Image Guided Radiotherapy Market 2023 | Business Analysis and Evolutionary Growth

Research Reports

Jan 21, 2021

Image guided radiotherapy (IGRT) is referred as a type of conformal radiotherapy that involves the use of different scans and X-rays to treat an area of cancer. It firmly shapes the cancerous tissue with radiotherapy beams and scans before and during the radiotherapy treatment. Such therapy is mostly used in the treatment of cancer such as lung cancer, skin cancer, and more

The global IGRT market can achieve a CAGR of 15.8% during the assessment period, reports Market Research Future (MRFR) in an in-depth analysis.

According to the reports by MRFR, the global IGRT market is experiencing a whistle-stop growth owing to the factors such as the increasing prevalence of cancer and rapid development on the cancer treatments. The report has also asserts that according to the World Health Organization (WHO), cancer is one of the leading causes of morbidity and mortality across the world.

However, factors such as continuously rising demand for improved cancer treatment, increasing healthcare expenditure, and government activities for research & development are considerably driving the global IGRT market with higher CAGR over the corresponding period. Apart from this, the growth rates of different types of cancer call for new and advanced treatment options.

Market Segmentation

The global IGRT market has been segmented by types, technology, devices, application, and end-users.

In terms of types, the market is segmented into soft-tissue imaging, lung MRI, simplifying cardiac MRI, simplifying MRI-conditional implant scans, and silent MRI scanning

In terms of technology, the market is segmented into radiation-based, non-radiation based systems, and others. Wherein, the radiation-based system is further segmented into electronic portal imaging devices (EPID), cone beam CT, Fan beam, and others. Further, non-radiation based systems are segmented into ultrasound-based systems, camera-based or optical tracking systems, MRI-guided IGRT, and others.

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Regional Outlook

The regional analysis of global IGRT market is carried out across the Americas, Europe, Asia-Pacific, and the Middle East & Africa.

The Americas is currently leading the market share as the presence of a vast patient population as well as increasing healthcare expenditure has made it possible. Apart from this, increasing awareness among people about radiotherapy treatments and well-developed technology have substantially fueled the global IGRT market growth.

Europe holds the second largest market and has a noticeable share as well. Furthermore, the availability of advanced treatment facilities, skilled medical professionals, and the government support for research & development has expectedly contributed to the market growth in this region.

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Key Players

Some of crucial the players in the global IGRT market are ViewRay (US), General Electric Company (US), Hitachi, Ltd. (Japan), Siemens AG (Germany), Koninklijke Philips N.V. (Netherland), TOSHIBA CORPORATION (Japan), Varian Medical Systems, Inc. (US), Vision RT Ltd. (UK), Scranton Gillette Communications (US), XinRay Systems (US), and C-RAD (Sweden).

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