The Radiation Oncology Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Radiation Oncology Market?
The market size of the Radiation Oncology Global Market has experienced strong growth in recent times, increasing from $7.99 billion in 2024 to an estimated $8.75 billion in 2025. This represents a compound annual growth rate (CAGR) of 9.6%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Radiation Oncology Industry?
The Radiation Oncology Global Market is projected to expand to $12.51 billion in 2029, with a Compound Annual Growth Rate (CAGR) of 9.3%.
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What are the Key Growth Drivers Fueling the Radiation Oncology Market?
The key drivers in the Radiation Oncology market are:
• Rising demand for precision cancer treatments
• Expansion of outpatient cancer centers
• Increased usage of treatment planning software in the field
• Government initiatives focusing on cancer care and the subsequent growth of healthcare infrastructure
Global Market Segmentation: Identifying Major Radiation Oncology Industry Segments
The radiation oncology market covered in this report is segmented –
1) By Type: External Beam Radiation Therapy, Internal Beam Radiation Therapy
2) By Application: Prostate Cancer, Breast Cancer, Lung Cancer, Head And Neck Cancer, Colorectal Cancer, Cervical Cancer, Gynecological Cancer, Other Applications
3) By End-User: Hospitals, Cancer Research Institutes, Other End-Users
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What are the Emerging Trends Shaping the Future of the Radiation Oncology Market?
The key trends in the Radiation Oncology market are:
• The trend towards personalized treatment plans is beginning to shape the field.
• Advancements in high-definition imaging are emerging as a new cornerstone.
• AI-powered imaging techniques are becoming increasingly important.
• Significant developments in the areas of stereotactic body radiation therapy (SBRT) and brachytherapy are predicted to shape the future market.
Who Are the Top Competitors & Leading Players in the Radiation Oncology Market?
Major companies in the Radiation Oncology market are:
• Hitachi Ltd.
• Siemens Healthineers
• Philips Healthcare
• GE Healthcare Technologies Inc.
• Varian Medical Systems
• Shimadzu Corporation
• Elekta AB
• Mirion Technologies
• Ion Beam Applications (IBA)
• Accuray Incorporated
• Canon Medical Systems
• Eckert & Ziegler BEBIG
• ViewRay Inc.
• MDS Nordion
• Mevion Medical Systems
• PTW-Freiburg
• Toshiba Medical Systems
• CivaTech Oncology
• ProTom International
• Radcal Corporation
• ScandiDos.
Regional Dominance: Which Area Leads the Global Radiation Oncology Market?
North America was the largest region in the radiation oncology market in 2024
