiotherapy centers. The hospitals segment accounted for the largest share of the radiotherapy market owing to the rising global prevalence of cancer, increasing installations of advanced radiotherapy equipment in developed as well as developing regions, increasing government initiatives aimed at equipping (or upgrading) hospitals with newer and advanced radiotherapy systems, and the increasing availability of funding for the adoption of advanced cancer treatment technologies. In 2021, Children’s Hospital of Fudan University, Shanghai and Shanghai Fosun Healthcare (Group) Co., Ltd. (China) signed an agreement with Mevion Medical Systems to establish the first pediatric proton therapy center in China. Many more such recent developments will drive the market for hospital end user segment.

“The US market, by region, commanded the largest market share in 2020”

On the basis of region, the radiotherapy market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The North America held the major share of the global radiotherapy market in 2020. The large share of the North American market can be attributed to factors such as the ongoing technological advancements, rising incidence of cancer, improving reimbursement scenario, and the rising focus of key players on strengthening their presence in the region.

A breakdown of the primary participants referred to for this report is provided below:

By Company Type: Tier 1–45%, Tier 2–34%, and Tier 3– 21%
By Designation: C-level–47%, Director-level–33%, and Others–20%
By Region: North America–35%, Europe–32%, Asia Pacific–25%, Latin America–6%, and the Middle East & Africa–2%

Research Coverage

This report studies the radiotherapy market based on product, procedure, application, end user, and region. It also covers the factors affecting market growth, analyzes the various opportunities and challenges in the market, and provides details of the competitive landscape for market leaders. Furthermore, the report analyzes micromarkets with respect to their individual growth trends and forecasts the revenue of the market segments with respect to five main regions (and the respective countries in these regions).

Reasons to Buy the Report

The report will enable established firms as well as entrants/smaller firms to gauge the pulse of the market, which, in turn, would help them to garner a larger market share. Firms purchasing the report could use one or a combination of the below-mentioned strategies for strengthening their market presence.

This report provides insights on the following pointers:

Market Penetration: Comprehensive information on the product portfolios offered by the top players in the radiotherapy market

Product Development/Innovation: Detailed insights on the upcoming trends, R&D activities, and product launches in the radiotherapy market

Market Development: Comprehensive information on lucrative emerging regions

Market Diversification: Exhaustive information about new products, growing geographies, and recent developments in the radiotherapy market

Competitive Assessment: In-depth assessment of market segments, growth strategies, revenue analysis, and products of the leading market players.

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Table Of Contents

1 Introduction
1.1 Objectives Of The Study
1.2 Market Definition
1.2.1 Inclusions & Exclusions
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Years Considered For The Study
1.4 Currency Used For The Study
1.5 Market Stakeholders
1.6 Summary Of Changes

2 Research Methodology
2.1 Research Data
Figure 1 Research Design
2.1.1 Secondary Data
2.1.2 Primary Data
Figure 2 Breakdown Of Primaries: Radiotherapy Market
2.2 Market Estimation Methodology
Figure 3 Research Methodology: Hypothesis Building
2.2.1 Revenue Mapping-Based Market Estimation
2.2.2 Usage-Based Market Estimation
Figure 4 Market Size Estimation Methodology: Global Radiotherapy Market
2.2.3 Primary Research Validation
2.3 Data Triangulation
Figure 5 Data Triangulation
2.4 Research Assumptions
2.5 Research Limitations

3 Executive Summary
Figure 6 Radiotherapy Market, By Product, 2021 Vs. 2026 (Usd Million)
Figure 7 External Beam Radiotherapy Market, By Application, 2021 Vs. 2026 (Usd Million)
Figure 8 Internal Beam Radiotherapy/Brachytherapy Market, By Procedure, 2021 Vs. 2026 (Usd Million)
Figure 9 Radiotherapy Market Share, By End User, 2021 Vs. 2026
Figure 10 Geographical Snapshot Of The Radiotherapy Market

4 Premium Insights
4.1 Radiotherapy Market Overview
Figure 11 Rising Cancer Prevalence Across The Globe To Drive The Growth Of The Radiotherapy Market
4.2 Europe: External Beam Radiotherapy Market, By Product And Region
Figure 12 Liner Accelerators Segment To Account For The Largest Share
4.3 North America: Internal Beam Radiotherapy Market, By Application, 2021 Vs. 2026 (Usd Million)
Figure 13 Prostate Cancer Treatment Is The Largest Application Of Internal Beam Radiotherapy In North America
4.4 Geographic Snapshot Of The Radiotherapy Market
Figure 14 China To Register The Highest Cagr During The Forecast Period

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 15 Radiotherapy Market: Drivers, Restraints, Opportunities, And Challenges
5.2.1 Drivers
5.2.1.1 Technological Advancements
5.2.1.2 Expansion Of The Target Patient Population
5.2.1.3 Increasing Number Of Conferences And Symposia Focusing On Spreading Awareness About The Benefits Of Radiotherapy
5.2.1.4 Growing Use Of Particle Therapy For Cancer Treatment
5.2.2 Key Market Restraints
5.2.2.1 Lack Of Adequate Healthcare Infrastructure
5.2.2.2 Shortage Of Skilled Oncologists/Radiologists
5.2.2.3 Affordability And Accessibility Of Treatment
5.2.2.4 Complex Nature Of Radiotherapy
5.2.3 Key Market Opportunities
5.2.3.1 Rising Healthcare Expenditure Across Developing Countries
5.2.3.2 Growing Government And Private Investments To Meet The Increasing Demand For Cancer Treatment
5.2.4 Challenges
5.2.4.1 Difficulties In Visualizing Tumors During Radiotherapy Procedures
5.2.4.2 Risk Of Radiation Exposure
5.3 Porter’s Five Forces Analysis
5.3.1 Overview
Table 1 Radiotherapy Market: Porter’s Five Forces Analysis
5.3.2 Threat Of New Entrants
Figure 16 Threat Of New Entrants
5.3.3 Threat Of Substitutes
Figure 17 Threat Of Substitutes
5.3.4 Bargaining Power Of Suppliers
Figure 18 Bargaining Power Of Suppliers
5.3.5 Bargaining Power Of Buyers
Figure 19 Bargaining Power Of Buyers
5.3.6 Degree Of Competition
Figure 20 Degree Of Competition
5.4 Regulatory Scenario
5.4.1 Us
Table 2 Us: Medical Device Regulatory Approval Process
5.4.2 Europe
5.4.3 Japan
Table 3 Japan: Medical Device Classification Under Pmda
5.4.4 Emerging Countries
5.5 Reimbursement Scenario
Table 4 Reimbursement Codes For Radiotherapy And Related Procedures
5.6 Ecosystem Coverage
5.7 Value Chain Analysis
5.8 Covid-19 Impact On The Radiotherapy Market
5.9 Pricing Analysis
5.10 Patent Analysis
5.10.1 Patent Details
Figure 21 Patent Analysis, January 2011–March 2021

6 Radiotherapy Market, By Product
6.1 Introduction
Table 5 Radiotherapy Market, By Product, 2019–2026 (Usd Million)
6.2 External Beam Radiotherapy Products
Table 6 External Beam Radiotherapy Products Market, By Type, 2019–2026 (Usd Million)
Table 7 External Beam Radiotherapy Products Market, By Region, 2019–2026 (Usd Million)
6.2.1 Linear Accelerators
Table 8 Linear Accelerators Market, By Type, 2019–2026 (Usd Million)
Table 9 Linear Accelerators Market, By Region, 2019–2026 (Usd Million)
6.2.2 Conventional Linear Accelerators
6.2.2.1 Lower Equipment And Maintenance Cost Will Drive The Market For Conventional Linacs
Table 10 Conventional Linear Accelerators Market, By Region, 2019–2026 (Usd Million)
6.2.3 Stereotactic Advanced Electron/Cobalt-60 Linear Accelerators
Table 11 Stereotactic Advanced Electron/Cobalt-60 Linear Accelerators Market, By Type, 2019–2026 (Usd Million)
Table 12 Stereotactic Advanced Electron/Cobalt-60 Linear Accelerators Market, By Region, 2019–2026 (Usd Million)
6.2.3.1 Cyberknife
6.2.3.1.1 Cyberknife Offers A Precise Radiation Delivery Method With Specialized Tracking And Robotic Correction Capabilities
Table 13 Cyberknife Market, By Region, 2019–2026 (Usd Million)
6.2.3.2 Gamma Knife
6.2.3.2.1 Gamma Knife Offers Promising Results For Brain Metastasis Patients
Table 14 Gamma Knife Market, By Region, 2019–2026 (Usd Million)
6.2.3.3 Tomotherapy
6.2.3.3.1 Continuous Product Development And Launches Adding To The Growth Prospects Of This Market Segment
Table 15 Tomotherapy Market, By Region, 2019–2026 (Usd Million)
6.2.4 Particle Therapy Systems
Table 16 Particle Therapy Systems Market, By Type, 2019–2026 (Usd Million)
Table 17 Particle Therapy Systems Market, By Region, 2019–2026 (Usd Million)
6.2.4.1 Cyclotrons
6.2.4.1.1 Leading Players In The Particle Therapy Market Mainly Manufacture Cyclotrons
Table 18 Cyclotrons Market, By Region, 2019–2026 (Usd Million)
6.2.4.2 Synchrotrons
6.2.4.2.1 Increasing Investments For The Development Of Synchrotron Facilities Are Contributing To Market Growth
Table 19 Synchrotrons Market, By Region, 2019–2026 (Usd Million)
6.2.4.3 Synchrocyclotrons
6.2.4.3.1 High Space Requirements Of Synchrocyclotrons Are Limiting Their Widespread Adoption
Table 20 Synchrocyclotrons Market, By Region, 2019–2026 (Usd Million)
6.2.5 Conventional Cobalt-60 Teletherapy Units
6.2.5.1 High Cost And Risk Of Radiation Exposure With Cobalt-60 Radio Isotopes Have Hindered The Growth Of This Segment
Table 21 Conventional Cobalt-60 Teletherapy Units Market, By Region, 2019–2026 (Usd Million)
6.3 Internal Beam Radiotherapy/Brachytherapy Products
Table 22 Internal Beam Radiotherapy/Brachytherapy Products Market, By Type, 2019–2026 (Usd Million)
Table 23 Internal Beam Radiotherapy/Brachytherapy Products Market, By Region, 2019–2026 (Usd Million)
6.3.1 Seeds
6.3.1.1 Adverse Side-Effects Associated With Seeds Limit Their Adoption
Table 24 Internal Beam Radiotherapy/Brachytherapy Seeds Market, By Region, 2019–2026 (Usd Million)
6.3.2 Applicators
6.3.2.1 Manual Applicators Pose A High Risk Of Radiation Exposure To The Patients And Staff
Table 25 Internal Beam Radiotherapy/Brachytherapy Applicators Market, By Region, 2019–2026 (Usd Million)
6.3.3 Afterloaders
6.3.3.1 Modern Afterloaders Offer Proper Positioning And Better Control Of Isotopes Inside The Body Of Patients
Table 26 Internal Beam Radiotherapy/Brachytherapy Afterloaders Market, By Region, 2019–2026 (Usd Million)
6.3.4 Iort Systems
6.3.4.1 Growing Adoption Of Electronic Brachytherapy Procedures To Support The Growth Of This Market Segment
Table 27 Iort Systems Market, By Region, 2019–2026 (Usd Million)
6.4 Systemic Radiotherapy
6.4.1 Iobenguane (I-131)
6.4.2 Samarium-153
6.4.3 Rhenium-186
6.4.4 Other Systemic Radiotherapy Products

7 Radiotherapy Market, By Application
7.1 Introduction
Table 28 Radiotherapy Market, By Application, 2019–2026 (Usd Million)
7.2 External Beam Radiotherapy Applications
Table 29 External Beam Radiotherapy Applications Market, By Type, 2019–2026 (Usd Million)
Table 30 External Beam Radiotherapy Applications Market, By Region, 2019–2026 (Usd Million)
7.2.1 Prostate Cancer
7.2.1.1 High Incidence Rate And Efficiency Of Ebrt For Prostate Cancer Treatment To Drive The Growth Of This Market Segment
Table 31 External Beam Radiotherapy Market For Prostate Cancer, By Region, 2019–2026 (Usd Million)
7.2.2 Breast Cancer
7.2.2.1 Therapeutic Benefits Of Ebrt For Breast Cancer Over Other Treatments To Drive The Growth Of This Market Segment
Table 32 External Beam Radiotherapy Market For Breast Cancer, By Region, 2019–2026 (Usd Million)
7.2.3 Lung Cancer
7.2.3.1 Radiotherapy Can Be Used As An Adjuvant Therapy With Surgical Procedures Or Chemotherapy Or As A Curative Therapy For Lung Cancer
Table 33 External Beam Radiotherapy Market For Lung Cancer, By Region, 2019–2026 (Usd Million)
7.2.4 Head & Neck Cancer
7.2.4.1 Benefits Of Ebrt Will Increase Its Use In Head And Neck Cancer Treatment
Table 34 External Beam Radiotherapy Market For Head & Neck Cancer, By Region, 2019–2026 (Usd Million)
7.2.5 Colorectal Cancer
7.2.5.1 Availability Of Alternative Therapeutic Options To Limit The Growth Of This Market Segment
Table 35 External Beam Radiotherapy Market For Colorectal Cancer, By Region, 2019–2026 (Usd Million)
7.2.6 Other Cancers
Table 36 External Beam Radiotherapy Market For Other Cancers, By Region, 2019–2026 (Usd Million)
7.3 Internal Beam Radiotherapy/Brachytherapy Applications
Table 37 Internal Beam Radiotherapy/Brachytherapy Applications Market, By Type, 2019–2026 (Usd Million)
Table 38 Internal Beam Radiotherapy/Brachytherapy Applications Market, By Region, 2019–2026 (Usd Million)
7.3.1 Prostate Cancer
7.3.1.1 Precision And Rapidity Of Brachytherapy In Prostate Cancer Treatment To Drive The Growth Of This Market Segment
Table 39 Internal Beam Radiotherapy/Brachytherapy Market For Prostate Cancer, By Region, 2019–2026 (Usd Million)
7.3.2 Gynecological Cancer
7.3.2.1 Availability Of Alternatives To Hinder The Adoption Of Brachytherapy In Gynecological Cancer Treatment
Table 40 Internal Beam Radiotherapy/Brachytherapy Market For Gynecological Cancer, By Region, 2019–2026 (Usd Million)
7.3.3 Breast Cancer
7.3.3.1 Precision And Rapidity Of Brachytherapy Treatment Are Driving Its Use In Breast Cancer Applications
Table 41 Internal Beam Radiotherapy/Brachytherapy Market For Breast Cancer, By Region, 2019–2026 (Usd Million)
7.3.4 Cervical Cancer
7.3.4.1 Brachytherapy Is An Important Part Of The Treatment Of Cervical Cancer Patients When Radiation Therapy Is The Primary Choice Of Curative Treatment
Table 42 Internal Beam Radiotherapy/Brachytherapy Market For Cervical Cancer, By Region, 2019–2026 (Usd Million)
7.3.5 Cancer
7.3.5.1 Interstitial Brachytherapy Is The Standard Conservative Therapy For Localized
Table 43 Internal Beam Radiotherapy/Brachytherapy Market For Cancer, By Region, 2019–2026 (Usd Million)
7.3.6 Other Cancers
Table 44 Internal Beam Radiotherapy/Brachytherapy Market For Other Cancers, By Region, 2019–2026 (Usd Million)

8 Radiotherapy Market, By Procedure
8.1 Introduction
Table 45 Radiotherapy Market, By Procedure, 2019–2026 (Usd Million)
8.2 External Beam Radiotherapy
Table 46 External Beam Radiotherapy Market, By Type, 2019–2026 (Usd Million)
Table 47 External Beam Radiotherapy Market, By Region, 2019–2026 (Usd Million)
8.3 Image-Guided Radiotherapy
Table 48 Image-Guided Radiotherapy Market, By Region, 2019–2026 (Usd Million)
8.3.1 Intensity-Modulated Radiotherapy
8.3.1.1 The Radiation Intensity Of Each Beam In Imrt Is Controlled, And The Beam Shape Changes Throughout Each Treatment.
Table 49 Intensity-Modulated Radiotherapy Market, By Region, 2019–2026 (Usd Million)
8.3.2 3d Conformal Radiotherapy
8.3.2.1 Multiple Beams With 3d-Crt Allow Precise Radiation Conforming To The Tumor Shape And Size
Table 50 3d Conformal Radiotherapy Market, By Region, 2019–2026 (Usd Million)
8.3.3 Stereotactic Therapy
8.3.3.1 Stereotactic Therapy Offers A Minimally Invasive Alternative To Ablation Surgeries
Table 51 Stereotactic Therapy Market, By Region, 2019–2026 (Usd Million)
8.3.4 Particle Therapy
8.3.4.1 Adoption Of Particle Therapy As The Primary Mode Of Cancer Treatment Is Increasing
Table 52 Particle Therapy Market, By Region, 2019–2026 (Usd Million)
8.4 Internal Beam Radiotherapy/Brachytherapy
Table 53 Internal Beam Radiotherapy/Brachytherapy Market, By Type, 2019–2026 (Usd Million)
Table 54 Internal Beam Radiotherapy/Brachytherapy Market, By Region, 2019–2026 (Usd Million)
8.4.1 High-Dose-Rate Brachytherapy
8.4.1.1 Electronic Brachytherapy Is One Of The Recent Advancements In This Technique
Table 55 High-Dose-Rate Brachytherapy Market, By Region, 2019–2026 (Usd Million)
8.4.2 Low-Dose-Rate Brachytherapy
8.4.2.1 Lower Risk Of Radiation Exposure To The Surrounding Tissues To Support The Growth Of This Market Segment
Table 56 Low-Dose-Rate Brachytherapy Market, By Region, 2019–2026 (Usd Million)
8.4.3 Pulsed-Dose-Rate Brachytherapy
8.4.3.1 Pulsed-Dose-Rate Brachytherapy Combines The Advantages Of Hdr And Ldr Brachytherapy
Table 57 Pulsed-Dose-Rate Brachytherapy Market, By Region, 2019–2026 (Usd Million)
8.5 Systemic Radiotherapy
8.5.1 Intravenous Radiotherapy
8.5.2 Oral Radiotherapy
8.5.3 Instillation Radiotherapy

9 Radiotherapy Market, By End User
9.1 Introduction
Table 58 Radiotherapy Market, By End User, 2019–2026 (Usd Million)
9.2 Hospitals
9.2.1 Increasing Number Of Supply Deals Of Advanced Radiotherapy Products Between Companies And Hospitals To Drive Market Growth
Table 59 Radiotherapy Market For Hospitals, By Region, 2019–2026 (Usd Million)
9.3 Independent Radiotherapy Centers
9.3.1 Rising Consolidation Of Healthcare Networks Is Challenging The Growth Of Free-Standing Radiotherapy Centers
Table 60 Radiotherapy Market For Independent Radiotherapy Centers, By Region, 2019–2026 (Usd Million)

10 Radiotherapy Market, By Region

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