With Market Size Valued at $6.6 Billion by 2026, it's a Sedate Outlook for the Global Radiotherapy Market
SAN FRANCISCO, Oct. 22, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Radiotherapy - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 8; Released: April 2021
Executive Pool: 427
Companies: 23 - Players covered include Accuray, Inc.; BARD, A Becton, Dickinson Company; Elekta AB; Hitachi Ltd.; IBA Group; IsoRay Medical, Inc.; Mevion Medical Systems, Inc.; Optivus Proton Therapy, Inc.; Panacea Medical Technologies Pvt. Ltd.; P-Cure Ltd.; Provision Healthcare, LLC.; Sumitomo Heavy Industries Ltd.; Theragenics Corporation; Varian Medical Systems, Inc. and Others.
Coverage: All major geographies and key segments
Segments: End-Use (Hospitals, Independent Radiotherapy Centers); Type (External Beam Radiotherapy, Internal Beam Radiotherapy, Systemic Radiotherapy)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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ABSTRACT-
Global Radiotherapy Market to Reach $6.6 Billion by 2026
Amid the COVID-19 crisis, the global market for Radiotherapy estimated at US$5.6 Billion in the year 2020, is projected to reach a revised size of US$6.6 Billion by 2026, growing at a CAGR of 2.7% over the analysis period. External Beam Radiotherapy, one of the segments analyzed in the report, is projected to record a 3.1% CAGR and reach US$3.4 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Internal Beam Radiotherapy segment is readjusted to a revised 2.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.6 Billion in 2021, While China is Forecast to Reach $1.3 Billion by 2026
The Radiotherapy market in the U.S. is estimated at US$1.6 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.3 Billion by the year 2026 trailing a CAGR of 5.1% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.6% and 2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.2% CAGR.
Systemic Radiotherapy Segment to Reach US$802.8 Million by the year 2026
In the global Systemic Radiotherapy segment, USA, Canada, Japan, China and Europe will drive the 1.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$544.4 Million in the year 2020 will reach a projected size of US$599 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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