The global image-guided radiotherapy market size is expected to surge significantly and approach US$ 1.9 billion in 2024. The demand for image-guided radiotherapy is anticipated to thrive at a strong 14.7% CAGR between 2024 and 2034. The image-guided radiotherapy sales revenue is envisioned to surpass US$ 7.4 billion by 2034.
One of the main factors expected to accelerate the growth of the image-guided radiotherapy (IGRT) market is the rising incidence of cancer and the quick advancements in cancer treatment. The demand for image-guided radiation therapy (IGRT) is anticipated to be stimulated by the increasing number of older adults and cancer patients worldwide.
The IGRT market has the potential to expand due to industry improvements in technology and the increasing acceptance of various radiotherapy equipment and methods. Increased public understanding of the benefits of radiation therapy is likely to support the image-guided radiotherapy market.
Attributes | Details |
---|---|
Market Value for 2024 | US$ 1.9 billion |
Market Value for 2034 | US$ 7.4 billion |
Market CAGR from 2024 to 2034 | 14.7% |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
Attributes | Details |
---|---|
Market Value for 2019 | US$ 0.9 billion |
Market Value for 2023 | US$ 1.6 billion |
Market CAGR from 2019 to 2023 | 17.1% |
The segmented market analysis of image-guided radiotherapy is included in the following subsection. Based on comprehensive studies, the soft-tissue imaging sector is leading the type category, and the radiation-based segment is commanding the technology category.
Attributes | Details |
---|---|
Top Types | Soft-Tissue Imaging |
CAGR % 2019 to 2023 | 16.8% |
CAGR % 2024 to End of Forecast (2034) | 14.5% |
Attributes | Details |
---|---|
Top Technology | Radiation-Based |
CAGR % 2019 to 2023 | 16.4% |
CAGR % 2024 to End of Forecast (2034) | 14.1% |
Tables highlighting important economies such as South Korea, the United Kingdom, Japan, China, and the United States demonstrate the landscape of the image-guided radiotherapy industry. The significant potential is revealed by a thorough investigation in South Korea, which offers plenty of opportunities for image-guided radiotherapy market expansion.
South Korea has an upward trajectory in the image-guided radiotherapy industry, which calls for more research and investment. These factors include technology breakthroughs, healthcare infrastructure, and regulatory frameworks.
Attribute | South Korea |
---|---|
HCAGR (2019 to 2023) | 22.3% |
CAGR (2024 to 2034) | 16.6% |
Attribute | United Kingdom |
---|---|
HCAGR (2019 to 2023) | 19.6% |
CAGR (2024 to 2034) | 15.7% |
Attribute | Japan |
---|---|
HCAGR (2019 to 2023) | 19.3% |
CAGR (2024 to 2034) | 15.5% |
Attribute | China |
---|---|
HCAGR (2019 to 2023) | 18.9% |
CAGR (2024 to 2034) | 15.1% |
Attribute | United States |
---|---|
HCAGR (2019 to 2023) | 17.6% |
CAGR (2024 to 2034) | 14.9% |
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
Numerous significant image-guided radiotherapy (IGRT) vendors stand out as essential contributors to innovation and development in the highly competitive market. Prominent image-guided radiotherapy suppliers leading the way include ViewRay, General Electric Company, Hitachi, Ltd., Siemens AG, and Koninklijke Philips N.V.
The image-guided radiotherapy providers have come to be recognized as industry leaders, advancing the development of image-guided radiotherapy technology and establishing the bar for dependability and creativity.
With its advanced offerings, ViewRay faces against General Electric Company, a well-established leader recognized for its proficiency in medical imaging technologies. Hitachi, Ltd. offers the market a wealth of knowledge and technological know-how, while Siemens AG and Koninklijke Philips N.V. provide their creative solutions for image-guided radiotherapy.
The substantial image-guided radiotherapy vendors contribute to the continuous advancement of IGRT technology by bringing unique skills and capacities to the competition scene. They ensure that the image-guided radiotherapy (IGRT) market remains competitive and dynamic by investing in research and development and being dedicated to fulfilling the changing demands of patients and healthcare professionals.
By establishing their status as leading image-guided radiotherapy (IGRT) providers, the industry leaders are navigating the market challenges and setting the path for ongoing technological and patient care breakthroughs.
Notable Breakthroughs
Company | Details |
---|---|
Philips | Philips launched Zenition 10 in May 2023, adding to their line of mobile C-arms. |
GE HealthCare | The introduction of Pixxoscan in April 2023 marked a portfolio expansion for GE HealthCare's magnetic resonance imaging (MRI) contrast agents. Clariscan (gadoteric acid) and Pixxoscan (gadobutrol), two of many prominent macrocyclic compounds, are accessible to customers. |
GE HealthCare | GE HealthCare revealed plans in June 2023 to integrate AIR technology into its PET/MR capabilities to enhance patient comfort, simplify therapy evaluation, and increase diagnostic accuracy. |
National Medical Products Administration (NMPA) | ViewRay's MRIdian MRI-guided radiation therapy system was authorized for sale and usage in September 2022 by the National Medical Products Administration (NMPA), China's regulatory body. |
The image guided radiation therapy market to secure a valuation US$ 1.9 billion in 2024.
The image guided radiation therapy market is estimated to attain a worth of US$ 7.4 billion by 2034.
Through 2034, the image guided radiation therapy market is anticipated to strengthen at a 14.7% CAGR.
From 2019 to 2023, the image guided radiation therapy market recorded a 17.1% CAGR.
From 2024 to 2034, the soft-tissue imaging sector is projected to flourish at a 14.5% CAGR.
The radiation-based sector is envisioned to develop at a 14.1% CAGR from 2024 to 2034.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Investment Feasibility Matrix 3.5. PESTLE and Porter’s Analysis 3.6. Regulatory Landscape 3.6.1. By Key Regions 3.6.2. By Key Countries 3.7. Regional Parent Market Outlook 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 4.1. Historical Market Size Value (US$ Million) Analysis, 2019 to 2023 4.2. Current and Future Market Size Value (US$ Million) Projections, 2024 to 2034 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) Analysis By Type, 2019 to 2023 5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Type, 2024 to 2034 5.3.1. Soft-Tissue Imaging 5.3.2. Lung Mri 5.3.3. Simplifying Cardiac Mri 5.3.4. Simplifying Mri-Conditional Implant Scans 5.3.5. Silent Mri Scanning 5.4. Y-o-Y Growth Trend Analysis By Type, 2019 to 2023 5.5. Absolute $ Opportunity Analysis By Type, 2024 to 2034 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Technology 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) Analysis By Technology, 2019 to 2023 6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Technology, 2024 to 2034 6.3.1. Radiation-Based 6.3.2. Non-Radiation Based Systems 6.4. Y-o-Y Growth Trend Analysis By Technology, 2019 to 2023 6.5. Absolute $ Opportunity Analysis By Technology, 2024 to 2034 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Devices 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) Analysis By Devices, 2019 to 2023 7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Devices, 2024 to 2034 7.3.1. X-Ray Computed Tomography (Ct) 7.3.2. Magnetic Resonance Imaging (Mri) 7.3.3. Positron Emission Tomography 7.4. Y-o-Y Growth Trend Analysis By Devices, 2019 to 2023 7.5. Absolute $ Opportunity Analysis By Devices, 2024 to 2034 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End Users 8.1. Introduction / Key Findings 8.2. Historical Market Size Value (US$ Million) Analysis By End Users, 2019 to 2023 8.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By End Users, 2024 to 2034 8.3.1. Hospitals 8.3.2. Smart Cancer Centers 8.3.3. Research Institutes 8.4. Y-o-Y Growth Trend Analysis By End Users, 2019 to 2023 8.5. Absolute $ Opportunity Analysis By End Users, 2024 to 2034 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 9.1. Introduction 9.2. Historical Market Size Value (US$ Million) Analysis By Region, 2019 to 2023 9.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2024 to 2034 9.3.1. North America 9.3.2. Latin America 9.3.3. Western Europe 9.3.4. Eastern Europe 9.3.5. South Asia and Pacific 9.3.6. East Asia 9.3.7. Middle East and Africa 9.4. Market Attractiveness Analysis By Region 10. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 10.2.1. By Country 10.2.1.1. USA 10.2.1.2. Canada 10.2.2. By Type 10.2.3. By Technology 10.2.4. By Devices 10.2.5. By End Users 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Type 10.3.3. By Technology 10.3.4. By Devices 10.3.5. By End Users 10.4. Key Takeaways 11. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 11.2.1. By Country 11.2.1.1. Brazil 11.2.1.2. Mexico 11.2.1.3. Rest of Latin America 11.2.2. By Type 11.2.3. By Technology 11.2.4. By Devices 11.2.5. By End Users 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Type 11.3.3. By Technology 11.3.4. By Devices 11.3.5. By End Users 11.4. Key Takeaways 12. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 12.2.1. By Country 12.2.1.1. Germany 12.2.1.2. UK 12.2.1.3. France 12.2.1.4. Spain 12.2.1.5. Italy 12.2.1.6. Rest of Western Europe 12.2.2. By Type 12.2.3. By Technology 12.2.4. By Devices 12.2.5. By End Users 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Type 12.3.3. By Technology 12.3.4. By Devices 12.3.5. By End Users 12.4. Key Takeaways 13. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 13.2.1. By Country 13.2.1.1. Poland 13.2.1.2. Russia 13.2.1.3. Czech Republic 13.2.1.4. Romania 13.2.1.5. Rest of Eastern Europe 13.2.2. By Type 13.2.3. By Technology 13.2.4. By Devices 13.2.5. By End Users 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Type 13.3.3. By Technology 13.3.4. By Devices 13.3.5. By End Users 13.4. Key Takeaways 14. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 14.2.1. By Country 14.2.1.1. India 14.2.1.2. Bangladesh 14.2.1.3. Australia 14.2.1.4. New Zealand 14.2.1.5. Rest of South Asia and Pacific 14.2.2. By Type 14.2.3. By Technology 14.2.4. By Devices 14.2.5. By End Users 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Type 14.3.3. By Technology 14.3.4. By Devices 14.3.5. By End Users 14.4. Key Takeaways 15. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 15.2.1. By Country 15.2.1.1. China 15.2.1.2. Japan 15.2.1.3. South Korea 15.2.2. By Type 15.2.3. By Technology 15.2.4. By Devices 15.2.5. By End Users 15.3. Market Attractiveness Analysis 15.3.1. By Country 15.3.2. By Type 15.3.3. By Technology 15.3.4. By Devices 15.3.5. By End Users 15.4. Key Takeaways 16. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 16.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 16.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 16.2.1. By Country 16.2.1.1. GCC Countries 16.2.1.2. South Africa 16.2.1.3. Israel 16.2.1.4. Rest of MEA 16.2.2. By Type 16.2.3. By Technology 16.2.4. By Devices 16.2.5. By End Users 16.3. Market Attractiveness Analysis 16.3.1. By Country 16.3.2. By Type 16.3.3. By Technology 16.3.4. By Devices 16.3.5. By End Users 16.4. Key Takeaways 17. Key Countries Market Analysis 17.1. USA 17.1.1. Pricing Analysis 17.1.2. Market Share Analysis, 2023 17.1.2.1. By Type 17.1.2.2. By Technology 17.1.2.3. By Devices 17.1.2.4. By End Users 17.2. Canada 17.2.1. Pricing Analysis 17.2.2. Market Share Analysis, 2023 17.2.2.1. By Type 17.2.2.2. By Technology 17.2.2.3. By Devices 17.2.2.4. By End Users 17.3. Brazil 17.3.1. Pricing Analysis 17.3.2. Market Share Analysis, 2023 17.3.2.1. By Type 17.3.2.2. By Technology 17.3.2.3. By Devices 17.3.2.4. By End Users 17.4. Mexico 17.4.1. Pricing Analysis 17.4.2. Market Share Analysis, 2023 17.4.2.1. By Type 17.4.2.2. By Technology 17.4.2.3. By Devices 17.4.2.4. By End Users 17.5. Germany 17.5.1. Pricing Analysis 17.5.2. Market Share Analysis, 2023 17.5.2.1. By Type 17.5.2.2. By Technology 17.5.2.3. By Devices 17.5.2.4. By End Users 17.6. UK 17.6.1. Pricing Analysis 17.6.2. Market Share Analysis, 2023 17.6.2.1. By Type 17.6.2.2. By Technology 17.6.2.3. By Devices 17.6.2.4. By End Users 17.7. France 17.7.1. Pricing Analysis 17.7.2. Market Share Analysis, 2023 17.7.2.1. By Type 17.7.2.2. By Technology 17.7.2.3. By Devices 17.7.2.4. By End Users 17.8. Spain 17.8.1. Pricing Analysis 17.8.2. Market Share Analysis, 2023 17.8.2.1. By Type 17.8.2.2. By Technology 17.8.2.3. By Devices 17.8.2.4. By End Users 17.9. Italy 17.9.1. Pricing Analysis 17.9.2. Market Share Analysis, 2023 17.9.2.1. By Type 17.9.2.2. By Technology 17.9.2.3. By Devices 17.9.2.4. By End Users 17.10. Poland 17.10.1. Pricing Analysis 17.10.2. Market Share Analysis, 2023 17.10.2.1. By Type 17.10.2.2. By Technology 17.10.2.3. By Devices 17.10.2.4. By End Users 17.11. Russia 17.11.1. Pricing Analysis 17.11.2. Market Share Analysis, 2023 17.11.2.1. By Type 17.11.2.2. By Technology 17.11.2.3. By Devices 17.11.2.4. By End Users 17.12. Czech Republic 17.12.1. Pricing Analysis 17.12.2. Market Share Analysis, 2023 17.12.2.1. By Type 17.12.2.2. By Technology 17.12.2.3. By Devices 17.12.2.4. By End Users 17.13. Romania 17.13.1. Pricing Analysis 17.13.2. Market Share Analysis, 2023 17.13.2.1. By Type 17.13.2.2. By Technology 17.13.2.3. By Devices 17.13.2.4. By End Users 17.14. India 17.14.1. Pricing Analysis 17.14.2. Market Share Analysis, 2023 17.14.2.1. By Type 17.14.2.2. By Technology 17.14.2.3. By Devices 17.14.2.4. By End Users 17.15. Bangladesh 17.15.1. Pricing Analysis 17.15.2. Market Share Analysis, 2023 17.15.2.1. By Type 17.15.2.2. By Technology 17.15.2.3. By Devices 17.15.2.4. By End Users 17.16. Australia 17.16.1. Pricing Analysis 17.16.2. Market Share Analysis, 2023 17.16.2.1. By Type 17.16.2.2. By Technology 17.16.2.3. By Devices 17.16.2.4. By End Users 17.17. New Zealand 17.17.1. Pricing Analysis 17.17.2. Market Share Analysis, 2023 17.17.2.1. By Type 17.17.2.2. By Technology 17.17.2.3. By Devices 17.17.2.4. By End Users 17.18. China 17.18.1. Pricing Analysis 17.18.2. Market Share Analysis, 2023 17.18.2.1. By Type 17.18.2.2. By Technology 17.18.2.3. By Devices 17.18.2.4. By End Users 17.19. Japan 17.19.1. Pricing Analysis 17.19.2. Market Share Analysis, 2023 17.19.2.1. By Type 17.19.2.2. By Technology 17.19.2.3. By Devices 17.19.2.4. By End Users 17.20. South Korea 17.20.1. Pricing Analysis 17.20.2. Market Share Analysis, 2023 17.20.2.1. By Type 17.20.2.2. By Technology 17.20.2.3. By Devices 17.20.2.4. By End Users 17.21. GCC Countries 17.21.1. Pricing Analysis 17.21.2. Market Share Analysis, 2023 17.21.2.1. By Type 17.21.2.2. By Technology 17.21.2.3. By Devices 17.21.2.4. By End Users 17.22. South Africa 17.22.1. Pricing Analysis 17.22.2. Market Share Analysis, 2023 17.22.2.1. By Type 17.22.2.2. By Technology 17.22.2.3. By Devices 17.22.2.4. By End Users 17.23. Israel 17.23.1. Pricing Analysis 17.23.2. Market Share Analysis, 2023 17.23.2.1. By Type 17.23.2.2. By Technology 17.23.2.3. By Devices 17.23.2.4. By End Users 18. Market Structure Analysis 18.1. Competition Dashboard 18.2. Competition Benchmarking 18.3. Market Share Analysis of Top Players 18.3.1. By Regional 18.3.2. By Type 18.3.3. By Technology 18.3.4. By Devices 18.3.5. By End Users 19. Competition Analysis 19.1. Competition Deep Dive 19.1.1. ViewRay 19.1.1.1. Overview 19.1.1.2. Product Portfolio 19.1.1.3. Profitability by Market Segments 19.1.1.4. Sales Footprint 19.1.1.5. Strategy Overview 19.1.1.5.1. Marketing Strategy 19.1.2. General Electric Company 19.1.2.1. Overview 19.1.2.2. Product Portfolio 19.1.2.3. Profitability by Market Segments 19.1.2.4. Sales Footprint 19.1.2.5. Strategy Overview 19.1.2.5.1. Marketing Strategy 19.1.3. Hitachi, Ltd 19.1.3.1. Overview 19.1.3.2. Product Portfolio 19.1.3.3. Profitability by Market Segments 19.1.3.4. Sales Footprint 19.1.3.5. Strategy Overview 19.1.3.5.1. Marketing Strategy 19.1.4. Siemens AG 19.1.4.1. Overview 19.1.4.2. Product Portfolio 19.1.4.3. Profitability by Market Segments 19.1.4.4. Sales Footprint 19.1.4.5. Strategy Overview 19.1.4.5.1. Marketing Strategy 19.1.5. Koninklijke Philips N.V. 19.1.5.1. Overview 19.1.5.2. Product Portfolio 19.1.5.3. Profitability by Market Segments 19.1.5.4. Sales Footprint 19.1.5.5. Strategy Overview 19.1.5.5.1. Marketing Strategy 19.1.6. TOSHIBA CORPORATION 19.1.6.1. Overview 19.1.6.2. Product Portfolio 19.1.6.3. Profitability by Market Segments 19.1.6.4. Sales Footprint 19.1.6.5. Strategy Overview 19.1.6.5.1. Marketing Strategy 19.1.7. Varian Medical Systems, Inc 19.1.7.1. Overview 19.1.7.2. Product Portfolio 19.1.7.3. Profitability by Market Segments 19.1.7.4. Sales Footprint 19.1.7.5. Strategy Overview 19.1.7.5.1. Marketing Strategy 19.1.8. Vision RT Ltd. 19.1.8.1. Overview 19.1.8.2. Product Portfolio 19.1.8.3. Profitability by Market Segments 19.1.8.4. Sales Footprint 19.1.8.5. Strategy Overview 19.1.8.5.1. Marketing Strategy 19.1.9. Scranton Gillette Communications 19.1.9.1. Overview 19.1.9.2. Product Portfolio 19.1.9.3. Profitability by Market Segments 19.1.9.4. Sales Footprint 19.1.9.5. Strategy Overview 19.1.9.5.1. Marketing Strategy 19.1.10. XinRay Systems 19.1.10.1. Overview 19.1.10.2. Product Portfolio 19.1.10.3. Profitability by Market Segments 19.1.10.4. Sales Footprint 19.1.10.5. Strategy Overview 19.1.10.5.1. Marketing Strategy 20. Assumptions & Acronyms Used 21. Research Methodology
Explore Healthcare Insights
View Reports