Radiation Oncology Market To Surpass USD 16.78 Billion at a 11.16%. CAGR by 2029
Radiation oncology is the medical discipline concerned with radiation prescription, as opposed to radiology, which is concerned with the use of radiation in medical imaging and diagnosis. A radiation oncologist may prescribe radiation with the purpose to cure ("curative") or for adjuvant therapy. One of the most important cancer treatment modalities is radiation oncology, sometimes known as radiotherapy. This treatment approach employs the careful application of strong radiation beams to either kill cancer cells or alleviate cancer-related symptoms.
Radiation Oncology Market Overview:
This Radiation Oncology Market analysis examines present and developing market trends and dynamics in the worldwide level sensor market. Radiation Oncology In-depth market forecasting for the main market segments between 2021 and 2027 is carried out. Extensive Radiation Oncology market analysis s carried out by attentively monitoring important product positioning and the market framework's top competitors. Key competitors are profiled and their tactics are extensively examined to grasp the competitive perspective of the Radiation Oncology market.
The COVID-19 pandemic has had a severe influence on the worldwide Radiation Oncology business. Radiation Oncology production facilities have been suspended due to downturn and personnel scarcity. The COVID-19 pandemic has resulted in a severe and prolonged decline in production utilization, and travel bans and facility closures have kept employees away from their facilities, resulting in a slowdown in the growth of the Radiation Oncology market in 2020. However, the negative impact of COVID-19 on the Radiation Oncology market is projected to be temporary, and the industry is predicted to rebound rapidly by early 2021, owing to the high demand for Radiation Oncology
Key Insights:
Radiation Oncology Market Size was valued at US$ 8.00 Bn. in 2022 and is expected to reach at US$ 16.78 Bn. in 2029. Global Radiation Oncology Market size is expected to grow at a CAGR of 11.16% through the forecast period.
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Radiation Oncology Market Scope:
The research includes an up-to-date study of the current Radiation Oncology market landscape, as well as the most recent trends and drivers, as well as an overview of the overall Radiation Oncology market environment. The market is being driven by increased demand for Radiation Oncology. The Radiation Oncology market study looks at the technology, end-user, and type categories, etc. as well as the regional landscape.
Radiation Oncology Market Drivers:
The rising prevalence of cancer, the increased use of radiotherapy in cancer treatment, and technological advancements in radiotherapy equipment are all driving factors in the Radiation Oncology Market. The radiation oncology market is likely to be driven by technological improvements that improve treatment safety and efficacy. 4D radiation is a combination of 4D imaging and irradiation that allows for real-time cancer tracking and precise data on tumour size, shape, area, and volume. This combination enables physicians to deliver a conformal dose while accounting for organ, tumour, or patient movement. The rising prevalence of cancer cases worldwide is one of the primary factors driving the growth of the oncology information systems market.
Radiation Oncology Market Segmentation:
by Product & Services & Service
1. Software
1.1. Patient Information Systems
1.2. Radiology Information systems
1.3. Oncology Electronic Medical Record (EHR)
2. Laboratory Information Systems
2.1 Chemotherapy Information System
2.2 Treatment Planning Systems
2.3 Clinical Decision Support Systems
3. Radiotherapy Treatment Planning Systems
4. Brachytherapy Treatment Planning Systems
5. External Beam Radiation Therapy
5.1. Linear Accelerators (Linac)
5.2. Compact Advanced Radiotherapy Systems
5.3. Cyberknife
5.4. Gamma Knife
5.5. Tomotherapy
by Application
1. Radiation Oncology
2. Medical Oncology
3. Surgical Oncology
by End-User
1. Hospitals & Diagnostic Imaging Centers
2. Ablation Care Centers and Cancer Care Centers
3. Government Institutions
4. Research Facilities
Table Of Content:
1. Global Radiation Oncology Market: Research Methodology
2. Global Radiation Oncology Market: Executive Summary
2.1. Market Overview and Definitions
2.1.1. Introduction to Global Radiation Oncology Market
2.2. Summary
2.2.1. Key Findings
2.2.2. Recommendations for Investors
2.2.3. Recommendations for Market Leaders
2.2.4. Recommendations for New Market Entry
3. Global Radiation Oncology Market: Competitive Analysis
3.1. MMR Competition Matrix
3.1.1. Market Structure by region
3.1.2. Competitive Benchmarking of Key Players
3.2. Consolidation in the Market
3.2.1 M&A by region
3.3. Key Developments by Companies
3.4. Market Drivers
3.5. Market Restraints
3.6. Market Opportunities
3.7. Market Challenges
3.8. Market Dynamics
3.9. PORTERS Five Forces Analysis
3.10. PESTLE
3.11. Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• The Middle East and Africa
• South America
3.12. COVID-19 Impact
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Key Players:
The market research study includes thorough quantitative insights that offer a clear picture of the market potential in numerous categories, as well as country-by-country analysis in each covered area. The study examines the market's main affecting elements, as well as detailed company profiles of….
1. Varian Medical Systems, Inc.
2. Elekta AB
3. Accuray Incorporated
4. Ion Beam Applications (IBA)
5. C.R. BARD, INC. (BD)
6. Isoray Medical
7. Mevion Medical Systems, Inc.
8. Nordion Inc.
9. NTP Radioisotopes SOC Ltd.
10. Curium Pharma
11. Provision Healthcare
12. BD
13. Nordion (Canada) Inc.
14. Panacea Medical Technologies Pvt. Ltd
15. Koninklijke Philips N.V. (Netherlands),
16. McKesson Corporation (US),
17. Siemens Healthineers
18. Epic Systems Corporation
19. IBM
20. Cerner Corporation
21. Advanced Data Systems
22. Bogardus Medical Systems, Inc
23. F. Hoffmann-La Roche AG
24. Altai Oncology, LLC.
25. GE Healthcare
26. OPTUM (a part of UnitedHealth Group)
27. Allscripts Healthcare Solutions, Inc.
28. MICA Information Systems, Inc.
29. CureMD Healthcare
30. EndoSoft LLC
31. MIM Software Inc.
32. RaySearch Laboratories AB.
Regional Analysis:
The region segment of the Radiation Oncology Market analysis also contains individual market influencing aspects and changes in market regulations that affect current and future market trends. Data points such as downstream and upstream value chain analysis, technological trends, porter's five forces analysis, and case studies are just a few of the indicators used to forecast market scenarios for various areas. When analyzing prediction data for the region, the existence and availability of players, as well as the difficulties they encounter owing to large or low to none rivalry from local and domestic brands, are all taken into account.
Key Questions Answered in the Radiation Oncology Market Report are:
- Which segment emerged as the leading segment in the Radiation Oncology market?
- Which are the key players in the Radiation Oncology market?
- What trends are likely to emerge in the Radiation Oncology market in the coming years?
- What will be the Radiation Oncology market size by 2027?
- Which company held the largest share in the Radiation Oncology market in 2020?
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