Vivos Inc (RDGL)

[Popeye]

Radiotherapy Market by Technology (External, Brachytherapy (LDR & HDR), & Systemic Radiotherapy), Product, & Application - Global Forecasts to 2020

The global radiotherapy market is expected to reach $7.5 billion by 2020 from $5.5 billion in 2015, at a CAGR of 6.2% between 2015 and 2020.

North America is expected to hold the largest share of the global radiotherapy market in 2015. By product, application, and technology, the radiotherapy market is broadly segmented into external beam radiotherapy, internal radiotherapy/brachytherapy, and systemic radiation therapy. The external beam radiotherapy segment accounts for the largest share of the radiotherapy market in 2015, and is expected to grow at the highest rate.

Geographically, the report covers four major geographies, namely, North America, Europe, Asia-Pacific, and the Rest of the World. North America is expected to command the largest share of the global radiotherapy market in 2015, followed by Europe. Asia-Pacific radiotherapy market is poised to witness highest growth rate during the forecast period from 2015 to 2020 due to a number of factors including improving healthcare infrastructure and supportive government activities.

Market growth is majorly driven by the technological advancements in radiotherapy products, rise in number of geriatric population, increasing incidence of cancer cases across the globe, increasing symposiums driving investments in radiotherapy, and growing adoption of radiotherapy devices and procedures.

Source:
Research and Markets
Laura Wood, Senior Manager
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Sector: Medical Devices