Radiation Therapy Equipment Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Radiation oncologists use linear accelerators or cobalt machines to deliver external beam therapy. When it comes to early stages of disease, patients very frequently do well with either brachytherapy or external beam radiation. Success rates of around 90% or higher can be achieved with either approach.
MARKET DYNAMICS
The radiation therapy equipment market is driving due to the factors such as increasing number of patients suffering with various types of cancers and technological advancements in radiation therapy instrumentation. In addition, rising number of healthcare facilities and medical tourism in emerging economies are likely to offer growth opportunities for market players.
MARKET SCOPE
The "Radiation Therapy Equipment Market Analysis to 2031" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of Radiation therapy equipment market with detailed market segmentation by therapy type and end user. The Radiation therapy equipment market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading players in Radiation therapy equipment market and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The radiation therapy equipment market is segmented on the basis of therapy type and end user. Based on therapy type, the market is segmented into external beam radiation therapy, internal radiation therapy, and systemic radiation therapy. On the basis of end user, the market is segmented into hospitals; clinics, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the Radiation therapy equipment market based on various segments. It also provides market size and forecast estimates from year 2021 to2031with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Radiation therapy equipment market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Radiation therapy equipment market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors affecting the Radiation therapy equipment market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the Radiation therapy equipment market based on various segments. It also provides market size and forecast estimates from year 2021 to2031with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Radiation therapy equipment market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Radiation therapy equipment market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors affecting the Radiation therapy equipment market in these regions.
MARKET PLAYERS
The report covers key developments in the Radiation therapy equipment market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Radiation therapy equipment market are anticipated to have lucrative growth opportunities in the future with the rising demand for Radiation therapy equipment in the global market. Below mentioned is the list of few companies engaged in the Radiation therapy equipment market.
The report also includes the profiles of key players in Radiation therapy equipment market along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered financial information of last 3 years, key development in past five years.
- Accuray Inc.
- BrainLab AG
- Elekta AB
- GE Healthcare
- Hitachi America Ltd.
- IBA Group
- Nordion Inc.
- Philips Healthcare
- RaySearch Laboratories AB
- Sumitomo Heavy Industries Ltd.
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Radiation Therapy Equipment Market - By Therapy Type
1.3.2 Radiation Therapy Equipment Market - By End User
1.3.3 Radiation Therapy Equipment Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. RADIATION THERAPY EQUIPMENT MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. RADIATION THERAPY EQUIPMENT MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. RADIATION THERAPY EQUIPMENT MARKET - GLOBAL MARKET ANALYSIS
6.1. RADIATION THERAPY EQUIPMENT - GLOBAL MARKET OVERVIEW
6.2. RADIATION THERAPY EQUIPMENT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. RADIATION THERAPY EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - THERAPY TYPE
7.1. OVERVIEW
7.2. THERAPY TYPE MARKET FORECASTS AND ANALYSIS
7.3. EXTERNAL BEAM RADIATION THERAPY
7.3.1. Overview
7.3.2. External Beam Radiation Therapy Market Forecast and Analysis
7.4. INTERNAL RADIATION THERAPY
7.4.1. Overview
7.4.2. Internal Radiation Therapy Market Forecast and Analysis
7.5. SYSTEMIC RADIATION THERAPY
7.5.1. Overview
7.5.2. Systemic Radiation Therapy Market Forecast and Analysis
8. RADIATION THERAPY EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - END USER
8.1. OVERVIEW
8.2. END USER MARKET FORECASTS AND ANALYSIS
8.3. HOSPITALS
8.3.1. Overview
8.3.2. Hospitals Market Forecast and Analysis
8.4. CLINICS
8.4.1. Overview
8.4.2. Clinics Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. RADIATION THERAPY EQUIPMENT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Radiation Therapy Equipment Market Overview
9.1.2 North America Radiation Therapy Equipment Market Forecasts and Analysis
9.1.3 North America Radiation Therapy Equipment Market Forecasts and Analysis - By Therapy Type
9.1.4 North America Radiation Therapy Equipment Market Forecasts and Analysis - By End User
9.1.5 North America Radiation Therapy Equipment Market Forecasts and Analysis - By Countries
9.1.5.1 United States Radiation Therapy Equipment Market
9.1.5.1.1 United States Radiation Therapy Equipment Market by Therapy Type
9.1.5.1.2 United States Radiation Therapy Equipment Market by End User
9.1.5.2 Canada Radiation Therapy Equipment Market
9.1.5.2.1 Canada Radiation Therapy Equipment Market by Therapy Type
9.1.5.2.2 Canada Radiation Therapy Equipment Market by End User
9.1.5.3 Mexico Radiation Therapy Equipment Market
9.1.5.3.1 Mexico Radiation Therapy Equipment Market by Therapy Type
9.1.5.3.2 Mexico Radiation Therapy Equipment Market by End User
9.2. EUROPE
9.2.1 Europe Radiation Therapy Equipment Market Overview
9.2.2 Europe Radiation Therapy Equipment Market Forecasts and Analysis
9.2.3 Europe Radiation Therapy Equipment Market Forecasts and Analysis - By Therapy Type
9.2.4 Europe Radiation Therapy Equipment Market Forecasts and Analysis - By End User
9.2.5 Europe Radiation Therapy Equipment Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Radiation Therapy Equipment Market
9.2.5.1.1 Germany Radiation Therapy Equipment Market by Therapy Type
9.2.5.1.2 Germany Radiation Therapy Equipment Market by End User
9.2.5.2 France Radiation Therapy Equipment Market
9.2.5.2.1 France Radiation Therapy Equipment Market by Therapy Type
9.2.5.2.2 France Radiation Therapy Equipment Market by End User
9.2.5.3 Italy Radiation Therapy Equipment Market
9.2.5.3.1 Italy Radiation Therapy Equipment Market by Therapy Type
9.2.5.3.2 Italy Radiation Therapy Equipment Market by End User
9.2.5.4 Spain Radiation Therapy Equipment Market
9.2.5.4.1 Spain Radiation Therapy Equipment Market by Therapy Type
9.2.5.4.2 Spain Radiation Therapy Equipment Market by End User
9.2.5.5 United Kingdom Radiation Therapy Equipment Market
9.2.5.5.1 United Kingdom Radiation Therapy Equipment Market by Therapy Type
9.2.5.5.2 United Kingdom Radiation Therapy Equipment Market by End User
9.2.5.6 Rest of Europe Radiation Therapy Equipment Market
9.2.5.6.1 Rest of Europe Radiation Therapy Equipment Market by Therapy Type
9.2.5.6.2 Rest of Europe Radiation Therapy Equipment Market by End User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Radiation Therapy Equipment Market Overview
9.3.2 Asia-Pacific Radiation Therapy Equipment Market Forecasts and Analysis
9.3.3 Asia-Pacific Radiation Therapy Equipment Market Forecasts and Analysis - By Therapy Type
9.3.4 Asia-Pacific Radiation Therapy Equipment Market Forecasts and Analysis - By End User
9.3.5 Asia-Pacific Radiation Therapy Equipment Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Radiation Therapy Equipment Market
9.3.5.1.1 Australia Radiation Therapy Equipment Market by Therapy Type
9.3.5.1.2 Australia Radiation Therapy Equipment Market by End User
9.3.5.2 China Radiation Therapy Equipment Market
9.3.5.2.1 China Radiation Therapy Equipment Market by Therapy Type
9.3.5.2.2 China Radiation Therapy Equipment Market by End User
9.3.5.3 India Radiation Therapy Equipment Market
9.3.5.3.1 India Radiation Therapy Equipment Market by Therapy Type
9.3.5.3.2 India Radiation Therapy Equipment Market by End User
9.3.5.4 Japan Radiation Therapy Equipment Market
9.3.5.4.1 Japan Radiation Therapy Equipment Market by Therapy Type
9.3.5.4.2 Japan Radiation Therapy Equipment Market by End User
9.3.5.5 South Korea Radiation Therapy Equipment Market
9.3.5.5.1 South Korea Radiation Therapy Equipment Market by Therapy Type
9.3.5.5.2 South Korea Radiation Therapy Equipment Market by End User
9.3.5.6 Rest of Asia-Pacific Radiation Therapy Equipment Market
9.3.5.6.1 Rest of Asia-Pacific Radiation Therapy Equipment Market by Therapy Type
9.3.5.6.2 Rest of Asia-Pacific Radiation Therapy Equipment Market by End User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Radiation Therapy Equipment Market Overview
9.4.2 Middle East and Africa Radiation Therapy Equipment Market Forecasts and Analysis
9.4.3 Middle East and Africa Radiation Therapy Equipment Market Forecasts and Analysis - By Therapy Type
9.4.4 Middle East and Africa Radiation Therapy Equipment Market Forecasts and Analysis - By End User
9.4.5 Middle East and Africa Radiation Therapy Equipment Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Radiation Therapy Equipment Market
9.4.5.1.1 South Africa Radiation Therapy Equipment Market by Therapy Type
9.4.5.1.2 South Africa Radiation Therapy Equipment Market by End User
9.4.5.2 Saudi Arabia Radiation Therapy Equipment Market
9.4.5.2.1 Saudi Arabia Radiation Therapy Equipment Market by Therapy Type
9.4.5.2.2 Saudi Arabia Radiation Therapy Equipment Market by End User
9.4.5.3 U.A.E Radiation Therapy Equipment Market
9.4.5.3.1 U.A.E Radiation Therapy Equipment Market by Therapy Type
9.4.5.3.2 U.A.E Radiation Therapy Equipment Market by End User
9.4.5.4 Rest of Middle East and Africa Radiation Therapy Equipment Market
9.4.5.4.1 Rest of Middle East and Africa Radiation Therapy Equipment Market by Therapy Type
9.4.5.4.2 Rest of Middle East and Africa Radiation Therapy Equipment Market by End User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Radiation Therapy Equipment Market Overview
9.5.2 South and Central America Radiation Therapy Equipment Market Forecasts and Analysis
9.5.3 South and Central America Radiation Therapy Equipment Market Forecasts and Analysis - By Therapy Type
9.5.4 South and Central America Radiation Therapy Equipment Market Forecasts and Analysis - By End User
9.5.5 South and Central America Radiation Therapy Equipment Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Radiation Therapy Equipment Market
9.5.5.1.1 Brazil Radiation Therapy Equipment Market by Therapy Type
9.5.5.1.2 Brazil Radiation Therapy Equipment Market by End User
9.5.5.2 Argentina Radiation Therapy Equipment Market
9.5.5.2.1 Argentina Radiation Therapy Equipment Market by Therapy Type
9.5.5.2.2 Argentina Radiation Therapy Equipment Market by End User
9.5.5.3 Rest of South and Central America Radiation Therapy Equipment Market
9.5.5.3.1 Rest of South and Central America Radiation Therapy Equipment Market by Therapy Type
9.5.5.3.2 Rest of South and Central America Radiation Therapy Equipment Market by End User
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL RADIATION THERAPY EQUIPMENT MARKET
10.1 North America
10.2 Europe
10.3 Asia-Pacific
10.4 Middle East and Africa
10.5 South and Central America
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. RADIATION THERAPY EQUIPMENT MARKET, KEY COMPANY PROFILES
12.1. ACCURAY INC.
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. BRAINLAB AG
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. ELEKTA AB
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. GE HEALTHCARE
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. HITACHI AMERICA LTD.
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. IBA GROUP
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. NORDION INC.
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. PHILIPS HEALTHCARE
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. RAYSEARCH LABORATORIES AB
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. SUMITOMO HEAVY INDUSTRIES LTD.
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. Accuray Inc.
2. BrainLab AG
3. Elekta AB
4. GE Healthcare
5. Hitachi America Ltd.
6. IBA Group
7. Nordion Inc.
8. Philips Healthcare
9. RaySearch Laboratories AB
Sumitomo Heavy Industries Ltd.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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