Radiation Oncology Market to Reach $15.23 Bn, Globally, by 2031 at 7.8% CAGR: Allied Market Research

Growing prevalence of cancer, increasing use of radiotherapy in cancer treatment, and high-end technological developments in radiotherapy equipment drive the growth of the global radiation oncology market.

PORTLAND, Ore., Aug. 23, 2022 /PRNewswire/ -- Allied Market Research published a report, titled, "Radiation Oncology Market by Type (External Beam Radiation Therapy, Internal Beam Radiation Therapy), by Application (Prostate Cancer, Breast Cancer, Lung Cancer, Head and Neck Cancer, Colorectal Cancer, Cervical Cancer, Gynecological Cancer, Others): Global Opportunity Analysis and Industry Forecast, 2021-2030." According to the report, the global radiation oncology industry was estimated at $7.79 billion in 2021, and is anticipated to hit $15.23 billion by 2030, registering a CAGR of 7.8% from 2022 to 2030. The report offers an explicit analysis of the changing market trends, top segments, key investment pockets, value chain, competitive scenario, and regional landscape.

Download Report (280 Pages PDF with Insights, Charts, Tables, Figures):
https://www.alliedmarketresearch.com/request-sample/18888

Determinants of growth-

Growing prevalence of cancer, increasing use of radiotherapy in cancer treatment, and high-end technological developments in radiotherapy equipment drive the growth of the global radiation oncology market. At the same time, the fact that a good combination of 4D imaging and radiotherapy, known as 4D radiotherapy, enables real-time tumor tracking and provides precise data on the tumor's size, shape, area, and volume has been highly beneficial for the industry.

Covid-19 scenario-

• Even though healthcare industries were highly favored by the Covid-19 pandemic, not every part was positively impacted. The majority of clinics across the world were converted to Covid-19 clinics to treat the affected patients. And, unavailability of hospitals and surgeons was a major restrain for the radiation oncology market. ,
• However, as the restrictions were removed and the markets started opening to the masses, the radiation oncology industry has also started restoring at a fast pace.

The external beam radiation therapy segment to dominate by 2031-

By type, the external beam radiation therapy segment contributed to more than three-fourths of the global radiation oncology market share in 2021, and is expected to lead the trail by 2030.This is because external beam radiation therapy is the preferred kind of treatment among patients since it comes with the ability to precisely target the tumor, eliminating aberrant cells and reducing pain. The internal beam radiation therapy segment, however, is expected to exhibit the fastest CAGR of 8.7% from 2022 to 2030.

Specific Requirement on COVID-19? Ask to Our Industry Expert: https://www.alliedmarketresearch.com/request-for-customization/18888?reqfor=covid

The breast cancer segment to rule the roost-

Based on application, the breast cancer segment generated around one-fourth of the global radiation oncology market revenue in 2021, and is expected to lead the trail by 2030, due to aging, obesity, and radiation exposure. The lung cancer segment, on the other hand, would manifest the fastest CAGR of 9.3% from 2022 to 2031.

North America garnered the major share in 2021-

Based on region, North America held the major share in 2021, generating more than two-fifths of the global radiation oncology market. Asia-Pacific, simultaneously, would garner the fastest CAGR of 9.4% by 2031. This is attributed to the fact that lung cancer is the most common cancer in Asian males, followed by stomach, liver, colorectal, and esophageal cancers. The other regions studied in report include Europe and LAMEA.

Key players in the industry-

• Elekta AB
• Accuray Incorporated
• Mevion Medical Systems
• IBA Worldwide
• Nordion (Canada) Inc.
• BD
• Provision Healthcare
• Varian Medical Systems, Inc.
• Isoray Inc.
• Panacea Medical Technologies Pvt. Ltd.

Purchase Inquire:
https://www.alliedmarketresearch.com/purchase-enquiry/18888

The report analyzes these key players in the global radiation oncology market. These players have incorporated various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in assessing the operating segments, their business performance & product portfolio, and so on.

Avenue Basic Plan | Library Access | 1 Year Subscription |

Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.

Request for 14 days free trial: https://www.alliedmarketresearch.com/avenue/trial/starter

"We have also published few syndicated market studies in the similar area that might be of your interest. Below are the report title for your reference, considering Impact of Covid-19 Over This Market which will help you to assess aftereffects of pandemic on short-term and long-term growth trends of this market."

Trending Reports in Healthcare Industry (Book Now with 10% Discount + Covid-19 scenario):

Cosmetic Surgery Market By Gender (Female, Male), By Age Group (13 to 29, 30 to 54, 55 and above), By Procedure (Breast augmentation, Eyelid surgery, Liposuction, Rhinoplasty, Others), By End User (Ambulatory surgical facility, Hospital and clinic, Office and cosmetic surgical center): Global Opportunity Analysis and Industry Forecast, 2021-2031

Kyphoplasty Market by Product (Kyphoplasty Systems, Accessories), by Indication (Osteoporosis, Others), by End User (Hospitals and Clinics, Ambulatory Surgical Centers): Global Opportunity Analysis and Industry Forecast, 2021-2031

Mastopexy Market by Type (Benelli Lift or Donut Lift, Crescent Breast Lift, Lollipop Lift, Anchor Breast Lift), by End Use (Hospitals, Speciality Clinics): Global Opportunity Analysis and Industry Forecast, 2021-2031

Neuromonitoring Devices Market by Product (Intracranial Pressure Monitoring, Cerebral Oximeter, Near Infrared Spectroscopy, Speckle Imaging, Doppler Ultrasound, EEG, Fetal/Neonatal Neuro-Monitoring Devices, Micro Ultrasound, Others): Global Opportunity Analysis and Industry Forecast, 2021-2030

Oral Cancer Treatment Market by Treatment (Chemotherapy, Immunotherapy, and Targeted Therapy), Age Group (30-49, 50-69 and 70<), and End User (Hospital Pharmacies, Drug Stores & Retail Pharmacies, and Online Store): Global Opportunity Analysis and Industry Forecast, 2021–2030

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com/reports-store/life-sciences
Follow Us on LinkedIn: https://www.linkedin.com/showcase/life-sciences-industry-research/

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg