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Radiation Oncology Market by Type, Application and Geography - Forecast and Analysis 2023-2027

  • Published: Jan 2023
  • Pages: 165
  • SKU: IRTNTR45594
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The radiation oncology market is estimated to grow at a CAGR of 4.69% between 2022 and 2027. The size of the market is forecast to increase by USD 2,032.03 million. The growth of the market depends on serval factors, including the increasing incidence of cancer, technological advances, and the increasing adoption of radiotherapy equipment. 

This report extensively covers market segmentation by type (EBRT and brachytherapy), application (breast cancer, lung cancer, penile cancer, prostate cancer, and others), and geography (North America, Europe, Asia, and Rest of World). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report consists of historic market data from 2017 to 2021.

What will be the size of the Radiation Oncology Market During the Forecast Period?

Radiation Oncology Market Size

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Parent Market Analysis

Technavio categorizes the global radiation oncology market as a part of the global life sciences tools and services market. The parent, global life sciences tools and services market covers products and companies engaged in R&D of a variety of product categories, including capital equipment, instruments, accessories, and consumables that are used for R&D on pharmaceuticals and biotechnology products and laboratory diagnosis of various diseases. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Radiation Oncology Market: Key Drivers, Trends, Challenges, and Customer Landscape

Technological advances are notably driving the market growth, although factors such as the lack of access to radiotherapy may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Radiation Oncology Market Driver

Technological advances are notably driving market growth. Technological advances and product innovations are driving the growth of the global market. Some new technologies include improved computer-assisted treatment planning, which is equipped with technologically advanced features such as auto contouring, smart segmentation, and improved algorithms; continuous imaging guidance such as fluoroscopic, stereoscopic, and cone beam computed tomography (CT); robotics; higher precision; higher dose rates; gating of the beam to track moving targets; stereotactic treatments; and hypofractionation.

Technological advances have allowed the precise delivery of radiation. They also allow radiation oncologists to deliver higher doses of radiation with improved safety while minimizing the exposure of healthy tissues. Technology advances, such as the advent of precise radiotherapy treatments, brachytherapy, and proton therapy, have improved patient care, reduced treatment times, and increased overall patient throughput. With the advent of radiotherapy equipment such as the CyberKnife and Gamma Knife, the treatment of cancer has become non-invasive and painless. Several vendors are introducing technologically advanced products. There are also many upcoming technologies, such as targeted nanoparticle systems and other therapies that are focused on patient-specific personalized biological targets. They have been shown to work synergistically with radiation to improve the efficiency of killing tumors. Therefore, these factors are expected to drive the growth of the market during the forecast period.

Significant Radiation Oncology Market Trend

The increasing demand for proton therapy is an emerging trend in the market. There has been a significant increase in the number of patients who are treated with proton therapy.  There also has been a significant increase in the number of clinical trials that use proton therapy on various organs such as the ocular, spine, pancreas, prostate, breast, lung, and liver. 

Many manufacturers of proton therapy are focusing on developing smaller and less expensive one- or two-room systems. For instance, Proetus ONE, which is offered by Ion Beam Applications, is a compact single-room proton therapy system that provides the same clinical applications as conventional multi-room proton systems. It is much smaller in size and more affordable. This will make proton therapy more accessible to healthcare facilities and patients. Vendors present in the global market are focusing on various strategies to enhance their product offerings and strengthen their customer base. The shift from big multiroom systems to one- or two-room systems, the reduction in neutron dose, and technological advances such as the advent of superconducting systems, IGPT with spot scanning, IMPT, intensity-modulated treatment, on-board imaging, and motion management is expected to drive the growth of the market during the forecast period.

Major Radiation Oncology Market Challenge

The lack of access to radiotherapy is a major challenge impeding market growth. There is a lack of access to radiotherapy due to a shortage of investments. Low healthcare expenditure, shortage of equipment, and shortage of trained staff and facilities have resulted in the low adoption of radiation equipment. There is a global shortage of radiotherapy services, with more than 90% of all cancer patients in low-income countries lacking access to radiotherapy. 

The global standard for cancer care requires that one radiation megavoltage machine for an average of 150,000 people living in the region. However, some African countries, such as Senegal, Ghana, South Africa, and Ethiopia, have a severe shortage of radiotherapy equipment. Even in high-income countries such as Canada, Australia, and the UK, the number of radiotherapy facilities, equipment, and trained staff is inadequate. Some developed countries have adequate radiotherapy equipment. However, they are mostly centralized in large urban centers, which creates geographical barriers to equitable access. In addition, many European countries do not have adequate radiotherapy machines. It is estimated that a significant proportion of cancer patients across the world will need radiation therapy in the future. However, many of them will not have access. Therefore, such factors will affect the growth of the market during the forecast period.

Key Radiation Oncology Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Radiation Oncology Market Share by Geography

Global Radiation Oncology Market Customer Landscape

Who are the Major Radiation Oncology Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Accuray Inc. - The company operates under one segment. The company under this segment develops, manufactures, and markets proprietary medical devices used in radiation therapy for the treatment of cancer patients. The key offerings of the company include radiation oncology solutions. 

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • Becton Dickinson and Co.
  • Canon Inc.
  • Carl Zeiss AG
  • Elekta AB
  • Hitachi Ltd.
  • iCAD Inc.
  • Ion Beam Applications SA
  • IsoRay Inc.
  • Mallinckrodt Plc
  • Mevion Medical Systems Inc.
  • Nordion Canada Inc.
  • Optivus Proton Therapy Inc.
  • Panacea Medical Technologies Pvt. Ltd.
  • RefleXion Medical Inc.
  • Sensus Healthcare Inc.

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, robust, tentative, and weak.

What is the Fastest-Growing Segment in the Radiation Oncology Market?

The market share growth by the EBRT segment will be significant during the forecast period. EBRT delivers high-energy X-rays or beams that are generated outside the patient's body, generally by a LINAC, into the tumor. It is usually delivered by X-rays, which are also called photons. EBRT can also use electrons or other rare particles such as protons. It is used to treat a wide range of diseases such as breast cancer, CRC, esophageal cancer, head and neck cancer, lung cancer, prostate cancer, and brain tumor.

Radiation Oncology Market Size

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The EBRT segment was valued at USD 6,080.26 million in 2017 and continued to grow until 2021EBRT includes LINAC, compact advanced radiotherapy systems such as CyberKnife, Gamma Knife, and TomoTherapy; and proton therapy products such as cyclotron and synchrotron. LINAC contributes the highest share of revenue to the global EBRT market. It is followed by compact advanced radiotherapy systems and proton therapy systems. The increasing prevalence of cancer, the increasing preference for minimally invasive and non-invasive treatments, the availability of favorable reimbursements, the increasing adoption of technologically advanced EBRT devices by hospitals and clinics, and increasing awareness about advanced EBRT devices drive the growth of the global EBRT market. Several vendors are making significant investments in R&D to upgrade their existing products and launch technologically advanced products in the market. They are also expanding their geographical presence. Hence, all these factors will boost the growth of the focused segment of the global market during the forecast period. 

Which are the Key Regions for the Radiation Oncology Market?

Radiation Oncology Market Share by Geography

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North America is estimated to contribute 40% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

North America dominates the global market. The US is the major contributor to revenue to the market in the region. The US is also the world's largest market for radiation therapy. It has the largest installed base of radiotherapy equipment. The increasing incidence of cancer, the presence of several multinational vendors, the increasing number of radiotherapy procedures and the presence of several radiotherapists, the availability of developed healthcare infrastructure, the increasing adoption of technologically advanced radiation therapy devices, and the high healthcare expenditure are driving the growth of the market in North America.

Furthermore, favorable reimbursements in countries such as the US are also driving the growth of the market in the region. Many vendors are also increasingly focusing on M&A and strategic collaborations to strengthen their market positions. The increasing number of regulatory approvals of new products, the increasing adoption of new technologies such as proton beam therapy, and increasing investments by vendors are also major factors influencing the market growth in the region. The market is favored by the presence of several global and local vendors such as Accuray, Becton, Dickinson, Mevion Medical Systems, Varian Medical Systems, ViewRay Inc. (ViewRay), and Theragenics Corp. (Theragenics). These vendors offer advanced and high-quality radiation oncology products. Hence, the availability of advanced radiation oncology products is likely to contribute to the market growth in this region during the forecast period.

The outbreak of COVID-19 temporarily impacted the growth of the regional market in 2020. However, the initiation of COVID-19 vaccination drives in 2021 and the subsequent lifting of lockdown restrictions led to the gradual resumption of operations of pharmaceutical manufacturing and logistics units, which helped in easing R&D-related constraints. Thus, the gradually improving situation from the impact of the COVID-19 outbreak in North America is anticipated to increase the demand for radiation oncology, which, in turn, will boost the growth of the regional market during the forecast period.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and analyzes the latest trends and growth opportunities from 2017 to 2027. 

  • Type Outlook (USD Million, 2017 - 2027)
    • EBRT
    • Brachytherapy
  • Application Outlook (USD Million, 2017 - 2027)
    • Breast cancer
    • Lung cancer
    • Penile cancer
    • Prostate cancer
    • Others
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • Asia
      • China
      • India
      • Vietnam
      • Others
    • Rest of World
      • Saudi Arabia
      • South Africa
      • Brazil
      • Others

Radiation Oncology Market Scope

Report Coverage

Details

Page number

165

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 4.69%

Market growth 2023-2027

USD 2,032.03 million

Market structure

Fragmented

YoY growth 2022-2023(%)

3.98

Regional analysis

North America, Europe, Asia, and Rest of World (ROW)

Performing market contribution

North America at 40%

Key countries

US, Canada, UK, Germany, and China

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Accuray Inc., Becton Dickinson and Co., Canon Inc., Carl Zeiss AG, Elekta AB, Hitachi Ltd., iCAD Inc., Ion Beam Applications SA, IsoRay Inc., Mallinckrodt Plc, Mevion Medical Systems Inc., Nordion Canada Inc., Optivus Proton Therapy Inc., Panacea Medical Technologies Pvt. Ltd., RefleXion Medical Inc., Sensus Healthcare Inc., Sumitomo Heavy Industries Ltd., Theragenics Corp., Varian Medical Systems Inc., and ViewRay Inc.

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, and Market condition analysis for the forecast period.

Customization purview

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What are the Key Data Covered in this Radiation Oncology Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the radiation oncology market between 2023 and 2027
  • Precise estimation of the size of the radiation oncology market size and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the industry across North America, Europe, Asia, and Rest of World (ROW)
  • A thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of radiation oncology market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global radiation oncology market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global radiation oncology market 2017 - 2021 ($ million)
    • 4.2 Type Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)
    • 4.3 Application Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 30: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Type - Market share 2022-2027 (%)
    • 6.2 Comparison by Type
      • Exhibit 32: Chart on Comparison by Type
      • Exhibit 33: Data Table on Comparison by Type
    • 6.3 EBRT - Market size and forecast 2022-2027
      • Exhibit 34: Chart on EBRT - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on EBRT - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on EBRT - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on EBRT - Year-over-year growth 2022-2027 (%)
    • 6.4 Brachytherapy - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Brachytherapy - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Brachytherapy - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Brachytherapy - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Brachytherapy - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by Type
      • Exhibit 42: Market opportunity by Type ($ million)

    7 Market Segmentation by Application

    • 7.1 Market segments
      • Exhibit 43: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 44: Data Table on Application - Market share 2022-2027 (%)
    • 7.2 Comparison by Application
      • Exhibit 45: Chart on Comparison by Application
      • Exhibit 46: Data Table on Comparison by Application
    • 7.3 Breast cancer - Market size and forecast 2022-2027
      • Exhibit 47: Chart on Breast cancer - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Data Table on Breast cancer - Market size and forecast 2022-2027 ($ million)
      • Exhibit 49: Chart on Breast cancer - Year-over-year growth 2022-2027 (%)
      • Exhibit 50: Data Table on Breast cancer - Year-over-year growth 2022-2027 (%)
    • 7.4 Lung cancer - Market size and forecast 2022-2027
      • Exhibit 51: Chart on Lung cancer - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Data Table on Lung cancer - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Chart on Lung cancer - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on Lung cancer - Year-over-year growth 2022-2027 (%)
    • 7.5 Penile cancer - Market size and forecast 2022-2027
      • Exhibit 55: Chart on Penile cancer - Market size and forecast 2022-2027 ($ million)
      • Exhibit 56: Data Table on Penile cancer - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Chart on Penile cancer - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on Penile cancer - Year-over-year growth 2022-2027 (%)
    • 7.6 Prostate cancer - Market size and forecast 2022-2027
      • Exhibit 59: Chart on Prostate cancer - Market size and forecast 2022-2027 ($ million)
      • Exhibit 60: Data Table on Prostate cancer - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Chart on Prostate cancer - Year-over-year growth 2022-2027 (%)
      • Exhibit 62: Data Table on Prostate cancer - Year-over-year growth 2022-2027 (%)
    • 7.7 Others - Market size and forecast 2022-2027
      • Exhibit 63: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 64: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 65: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 66: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 7.8 Market opportunity by Application
      • Exhibit 67: Market opportunity by Application ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 69: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 70: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 71: Chart on Geographic comparison
      • Exhibit 72: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2022-2027
      • Exhibit 73: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 74: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 75: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 77: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 78: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 79: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 Asia - Market size and forecast 2022-2027
      • Exhibit 81: Chart on Asia - Market size and forecast 2022-2027 ($ million)
      • Exhibit 82: Data Table on Asia - Market size and forecast 2022-2027 ($ million)
      • Exhibit 83: Chart on Asia - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on Asia - Year-over-year growth 2022-2027 (%)
    • 9.6 Rest of World (ROW) - Market size and forecast 2022-2027
      • Exhibit 85: Chart on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
      • Exhibit 86: Data Table on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
      • Exhibit 87: Chart on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
    • 9.7 US - Market size and forecast 2022-2027
      • Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.8 UK - Market size and forecast 2022-2027
      • Exhibit 93: Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 94: Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 95: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.9 Canada - Market size and forecast 2022-2027
      • Exhibit 97: Chart on Canada - Market size and forecast 2022-2027 ($ million)
      • Exhibit 98: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
      • Exhibit 99: Chart on Canada - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on Canada - Year-over-year growth 2022-2027 (%)
    • 9.10 China - Market size and forecast 2022-2027
      • Exhibit 101: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 102: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 103: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.11 Germany - Market size and forecast 2022-2027
      • Exhibit 105: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 106: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 107: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 108: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.12 Market opportunity by geography
      • Exhibit 109: Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 110: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 111: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 112: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 113: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 114: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 115: Matrix on vendor position and classification
            • 12.3 Accuray Inc.
              • Exhibit 116: Accuray Inc. - Overview
              • Exhibit 117: Accuray Inc. - Product / Service
              • Exhibit 118: Accuray Inc. - Key news
              • Exhibit 119: Accuray Inc. - Key offerings
            • 12.4 Becton Dickinson and Co.
              • Exhibit 120: Becton Dickinson and Co. - Overview
              • Exhibit 121: Becton Dickinson and Co. - Business segments
              • Exhibit 122: Becton Dickinson and Co. - Key news
              • Exhibit 123: Becton Dickinson and Co. - Key offerings
              • Exhibit 124: Becton Dickinson and Co. - Segment focus
            • 12.5 Canon Inc.
              • Exhibit 125: Canon Inc. - Overview
              • Exhibit 126: Canon Inc. - Business segments
              • Exhibit 127: Canon Inc. - Key news
              • Exhibit 128: Canon Inc. - Key offerings
              • Exhibit 129: Canon Inc. - Segment focus
            • 12.6 Carl Zeiss AG
              • Exhibit 130: Carl Zeiss AG - Overview
              • Exhibit 131: Carl Zeiss AG - Business segments
              • Exhibit 132: Carl Zeiss AG - Key offerings
              • Exhibit 133: Carl Zeiss AG - Segment focus
            • 12.7 Elekta AB
              • Exhibit 134: Elekta AB - Overview
              • Exhibit 135: Elekta AB - Business segments
              • Exhibit 136: Elekta AB - Key news
              • Exhibit 137: Elekta AB - Key offerings
              • Exhibit 138: Elekta AB - Segment focus
            • 12.8 Hitachi Ltd.
              • Exhibit 139: Hitachi Ltd. - Overview
              • Exhibit 140: Hitachi Ltd. - Business segments
              • Exhibit 141: Hitachi Ltd. - Key news
              • Exhibit 142: Hitachi Ltd. - Key offerings
              • Exhibit 143: Hitachi Ltd. - Segment focus
            • 12.9 iCAD Inc.
              • Exhibit 144: iCAD Inc. - Overview
              • Exhibit 145: iCAD Inc. - Business segments
              • Exhibit 146: iCAD Inc. - Key offerings
              • Exhibit 147: iCAD Inc. - Segment focus
            • 12.10 Ion Beam Applications SA
              • Exhibit 148: Ion Beam Applications SA - Overview
              • Exhibit 149: Ion Beam Applications SA - Business segments
              • Exhibit 150: Ion Beam Applications SA - Key offerings
              • Exhibit 151: Ion Beam Applications SA - Segment focus
            • 12.11 IsoRay Inc.
              • Exhibit 152: IsoRay Inc. - Overview
              • Exhibit 153: IsoRay Inc. - Product / Service
              • Exhibit 154: IsoRay Inc. - Key offerings
            • 12.12 Mallinckrodt Plc
              • Exhibit 155: Mallinckrodt Plc - Overview
              • Exhibit 156: Mallinckrodt Plc - Business segments
              • Exhibit 157: Mallinckrodt Plc - Key news
              • Exhibit 158: Mallinckrodt Plc - Key offerings
              • Exhibit 159: Mallinckrodt Plc - Segment focus
            • 12.13 Mevion Medical Systems Inc.
              • Exhibit 160: Mevion Medical Systems Inc. - Overview
              • Exhibit 161: Mevion Medical Systems Inc. - Product / Service
              • Exhibit 162: Mevion Medical Systems Inc. - Key offerings
            • 12.14 Nordion Canada Inc.
              • Exhibit 163: Nordion Canada Inc. - Overview
              • Exhibit 164: Nordion Canada Inc. - Product / Service
              • Exhibit 165: Nordion Canada Inc. - Key offerings
            • 12.15 Optivus Proton Therapy Inc.
              • Exhibit 166: Optivus Proton Therapy Inc. - Overview
              • Exhibit 167: Optivus Proton Therapy Inc. - Product / Service
              • Exhibit 168: Optivus Proton Therapy Inc. - Key offerings
            • 12.16 Varian Medical Systems Inc.
              • Exhibit 169: Varian Medical Systems Inc. - Overview
              • Exhibit 170: Varian Medical Systems Inc. - Business segments
              • Exhibit 171: Varian Medical Systems Inc. - Key offerings
              • Exhibit 172: Varian Medical Systems Inc. - Segment focus
            • 12.17 ViewRay Inc.
              • Exhibit 173: ViewRay Inc. - Overview
              • Exhibit 174: ViewRay Inc. - Product / Service
              • Exhibit 175: ViewRay Inc. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 176: Inclusions checklist
                • Exhibit 177: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 178: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 179: Research methodology
                • Exhibit 180: Validation techniques employed for market sizing
                • Exhibit 181: Information sources
              • 13.5 List of abbreviations
                • Exhibit 182: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
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              TechnavioDATA ANALYSIS

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              Radiation Oncology market growth will increase by $2032.03 million during 2023-2027.
              The radiation oncology market is expected to grow at a CAGR of 4.69% during 2023-2027.
              Technavio has segmented the radiation oncology market by type (EBRT and Brachytherapy) ,application (Breast cancer, Lung cancer, Penile cancer, Prostate cancer, and Others) , and geography (North America, Europe, Asia, and Rest of World (ROW)).
              Accuray Inc., Becton Dickinson and Co., Canon Inc., Carl Zeiss AG, Elekta AB, Hitachi Ltd., iCAD Inc., Ion Beam Applications SA, IsoRay Inc., Mallinckrodt Plc, Mevion Medical Systems Inc., Nordion Canada Inc., Optivus Proton Therapy Inc., Panacea Medical Technologies Pvt. Ltd., RefleXion Medical Inc., Sensus Healthcare Inc., Sumitomo Heavy Industries Ltd., Theragenics Corp., Varian Medical Systems Inc., ViewRay Inc. are a few of the key vendors in the radiation oncology market.
              North America will register the highest growth rate of 39.76% among the other regions. Therefore, the radiation oncology market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the radiation oncology market growth are:
              • Increasing incidence of cancer
              • Rise in healthcare expenditure
              The radiation oncology market vendors should focus on grabbing business opportunities from the ebrt segment as it accounted for the largest market share in the base year.
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