Medical Irradiation Market Report 2024-2033: Size, Share, and Insights

Overview and Scope

Medical irradiation refers to the targeted use of radiation in treating diseases, particularly cancer, where controlled doses are applied to damage or destroy specific cells while minimizing their impact on healthy tissues. It is employed in diagnostic settings to produce images of internal structures or functions, facilitating the identification and diagnosis of various medical conditions.

Sizing and Forecast

The medical irradiation market size has grown rapidly in recent years. It will grow from $1.44 billion in 2023 to $1.69 billion in 2024 at a compound annual growth rate (CAGR) of 16.8%. The growth in the historic period can be attributed to increasing prevalence of cancer, growing adoption of radiation therapy, rising geriatric population, increasing demand for non-invasive treatment options, and expansion of healthcare infrastructure.

The medical irradiation market size is expected to see rapid growth in the next few years. It will grow to $2.93 billion in 2028 at a compound annual growth rate (CAGR) of 14.9%. The growth in the forecast period can be attributed to government initiatives to improve cancer care, growing awareness about early detection and treatment, rising disposable income, increasing focus on precision medicine, and rising demand for targeted cancer therapies. Major trends in the forecast period include integration of artificial intelligence in radiation therapy, online adaptive radiotherapy, popularity of hypo fractionated radiation therapy, proton therapy for precise cancer treatment, and shift towards image-guided radiation therapy (IGRT).

Order your report now for swift delivery, visit the link:
https://www.thebusinessresearchcompany.com/report/medical-irradiation-global-market-report

Segmentation & Regional Insights

The medical irradiation market covered in this report is segmented –

1) By Disease Type: Trisomy 21, Translocation Medical Irradiation, Mosaic Medical Irradiation
2) By Treatment: Diagnosis, Therapy
3) By Distribution Channel: Direct Tender, Retail Sales, Other Distribution Channels
4) By End User: Hospital, Clinics, Homecare Setting, Therapy Centers, Other End-Users

North America was the largest region in the medical irradiation market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical irradiation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Intrigued to explore the contents? Secure your hands-on a free sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14139&type=smp

Major Driver Impacting Market Growth

The high prevalence of cancer is expected to propel the growth of the medical irradiation market going forward. Cancer refers to the condition of uncontrolled cell growth, which impacts various organs and contributes to significant morbidity and mortality worldwide. Medical irradiation is a crucial tool in cancer treatment, utilizing targeted radiation to damage or destroy cancer cells while minimizing the impact on healthy tissues. For instance, in October 2023, according to the European Cancer Information System (ECIS), a Belgium-based online tool to provide up-to-date information on cancer incidence, mortality, and survival in the European Union (EU), around 2.74 million new cancer cases were diagnosed in 2022, an increase of 2.3% from 2020. Moreover, cancer-related fatalities increased by 2.4% in 2022 compared to 2020. Therefore, the high prevalence of cancer is driving the growth of the medical irradiation market.

Key Industry Players

Major companies operating in the medical irradiation market are Hitachi Ltd., Thermo Fisher Scientific Inc., Toshiba Corporation, Siemens Healthcare GmbH, Koninklijke Philips N.V., GE Healthcare Company , Mayo Clinic Health System, Canon Medical Systems R&D (Dalian) Co. Ltd., PerkinElmer Inc., Varian Medical Systems Inc., Elekta AB, Accuray Incorporated, Ion Beam Applications S.A., Brainlab AG, ViewRay Technologies Inc., Mevion Medical Systems Inc., RaySearch Laboratories AB, NTP Radioisotopes SOC Ltd., RefleXion Medical Inc., Vision RT Ltd. , Sun Nuclear Corporation, IZI Medical Products LLC, Eckert & Ziegler BEBIG GmbH, C-RAD AB, Panacea Medical Technologies Pvt. Ltd., Standard Imaging Inc., CIVCO Radiotherapy Inc., IntraOp Medical Corporation, RTsafe Solutions Ltd., ASG Superconductors S.p.A., Mirada Medical Corporation

The medical irradiation market report table of contents includes:

1. Executive Summary
2. Medical Irradiation Market Characteristics
3. Medical Irradiation Market Trends And Strategies
4. Medical Irradiation Market – Macro Economic Scenario
5. Global Medical Irradiation Market Size and Growth
.
.
.
32. Global Medical Irradiation Market Competitive Benchmarking
33. Global Medical Irradiation Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Medical Irradiation Market
35. Medical Irradiation Market Future Outlook and Potential Analysis
36. Appendix

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