Global Radiation Therapy Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

External-Beam Radiation Therapy - Conformal Radiation Therapy, Proton Beam Therapy, Image-Guided Radiation Therapy, Stereotactic Radiation Therapy and Others, Internal Radiation Therapy - Brachytherapy & Systemic Radiation Therapy

By Procedure;

IGRT, IMRT, 3D-CRT, HDR, LDR, and PDR

By Technology;

EBRT:MR LINAC, Stereotactic, Particle; IBRT/Brachytherapy, and Cobalt-60 Teletherapy

By Application;

Breast Cancer, Prostate Cancer, Cervical Cancer, Head & Neck Cancer, and Other Applications

By End Use;

Hospitals, Specialty Clinics, and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn117589219 Published Date: May, 2025 Updated Date: June, 2025

Radiation Therapy Market Overview

Radiation Therapy Market (USD Million)

Radiation Therapy Market was valued at USD 7,906.92 million in the year 2024. The size of this market is expected to increase to USD 12,449.68 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.7%.


Global Radiation Therapy Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 6.7 %


Study Period2025 - 2031
Base Year2024
CAGR (%)6.7 %
Market Size (2024)USD 7,906.92 Million
Market Size (2031)USD 12,449.68 Million
Market ConcentrationMedium
Report Pages325
7,906.92
2024
12,449.68
2031

Major Players

  • Varian Medical Systems, Inc.
  • Elekta AB
  • Accuray Incorporated
  • Siemens Healthineers
  • ViewRay, Inc.
  • IBA Worldwide
  • ProTom International, Inc.
  • Mevion Medical Systems, Inc.
  • RaySearch Laboratories AB
  • Hitachi, Ltd.

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Radiation Therapy Market

Fragmented - Highly competitive market without dominant players


The radiation therapy market is expanding as the need for effective cancer treatments rises. Radiation therapy, utilized in approximately 60% of all cancer cases, remains a cornerstone in modern oncology due to its ability to precisely target cancerous cells while preserving healthy tissue. This targeted approach continues to drive market growth as healthcare providers prioritize precision medicine.

Impact of Technological Innovations
Cutting-edge advancements like intensity-modulated radiation therapy (IMRT), stereotactic body radiation therapy (SBRT), and proton therapy are transforming patient care. These advanced systems now represent over 40% of the market, reflecting a shift towards more precise and patient-focused treatment options. Such innovations are enhancing clinical outcomes and reducing side effects, reinforcing the market’s upward trajectory.

Rising Use of Image-Guided Radiation Therapy (IGRT)
Image-guided radiation therapy (IGRT) has become an integral part of modern cancer treatment, accounting for nearly 35% of the market. IGRT systems utilize real-time imaging for precise tumor targeting, even as tumors shift or change shape during therapy, improving local control rates and minimizing radiation exposure to healthy tissues.

Significant Investments in Cancer Care Infrastructure
Healthcare providers are investing heavily in radiation therapy infrastructure to meet the rising demand for cancer treatments. Hospital-based centers now generate roughly 45% of the market’s revenue, highlighting a growing focus on integrated care solutions. This investment trend is further supported by government initiatives aimed at enhancing cancer care access.

Positive Growth Outlook Driven by Research and Development
Research and development remain crucial for the market's progress, with around 20% of overall industry investment dedicated to advancing radiation therapy technologies. These efforts focus on improving treatment accuracy, reducing session durations, and enhancing patient outcomes, supporting the market’s continued growth.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Procedure
    3. Market Snapshot, By Technology
    4. Market Snapshot, By Application

    5. Market Snapshot, By End Use
    6. Market Snapshot, By Region
  4. Radiation Therapy Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing prevalence of cancer worldwide
        2. Advancements in radiotherapy technologies
        3. Growing demand for non-invasive treatments
        4. Government funding for cancer care
      2. Restraints
        1. High setup and maintenance costs
        2. Shortage of trained radiotherapy professionals
        3. Side effects associated with radiation treatment
        4. Limited access in rural areas
      3. Opportunities
        1. Emerging Markets Expansion
        2. Government and Private Initiatives
        3. Innovation in Affordable Solutions
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Radiation Therapy Market, By Type, 2021 - 2031 (USD Million)
      1. External-Beam Radiation Therapy
        1. Conformal Radiation Therapy
        2. Proton Beam Therapy
        3. Image-Guided Radiation Therapy
        4. Stereotactic Radiation Therapy
        5. Others
      2. Internal Radiation Therapy
        1. Brachytherapy
        2. Systemic Radiation Therapy
    2. Radiation Therapy Market, By Procedure, 2021 - 2031 (USD Million)
      1. IGRT
      2. IMRT
      3. 3D-CRT
      4. HDR
      5. LDR
      6. PDR
    3. Radiation Therapy Market, By Technology, 2021 - 2031 (USD Million)
      1. EBRT:MR LINAC
      2. Stereotactic
      3. Particle; IBRT/Brachytherapy
      4. Cobalt-60 Teletherapy
    4. Radiation Therapy Market, By Application, 2021 - 2031 (USD Million)

      1. Breast Cancer

      2. Prostate Cancer

      3. Cervical Cancer

      4. Head & Neck Cancer

      5. Other Applications

    5. Radiation Therapy Market, By End Use, 2021 - 2031 (USD Million)
      1. Hospitals
      2. Specialty Clinics
      3. Others
    6. Radiation Therapy Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Varian Medical Systems Inc.
      2. Elekta AB
      3. Accuray Incorporated
      4. Siemens Healthineers
      5. ViewRay Inc.
      6. IBA Worldwide
      7. ProTom International Inc.
      8. Mevion Medical Systems Inc.
      9. RaySearch Laboratories AB
      10. Hitachi Ltd.
  7. Analyst Views
  8. Future Outlook of the Market