Published Date: 31-Jul-2022
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According to a new report, published by KBV research, The Global Radiotherapy Market size is expected to reach $9.3 billion by 2028, rising at a market growth of 6.1% CAGR during the forecast period.
The Hospitals & Clinics segment acquired maximum revenue share in the Global Radiotherapy Market by End User in 2021, thereby, achieving a market value of $6.75 billion by 2028. The rapidly rising growth of the segment is attributed to the increasing number of technological advancements in the healthcare infrastructure all over the world. To meet the diverse needs for radiotherapy procedures, hospitals are typically well-equipped with radiotherapy units.
The Internal Radiation Therapy segment is showcasing a CAGR of 6.5% during (2022 - 2028). Brachytherapy is another term for internal radiation therapy using a solid source. In this form of therapy, radiation-containing ribbons, seeds, or capsules are injected into the body and positioned inside or close to the tumor. Brachytherapy, or internal beam radiotherapy, is a local treatment that targets only a certain area of the body, similar to external beam radiation therapy.
The North America market dominated the Global Radiotherapy Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3.55 billion by 2028. The Asia Pacific market is exhibiting a CAGR of 6.7% during (2022 - 2028). Additionally, The Europe market would showcase a CAGR of 6% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/radiotherapy-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Becton, Dickinson and Company, Siemens Healthineers AG, Accuray, Incorporated, Elekta AB, Eckert & Ziegler AG, Ion Beam Applications SA, iCAD Inc., Isoray Inc., Mevion Medical Systems, Inc., and Nordion Inc. (Sotera Health LLC).
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