Global Radiation Therapy Market Size, Trends and
Growth Opportunity, By Element, By End Use Industry,
By Region and Forecast till 2027
Global Radiation Therapy Market
Global Radiation Therapy Market was valued at USD 6.36 billion in 2019 which is expected to reach
USD 8.25 billion by 2027 at a CAGR 4.90%
Radiation Therapy is a type of cancer treatment which makes use of intense energy beams to kill
cancer cells. This is local treatment which used to treat carcinogenic cells only in affected area.
Radiation therapy is categorized into two types such as external radiation (radiation comes from
machine), and internal radiation.
The rise in prevalence of various types of cancer is the major driving factor which is expected to fuel
the global radiation therapy market growth over the forecast period. Furthermore, increase in
technological advancements with increase in healthcare expenditure will support the market growth
during this forecast period.
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In the report Radiation Therapy Market has been analyzed through a
segmental perspective. The market segmentation allows a deeper
understanding of the market hotspots.
Also, rise in product approval of products will positively influence the global radiation therapy
market growth. Moreover, rise in demand for non-invasive procedures is another driving factor that
is expected to boost the market growth. In addition to that, increase in geriatric population as well
as adoption of Radiation Therapy devices and procedures which is expected to propel the global
radiation therapy market growth. The rise in opportunities in developing regions and growing need
of cancer treatment are anticipated to drive the market growth during this forecast timeline.
Lack of healthcare infrastructure is the major challenging factor which is expected to hinder the
global radiation therapy market growth. Also, lack of trained pro