Radiation Oncology Market - Global Industry Analysis, Growth, Key Trends, Regional Assessment, and Forecast 2020 - 2030

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Radiation Oncology Market - Global Industry Analysis, Growth, Key Trends, Regional Assessment, and Forecast 2020 - 2030

Status : June, 2021 | Medical Devices

Report Digest


The radiation oncology market is expected to observe immense opportunities across the assessment period of 2020-2030. Cancer cases are increasing at a rapid rate around the world. The growing prevalence of cancer has led to tremendous treatments and advancements. Radiation oncology is one of them. Thus, these aspects are helping in increasing the growth rate of the radiation oncology market.

Radiation oncology is a therapy that helps in stopping the growth of cancer cells. If the cancer cells multiply in large numbers, it can even result in fatalities. The radiation oncology technique uses ionizing radiation to kill or control the malignant growth of cancer cells.

Based on type, the radiation oncology market can be segmented into proton therapy, external beam radiation therapy (cyberknife, tomotherapy, gamma knife, linear accelerators, compact advanced radiotherapy systems), synchrotron, internal beam radiation therapy (electronic brachytherapy, systematic beam radiation therapy, seeds, brachytherapy, applicators, afterloaders, others), and cyclotron.

The utilization of radiation oncology therapy in various types of cancer such as prostate cancer, lung cancer, breast cancer, colorectal cancer, cervical cancer, gynecological cancer, head and neck cancer, and others will bring good growth opportunities through the forecast period of 2020-2030.

The TMR research team has intensive experience in developing reports for a large number of markets and sectors. The TMR research team has used the rich experience they have in researching the current developments in the radiation oncology market. The team members have conducted extensive research on every aspect associated with the radiation oncology market.

The L.E.A.P mechanism used by the team assures a detailed and well-researched report to the stakeholders and CXOs. The effect of the COVID-19 pandemic on the radiation oncology market has also been covered by the team and included in the report.

Radiation Oncology Market: Competitive Insights

The major players in the radiation oncology market are adopting numerous strategies for increasing their revenues and attracting a considerable consumer base. The players in the radiation oncology market invest in research and development activities for discovering novel insights. The players also indulge in collaborations for cementing their position in the radiation oncology market. Investments by various firms and companies in the radiation oncology market will further bring good growth prospects.

Some well-established players in the radiation oncology market are;

  • Curium Pharma
  • Varian Medical Systems, Inc.
  • Viewray Technologies
  • Isoray Medical
  • Ion Beam Applications
  • NTP Radioisotopes SOC Ltd

Radiation Oncology Market: Key Trends

Escalating Cancer Cases to Increase the Growth Rate of the Radiation Oncology Market

The World Health Organization (WHO) states that cancer is the second leading death cause across the globe. Cancer contributes to nearly 9.6 mn deaths worldwide every year. These statistics highlight the growing prevalence of cancer and related deaths. To control cancer cases and deaths, radiation oncology is a popular option. Thus, all these factors bode well for the growth of the radiation oncology market.

Major Developments across the Radiation Oncology Market

Some of the crucial developments that will help in boosting the growth prospects of the radiation oncology market are as follows:

  • Canon Medical Systems and RaySearch Laboratories AB have expanded their partnership to bring their integrated radiation oncology portfolio to more customers
  • Google Cloud recently collaborated with Varian Medical Systems for its radiation oncology platform

Radiation Oncology Market: Regional Dimensions

North Americas radiation oncology market will dominate the regional arena between 2020 and 2030 on the back of the rising healthcare expenditure and growing focus on research and development activities for cancer-related therapies. The radiation oncology market in Asia Pacific will also expand at a rapid rate due to the increasing cases of cancer.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?