Radiation Therapy Market Drivers, Strategies, Upcoming Trends, and Forecast by 2031

The Radiation Therapy Market size is expected to reach US$ 12.19 Billion by 2031. The market is anticipated to register a CAGR of 6.4% during 2025-2031.

The report is segmented by Product (External Beam Radiotherapy, Internal Beam Radiotherapy/Brachytherapy, and Systemic Radiotherapy). The report further presents analysis based on the Technology (Image-Guided Radiotherapy (IGRT), Intensity Modulated Radiotherapy (IMRT), Stereotactic Technology, Proton Beam Therapy, 3D Conformal Radiotherapy (3D CRT), Volumetric Modulated Arc Therapy (VMAT), and Others). The report is segmented by Application (Prostate Cancer, Breast Cancer, Lung Cancer, Head And Neck Cancer, Colorectal Cancer, and Other Cancers). The report further presents analysis based on the End user (Hospitals and Independent Radiotherapy Centers). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.

Purpose of the Report

The report Radiation Therapy Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:

1. Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
2. Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
3. Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.

Radiation Therapy Market Segmentation Product

1. External Beam Radiotherapy
2. Internal Beam Radiotherapy/Brachytherapy
3. Systemic Radiotherapy

Technology

1. Image-Guided Radiotherapy
2. Intensity Modulated Radiotherapy
3. Stereotactic Technology
4. Proton Beam Therapy
5. 3D Conformal Radiotherapy
6. Volumetric Modulated Arc Therapy

Application

1. Prostate Cancer
2. Breast Cancer
3. Lung Cancer
4. Head And Neck Cancer
5. Colorectal Cancer
6. Other Cancers

End user

1. Hospitals and Independent Radiotherapy Centers

Radiation Therapy Market: Strategic Insights

Radiation Therapy Market Growth Drivers

1. Increasing Prevalence of Cancer: Cancer is one of the common health conditions significantly impacting society worldwide. According to the World Health Organization (WHO), cancer is the leading cause of death worldwide, accounting for 9.7 million deaths and 20 million new cancer cases in 2022 and it is expected to reach ~35 million new cancer cases by 2050. Radiation therapy can be used at any point in the treatment and can be combined with other treatments such as surgery, chemotherapy, immunotherapy and others.
   
2. Initiatives to Support Developments in Radiation Oncology: The governments and organizations are introducing missions and programs for the quick and effective treatment of cancer with the use of radiotherapy. In September 2023, the International Atomic Energy Agency (IAEA) announced the Report Scope

   Radiation Therapy Market Regional Insights

   The regional trends and factors influencing the Radiation Therapy Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Radiation Therapy Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

   Radiation Therapy Market Report Scope

   By Technology

   • Image-Guided Radiotherapy
   • Intensity Modulated Radiotherapy
   • Stereotactic Technology
   • Proton Beam Therapy
   • 3D Conformal Radiotherapy
   • Volumetric Modulated Arc Therapy

   By Application

   • Prostate Cancer
   • Breast Cancer
   • Lung Cancer
   • Head And Neck Cancer
   • Colorectal Cancer
   • Other Cancers

   By End user

   • Hospitals and Independent Radiotherapy Centers

   Europe

   • UK
   • Germany
   • France
   • Russia
   • Italy
   • Rest of Europe

   Asia-Pacific

   • China
   • India
   • Japan
   • Australia
   • Rest of Asia-Pacific

   South and Central America

   • Brazil
   • Argentina
   • Rest of South and Central America

   Middle East and Africa

   • South Africa
   • Saudi Arabia
   • UAE
   • Rest of Middle East and Africa

   Report Attribute	Details
   Market size in 2024	US$ XX Billion
   Market Size by 2031	US$ 12.19 Billion
   Global CAGR (2025 - 2031)	6.4%
   Historical Data	2021-2023
   Forecast period	2025-2031
   Segments Covered	By Product External Beam Radiotherapy Internal Beam Radiotherapy/Brachytherapy Systemic Radiotherapy
   Regions and Countries Covered	North America US Canada Mexico
   Market leaders and key company profiles	Hitachi, Ltd.; Nordion (Canada) Inc. Mevion Medical Systems. Isoray Inc. BD IBA Worldwide Accuray Incorporated Elekta AB Varian Medical Systems, Inc.

   
   

   Radiation Therapy Market Players Density: Understanding Its Impact on Business Dynamics

   The Radiation Therapy Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

   
   
   
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