JERSEY CITY, N.J. , May 28, 2024 /PRNewswire/ — InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the “Global Robotic Radiotherapy Market– (Product (Radiotherapy System, Software, 3D Camera, Others), Technology (Linear Accelators, Steriotactic Radiation Therapy, Particle Therapy), Application (Prostate Cancer, Breast Cancer, Lung Cancer, Head and Neck Cancer, Colorectal Cancer, and Other Cancers.), End-User (Hospitals, Independent Radiotherapy Centres)), By Region, Trends, Industry Competition Analysis, Revenue and Forecast To 2031.”
According to the latest research by InsightAce Analytic, the Global Robotic Radiotherapy Market is valued at US$ 1.2 Bn in 2023, and it is expected to reach US$ 2.9 Bn by 2031, with a CAGR of 12.0% during the forecast period of 2024-2031.
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Robotic radiotherapy is an advanced method of delivering radiation treatment to cancer patients using highly sophisticated robotic technology. This technique allows extremely precise targeting of radiation doses to the tumor, minimizing damage to the surrounding healthy tissues. Robotic radiotherapy is especially beneficial for treating tumors in hard-to-reach or highly sensitive body areas. With a global rise in cancer cases, there is a growing demand for advanced treatment options such as robotic radiotherapy.
The robotic radiotherapy market is witnessing substantial growth, driven by factors advancements in technology and increasing demand for precise cancer treatments. Robotic systems offer enhanced accuracy and efficiency in delivering radiation therapy, reducing treatment times, and minimizing damage to healthy tissues. However, the issues related to product recalls and radiotherapy systems’ interoperability present a significant challenge for the manufacturers and end users. Continuous improvements in robotics and medical imaging are making robotic radiotherapy more effective and accessible.
List of Prominent Players in the Robotic Radiotherapy Market:
Varian Medical Systems, Inc.
Elekta
Accuray Incorporated
Viewray Technologies, Inc.
Panacea Medical Technologies Pvt. Ltd.
Iba Proton Therapy
Mevion Medical Systems
Hitachi, Ltd.
Sumitomo Heavy Industries, Ltd.
Protom International
Optivus Proton Therapy, Inc.
P-Cure.
Provision Healthcare, Llc
Standard Imaging, Inc.
Brainlab Ag
C-Rad
Raysearch Laboratories.
Dosisoft Sa.
Mim Software, Inc.
Sun Nuclear Corporation
Scandidos Ab
Vision Rt
Civco Radiotherapy
Lap Gmbh Laser Applikationen
Mvision Ai
Linatech, Inc.
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Market Dynamics:
Drivers:
The robotic radiotherapy market is primarily driven by advancements in technology, offering improved precision and efficiency in cancer treatment. Robotic systems enable highly targeted radiation therapy, minimizing damage to surrounding healthy tissues and organs. This accuracy leads to better treatment outcomes and reduced side effects, attracting both patients and healthcare providers.
Additionally, the rising incidence of cancer globally, particularly in aging populations, fuels the demand for advanced treatment options. Moreover, ongoing research and development efforts by key market players to enhance robotic platforms and treatment planning software further propel market growth. Overall, these factors contribute to the expanding adoption of robotic radiotherapy solutions worldwide.
Challenges:
Despite its growth, the robotic radiotherapy market faces several challenges. High initial costs relatedwith acquiring and maintaining robotic systems pose a significant barrier for healthcare facilities. Additionally, there are concerns regarding the need for specialized training for healthcare professionals to operate these systems effectively. Integration of robotic platforms with existing treatment workflows and electronic health record systems also presents technical challenges.
Furthermore, regulatory hurdles and reimbursement issues can slow down market adoption. Lastly, there’s ongoing pressure to demonstrate the long-term clinical benefits and cost-effectiveness of robotic radiotherapy compared to conventional treatments, which requires extensive research and evidence-gathering.
Regional Trends:
The North America robotic radiotherapy market is estimated to register a significant market share and is estimated to grow at a high CAGR in the near future. The largest share of North America can be attributed to the rapid adoption of radiotherapy systems, the presence of good healthcare infrastructure, a rising number of cancer patients, substantial government investment to improve access to advanced cancer care through radiotherapy, and favorable reimbursement policies in the region contribute to the situation.
Moreover, North America is home to some of the leading manufacturers and developers of robotic radiotherapy systems, such as Varian Medical Systems, Accuray Incorporated, and Elekta AB. These companies are propelled to innovate and improve their products, ensuring a steady supply of cutting-edge robotic radiotherapy solutions to the market.
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Recent Developments:
In June 2023, Ray Research Laboratories launched Ray Station 12A, an advanced treatment radiation planning system.
In May 2023, Vision RT received approval from the FDA to commercialize its SGRT product, Map RT, in the US.
In February 2022, MIM Software formed a partnership with Genesis Care, one of the largest providers of cancer care services in Australia.
Segmentation of Robotic Radiotherapy Market-
By Product
Radiotherapy Systems
Softwares
3D Cameras (Surface Guided)
Others
By Technology
Linear Accelerators
Conventional Linear Accelerators
MRI – Linear Accelerators
Stereotactic Radiation Therapy Systems
Cyberknife
Gamma Knife
Particle Therapy
Proton Beam Therapy
Heavy Ion beam Therapy
By Application
Prostate Cancer
Breast Cancer
Lung Cancer
Head & Neck Cancer
Colorectal Cancer
Other Cancers
By End-user
Hospitals
Independent Radiotherapy Centers
By Region-
North America-
The US
Canada
Mexico
Europe-
Germany
The UK
France
Italy
Spain
Rest of Europe
Asia-Pacific-
China
Japan
India
South Korea
South East Asia
Rest of Asia Pacific
Latin America-
Brazil
Argentina
Rest of Latin America
Middle East & Africa-
GCC Countries
South Africa
Rest of Middle East and Africa
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Why should buy this report:
To receive a comprehensive analysis of the prospects for global Robotic Radiotherapy market
To receive industry overview and future trends of global Robotic Radiotherapy market
To analyze the Robotic Radiotherapy market drivers and challenges
To get information on the Robotic Radiotherapy market size value (US$ Mn) forecast till 2031
Major Investments, Mergers & Acquisition in global Robotic Radiotherapy industry
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Digital Surgery Technologies Market
Radiation Therapy Quality Assurance Phantoms Market
Robotic Surgery Consumables Market
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