What Fueled The Previous Growth In The Image Guided Radiation Therapy Market?
The image guided radiation therapy market has seen considerable growth due to a variety of factors.
• In the past few years, the size of the image-guided radiation therapy market has significantly expanded. The market which was valued at $1.89 billion in 2024 is predicted to increase to $2.01 billion in 2025, indicating a compound annual growth rate (CAGR) of 6.1%.
This increase during the historic period can be traced back to factors such as growing industrialization, stringent quality assurance norms, regulatory compliances, development in infrastructure projects, and international expansion of supply chains.
What Can Be Expected from the Image Guided Radiation Therapy Market Size?
The image guided radiation therapy market is expected to maintain its strong growth trajectory in upcoming years.
• In the forthcoming years, a consistent expansion is anticipated in the image-guided radiation therapy market. It is projected to escalate to $2.4 billion in 2029 with a compound annual growth rate (CAGR) of 4.6%.
This growth throughout the projection period can be credited to the ongoing development of infrastructure, alterations in the regulatory environment, the growth of renewable energy, enhanced emphasis on sustainable methods, and the surge in production within the aerospace and automotive industries. During this forecast period, the key trends like miniaturization and portability, evolution in x-ray tube technology, the acceptance of digital radiography, incorporation of artificial intelligence (AI), and customization for specific applications could be seen as significant contributors.
What Are the Critical Driver Fuelling The Image Guided Radiation Therapy Market's Growth?
The image-guided radiation therapy market is expected to expand due to the rising prevalence of cancer. The disease, characterized by the uncontrolled growth and spread of abnormal cells, is increasingly being treated with Image-guided radiation therapy (IGRT) due to its precision in focusing radiation on cancer cells, thus limiting harm to nearby healthy tissue and reducing side effects. For example, a report from the American Cancer Society in January 2022 projected nearly 2 million new cancer diagnoses, a significant surge, with an increase over 10%. Hence, the escalating rates of cancer contribute to the expansion of the image-guided radiation therapy market. An uptick in healthcare spending is another factor propelling growth in the image-guided radiation therapy market. This expenditure refers to the total financial resources dedicated to the healthcare industry within a particular region or organization. When utilized for image-guided radiation therapy, these funds can enhance the precision and effectiveness of cancer treatment. This results in better patient results, fewer treatment side effects, and long-term cost savings due to targeted, efficient cancer care. For example, a report from the UK's Office for National Statistics in May 2023 highlighted that from 2022 to 2023, healthcare spending in the UK rose by 5.6% compared with a 0.9% rise in 2022. Healthcare investment in the UK reached approximately $317.63 billion (£292 billion) in 2023. Consequently, amplified healthcare spending is pushing forward the growth of the image-guided radiation therapy market.
How Is The Image Guided Radiation Therapy Market segmented?
The image-guided radiation therapy market covered in this report is segmented –
1) By Product Type: 4D Gating And 4D RT, Linear Accelerator (LINAC), PET And MRI Guided Radiation Therapy, Portal Imaging, CT Scanning
2) By Procedure: Intensity-Modulation Radiation Therapy, 3D Conformal Radiation Therapy, Stereotactic Therapy, Proton Beam Therapy, Particle Therapy
3) By Application: Lung Cancer, Prostate Cancer, Head And Neck Cancer, Gynecological Cancer, Gastrointestinal Cancer, Other Applications
4) By End User: Hospitals, Independent Radiotherapy Centers
Subsegments:
1) By 4D Gating and 4D RT: 4D Gating Systems, 4D Radiation Therapy Systems
2) By Linear Accelerator (LINAC): Conventional LINAC Systems, Advanced LINAC Systems
3) By PET And MRI Guided Radiation Therapy: PET/CT Guided Radiation Therapy, MRI Guided Radiation Therapy
4) By Portal Imaging: Electronic Portal Imaging, Conventional Portal Imaging
5) By CT Scanning: CT Imaging For Radiation Therapy Planning, Cone Beam CT For Radiation Therapy
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What Emerging Trends Are Influencing The Growth Of The Image Guided Radiation Therapy Market?
Leading enterprises within the image-guided radiation therapy sector are concentrating on pioneering advancements like Cenos, an adaptive therapy alternative available online for radiotherapy procedures. Cenos provides medical professionals with the adaptability to instantly and competently alter a radiation therapy regime if necessary while the patient is still under therapy. As an example, Accuray Incorporated, a US firm specializing in radiation therapy systems, joined forces with Limbus AI, a Canadian company focused on artificial intelligence, in October 2023 to initiate the Cenos platform for their Radixact System. This revolutionary treatment delivery system can handle a diverse range of cancer instances, inclusive of breast, prostate, lung, head, and neck cancers, and also intricate procedures such as total marrow irradiation. Having exclusive features like a high-speed multileaf collimator, an all-inclusive platform, and the Tomo C platform, this therapy alternative equips healthcare practitioners with the flexibility to implement an online modification to their treatment strategy in response to any developments that might emerge between therapy sessions.
Who Are the Key Players In The Image Guided Radiation Therapy Market?
Major companies operating in the image-guided radiation therapy market report are:
• Hitachi Ltd.
• Toshiba Corporation
• Siemens Healthcare GmbH
• Koninklijke Philips N.V.
• GE Healthcare Company
• Varian Medical Systems Inc.
• Elekta AB
• Canon Medical Systems R&D (Dalian) Co. Ltd.
• Accuray Incorporated
• Ion Beam Applications S.A.
• Brainlab AG
• ViewRay Technologies Inc.
• Mevion Medical Systems Inc.
• RaySearch Laboratories AB
• Vision RT Ltd.
• Sun Nuclear Corporation
• IZI Medical Products LLC
• Eckert & Ziegler BEBIG GmbH
• C-RAD AB
• Standard Imaging Inc.
• CIVCO Radiotherapy Inc.
• IntraOp Medical Corporation
• RTsafe Solutions Ltd.
• ASG Superconductors S.p.A.
• Mirada Medical Corporation
• Xstrahl Ltd.
• Mobius Medical Systems LP
• Precision X-Ray Inc.
• RefleXion Medical Inc.
• Panacea Medical Technologies Pvt. Ltd.
What Is The Most Dominant Region In The Image Guided Radiation Therapy Market?
North America was the largest region in the image-guided radiation therapy market in 2024. The regions covered in the image-guided radiation therapy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
