Global Radiation Therapy Market with Focus on LINAC: Insights & Forecast with Potential Impact of COVID-19 (2020-2024)

Global Radiation Therapy Market with Focus on LINAC: Insights & Forecast with Potential Impact of COVID-19 (2020-2024)

The global radiation therapy market is expected to reach US$10.11 billion in 2024, witnessing growth at a CAGR of 3.38%, over the period 2020-2024. Factors such as surging incidence of cancer cases, rising healthcare expenditure, upsurge in economic growth, growing aging population and expanding urbanization are expected to drive the market. The growth of the market would be challenged by severe side effects of the therapy and stringent regulations and barriers to implementation. A few notable trends may include increasing public awareness, rising preference towards non invasive procedures and advancements in technology.

The global radiation therapy market can be categorized into external beam radiation therapy, internal beam radiation therapy and others (systemic radiotherapy) on the basis of type. Further, the external beam radiation therapy market is segmented on the basis of type and devices. Depending upon the type, the global external beam radiation therapy market can be categorized into following categories: Intensity-Modulated Radiation Therapy (IMRT), Image-Guided Radiation Therapy (IGRT), Tomotherapy, Stereotactic Radiosurgery, Stereotactic Body Radiation Therapy and Proton Therapy. Whereas, on the basis of devices, the global external beam radiation therapy market can be segmented into three categories, named as, LINAC (Linear Accelerators), proton beam therapy devices and compact advanced therapy devices.

The fastest growing regional market is North America due to continuous inclination to the usage of novel technologies, rising disposable income and healthcare expenditure in the region and rising awareness about procedures and sophisticated diagnostic techniques. Europe represents the second largest radiation therapy market and is already well-penetrated at developed market levels.

Scope of the report:

The report provides a comprehensive analysis of the global radiation therapy market segmented on the basis of type.
The major regional and country markets (North America, Europe, Asia Pacific, Latin America and Rest of the World) have been analyzed.
The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
The competitive landscape of the market, along with the company profiles of leading players (Ion Beam Applications SA, Varian Medical Systems, Inc., Accuray Inc., Elekta AB, ViewRay, Inc. and Hitachi Ltd.) are also presented in detail.

Key Target Audience:

Radiation Therapy Equipment Manufacturers
Radiation Therapy Service/Equipment Providers and Distributors
End Users (Hospitals, Cancer Research Institutes and Ambulatory & Radiotherapy Centers)
Government Bodies & Regulating Authorities


1. Market Overview
1.1 Radiation Therapy
1.2 Types of Radiation Therapy
Table 1: Types of Radiation Therapy
1.3 LINAC
2. Impact of COVID-19
2.1 Slowdown in Emerging Markets
2.2 Change in Organic Traffic
Table 2: Organic Traffic Growth or Decline due to COVID-19 (2020)
2.3 Impact on Radiation Therapy
2.4 Risk Factors for Severe Adverse Events
Table 3: Risk Factors for Severe Adverse Events (2020)
3. Global Market Analysis
3.1 Global Radiation Therapy Market by Value
Table 4: Global Radiation Therapy Market by Value (2015-2019)
3.2 Global Radiation Therapy Market Forecast by Value
Table 5: Global Radiation Therapy Market Forecast by Value (2020-2024)
3.3 Global Radiation Therapy Penetration Rate by Country
Table 6: Global Radiation Therapy Penetration Rate by Country (2019)
3.4 Global Radiation Therapy Market by Type
Table 7: Global Radiation Therapy Market by Type (2019)
3.5 Global Radiation Therapy Market by Region
Table 8: Global Radiation Therapy Market by Region (2019)
4. Global External & Internal Beam Radiation Therapy Market
4.1 Global External Beam Radiation Therapy Market
4.1.1 Global External Beam Radiation Therapy Market Forecast by Value
Table 9: Global External Beam Radiation Therapy Market Forecast by Value (2019-2024)
4.2 Global External Beam Radiation Therapy Market by Type
Table 10: Global External Beam Radiation Therapy Market by Type (2019)
4.3 Global External Beam Radiation Therapy Market by Devices
Table 11: Global External Beam Radiation Therapy Market by Devices (2019)
4.3.1 Global LINAC Market Forecast by Value
Table 12: Global LINAC Market Forecast by Value (2019-2024)
4.3.2 Global LINAC Market Growth Potential
Table 13: Global LINAC Market Growth Potential (2019/2035)
4.4 Global Internal Beam Radiation Therapy Market
4.4.1 Global Internal Beam Radiation Therapy Market Forecast by Value
Table 14: Global Internal Beam Radiation Therapy Market Forecast by Value (2019-2024)
5. Regional Market Analysis
5.1 North America
5.1.1 North America Radiation Therapy Market by Value
Table 15: North America Radiation Therapy Market by Value (2015-2019)
5.1.2 North America Radiation Therapy Market Forecast by Value
Table 16: North America Radiation Therapy Market Forecast by Value (2020-2024)
5.1.3 North America Treated Patients with Radiation Therapy
Table 17: North America Treated Patients with Radiation Therapy (2019-2024)
5.1.4 North America External Beam Radiation Therapy Market Forecast by Value
Table 18: North America External Beam Radiation Therapy Market Forecast by Value (2019-2024)
5.1.5 North America External Beam Therapy Market by Devices
Table 19: North America External Beam Therapy Market by Devices (2019)
5.1.6 North America LINAC Market Forecast by Value
Table 20: North America LINAC Market Forecast by Value (2019-2024)
5.1.7 North America LINAC Installed Base Forecast
Table 21: North America LINAC Installed Base Forecast (2019-2024)
5.1.8 North America Cancer Treatment Per LINAC
Table 22: North America Cancer Treatment Per LINAC (2019-2024)
5.2 Europe
5.2.1 Europe Radiation Therapy Market by Value
Table 23: Europe Radiation Therapy Market by Value (2015-2019)
5.2.2 Europe Radiation Therapy Market Forecast by Value
Table 24: Europe Radiation Therapy Market Forecast by Value (2020-2024)
5.2.3 Europe Treated Patients with Radiation Therapy
Table 25: Europe Treated Patients with Radiation Therapy (2019-2024)
5.2.4 Europe External Beam Radiation Therapy Market Forecast by Value
Table 26: Europe External Beam Therapy Market Forecast by Value (2019-2024)
5.2.5 Europe External Beam Radiation Therapy Market by Device
Table 27: Europe External Beam Therapy Market by Device (2019)
5.2.6 Europe LINAC Market Forecast by Value
Table 28: Europe LINAC Market Forecast by Value (2019-2024)
5.2.7 Europe LINAC Installed Base Forecast
Table 29: Europe LINAC Installed Base Forecast (2019-2024)
5.2.8 Europe Cancer Treatment Per LINAC
Table 30: Europe Cancer Treatment Per LINAC (2019-2024)
5.3 Asia Pacific
5.3.1 Asia Pacific Radiation Therapy Market by Value
Table 31: Asia Pacific Radiation Therapy Market by Value (2015-2019)
5.3.2 Asia Pacific Radiation Therapy Market Forecast by Value
Table 32: Asia Pacific Radiation Therapy Market Forecast by Value (2020-2024)
5.3.3 China Treated Patients with Radiation Therapy
Table 33: China Treated Patients with Radiation Therapy (2019-2024)
5.3.4 China LINAC Installed Base Forecast
Table 34: China LINAC Installed Base Forecast (2019-2024)
5.3.5 China Cancer Treatment Per LINAC
Table 35: China Cancer Treatment Per LINAC (2019-2024)
5.4 Latin America
5.4.1 Latin America Radiation Therapy Market by Value
Table 36: Latin America Radiation Therapy Market by Value (2015-2019)
5.4.2 Latin America Radiation Therapy Market Forecast by Value
Table 37: Latin America Radiation Therapy Market Forecast by Value (2020-2024)
6. Market Dynamics
6.1 Growth Drivers
6.1.1 Rising Healthcare Expenditure
Table 38: Global Healthcare Expenditure Per Capita (2015-2019)
6.1.2 Surging Incidence of Cancer Cases
Table 39: Global Cancer Prevalence (2018-2023)
6.1.3 Expanding Urbanization
Table 40: Global Urban Population (2014-2019)
6.1.4 Growing Aging Population
Table 41: Global Population Above 65 Years (2015-2019)
6.1.5 Upsurge in Economic Growth
Table 42: Global GDP Per Capita (2014-2019)
6.1.6 Adoption of Unhealthy Lifestyle
6.2 Key Trends and Developments
6.2.1 Advancements in Technology
6.2.2 Increasing Public Awareness
6.2.3 Rising Preference Towards Non-Invasive Procedures
6.2.4 Emergence of Artificial Intelligence
6.3 Challenges
6.3.1 Severe Side Effects of Therapy
Table 43: Severe Side-Effects of Radiation Therapy
6.3.2 Stringent Regulations
6.3.3 Barriers to Implementation
7. Competitive Landscape
7.1 Global Market
7.1.1 Revenue Comparison of Key Players
Table 44: Revenue Comparison of Key Players (2019)
7.1.2 Market Capitalization Comparison of Key Players
Table 45: Market Capitalization Comparison of Key Players (2020)
7.1.3 R&D Comparison of Key Players
Table 46: R&D Expenditure Comparison of Key Players (2019)
7.1.4 Global Radiation Therapy Installed Base Share by Company
Table 47: Global Radiation Therapy Installed Base Share by Company (2019)
7.1.5 Global LINAC Market Share by Company
Table 48: Global LINAC Market Share by Company (2019)
7.1.6 Global LINAC New Sockets Share by Company
Table 49: Global LINAC New Sockets Share by Company (2019)
7.1.7 Global LINAC New Orders Share by Company
Table 50: Global LINAC New Orders Share by Company (2019)
7.1.8 Global LINAC Installed Base Share by Company
Table 51: Global LINAC Installed Base Share by Company (2019)
7.2 North America
7.2.1 North America Radiation Therapy Market Share by Company
Table 52: North America Radiation Therapy Market Share by Company (2019)
7.2.2 North America New LINAC Orders Share by Company
Table 53: North America New LINAC Orders Share by Company (2019)
7.3 EMEA
7.3.1 EMEA Radiation Therapy Market Share by Company
Table 54: EMEA Radiation Therapy Market Share by Company (2019)
7.3.2 EMEA New LINAC Orders Share by Company
Table 55: EMEA New LINAC Orders Share by Company (2019)
7.4 Asia Pacific
7.4.1 Asia Pacific Radiation Therapy Market Share by Company
Table 56: Asia Pacific Radiation Therapy Market Share by Company (2019)
7.4.2 Asia Pacific New LINAC Orders Share by Company
Table 57: Asia Pacific New LINAC Orders Share by Company (2019)
7.4.3 China New LINAC Orders Share by Company
Table 58: China New LINAC Orders Share by Company (2019)
8. Company Profiles
8.1 Ion Beam Applications SA
8.1.1 Business Overview
8.1.2 Financial Overview
Table 59: Ion Beam Applications SA Net Sales and Profit (2015-2019)
Table 60: Ion Beam Applications SA Net Sales by Segment (2019)
8.1.3 Business Strategies
8.2 Varian Medical Systems, Inc.
8.2.1 Business Overview
8.2.2 Financial Overview
Table 61: Varian Medical Systems, Inc. Revenue and Net Earnings (2015-2019)
Table 62: Varian Medical Systems, Inc. Revenue by Segment (2019)
Table 63: Varian Medical Systems, Inc. Revenue by Region (2019)
8.2.3 Business Strategies
8.3 Accuray, Inc.
8.3.1 Business Overview
8.3.2 Financial Overview
Table 64: Accuray Inc. Revenue and Loss (2015-2019)
Table 65: Accuray Inc. Revenue by Region (2019)
8.3.3 Business Strategies
8.4 Elekta AB
8.4.1 Business Overview
8.4.2 Financial Overview
Table 66: Elekta AB Net Sales and Profit (2015-2019)
Table 67: Elekta AB Net Sales by Region (2019)
8.4.3 Business Strategies
8.5 ViewRay, Inc.
8.5.1 Business Overview
8.5.2 Financial Overview
Table 68: ViewRay, Inc. Revenue and Net Loss (2015-2019)
Table 69: ViewRay, Inc. Revenue by Region (2019)
8.5.3 Business Strategies
8.6 Hitachi, Ltd.
8.6.1 Business Overview
8.6.2 Financial Overview
Table 70: Hitachi, Ltd. Revenue and Net Income (2015-2019)
Table 71: Hitachi, Ltd. Revenue by Segment (2019)
Table 72: Hitachi, Ltd. Revenue by Region (2019)
8.6.3 Business Strategies

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook