Amid the COVID-19 crisis, the global market for Radiation Therapy Equipment estimated at US$7.1 Billion in the year 2020, is projected to reach a revised size of US$10.2 Billion by 2027, growing at a CAGR of 5.3% over the analysis period 2020-2027.External Beam Radiation Therapy, one of the segments analyzed in the report, is projected to grow at a 5.4% CAGR to reach US$9.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Internal Radiation Therapy segment is readjusted to a revised 2.2% CAGR for the next 7-year period. This segment currently accounts for a 3.9% share of the global Radiation Therapy Equipment market.
The U. S. Accounts for Over 27.1% of Global Market Size in 2020, While China is Forecast to Grow at a 8.2% CAGR for the Period of 2020-2027
The Radiation Therapy Equipment market in the U. S. is estimated at US$1.9 Billion in the year 2020. The country currently accounts for a 27.09% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$2.1 Billion in the year 2027 trailing a CAGR of 8.2% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.9% and 4.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.3% CAGR while Rest of European market (as defined in the study) will reach US$2.1 Billion by the year 2027.
Systemic Radiation Therapy Segment Corners a 5% Share in 2020
In the global Systemic Radiation Therapy segment, USA, Canada, Japan, China and Europe will drive the 5.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$266.1 Million in the year 2020 will reach a projected size of US$382.2 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.4 Billion by the year 2027, while Latin America will expand at a 7% CAGR through the analysis period. The publisher brings years of research experience to this 16th edition of our report. The 186-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others
- Accuray Inc.
- BrainLab AG
- Elekta AB
- GE Healthcare
- Hitachi America Ltd.
- IBA Group
- Nordion Inc.
- Philips Healthcare
- RaySearch Laboratories AB
- Sumitomo Heavy Industries Ltd.
- Varian Medical Systems Inc.
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Radiation Therapy: An Effective, Affordable, Non-Surgical Treatment Option for Cancer Patients
Recent Market Activity
Radiation Therapy Equipment: Enabling Best-in-Class Cancer Care
Milestones in Evolution of Cancer Care Technologies
Bright Prospects Ahead for Radiation Therapy Equipment Market
Developed Regions Dominate Radiotherapy Equipment Market
Replacement Demand Drives Revenue Growth in Developed Regions
Developing Regions to Spearhead Future Growth
Asia-Pacific: Rapidly Evolving Regional Market
Global Competitor Market Shares
Radiation Therapy Equipment Competitor Market Share Scenario Worldwide (in %): 2020 & 2029
Underserved Demand for Radiation Oncology Therapy - A Major Driver
Sustained Increase in Healthcare Spending Creates Conducive Environment
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
Accuray Incorporated (USA)
BrainLab AG (Germany)
Elekta AB (Sweden)
GE Healthcare (UK)
Hitachi America, Ltd. (USA)
IBA Group (Belgium)
Nordion, Inc. (Canada)
Philips Healthcare (USA)
RaySearch Laboratories AB (Sweden)
Sumitomo Heavy Industries Ltd. (Japan)
Varian Medical Systems, Inc. (USA)
3. MARKET TRENDS & DRIVERS
Rising Incidence of Cancer & Need to Reduce Cancer-Related Mortality: Cornerstone for Present & Future Growth
Top Ten Causes of Death Worldwide
External Beam Radiotherapy Equipment: Largest Product Category
Linear Accelerator (LINAC) - Vital Constituent of EBRT
Forecasts Remain Robust for Systemic Radiation Therapy Equipment
Shrinking Demand for Internal Radiation Therapy Equipment
Hospitals Focus on Intensity Modulated Radiation Therapy (IMRT) for Better Outcomes
Types of IMRT
Rotational IMRT Gains Popularity
Stereotactic Radio Surgery - A Treatment with Rising Preference
Adaptive Radiation Therapy (ART) Gains Significance
4D ART - Adds New Dimension
Image Guided Radiotherapy (IGRT) Gaining Ground
Demand for Oncology Information Systems (OIS) on Rise
Data-Intensive Radiation Oncology Promotes OIS Connection to EHRs
Treatment Planning Continues to Grow in Significance
Progressive Advancements Augment Use Case of Treatment Planning Platforms
Increasing Role of Imaging in Treatment Planning
Technological Innovations Focus on Improving Treatment Accuracy
Need to Boost Productivity Accelerates Deployment of High-Tech Equipment
Personalized Radiation Therapy - The Way Forward
Expanding Aging Population & Increased Risk of Cancer to Drive Market Growth
Resolving Prevailing Challenges: Critical for Future Success
Shortage of Medical Professionals & Systems
Patient Comfort
4. GLOBAL MARKET PERSPECTIVE
TABLE 1: Radiation Therapy Equipment Global Market Estimates and Forecasts in US$ Thousand by Region/Country: 2020-2027
TABLE 2: Radiation Therapy Equipment Global Retrospective Market Scenario in US$ Thousand by Region/Country: 2012-2019
TABLE 3: Radiation Therapy Equipment Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
TABLE 4: External Beam Radiation Therapy (Therapy Type) World Market by Region/Country in US$ Thousand: 2020 to 2027
TABLE 5: External Beam Radiation Therapy (Therapy Type) Historic Market Analysis by Region/Country in US$ Thousand: 2012 to 2019
TABLE 6: External Beam Radiation Therapy (Therapy Type) Market Share Breakdown of Worldwide Sales by Region/Country: 2012 VS 2020 VS 2027
TABLE 7: Internal Radiation Therapy (Therapy Type) Potential Growth Markets Worldwide in US$ Thousand: 2020 to 2027
TABLE 8: Internal Radiation Therapy (Therapy Type) Historic Market Perspective by Region/Country in US$ Thousand: 2012 to 2019
TABLE 9: Internal Radiation Therapy (Therapy Type) Market Sales Breakdown by Region/Country in Percentage: 2012 VS 2020 VS 2027
TABLE 10: Systemic Radiation Therapy (Therapy Type) Geographic Market Spread Worldwide in US$ Thousand: 2020 to 2027
TABLE 11: Systemic Radiation Therapy (Therapy Type) Region Wise Breakdown of Global Historic Demand in US$ Thousand: 2012 to 2019
TABLE 12: Systemic Radiation Therapy (Therapy Type) Market Share Distribution in Percentage by Region/Country: 2012 VS 2020 VS 2027
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
Market Facts & Figures
US Radiation Therapy Equipment Market Share (in %) by Company: 2020 & 2025
Market Analytics
TABLE 13: United States Radiation Therapy Equipment Market Estimates and Projections in US$ Thousand by Therapy Type: 2020 to 2027
TABLE 14: Radiation Therapy Equipment Market in the United States by Therapy Type: A Historic Review in US$ Thousand for 2012-2019
TABLE 15: United States Radiation Therapy Equipment Market Share Breakdown by Therapy Type: 2012 VS 2020 VS 2027
CANADA
TABLE 16: Canadian Radiation Therapy Equipment Market Estimates and Forecasts in US$ Thousand by Therapy Type: 2020 to 2027
TABLE 17: Canadian Radiation Therapy Equipment Historic Market Review by Therapy Type in US$ Thousand: 2012-2019
TABLE 18: Radiation Therapy Equipment Market in Canada: Percentage Share Breakdown of Sales by Therapy Type for 2012, 2020, and 2027
JAPAN
TABLE 19: Japanese Market for Radiation Therapy Equipment: Annual Sales Estimates and Projections in US$ Thousand by Therapy Type for the Period 2020-2027
TABLE 20: Radiation Therapy Equipment Market in Japan: Historic Sales Analysis in US$ Thousand by Therapy Type for the Period 2012-2019
TABLE 21: Japanese Radiation Therapy Equipment Market Share Analysis by Therapy Type: 2012 VS 2020 VS 2027
CHINA
TABLE 22: Chinese Radiation Therapy Equipment Market Growth Prospects in US$ Thousand by Therapy Type for the Period 2020-2027
TABLE 23: Radiation Therapy Equipment Historic Market Analysis in China in US$ Thousand by Therapy Type: 2012-2019
TABLE 24: Chinese Radiation Therapy Equipment Market by Therapy Type: Percentage Breakdown of Sales for 2012, 2020, and 2027
EUROPE
Market Facts & Figures
European Radiation Therapy Equipment Market: Competitor Market Share Scenario (in %) for 2020 & 2025
Market Analytics
TABLE 25: European Radiation Therapy Equipment Market Demand Scenario in US$ Thousand by Region/Country: 2020-2027
TABLE 26: Radiation Therapy Equipment Market in Europe: A Historic Market Perspective in US$ Thousand by Region/Country for the Period 2012-2019
TABLE 27: European Radiation Therapy Equipment Market Share Shift by Region/Country: 2012 VS 2020 VS 2027
TABLE 28: European Radiation Therapy Equipment Market Estimates and Forecasts in US$ Thousand by Therapy Type: 2020-2027
TABLE 29: Radiation Therapy Equipment Market in Europe in US$ Thousand by Therapy Type: A Historic Review for the Period 2012-2019
TABLE 30: European Radiation Therapy Equipment Market Share Breakdown by Therapy Type: 2012 VS 2020 VS 2027
FRANCE
TABLE 31: Radiation Therapy Equipment Market in France by Therapy Type: Estimates and Projections in US$ Thousand for the Period 2020-2027
TABLE 32: French Radiation Therapy Equipment Historic Market Scenario in US$ Thousand by Therapy Type: 2012-2019
TABLE 33: French Radiation Therapy Equipment Market Share Analysis by Therapy Type: 2012 VS 2020 VS 2027
GERMANY
TABLE 34: Radiation Therapy Equipment Market in Germany: Recent Past, Current and Future Analysis in US$ Thousand by Therapy Type for the Period 2020-2027
TABLE 35: German Radiation Therapy Equipment Historic Market Analysis in US$ Thousand by Therapy Type: 2012-2019
TABLE 36: German Radiation Therapy Equipment Market Share Breakdown by Therapy Type: 2012 VS 2020 VS 2027
ITALY
TABLE 37: Italian Radiation Therapy Equipment Market Growth Prospects in US$ Thousand by Therapy Type for the Period 2020-2027
TABLE 38: Radiation Therapy Equipment Historic Market Analysis in Italy in US$ Thousand by Therapy Type: 2012-2019
TABLE 39: Italian Radiation Therapy Equipment Market by Therapy Type: Percentage Breakdown of Sales for 2012, 2020, and 2027
UNITED KINGDOM
TABLE 40: United Kingdom Market for Radiation Therapy Equipment: Annual Sales Estimates and Projections in US$ Thousand by Therapy Type for the Period 2020-2027
TABLE 41: Radiation Therapy Equipment Market in the United Kingdom: Historic Sales Analysis in US$ Thousand by Therapy Type for the Period 2012-2019
TABLE 42: United Kingdom Radiation Therapy Equipment Market Share Analysis by Therapy Type: 2012 VS 2020 VS 2027
SPAIN
TABLE 43: Spanish Radiation Therapy Equipment Market Estimates and Forecasts in US$ Thousand by Therapy Type: 2020 to 2027
TABLE 44: Spanish Radiation Therapy Equipment Historic Market Review by Therapy Type in US$ Thousand: 2012-2019
TABLE 45: Radiation Therapy Equipment Market in Spain: Percentage Share Breakdown of Sales by Therapy Type for 2012, 2020, and 2027
RUSSIA
TABLE 46: Russian Radiation Therapy Equipment Market Estimates and Projections in US$ Thousand by Therapy Type: 2020 to 2027
TABLE 47: Radiation Therapy Equipment Market in Russia by Therapy Type: A Historic Review in US$ Thousand for 2012-2019
TABLE 48: Russian Radiation Therapy Equipment Market Share Breakdown by Therapy Type: 2012 VS 2020 VS 2027
REST OF EUROPE
TABLE 49: Rest of Europe Radiation Therapy Equipment Market Estimates and Forecasts in US$ Thousand by Therapy Type: 2020-2027
TABLE 50: Radiation Therapy Equipment Market in Rest of Europe in US$ Thousand by Therapy Type: A Historic Review for the Period 2012-2019
TABLE 51: Rest of Europe Radiation Therapy Equipment Market Share Breakdown by Therapy Type: 2012 VS 2020 VS 2027
ASIA-PACIFIC
TABLE 52: Asia-Pacific Radiation Therapy Equipment Market Estimates and Forecasts in US$ Thousand by Region/Country: 2020-2027
TABLE 53: Radiation Therapy Equipment Market in Asia-Pacific: Historic Market Analysis in US$ Thousand by Region/Country for the Period 2012-2019
TABLE 54: Asia-Pacific Radiation Therapy Equipment Market Share Analysis by Region/Country: 2012 VS 2020 VS 2027
TABLE 55: Radiation Therapy Equipment Market in Asia-Pacific by Therapy Type: Estimates and Projections in US$ Thousand for the Period 2020-2027
TABLE 56: Asia-Pacific Radiation Therapy Equipment Historic Market Scenario in US$ Thousand by Therapy Type: 2012-2019
TABLE 57: Asia-Pacific Radiation Therapy Equipment Market Share Analysis by Therapy Type: 2012 VS 2020 VS 2027
AUSTRALIA
TABLE 58: Radiation Therapy Equipment Market in Australia: Recent Past, Current and Future Analysis in US$ Thousand by Therapy Type for the Period 2020-2027
TABLE 59: Australian Radiation Therapy Equipment Historic Market Analysis in US$ Thousand by Therapy Type: 2012-2019
TABLE 60: Australian Radiation Therapy Equipment Market Share Breakdown by Therapy Type: 2012 VS 2020 VS 2027
INDIA
TABLE 61: Indian Radiation Therapy Equipment Market Estimates and Forecasts in US$ Thousand by Therapy Type: 2020 to 2027
TABLE 62: Indian Radiation Therapy Equipment Historic Market Review by Therapy Type in US$ Thousand: 2012-2019
TABLE 63: Radiation Therapy Equipment Market in India: Percentage Share Breakdown of Sales by Therapy Type for 2012, 2020, and 2027
SOUTH KOREA
TABLE 64: Radiation Therapy Equipment Market in South Korea: Recent Past, Current and Future Analysis in US$ Thousand by Therapy Type for the Period 2020-2027
TABLE 65: South Korean Radiation Therapy Equipment Historic Market Analysis in US$ Thousand by Therapy Type: 2012-2019
TABLE 66: Radiation Therapy Equipment Market Share Distribution in South Korea by Therapy Type: 2012 VS 2020 VS 2027
REST OF ASIA-PACIFIC
TABLE 67: Rest of Asia-Pacific Market for Radiation Therapy Equipment: Annual Sales Estimates and Projections in US$ Thousand by Therapy Type for the Period 2020-2027
TABLE 68: Radiation Therapy Equipment Market in Rest of Asia-Pacific: Historic Sales Analysis in US$ Thousand by Therapy Type for the Period 2012-2019
TABLE 69: Rest of Asia-Pacific Radiation Therapy Equipment Market Share Analysis by Therapy Type: 2012 VS 2020 VS 2027
LATIN AMERICA
TABLE 70: Latin American Radiation Therapy Equipment Market Trends by Region/Country in US$ Thousand: 2020-2027
TABLE 71: Radiation Therapy Equipment Market in Latin America in US$ Thousand by Region/Country: A Historic Perspective for the Period 2012-2019
TABLE 72: Latin American Radiation Therapy Equipment Market Percentage Breakdown of Sales by Region/Country: 2012, 2020, and 2027
TABLE 73: Latin American Radiation Therapy Equipment Market Growth Prospects in US$ Thousand by Therapy Type for the Period 2020-2027
TABLE 74: Radiation Therapy Equipment Historic Market Analysis in Latin America in US$ Thousand by Therapy Type: 2012-2019
TABLE 75: Latin American Radiation Therapy Equipment Market by Therapy Type: Percentage Breakdown of Sales for 2012, 2020, and 2027
ARGENTINA
TABLE 76: Argentinean Radiation Therapy Equipment Market Estimates and Forecasts in US$ Thousand by Therapy Type: 2020-2027
TABLE 77: Radiation Therapy Equipment Market in Argentina in US$ Thousand by Therapy Type: A Historic Review for the Period 2012-2019
TABLE 78: Argentinean Radiation Therapy Equipment Market Share Breakdown by Therapy Type: 2012 VS 2020 VS 2027
BRAZIL
TABLE 79: Radiation Therapy Equipment Market in Brazil by Therapy Type: Estimates and Projections in US$ Thousand for the Period 2020-2027
TABLE 80: Brazilian Radiation Therapy Equipment Historic Market Scenario in US$ Thousand by Therapy Type: 2012-2019
TABLE 81: Brazilian Radiation Therapy Equipment Market Share Analysis by Therapy Type: 2012 VS 2020 VS 2027
MEXICO
TABLE 82: Radiation Therapy Equipment Market in Mexico: Recent Past, Current and Future Analysis in US$ Thousand by Therapy Type for the Period 2020-2027
TABLE 83: Mexican Radiation Therapy Equipment Historic Market Analysis in US$ Thousand by Therapy Type: 2012-2019
TABLE 84: Mexican Radiation Therapy Equipment Market Share Breakdown by Therapy Type: 2012 VS 2020 VS 2027
REST OF LATIN AMERICA
TABLE 85: Rest of Latin America Radiation Therapy Equipment Market Estimates and Projections in US$ Thousand by Therapy Type: 2020 to 2027
TABLE 86: Radiation Therapy Equipment Market in Rest of Latin America by Therapy Type: A Historic Review in US$ Thousand for 2012-2019
TABLE 87: Rest of Latin America Radiation Therapy Equipment Market Share Breakdown by Therapy Type: 2012 VS 2020 VS 2027
MIDDLE EAST
TABLE 88: The Middle East Radiation Therapy Equipment Market Estimates and Forecasts in US$ Thousand by Region/Country: 2020-2027
TABLE 89: Radiation Therapy Equipment Market in the Middle East by Region/Country in US$ Thousand: 2012-2019
TABLE 90: The Middle East Radiation Therapy Equipment Market Share Breakdown by Region/Country: 2012, 2020, and 2027
TABLE 91: The Middle East Radiation Therapy Equipment Market Estimates and Forecasts in US$ Thousand by Therapy Type: 2020 to 2027
TABLE 92: The Middle East Radiation Therapy Equipment Historic Market by Therapy Type in US$ Thousand: 2012-2019
TABLE 93: Radiation Therapy Equipment Market in the Middle East: Percentage Share Breakdown of Sales by Therapy Type for 2012,2020, and 2027
IRAN
TABLE 94: Iranian Market for Radiation Therapy Equipment: Annual Sales Estimates and Projections in US$ Thousand by Therapy Type for the Period 2020-2027
TABLE 95: Radiation Therapy Equipment Market in Iran: Historic Sales Analysis in US$ Thousand by Therapy Type for the Period 2012-2019
TABLE 96: Iranian Radiation Therapy Equipment Market Share Analysis by Therapy Type: 2012 VS 2020 VS 2027
ISRAEL
TABLE 97: Israeli Radiation Therapy Equipment Market Estimates and Forecasts in US$ Thousand by Therapy Type: 2020-2027
TABLE 98: Radiation Therapy Equipment Market in Israel in US$ Thousand by Therapy Type: A Historic Review for the Period 2012-2019
TABLE 99: Israeli Radiation Therapy Equipment Market Share Breakdown by Therapy Type: 2012 VS 2020 VS 2027
SAUDI ARABIA
TABLE 100: Saudi Arabian Radiation Therapy Equipment Market Growth Prospects in US$ Thousand by Therapy Type for the Period 2020-2027
TABLE 101: Radiation Therapy Equipment Historic Market Analysis in Saudi Arabia in US$ Thousand by Therapy Type: 2012-2019
TABLE 102: Saudi Arabian Radiation Therapy Equipment Market by Therapy Type: Percentage Breakdown of Sales for 2012, 2020, and 2027
UNITED ARAB EMIRATES
TABLE 103: Radiation Therapy Equipment Market in the United Arab Emirates: Recent Past, Current and Future Analysis in US$ Thousand by Therapy Type for the Period 2020-2027
TABLE 104: United Arab Emirates Radiation Therapy Equipment Historic Market Analysis in US$ Thousand by Therapy Type: 2012-2019
TABLE 105: Radiation Therapy Equipment Market Share Distribution in United Arab Emirates by Therapy Type: 2012 VS 2020 VS 2027
REST OF MIDDLE EAST
TABLE 106: Radiation Therapy Equipment Market in Rest of Middle East: Recent Past, Current and Future Analysis in US$ Thousand by Therapy Type for the Period 2020-2027
TABLE 107: Rest of Middle East Radiation Therapy Equipment Historic Market Analysis in US$ Thousand by Therapy Type: 2012-2019
TABLE 108: Rest of Middle East Radiation Therapy Equipment Market Share Breakdown by Therapy Type: 2012 VS 2020 VS 2027
AFRICA
TABLE 109: African Radiation Therapy Equipment Market Estimates and Projections in US$ Thousand by Therapy Type: 2020 to 2027
TABLE 110: Radiation Therapy Equipment Market in Africa by Therapy Type: A Historic Review in US$ Thousand for 2012-2019
TABLE 111: African Radiation Therapy Equipment Market Share Breakdown by Therapy Type: 2012 VS 2020 VS 2027
IV. COMPETITION
Total Companies Profiled: 45
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