Radiotherapy Market Size, Share, Opportunities, COVID 19 Impact, And Trends By Therapy Type (External Beam Radiotherapy, Internal Beam Radiotherapy/Brachytherapy, Systemic Radiotherapy), By Application (Prostate Cancer, Breast Cancer, Lung Cancer, Head And Neck Cancer, Others), By End-User (Hospitals, Ambulatory Surgical Centres, Others), And By Geography - Forecasts From 2021 To 2026

The global radiotherapy market is evaluated at US$8.058 billion for the year 2019 growing at a CAGR of 8.06% reaching the market size of US$13.861 billion by the year 2026.

The global radiotherapy market growth is expected to be driven by the reduction in treatment cost, the increase in cancer cases, large-scale investments in R&D for cancer treatments, and the development of non-invasive procedures for treatment. The factors such as availability of alternative therapy, inability to be used for metastasis state of cancer, and side effects like skin rashes are likely to hinder the global radiotherapy market.

A key factor expected to be responsible for market growth is the rise in the number of cancer cases at a global level.

The demand for radiotherapy treatment increased in the United States over the years with a significant rise in the number of cancer cases. According to a report by the Centers for Disease Control & Prevention, the number of cancer cases increased from 15,74,811 in 2010 to 17,08,921 in 2018.

The advent of COVID-19 had an adverse impact on the global radiotherapy market. The immense downturn in the global radiation oncology sites is due to the widespread scare of the pandemic during the year 2020. This restricted their movements and patients preferred to stay at home to reduce exposure. Similarly, according to research by the University of Leeds, with Public Health England and the Royal College of Radiologists, reveals that there was a decrease in radiotherapy treatment courses of 19.9% in April, 6.2% in May, and 11.6% in June 2020, compared with the same months the previous year in England. The study also highlighted that the greater use of hypofractionated dosing regimens has helped radiation oncology sites deliver radiation therapy to cancer patients in England during the COVID-19 pandemic, offsetting a massive decline in treatment sessions overall. With the world recovering from the pandemic, many patients are expected to resume their treatments starting from the second quarter of 2021. This trend is expected to continue during the forecast period as well.

Asia Pacific region is expected to grow at a significant pace during the forecast period

The rise in the demand for radiotherapy treatment in the region is major because of the exponential rise in the number of cancer cases in the region. Moreover, the region contributes to more than half of all cancer cases worldwide. This indicates the increasing adoption of radiotherapy measures in order to curb the disease in the coming years.

Radiotherapy Market Scope:

Report Metric	Details
Market size value in 2019	US$8.058 billion
Market size value in 2026	US$13.861 billion
Growth Rate	CAGR of 8.06% from 2019 to 2026
Base year	2019
Forecast period	2021–2026
Forecast Unit (Value)	USD Billion
Segments covered	Therapy Type, Application, End-User, And Geography
Regions covered	North America, South America, Europe, Middle East and Africa, Asia Pacific
Companies covered	Elekta AB, Accuray Incorporated, Ion Beam Applications (IBA), Isoray Medical, Inc., Canon Medical Systems Corporation, Mirada Medical, Eckert & Ziegler, Siemens Healthineers, Varian Medical Systems, Inc, Mevion Medical Systems, Inc.
Customization scope	Free report customization with purchase

Segmentation

• By Therapy type
  • External Beam Radiotherapy
  • Internal Beam Radiotherapy/Brachytherapy
  • Systemic Radiotherapy
• By Application
  • Prostate Cancer
  • Breast Cancer
  • Lung Cancer
  • Head And Neck Cancer
  • Others
• By End-user
  • Hospitals
  • Ambulatory Surgical Centres
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • UK
    • Others
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Others

---

Frequently Asked Questions (FAQs)

Q1. What are the growth prospects for the radiotherapy market?
A1. The global radiotherapy market is projected to grow at a CAGR of 8.06% during the forecast period.

Q2. What is the size of the global radiotherapy market?
A2. Radiotherapy Market was valued at US$8.058 billion in 2019.

Q3. What will be the radiotherapy market size by 2026?
A3. The radiotherapy market is projected to reach a market size of US$13.861 billion by 2026.

Q4. What factors are anticipated to drive the radiotherapy market growth?
A4. The factors such as availability of alternative therapy, inability to be used for metastasis state of cancer, and side effects like skin rashes are likely to hinder the global radiotherapy market.

Q5. Which region holds the largest market share in the radiotherapy market?
A5. Asia Pacific region is expected to grow at a significant pace in the radiotherapy market during the forecast period.