Single Dose Radiotherapy Services Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The single-dose radiotherapy services market size has grown strongly in recent years. It will grow from $1.37 billion in 2023 to $1.48 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to technological advancements, integration of big data analytics, development of portable radiotherapy devices, increasing use of robotics in radiotherapy, and adoption of cloud-based treatment planning.
The single-dose radiotherapy services market size is expected to see strong growth in the next few years. It will grow to $2.02 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to the rising adoption of single-dose therapies, growing demand for non-invasive treatments, increasing healthcare expenditure, growing geriatric population, and expanding telemedicine services. Major trends in the forecast period include technological advancements, integration of big data analytics, development of portable radiotherapy devices, increasing use of robotics in radiotherapy, and adoption of cloud-based treatment planning.
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Scope Of Single Dose Radiotherapy Services Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Single Dose Radiotherapy Services Market Overview
Market Drivers –
The increase in cancer prevalence is anticipated to propel the market for single-dose radiotherapy services going forward. Cancer refers to a class of diseases characterized by uncontrolled cell growth, often forming tumors that can invade and spread to other parts of the body, impairing normal bodily functions. The prevalence of cancer is due to aging populations, lifestyle changes, environmental exposures, and advancements in detection and diagnosis. Single-dose radiotherapy services contribute to mitigating rising cancer prevalence by delivering swift, effective treatment that targets and eliminates cancer cells, potentially enhancing patient outcomes and lessening disease burden. For instance, in June 2024, according to the International Agency for Research on Cancer (IARC), a France-based intergovernmental organization, the number of new instances of breast cancer worldwide increased from 2.26 million in 2020 to 2.31 million cases in 2022. Therefore, the increase in cancer prevalence drives growth in the single-dose radiotherapy services market.
Market Trends –
Major companies operating in the single-dose radiotherapy services market are increasing their focus on developing innovative solutions, such as radiation therapy computed tomography (CT) solutions, to enhance imaging accuracy and simplify simulation workflows for oncology care. A new radiation therapy computed tomography (CT) solution is an advanced imaging system designed to improve the precision of radiation treatment, while the AI-enhanced version of the intelligent radiation therapy (iRT) platform incorporates artificial intelligence to optimize and personalize radiation therapy plans. For instance, in May 2024, GE HealthCare, a US-based medical technology company, launched Revolution RT and the Updated Intelligent Radiation Therapy (IRT) Platform. These solutions feature enhanced imaging accuracy, improved workflow efficiency, and AI-driven personalization, with the Revolution RT focusing on precise radiotherapy simulation and the updated iRT platform to streamline workflows and enhance precision. These technological advancements in radiotherapy significantly improve imaging accuracy and precision, simplify workflows, and enhance personalization and analytics capabilities, optimizing single-dose radiotherapy treatments for individual patients and increasing the efficiency, effectiveness, and accessibility of these services.
The single dose radiotherapy services market covered in this report is segmented –
1) By Type: Internal Beam Radiotherapy, External Beam Radiotherapy
2) By Application: Prostate Cancer, Breast Cancer
3) By Service Provider: Specialized Cancer Institutes, Radiotherapy Centers
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Regional Insights –
North America was the largest region in the single dose radiotherapy services market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the single dose radiotherapy services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the single dose radiotherapy services market are Hitachi Ltd., Varian Medical Systems Inc., Boston Scientific Corporation, Elekta AB, GenesisCare, Accuray Incorporated, IBA Dosimetry GmbH, Sirtex Medical Limited, Telix Pharmaceuticals Limited, ViewRay Inc., RaySearch Laboratories AB, RefleXion Medical Inc., Sensus Healthcare Inc., C-RAD AB, Panacea Medical Technologies Pvt. Ltd., Advanced Oncotherapy Plc, ProTom International Inc., Isoray Inc., IntraOp Medical Corporation, Alliance Oncology, Nanobiotix, Xcision Medical Systems LLC, Oraya Therapeutics Inc.
Table of Contents
- Executive Summary
- Single Dose Radiotherapy Services Market Report Structure
- Single Dose Radiotherapy Services Market Trends And Strategies
- Single Dose Radiotherapy Services Market – Macro Economic Scenario
- Single Dose Radiotherapy Services Market Size And Growth
…..
- Single Dose Radiotherapy Services Market Competitor Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
- Appendix
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