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% |
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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% |
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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
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