Radiotherapy, or radiation therapy, is a treatment for cancer that utilizes high doses of radiation to eliminate or destroy cancer cells and shrink tumors without causing extensive damage to surrounding healthy tissues. It utilizes particles or waves having high energy that include X-rays, gamma rays, or electron beams to destroy cancer cells. Radiation therapy depends on many factors such as type of cancer, tumor size, tumor location in the body, overall medical history of the patient, and other underlying medical conditions.
Rapid technological advancements to improve precision of radiotherapy and increasing adoption of radiotherapy to treat and alleviate symptoms of various types of cancer have significantly fueled the revenue growth of the market over the recent past. Increasing expenditure on developing healthcare facilities in countries such as China, Brazil, and India has also positively impacted the revenue growth of the radiotherapy market. Increasing advancements in engineering and computing and advent of real-time imaging of tumor are expected to further fuel market growth going ahead.
Targeted radionuclide therapy or molecular therapy is a type of systemic radiation therapy that entails use of a minute amount of radioactive compounds or radiopharmaceuticals to diagnose patients with advanced prostate cancer, ovarian cancer, or Gastroenteropancreatic Neuroendocrine Tumor (GEP-NET). Increasing number of research studies focusing on the efficacy of targeted nuclide therapy in treatment of advanced prostate cancer and metastatic liver disease is also expected to fuel revenue growth of the market over the forecast period. However, availability of alternative treatment approaches is expected to restrain radiotherapy market growth to a certain extent over the forecast period.
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For the purpose of this report, Reports and Data has segmented the global radiotherapy market on the basis of type, application, end-use, and region:
Type Outlook (Revenue, USD Billion; 2018-2028)
Application Outlook (Revenue, USD Billion; 2018-2028)
End-Use Outlook (Revenue, USD Billion; 2018-2028)
Regional Outlook (Revenue, USD Billion; 2018–2028)
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