What is the current size and annual growth rate of the irradiation apparatus market?
The irradiation apparatus market size has grown strongly in recent years. It will grow from $6.01 billion in 2024 to $6.36 billion in 2025 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to public health concerns, globalization, public perception and acceptance, public health concerns, research and development initiatives.
The irradiation apparatus market size is expected to see steady growth in the next few years. It will grow to $7.53 billion in 2029 at a compound annual growth rate (CAGR) of 4.3%. The growth in the forecast period can be attributed to increased healthcare investments, rising incidence of cancer, expansion of food irradiation, global health threats, government initiatives and regulations. Major trends in the forecast period include personalized radiation therapy, integration of artificial intelligence (AI), advancements in imaging technologies, development of next-generation radiosensitizers, adoption of hybrid technologies.
Get Your Free Sample of The Global Irradiation Apparatus Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=13869&type=smp
Which industry factors have accelerated the irradiation apparatus market’s expansion?
The rising expenditure on healthcare is expected to propel the growth of the irradiation apparatus market going forward. Expenditure on healthcare refers to the total amount of money spent on health-related goods and services within a specific period, encompassing costs related to medical treatment, medications, hospital care, preventive measures, and overall healthcare infrastructure development. The role of high healthcare spending on irradiation apparatus is significant because radiation treatment is resource-intensive, capital-intensive, and technology-intensive, particularly when it comes to the establishment and upkeep of radiation therapy facilities. For instance, in September 2024, the Bureau of Labor Statistics, a US-based Department of Labor, reported healthcare expenditures increasing from 5,850 in 2022 to 6,159 in 2023. Therefore, the rising expenditure on healthcare is driving the growth of the irradiation apparatus market.
What are the primary segments of the irradiation apparatus market?
The irradiation apparatus market covered in this report is segmented –
1) By Type: X-Rays, High Speed Neutrons, Electrons, Gamma Rays, Alphabeta Particles
2) By Usage: Diagnostic Purposes, Therapeutic Purposes, Dental Purposes, Chiropractic Diagnostic Purposes, Industrial And Research Applications
3) By Application: Hospital, Industry, Laboratory, Other Applications
Subsegments:
1) By X-Rays: Diagnostic X-Ray Machines, Therapeutic X-Ray Systems, Portable X-Ray Devices, Fluoroscopy Systems
2) By High Speed Neutrons: Neutron Generators, Neutron Radiography Systems, Neutron Activation Analysis Systems
3) By Electrons: Electron Beam Accelerators, Electron Therapy Systems, Industrial Electron Beam Processors
4) By Gamma Rays: Gamma Irradiators, Gamma Cameras, Gamma Ray Spectroscopy Systems
5) By Alphabeta Particles: Alpha Particle Irradiators, Beta Particle Irradiators, Combined Alpha-Beta Radiation Sources
Order your report now for swift delivery
https://www.thebusinessresearchcompany.com/report/irradiation-apparatus-global-market-report
Which firms are leading the irradiation apparatus market?
Major companies operating in the irradiation apparatus market report are Hitachi Ltd., Siemens Healthcare Private Ltd., Fujifilm Holdings Corporation, GE Healthcare, Philips Healthcare, Ametek Inc., Shimadzu Corporation, Varian Medical Systems Inc., Agfa-Gevaert, Carestream Health Inc., Orion Corporation, Toshiba America Medical Systems Inc., Steris PLC, BioWave Corporation, Comet Yxlon GmbH, KaVo Dental, PROTEC GmbH & Co. KG, Canon Medical Systems Corporation, Ziehm Imaging Inc., Mitsubishi Electric Corporation, Techno-Aide, Allengers infotech, Narang Medical Limited, Xoran Technologies Inc., EIZO Inc., Control-X Medical Ltd.
Which market trends are set to define the future of the irradiation apparatus market?
Major companies operating in the irradiation apparatus market are developing innovative products with advanced technologies, such as advanced Radixact Systems, to gain a competitive edge in the market. The Radixact System is an irradiation apparatus and advanced TomoTherapy platform that delivers precise and personalized radiation therapy for cancer treatment. For instance, in October 2023, Koninklijke Philips N.V., a Netherlands-based medical device company, showcased its latest advancements in MR-guided radiotherapy and the Spectral CT 7500 scanner at the ASTRO 2023 conference. These innovations are designed to assist radiation oncologists in achieving more accurate tumor targeting for radiation therapy, particularly for head-and-neck cancer. The Spectral CT 7500 provides unique incremental spectral information in a single scan, enhancing the visibility of tumor boundaries and internal physiology. This improvement facilitates better dose calculation and tumor targeting, ultimately reducing the number of scans or modalities required for effective radiation therapy planning.
Which geographic trends are shaping the irradiation apparatus market, and which region has the highest market share?
North America was the largest region in the irradiation apparatus market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the irradiation apparatus market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Irradiation Apparatus Market Report 2025 Offer?
The irradiation apparatus market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Irradiation apparatus refers to the equipment and devices used in the process of irradiation, which involves exposing an object or material to high-energy radiation. It is used to ionize radiation to treat medical conditions, sterilize equipment, preserve food, and conduct research and industrial processes.
Purchase the exclusive report now to unlock valuable market insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=13869
About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
