Radiation Therapy Market: By Product (External Beam RT, Internal Beam RT) By Type (Image-guided Radiotherapy (IGRT), Intensity-modulated Radiotherapy (IMRT), Stereotactic Therapy, 3D Conformal Radiotherapy (3D-CRT), Particle Beam Therapy, Others) By Application (Prostate Cancer, Breast Cancer, Lung Cancer, Head & Neck Cancer, Colorectal Cancer, Others cancers) By End User (Hospitals, Independent Radiotherapy Centers) and Geography

Radiation Therapy Market size was valued at USD 6.2 billion in 2022. It is expected to reach USD 8.8 by 2029, at a CAGR of 5.2% from 2023-2029. Ionizing radiation, commonly referred to as radiation treatment or radiotherapy, emits focused radiation beams that kill and destroy cancer cells. With the use of cutting-edge technology, radiation is utilized to target and kill malignant cells while causing the least amount of harm to surrounding healthy cells. The most successful and economical cancer treatment is radiotherapy, which can be combined with cutting-edge technology like image-guided therapy to improve tumor and toxicity management. 

It has been estimated with a significant growth with the help of key drivers which includes increasing public health spending as cancer is the second most deadly disease in the world. There restrain that may hamper the growth is a shortage of trained personnel according to the Clinical Radiology UK Workforce Census 2016 Report, the UK has 7.5 radiologists/100,000 patients the third-lowest among European countries. Governments in different countries focusing on improving health facilities to lower cancer mortality rates increase opportunities in the global radiation therapy market.