Image Guided Radiotherapy Market by Technology and Geography - Forecast and Analysis 2022-2026

The image guided radiotherapy market share is expected to increase by USD 717.90 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.31%.

This image guided radiotherapy market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by technology (radiation-based systems, non-radiation based systems, and others) and geography (North America, Europe, Asia, and ROW). The image guided radiotherapy market report also offers information on several market vendors, including Canon Inc., C-Rad AB, FUJIFILM Holdings Corp., General Electric Co., Hitachi Ltd., Koninklijke Philips NV, Siemens Healthineers AG, Varian Medical Systems Inc., ViewRay Inc., and Vision RT Ltd. among others.

What will the Image Guided Radiotherapy Market Size be During the Forecast Period?

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Image Guided Radiotherapy Market: Key Drivers and Trends

The rising incidence of cardiac diseases and growth of insurance providers is notably driving the image guided radiotherapy market growth, although factors such as lack of adequate healthcare infrastructure in developing nations may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the image guided radiotherapy industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Image Guided Radiotherapy Market Driver

One of the key factors driving growth in the image guided radiotherapy market is the rising incidence of cardiac diseases and the growth of insurance providers. Radiotherapy is widely used for diagnosing severe and chronic conditions. The increasing prevalence of chronic conditions, such as cancer, cardiovascular diseases, and neurological diseases, is expected to trigger the demand for diagnostic products, including image guided radiotherapy systems, and subsequently drive the growth of the global image guided radiotherapy market. In 2020, the five common diagnosed types of cancers were lung cancer, breast cancer, prostate cancer, colorectal cancer, and stomach cancer. Such cancers accounted for a major share of all diagnosed cases of cancer. The high incidence of cancer is increasing the demand for cancer screening and diagnoses, which is expected to drive the growth of the global image guided radiotherapy market.

Key Image Guided Radiotherapy Market Challenge

The lack of adequate healthcare infrastructure in developing nations will be a major challenge for the image guided radiotherapy market vendors. Radiotherapy devices require ample installation space due to their large size. The lack of adequate healthcare infrastructure in underdeveloped and emerging economies, owing to the limited healthcare expenditure will become a major factor restraining the adoption of radiotherapy systems. Currently, only a limited number of healthcare institutions in underdeveloped and developing countries can use advanced radiotherapy systems for cancer treatment. The lack of healthcare specialists also leads to delayed diagnosis of diseases like cancer. Such factors can hinder the growth of the market in focus during the forecast period.

This image guided radiotherapy market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Image Guided Radiotherapy Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• Canon Inc.
• C-Rad AB
• FUJIFILM Holdings Corp.
• General Electric Co.
• Hitachi Ltd.
• Koninklijke Philips NV
• Siemens Healthineers AG
• Varian Medical Systems Inc.
• ViewRay Inc.
• Vision RT Ltd.

 

This statistical study of the image guided radiotherapy market encompasses successful business strategies deployed by the key vendors. The image guided radiotherapy market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The image guided radiotherapy market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Image Guided Radiotherapy Market?

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44% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for image guided radiotherapy in North America. Market growth in this region will be faster than the growth of the market in the European and ROW regions.

The rising prevalence of chronic diseases, technological advances, product launches, the growing number of awareness programs regarding the early diagnosis of diseases, and the high healthcare spending by people will facilitate the image guided radiotherapy market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Technology Segments in the Image Guided Radiotherapy Market?

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The image guided radiotherapy market share growth by the radiation based systems segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the image guided radiotherapy market size and actionable market insights on post COVID-19 impact on each segment.

 

Image Guided Radiotherapy Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 5.31%
Market growth 2022-2026	$ 717.90 million
Market structure	Fragmented
YoY growth (%)	4.88
Regional analysis	North America, Europe, Asia, and ROW
Performing market contribution	North America at 44%
Key consumer countries	US, Germany, UK, Canada, and Japan
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Canon Inc., C-Rad AB, FUJIFILM Holdings Corp., General Electric Co., Hitachi Ltd., Koninklijke Philips NV, Siemens Healthineers AG, Varian Medical Systems Inc., ViewRay Inc., and Vision RT Ltd.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Image Guided Radiotherapy Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive image guided radiotherapy market growth during the next five years
• Precise estimation of the image guided radiotherapy market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the image guided radiotherapy industry across North America, Europe, Asia, and ROW
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of image guided radiotherapy market vendors

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