Categories: Market Research

Global LINAC Devices Market Analysis 2024 – Estimated Market Size And Key Drivers

The LINAC Devices 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 LINAC Devices Global Market Report 2024, The linac devices market size has grown strongly in recent years. It will grow from $4.79 billion in 2023 to $5.24 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. The growth in the historic period can be attributed to advancements in treatment delivery speed, standardization and regulation, growth in radiosurgery and stereotactic radiosurgery, enhanced safety features, improvements in imaging integration.

The linac devices market size is expected to see strong growth in the next few years. It will grow to $7.19 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to rise in cancer incidences, development of adaptive radiotherapy, increasing demand for image-guided radiation therapy (igrt), enhanced safety and patient comfort, integration of artificial intelligence (ai). Major trends in the forecast period include innovative software solutions, adaptive radiotherapy development, telemedicine integration, incorporation of motion management, focus on patient-centric care.

Rising cancer cases is expected to propel the growth of the LINAC devices market forward. Cancer refers to a disease in which cells grow uncontrollably, and abnormal cells are spread in the body. Linear accelerators are used in radiation therapy to deliver external beam radiation (high-energy X-rays) at the cancer site to treat various cancers. For instance, in January 2023, according to the American Cancer Society, a US-based nonprofit cancer advocacy organization, the number of cancer cases increased from 1,898,160 in 2021 to 1,958,310 in 2023, reflecting a growth of 3.16%. , Therefore, the increased number of cancer cases is driving the LINAC devices market.

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The linac devices market covered in this report is segmented –

1) By Product: High Energy, Low Energy, Medium Energy

2) By Method: Dedicated Linear Accelerator, Non-Dedicated Linear Accelerator

3) By Application: Breast Cancer, Colorectal Cancer, Head And Neck Cancer, Lung Cancer, Prostate Cancer, Other Applications

4) By End User: Clinics, Hospitals, Research Centers

Technological advancements were a key trend gaining popularity in the LINAC devices market. Major companies in the market are introducing products based on innovative technologies such as ViewRay MRIdian MRI-Guided Radiation Therapy System to sustain their position in the market. For instance, in March 2023, GenesisCare, a US-based cancer and cardiac care provider, launched an MRI-guided radiation therapy system at the Lee Health Regional Cancer Center. MRIdian optimizes treatment such that fewer sessions may be necessary by combining precision radiation therapy with cutting-edge, high-resolution MRI guidance. The uniqueness of the product is that it is the first radiotherapy system with diagnostic-quality MRI with an advanced linear accelerator and provides access to the MRIdian Stereotactic MRI-guided Adaptive Radiotherapy (SMART) therapy.

The linac devices market report table of contents includes: