According to the report, the image-guided radiation therapy market was valued at $1.9 billion in 2023, and is estimated to reach $3.3 billion by 2033, growing at a CAGR of 5.7% from 2024 to 2033.
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Image-guided radiation therapy (IGRT) is experiencing significant growth due to several key drivers such as technological advancements in imaging modalities such as MRI, CT, and PET have greatly enhanced the precision and accuracy of radiation delivery, allowing for more targeted treatment of tumors while minimizing damage to surrounding healthy tissue. For instance, the integration of MRI-guided radiation therapy systems such as the ViewRay MRIdian system enables real-time visualization of tumors during treatment, leading to improved outcomes.
Key Takeaways
- The image-guided radiation therapy industry study covers 20 countries. The research includes a segment analysis of each country in terms of value for the projected period.
- More than 1, 500 product literatures, industry releases, annual reports, and other such documents of major image-guided radiation therapy industry participants along with authentic industry journals, trade associations’ releases, and government websites have been reviewed for generating high-value industry insights.
- The study integrated high-quality data, professional opinions and analysis, and critical independent perspectives. The research approach is intended to provide a balanced view of global markets and to assist stakeholders in making educated decisions in order to achieve their most ambitious growth objectives.
Market Segmentation
By Product
- 4D RT
- LINAC
- MRI-guided Radiotherapy
- Portal Imaging
- CT Scanning
By Procedure
- IMRT (intensity modulation radiation therapy)
- Stereotactic Therapy
- Particle Therapy
- Others
By End User
- Hospitals
- Independent Radiotherapy Centers
- Others
Industry Trends
- On April 3, 2023, the U.S. National Cancer Institute released its long-anticipated National Cancer Plan, a roadmap and call to action to improve all facets of cancer care from prevention, screening, and early detection through to treatment and survivorship care.
- In December 2022, Cancer Moonshot Announces New Actions Aimed to Reduce the Cancer Burden in Africa as Part of the U.S. The Cancer Moonshot highlights bold deliverables and new announcements from the U.S. departments and agencies and the private sector of over $300 million to drastically improve cancer outcomes in Africa.
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Regional Outlook
North America to maintain its dominance by 2033
North America held the highest market share in terms of revenue in 2023, owing to rise in prevalence of chronic disease cases, presence of key players offering image radiation therapy products, ease of availability, and developed healthcare infrastructure drive the growth of the market. However, emerging countries are experiencing a surge in healthcare spending as economies develop and populations increase. This increased investment in healthcare infrastructure, technology, and services creates a conducive environment for the adoption of image-guided radiation therapy devices.
Key Players:
- Varian Medical Systems Inc.
- Elekta AB
- Accuray Incorporated
- ViewRay Inc.
- Siemens Healthineers AG
- Hitachi Ltd.
- Brainlab AG
- Mevion Medical Systems Inc.
- C-RAD AB
- Sumitomo Heavy Industries Ltd.
Our Market Research Solution Provides You Answer to Below Mentioned Question:
- Which are the driving factors responsible for the growth of market?
- Which are the roadblock factors of this market?
- What are the new opportunities, by which market will grow in coming years?
- What are the trends of this market?
- Which are main factors responsible for new product launch?
- How big is the global & regional market in terms of revenue, sales and production?
- How far will the market grow in forecast period in terms of revenue, sales and production?
- Which region is dominating the global market and what are the market shares of each region in the overall market in 2024?
- How will each segment grow over the forecast period and how much revenue will these segments account for in 2033?
- Which region has more opportunities?
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