The Image-Guided Radiation Therapy Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Image-Guided Radiation Therapy Global Market Report 2024, The image-guided radiation therapy market size has grown strongly in recent years. It will grow from $1.78 billion in 2023 to $1.89 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to growing industrialization, quality assurance requirements, regulatory compliance, expanding infrastructure projects, globalization of supply chains..
The image-guided radiation therapy market size is expected to see steady growth in the next few years. It will grow to $2.3 billion in 2028 at a compound annual growth rate (CAGR) of 5.0%. The growth in the forecast period can be attributed to continued infrastructure development, evolving regulatory landscape, renewable energy expansion, increased focus on sustainable practices, rise in aerospace and automotive production.. Major trends in the forecast period include miniaturization and portability, advancements in x-ray tube technology, digital radiography adoption, integration of artificial intelligence (ai), customization for specific applications..
The increasing incidence of cancer is expected to propel the growth of the image-guided radiation therapy market going forward. Cancer refers to the uncontrolled proliferation and dissemination of abnormal cells within the body. Image-guided radiation therapy (IGRT) is used for cancer treatment due to its ability to provide precise and accurate radiation to cancer cells while minimizing damage to healthy tissue and reducing side effects. For instance, in January 2022, according to a report by the American Cancer Society, a US-based non-profit organization, the anticipated number of newly diagnosed cancer cases is around 2 million, which represents a significant increase of nearly over 10% compared to the 1.8 million new cases reported in 2021. Therefore, the increasing incidence of cancer is driving the growth of the image-guided radiation therapy market going forward.
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The image-guided radiation therapy market covered in this report is segmented –
1) By Product Type: 4D Gating And 4D RT, Linear Accelerator (LINAC), PET And MRI Guided Radiation Therapy, Portal Imaging, CT Scanning
2) By Procedure: Intensity-Modulation Radiation Therapy, 3D Conformal Radiation Therapy, Stereotactic Therapy, Proton Beam Therapy, Particle Therapy
3) By Application: Lung Cancer, Prostate Cancer, Head And Neck Cancer, Gynecological Cancer, Gastrointestinal Cancer, Other Applications
4) By End User: Hospitals, Independent Radiotherapy Centers
Major companies operating in the image-guided radiation therapy market are focusing on technological advancements such as Cenos, which is an online adaptive therapy option for radiotherapy treatments. Cenos offers healthcare professionals the ability to promptly and effectively modify a radiation therapy treatment plan if needed while the patient is still undergoing treatment. For instance, in October 2023, Accuray Incorporated, a US-based manufacturer of radiation therapy systems, in partnership with Limbus AI, a Canada-based artificial intelligence company, launched the Cenos platform for its Radixact System. It is a state-of-the-art treatment delivery system that offers compromise-free capabilities to treat a wide range of cancer cases, including breast, prostate, lung, and head and neck cancers, as well as complex treatments such as total marrow irradiation. It has unique features, including a high-speed multileaf collimator, a fully integrated platform, and the Tomo C platform. Moreover, this therapy option provides healthcare providers with the option to carry out an online adjustment of their treatment plan to accommodate any changes that may arise between treatment sessions.
The image-guided radiation therapy market report table of contents includes:
- Executive Summary
- Image-Guided Radiation Therapy Market Characteristics
- Image-Guided Radiation Therapy Market Trends And Strategies
- Image-Guided Radiation Therapy Market - Macro Economic Scenario
- Global Image-Guided Radiation Therapy Market Size and Growth
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- Global Image-Guided Radiation Therapy Market Competitive Benchmarking
- Global Image-Guided Radiation Therapy Market Competitive Dashboard
- Key Mergers And Acquisitions In The Image-Guided Radiation Therapy Market
- Image-Guided Radiation Therapy Market Future Outlook and Potential Analysis
- Appendix
Top 5 Major Key Players Are:
- Hitachi Ltd
- Toshiba Corporation
- Siemens Healthcare GmbH
- Koninklijke Philips N.V
- GE Healthcare Company
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The relatively new technology for integrating magnetic resonance imaging (MRI) with radiation therapy is becoming increasingly prevalent, with revenues from the MRI-guided radiation therapy systems market exceeding US$ 220 Mn in 2018, according to a recent study by Fact.MR.
This remarkable growth potential of the MRI-guided radiation therapy systems market can be attributed to burgeoning adoption of innovative technologies in the cancer diagnosis & treatment, alongside growing focus on patient-centric care.Request for the Report Summary: https://www.factmr.com/report/2572/mri-guided-radiation-therapy-system-marketThe study assesses macro and microeconomic factors that define the growth prospects of the MRI-guided radiation therapy systems market.
It finds that leading players in the rapidly-growing healthcare sector are vying for new techniques in cancer treatment to compensate for involuntary patient movements and improve precision to a much higher degree.
In addition, the paradigm shift in preference of cancer patients towards radiation therapies, from invasive to non-invasive procedures, is expected to remain instrumental in adoption of MRI-guided radiation therapy systems in cancer care.The study opines that hospital, with over 51% revenue share, will remain the target customer for players in the MRI-guided radiation therapy systems market in 2019.
Opportunities abound for of MRI-guided radiation therapy system developers,, with ongoing clinical development of high-tech procedures exploiting Linac MR-RT (Linear accelerators integrated with magnetic resonance radiotherapy).Request for the Sample of the Report: https://www.factmr.com/connectus/sample?flag=S_id=2572The study also finds that radiotherapy centers are adopting technologically-advanced MRI-compatible radiation models, to explore numerous possibilities to make radiotherapy treatment more effective.
Market players are focusing on building a successful consortium with the help of physicians, clinicians, as well as Original Equipment Manufacturers (OEMs), to tap opportunities in the radiation therapy centers.The study opines that the increasing healthcare expenditure in the United States (U.S.) will remain a key growth determinant of the MRI-guided radiation therapy systems market in North America.
With a multi-disciplinary approach, Fact.MR elaborates an extensive analysis of the historical, current and future outlook of the global MRI-guided radiation therapy systems market as well as the factors responsible for such a growth.
Our highly dedicated professionals have inputted critical and accurate insights associated with every industry, and region by doing thorough primary and secondary research.We leverage space-age industrial and digitalization tools to provide avant-garde actionable insights to our clients regarding the MRI-guided radiation therapy systems market growth.
For enhancing readers’ experience, the report starts with a basic overview about the MRI-guided radiation therapy systems and its classification.
Further, we have considered 2013 as the base year, 2028 as the estimated year, 2018-2028 as the stipulated timeframe.Competitive Assessment The MRI-guided radiation therapy systems market report includes global as well as emerging players:Elekta ABViewray Technologies, Inc.Device Technologies Australia Pty Ltd.Minogue Medical Inc.The insights for each vendor consists of:Company profileSWOT analysisMain market informationMarket shareRevenue, pricing and gross marginYou can Request an Example Copy from here - https://www.factmr.com/connectus/sample?flag=S_id=2572Regional Analysis Important regions covered in the MRI-guided radiation therapy systems market report include:North America (Canada, US)Latin America (Argentina, Mexico)Europe (NORDIC, UK)APEJ (China, India)The MRI-guided radiation therapy systems market report also provides data regarding the key countries in the defined regions.What insights does the MRI-guided radiation therapy systems market report provide to the readers?MRI-guided radiation therapy systems market fragmentation on the basis of product type, end use, and region.Comprehensive assessment of upstream starting materials, downstream demand, and present market landscape.Collaborations, R projects, acquisitions, and product launches of each MRI-guided radiation therapy systems market player.Various regulations imposed by the governments on the consumption of MRI-guided radiation therapy systems in detail.Impact of modern technologies, such as big data & analytics, artificial intelligence, and social media platforms on the global MRI-guided radiation therapy systems market.
The global MRI-guided Radiation Therapy Systems market report offers complete overview of various aspects.
The Global MRI-guided Radiation Therapy Systems Market study is major compilation of significant information with respect to the competitor details of this market.
According to a new Fact.MR study, the MRI-guided Radiation Therapy Systems market is poised to expand at an impressive value CAGR of 20% through 2028.Note: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post COVID-19 crisis.
Report of MRI-guided Radiation Therapy Systems provides the summarized study of several factors encouraging the growth of the market such as manufacturers, market size, types, applications, and regions.
Likewise, to assess the market size, this study offers a precise analysis of the provider’s landscape as well as a corresponding detailed study about the manufacturers operating in the MRI-guided Radiation Therapy Systems market.
Moreover, in past few years owing to the new innovations and strategic ideas the MRI-guided Radiation Therapy Systems market has recorded a significant development and is anticipated to further rise over the forecast period.
