Image Guided Radiotherapy Market to grow by USD 717.90 mn | Canon Inc. and C-Rad AB Among Key Market Contributors | Technavio

NEW YORK, Dec. 7, 2021 /PRNewswire/ -- The rising incidence of cardiac diseases and the growth of insurance providers will drive the image guided radiotherapy market during the forecast period. The market is expected to grow by USD 717.90 million from 2021 to 2026. The growth momentum of the market will accelerate at a CAGR of 5.31% during this period.

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Image Guided Radiotherapy Market: Driver

The image guided radiotherapy market is driven by factors such as the rising incidence of cardiac diseases and the growth of insurance providers. Radiotherapy is extensively used for diagnosing severe and chronic conditions. The growing prevalence of chronic diseases, such as cancer, cardiovascular diseases, and neurological diseases, is expected to fuel the demand for diagnostic products. The demand for diagnostic products such as image guided radiotherapy systems will, in turn, drive the growth of the market.

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Image Guided Radiotherapy Market: Segmentation Analysis

The image guided radiotherapy market has been segmented by technology (radiation based systems, non-radiation based systems, and others) and geography (North America, Europe, Asia, and ROW).

By technology, the radiation based systems segment is expected to have significant market share growth during the forecast period.

By geography, North America is expected to account for 44% of the market's growth during the forecast period, with the US and Canada being the key countries. The market growth in the region will be driven by the increasing prevalence of chronic diseases, technological advances, product launches, the growing number of awareness programs regarding the early diagnosis of diseases, and the high healthcare spending by people.

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Market Challenges

Market Drivers

Market Trends

Vendor Landscape

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Competitive scenario

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SOURCE Technavio