Image-Guided Radiation Therapy Market to Reach $3.3 Billion, Globally, by 2033 at 5.7% CAGR: Allied Market Research

The global image-guided radiation therapy market is experiencing growth due to several factors such as increase in prevalence of cancer, technological advancements in imaging modalities, and growth in trend towards personalized medicine.

WILMINGTON, Del., Aug. 13, 2024 /PRNewswire/ — Allied Market Research published a report, titled, “Image-Guided Radiation Therapy Market by Product (4D RT, LINAC, MRI-guided Radiotherapy, Portal Imaging and CT Scanning), Procedure (IMRT (intensity modulation radiation therapy) , Stereotactic Therapy, Particle Therapy, Others), and End User (Hospitals, Independent Radiotherapy Centers and Others): Global Opportunity Analysis and Industry Forecast, 2024-2033″. According to the report, the image-guided radiation therapy market was valued at $1.9 billion in 2023, and is estimated to reach $3.3 billion by 2033, growing at a CAGR of 5.7% from 2024 to 2033.

Request Sample of the Report on Image-Guided Radiation Therapy Market Forecast 2033 – https://www.alliedmarketresearch.com/request-sample/A323701

Prime determinants of growth

Image-guided radiation therapy (IGRT) is experiencing significant growth due to several key drivers such as technological advancements in imaging modalities such as MRI, CT, and PET have greatly enhanced the precision and accuracy of radiation delivery, allowing for more targeted treatment of tumors while minimizing damage to surrounding healthy tissue. For instance, the integration of MRI-guided radiation therapy systems such as the ViewRay MRIdian system enables real-time visualization of tumors during treatment, leading to improved outcomes.

In addition, the rising incidence of cancer globally, coupled with the increasing demand for personalized medicine, has fueled the adoption of IGRT as a preferred treatment modality. With the ability to tailor radiation therapy to individual patient anatomy and tumor characteristics, IGRT offers enhanced efficacy and reduced side effects. Lastly, favorable reimbursement policies and government initiatives aimed at promoting advanced cancer treatment technologies have further stimulated market growth by facilitating accessibility to IGRT systems for both healthcare providers and patients. For instance, reimbursement policies in countries like the U.S. incentivize the adoption of IGRT by covering a significant portion of treatment costs, thereby encouraging investment in this technology by healthcare facilities. Overall, these drivers are propelling the growth of the IGRT market during the forecast period.

Report coverage & details:

Have a Question? Connect to our Analyst – https://www.alliedmarketresearch.com/connect-to-analyst/A323701 

Segment Highlights

Widespread Application of Linear Accelerators (LINAC) in Treating a Variety of Cancers

Linear Accelerators (LINAC) remain one of the largest and most significant segments, primarily due to their widespread application in treating a variety of cancers. LINAC’s ability to deliver high-energy x-rays or electrons with precision makes it a cornerstone in both conventional and advanced radiotherapy techniques. The segment is further driven by continuous technological advancements, including the integration of real-time imaging, which enhances treatment accuracy and patient outcomes.

4D Radiotherapy (4D RT) represents a significant leap in radiotherapy by incorporating the dimension of time into treatment planning and delivery. This segment is driven by its capability to account for tumor motion due to breathing or other bodily movements, thereby improving the precision of radiation delivery. As a result, 4D RT reduces damage to surrounding healthy tissues, which is a critical factor in patient recovery and quality of life post-treatment.

MRI-guided radiotherapy is another rapidly growing segment, driven by its superior soft tissue imaging capabilities. The integration of MRI with radiotherapy allows for real-time visualization of tumors and surrounding tissues, facilitating more accurate targeting and adaptation of treatment plans. This technology is particularly beneficial for treating cancers located near or within soft tissues, such as the brain, liver, and prostate, where precision is paramount.

Precision and Effectiveness of IMRT in Targeting Tumors

IMRT driven by its precision and effectiveness in targeting tumors while sparing surrounding healthy tissues. This advanced technique allows for the modulation of radiation doses to conform to the three-dimensional shape of the tumor, resulting in fewer side effects and improved patient outcomes. The increasing prevalence of cancer and the rising demand for minimally invasive treatment options further bolster the growth of the IMRT segment.

Stereotactic therapy, another significant segment, is gaining traction due to its ability to deliver high doses of radiation with pinpoint accuracy over a few sessions. This method is particularly beneficial for treating small to medium-sized tumors in sensitive areas such as the brain, spine, and lungs. The technological advancements in imaging and treatment planning systems enhance the effectiveness of stereotactic therapy, making it a preferred choice for patients and healthcare providers alike.

Particle therapy, which includes proton and carbon ion therapy, represents a growing segment due to its superior precision and reduced side effects compared to conventional radiation therapies. Proton therapy, in particular, is noted for its ability to deliver high doses of radiation to tumors while minimizing damage to surrounding tissues. The high initial investment and operational costs are offset by the clinical benefits and increasing adoption of particle therapy centers worldwide.

For Purchase Related Queries/Inquiry – https://www.alliedmarketresearch.com/purchase-enquiry/A323701 

Regional Outlook

North America to maintain its dominance by 2033

North America held the highest market share in terms of revenue in 2023, owing to rise in prevalence of chronic disease cases, presence of key players offering image radiation therapy products, ease of availability, and developed healthcare infrastructure drive the growth of the market. However, emerging countries are experiencing a surge in healthcare spending as economies develop and populations increase. This increased investment in healthcare infrastructure, technology, and services creates a conducive environment for the adoption of image-guided radiation therapy devices.

Key Players:

• Varian Medical Systems Inc.
• Elekta AB
• Accuray Incorporated
• ViewRay Inc.
• Siemens Healthineers AG
• Hitachi Ltd.
• Brainlab AG
• Mevion Medical Systems Inc.
• C-RAD AB
• Sumitomo Heavy Industries Ltd.

The report provides a detailed analysis of these key players in the global image-guided radiation therapy market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) Offered by Allied Market Research:

AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.

Get an access to the library of reports at any time from any device and anywhere. For more details, follow the link: https://www.alliedmarketresearch.com/library-access

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact

David Correa
1209 Orange Street,

Corporation Trust Center,

Wilmington, New Castle,

Delaware 19801 USA.

Toll Free: +1-800-792-5285
Int’l: +1-503-894-6022
UK: +44-845-528-1300

Hong Kong: +852-301-84916

India (Pune): +91-20-66346060

Fax: +1-855-550-5975

[email protected]

Web: https://www.alliedmarketresearch.com

Follow Us on: LinkedIn Twitter

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg 

SOURCE Allied Market Research

Go to Source