The radiotherapy market will advance at a rate of 8.4% in the years to come to reach USD 17,194.4 million by 2030. The growing frequency of cancer and increasing acceptance of advanced treatment procedures are the key factors supporting the growth of the market.
External-Beam Equipment will observe the fastest growth in the years to come. In this radiation therapy high-energy X-ray radiation is transported to tumors within the body of the patient by a machine outside it.
Hospitals generated the highest revenue in the recent past, as stated by a market expert at P&S Intelligence. This is because most of the radiotherapy processes are done at hospitals, in the supervision of trained healthcare specialists, as a result of their intricacy.
APAC radiotherapy market will grow the fastest in the years to come. The main factors supporting this industry growth include the increasing burden of cancer, inciting investments by public and private organizations, and improving healthcare infra.
The rising burden of continuing diseases is disturbing LMICs, in addition to high-income countries. For example, cancer is one of the most-dominant chronic illnesses globally.
As per the American Institute of Cancer Research, by 2030, the count of new cancer cases will reach about 25 million. Most of these cases will be recorded in LMICs, for example China and India.
Tech progressions in treatment protocols have powered the requirement of the demand for automated products, which can be combined into clinical practice systems for reducing the time and surge the efficiency of treatments. As a result of these expansions, the market will have a positive effect in the future. With tech progressions, there has been a widespread emphasis on the enhancement of patient care.
Moreover, the obtainability of automated, more-efficient, and innovative clinical tools in radiation therapy and arrival of SBRT, IMRT, IGRT, VMAT, SRS, proton therapy, and brachytherapy, are contributing significantly to the growth of the industry for radiotherapy equipment.
Increasing healthcare expenditure all over the world, has a lot to do with the increasing requirement for radiotherapy, in the years to come.