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Global Radiation Oncology Market 2017-2021

Global Radiation Oncology Market 2017-2021

About Radiation Oncology

Radiation treatment, which is also called radiotherapy, irradiation, or X-ray therapy, is one of the most common treatments for cancer. It uses high-energy particles or waves such as X-rays, gamma rays, electron beams, or protons to destroy or damage cancer cells. More than half of all people with cancer are treated with radiation therapy. Radiation therapy can be administered through EBRT or brachytherapy. EBRT delivers high-energy rays or beams from outside the body into the tumor. The beams are generated outside the patient, generally by a linear accelerator (LINAC), and targeted at the tumor site.

Technavio’s analysts forecast the global radiation oncology market to grow at a CAGR of 5.29% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global radiation oncology market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Radiation Oncology Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Accuray
  • C. R. Bard
  • Elekta
  • IBA Worldwide
  • Varian Medical Systems
Other prominent vendors
  • Carl Zeiss Meditec
  • iCAD
  • IsoRay
  • Mevion Medical Systems
  • Nordion
  • NTP Radioisotopes
  • Toshiba Medical Systems
Market driver
  • Increasing incidence of cancer
  • For a full, detailed list, view our report
Market challenge
  • Lack of access to radiotherapy
  • For a full, detailed list, view our report
Market trend
  • Strategic collaborations and M&A
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Radiation Oncology Market 2017-2021

Technavio recognizes the following companies as the key players in the global radiation oncology market: Accuray, C. R. Bard, Elekta, IBA Worldwide, and Varian Medical Systems.

Other Prominent Vendors in the market are: Carl Zeiss Meditec, iCAD, IsoRay, Mevion Medical Systems, Nordion, NTP Radioisotopes, and Toshiba Medical Systems.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is strategic collaborations and M&A. Strategic M&A and collaborations are becoming common in the global radiation oncology market. Key vendors are pursuing M&A to strengthen their market positions and expand their product portfolios. Many vendors are also collaborating with other vendors to expand their market presence.”

According to the report, one driver in the market is increasing incidence of cancer. The incidence of cancers such as lung, breast, prostate, colorectal, and stomach is increasing. In 2012, the global incidence of cancer was approximately two million for billion people. In 2015, the global mortality from cancer was approximately 1,200 for million people. Lung cancer is the most common cancer across the world. In 2012, the global incidence of lung cancer was approximately 250,000 for billion people. Breast cancer is the second most common cancer across the world. In 2012, the global incidence of breast cancer was approximately 240,000 for billion people.

Further, the report states that one challenge in the market is lack of access to radiotherapy. There is a lack of access to radiotherapy due to shortage in investments. Low healthcare expenditure, shortage of equipment, and shortage of trained staff and facilities have resulted in the low adoption of radiation equipment. There is a global shortage of radiotherapy services, with more than 90% of all cancer patients in low-income countries lacking access to radiotherapy. Most installed LINACs are in high-income countries. The global standard for cancer care requires that one radiation megavoltage machine for an average of 150,000 people living in the region. However, many countries in Africa have no radiotherapy equipment.

Companies Mentioned

Accuray, C. R. Bard, Elekta, IBA Worldwide, Varian Medical Systems, Carl Zeiss Meditec, iCAD, IsoRay, Mevion Medical Systems, Nordion, NTP Radioisotopes, and Toshiba Medical Systems.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
  • Market landscape
    • Overview
      • Table Global radiation oncology market: Segmentation
    • Market size and forecast
      • Table Global radiation oncology market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Segmentation by product type
    • Overview
      • Table Global radiation oncology market: Segmentation by product type 2016 (% share)
    • EBRT
      • Table Global EBRT market 2016-2021 ($ millions)
      • Table Global EBRT market: Segmentation by product type
      • Table Major LINACs
      • Table Global LINAC market 2016-2021 ($ millions)
      • Table Major compact advanced radiotherapy systems
      • Table Global compact advanced radiotherapy systems market 2016-2021 ($ millions)
      • Table Global compact advanced radiotherapy systems market: Segmentation by product type 2016 (% share)
      • Table Major proton therapy systems
      • Table Global proton therapy systems market 2016-2021 ($ millions)
    • Brachytherapy
      • Table Global brachytherapy market 2016-2021 ($ millions)
      • Table Major brachytherapy seeds, applicators, and after loaders
      • Table Global brachytherapy seeds, applicators, and after loaders market 2016-2021 ($ millions)
      • Table Major electronic brachytherapy systems
      • Table Global electronic brachytherapy market 2016-2021 ($ millions)
  • Segmentation by geography
    • Overview
      • Table Global radiation oncology market: Segmentation by geography 2016 (% share)
    • Americas
      • Table Radiation oncology market in Americas 2016-2021 ($ millions)
    • EMEA
      • Table Radiation oncology market in EMEA 2016-2021 ($ millions)
    • APAC
      • Table Radiation oncology market in APAC 2016-2021 ($ millions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Radiotherapy equipment available per 1,000,000 people in healthcare facilities 2013 and 2015
    • Market challenges
  • Market trends
    • Strategic collaborations and M&A
    • Increasing demand for proton therapy
  • Vendor landscape
    • Competitive landscape
      • Table Global radiation oncology market: Competitive structure analysis 2016
  • Key vendor analysis
    • Accuray
      • Table Accuray: Key highlights
      • Table Accuray: Strength assessment
      • Table Accuray: Strategy assessment
      • Table Accuray: Opportunity assessment
    • C. R. Bard
      • Table C. R. Bard: Key highlights
      • Table C. R. Bard: Strength assessment
      • Table C. R. Bard: Strategy assessment
      • Table C. R. Bard: Opportunity assessment
    • Elekta
      • Table Elekta: Key highlights
      • Table Elekta: Strength assessment
      • Table Elekta: Strategy assessment
      • Table Elekta: Opportunity assessment
    • IBA Worldwide
      • Table IBA Worldwide: Key highlights
      • Table IBA Worldwide: Strength assessment
      • Table IBA Worldwide: Strategy assessment
      • Table IBA Worldwide: Opportunity assessment
    • Varian Medical Systems
      • Table Varian Medical Systems: Key highlights
      • Table Varian Medical Systems: Strength assessment
      • Table Varian Medical Systems: Strategy assessment
      • Table Varian Medical Systems: Opportunity assessment
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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