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Image Guided Radiotherapy - Global Strategic Business Report

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    Report

  • 286 Pages
  • October 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5997819
The global market for Image Guided Radiotherapy was estimated at US$1.8 Billion in 2023 and is projected to reach US$2.3 Billion by 2030, growing at a CAGR of 3.5% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

How Is Image Guided Radiotherapy Revolutionizing Cancer Treatment?

Image Guided Radiotherapy (IGRT) is transforming the field of oncology by enhancing the precision and effectiveness of cancer treatments. IGRT combines advanced imaging techniques with radiation therapy to target tumors more accurately while sparing surrounding healthy tissues. By utilizing real-time imaging technologies such as CT scans, MRIs, and X-rays, IGRT allows clinicians to monitor the tumor's position and adjust radiation beams accordingly during treatment sessions. This level of precision is particularly crucial in treating tumors that move due to breathing or other bodily functions, as it ensures that the radiation dose is delivered precisely where it is needed, minimizing side effects and improving patient outcomes. The ability of IGRT to adapt to changes in tumor size, shape, and location over the course of treatment makes it a powerful tool in the fight against cancer, offering hope for better control of the disease with fewer complications.

What Technological Innovations Are Enhancing IGRT's Capabilities?

The capabilities of Image Guided Radiotherapy have been significantly enhanced by recent technological advancements that improve its accuracy, efficiency, and overall effectiveness. One of the most notable innovations is the integration of advanced imaging modalities, such as 4D imaging, which provides dynamic visualizations of the tumor in real-time, accounting for its movement and changes during treatment. Additionally, the development of linear accelerators with built-in imaging systems has streamlined the treatment process, allowing for continuous monitoring and adjustment of radiation doses without the need to reposition the patient. The use of artificial intelligence (AI) and machine learning algorithms is further enhancing IGRT by enabling automated analysis of imaging data, which helps in identifying subtle changes in tumor positioning and optimizing treatment plans accordingly. These technological advancements are not only making IGRT more precise but are also reducing treatment times and improving patient comfort, setting new standards in radiotherapy.

How Are Healthcare Needs and Market Demands Shaping the Adoption of IGRT?

The adoption of Image Guided Radiotherapy is being driven by the increasing demand for personalized cancer treatments and the growing prevalence of cancer worldwide. As more patients seek treatments that offer fewer side effects and better outcomes, IGRT is becoming a preferred option due to its ability to deliver highly targeted therapy. The rising incidence of cancers that are difficult to treat with conventional radiotherapy, such as those located near critical organs or in regions prone to movement, is also fueling the demand for IGRT. Healthcare providers are increasingly adopting IGRT to improve the quality of care, reduce treatment-related complications, and enhance patient satisfaction. Furthermore, the shift towards value-based healthcare is encouraging the use of technologies that provide better outcomes and cost-effectiveness, making IGRT an attractive investment for hospitals and cancer treatment centers. These market demands are shaping the future of radiotherapy, with IGRT playing a central role in the evolution of cancer care.

What Factors Are Driving Growth in the Image Guided Radiotherapy Market?

The growth in the Image Guided Radiotherapy (IGRT) market is driven by several factors, including advancements in imaging technology, the increasing incidence of cancer, and the growing emphasis on precision medicine. Technological advancements, such as the development of 4D imaging and AI-driven treatment planning, are significantly enhancing the capabilities of IGRT, making it a more effective and accessible option for cancer treatment. The rising incidence of cancer globally is another major driver, as it increases the demand for advanced radiotherapy solutions that can offer better outcomes with fewer side effects. Additionally, the trend towards precision medicine, which focuses on tailoring treatments to the individual characteristics of each patient, is boosting the adoption of IGRT, as it allows for highly personalized and targeted therapy. The ongoing push for improved healthcare outcomes and the reduction of treatment-related complications are also contributing to the growth of the IGRT market, as healthcare providers seek to offer the best possible care to their patients. As these factors continue to influence the healthcare landscape, the demand for IGRT is expected to grow, solidifying its role as a key technology in cancer treatment.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Linear Accelerators segment, which is expected to reach US$885.0 Million by 2030 with a CAGR of a 4.0%. The CT Scanning Devices segment is also set to grow at 3.1% CAGR over the analysis period.
  • Regional Analysis: Gain insights into the U.S. market, which was estimated at $502.2 Million in 2023, and China, forecasted to grow at an impressive 6.7% CAGR to reach $488.8 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Image Guided Radiotherapy Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Image Guided Radiotherapy Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Image Guided Radiotherapy Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as Accuray, Inc., Canon Medical Systems Corporation, C-Rad AB, and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 43 Featured):

  • Accuray, Inc.
  • Canon Medical Systems Corporation
  • C-Rad AB
  • Elekta AB
  • GE Healthcare
  • Hitachi High-Tech Corporation-Healthcare Business Group
  • IBA Worldwide
  • Mevion Medical Systems, Inc.
  • Panacea Medical Technologies Pvt. Ltd.
  • Philips Healthcare
  • RefleXion Medical, Inc.
  • Siemens Healthineers AG
  • Varian Medical Systems, Inc.
  • Vision RT Ltd.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • Global Economic Update
  • Image Guided Radiotherapy - Global Key Competitors Percentage Market Share in 2024 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Advancements in Imaging Technologies Propel Growth in Image Guided Radiotherapy
  • Increasing Incidence of Cancer Expands Addressable Market Opportunity for IGRT
  • Integration of Artificial Intelligence Strengthens the Business Case for Precision Radiotherapy
  • Growing Preference for Non-Invasive Treatments Drives Adoption of Image Guided Radiotherapy
  • Innovations in Hybrid Imaging Modalities Spurs Growth in Radiotherapy Applications
  • Rising Investment in Research and Development Throws the Spotlight on Next-Generation IGRT Systems
  • Increasing Focus on Patient-Centric Care Sustains Growth in Personalized Radiotherapy
  • Challenges in Reimbursement and High Costs Create Opportunities for Innovation in Cost-Effective IGRT Solutions
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Image Guided Radiotherapy Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
  • Table 2: World Recent Past, Current & Future Analysis for Image Guided Radiotherapy by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 3: World Historic Review for Image Guided Radiotherapy by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 4: World 16-Year Perspective for Image Guided Radiotherapy by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2024 & 2030
  • Table 5: World Recent Past, Current & Future Analysis for Linear Accelerators by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 6: World Historic Review for Linear Accelerators by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 7: World 16-Year Perspective for Linear Accelerators by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 8: World Recent Past, Current & Future Analysis for CT Scanning Devices by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 9: World Historic Review for CT Scanning Devices by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 10: World 16-Year Perspective for CT Scanning Devices by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 11: World Recent Past, Current & Future Analysis for Portal Imaging Devices by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 12: World Historic Review for Portal Imaging Devices by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 13: World 16-Year Perspective for Portal Imaging Devices by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 14: World Recent Past, Current & Future Analysis for 4D Radiotherapy Devices by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 15: World Historic Review for 4D Radiotherapy Devices by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 16: World 16-Year Perspective for 4D Radiotherapy Devices by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 17: World Recent Past, Current & Future Analysis for PET / MRI-Guided Radiation Therapy Devices by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 18: World Historic Review for PET / MRI-Guided Radiation Therapy Devices by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 19: World 16-Year Perspective for PET / MRI-Guided Radiation Therapy Devices by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 20: World Recent Past, Current & Future Analysis for Hospitals End-Use by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 21: World Historic Review for Hospitals End-Use by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 22: World 16-Year Perspective for Hospitals End-Use by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 23: World Recent Past, Current & Future Analysis for Radiotherapy Centers End-Use by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 24: World Historic Review for Radiotherapy Centers End-Use by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 25: World 16-Year Perspective for Radiotherapy Centers End-Use by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 26: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 27: World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 28: World 16-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Image Guided Radiotherapy Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
CANADA
JAPAN
  • Image Guided Radiotherapy Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
CHINA
  • Image Guided Radiotherapy Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
EUROPE
  • Image Guided Radiotherapy Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
FRANCE
  • Image Guided Radiotherapy Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
GERMANY
  • Image Guided Radiotherapy Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
ITALY
UNITED KINGDOM
  • Image Guided Radiotherapy Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Image Guided Radiotherapy Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
AUSTRALIA
  • Image Guided Radiotherapy Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2024 (E)
INDIA
  • Image Guided Radiotherapy Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2024 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Image Guided Radiotherapy Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2024 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Image Guided Radiotherapy Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2024 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Image Guided Radiotherapy Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2024 (E)
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Accuray, Inc.
  • Canon Medical Systems Corporation
  • C-Rad AB
  • Elekta AB
  • GE Healthcare
  • Hitachi High-Tech Corporation-Healthcare Business Group
  • IBA Worldwide
  • Mevion Medical Systems, Inc.
  • Panacea Medical Technologies Pvt. Ltd.
  • Philips Healthcare
  • RefleXion Medical, Inc.
  • Siemens Healthineers AG
  • Varian Medical Systems, Inc.
  • Vision RT Ltd.

Table Information