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 TherapyBy Procedure;
IGRT, IMRT, 3D-CRT, HDR, LDR, and PDRBy Technology;
EBRT:MR LINAC, Stereotactic, Particle; IBRT/Brachytherapy, and Cobalt-60 TeletherapyBy Application;
Breast Cancer, Prostate Cancer, Cervical Cancer, Head & Neck Cancer, and Other ApplicationsBy End Use;
Hospitals, Specialty Clinics, and OthersBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)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 Period | 2025 - 2031 |
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Base Year | 2024 |
CAGR (%) | 6.7 % |
Market Size (2024) | USD 7,906.92 Million |
Market Size (2031) | USD 12,449.68 Million |
Market Concentration | Medium |
Report Pages | 325 |
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.
Radiation Therapy Market Recent Developments
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In 2023, significant advancements in image-guided radiation therapy (IGRT) have greatly improved tumor targeting precision. This cutting-edge technology, designed to minimize damage to surrounding healthy tissues, has become especially valuable in treating cancers with irregular tumor shapes, such as those found in the head and neck. This precision not only enhances treatment outcomes but also reduces side effects, making IGRT a critical component in modern cancer care.
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In January 2024, the Mayo Clinic partnered with Varian Medical Systems to integrate advanced radiotherapy technologies. This collaboration aims to enhance patient outcomes by utilizing precision-focused treatment solutions, reflecting a shared commitment to advancing cancer care through innovative technology.
Radiation Therapy Market Segment Analysis
In this report, the radiation therapy market has been segmented by type, Procedure, Technology, Application, End Use and geography.
Radiation Therapy Market, Segmentation by Type
The Radiation Therapy Market has been segmented by Type into External-beam Radiation Therapy - Conformal Radiation Therapy, Proton beam Therapy, Image-guided Radiation Therapy, Stereotactic Radiation Therapy and Others, Internal Radiation Therapy - Brachytherapy and Systemic Radiation Therapy.
External-Beam Radiation Therapy
External-beam radiation therapy (EBRT) dominates the radiation therapy market with a share of 70–75%. It involves directing external radiation precisely at tumors and is commonly used in treating a wide range of cancers. The growing integration of EBRT with advanced imaging and planning software has enhanced treatment accuracy and patient outcomes.
Advanced EBRT Techniques
Within EBRT, conformal therapy, IGRT, and stereotactic radiation therapy contribute a substantial portion of usage. Conformal and IGRT techniques make up 25–30%, enabling highly targeted treatment while protecting surrounding tissues. Stereotactic methods contribute an additional 10–15%, offering accelerated treatment for complex tumors in fewer sessions. These technologies support outpatient care models and improve patient throughput.
Proton Beam Therapy
Proton beam therapy, currently holding 5–10%, provides greater precision with minimal radiation spillover to healthy tissues. It is particularly valuable in pediatric cases and sensitive tumor sites. Although adoption is limited due to high costs and specialized facility requirements, support from research institutions and reimbursement frameworks is improving its accessibility.
Internal Radiation Therapy
Internal radiation therapy accounts for 25–30% of the market and includes brachytherapy and systemic treatments. Brachytherapy is widely used in gynecological, prostate, and breast cancers for delivering concentrated doses directly to the tumor. Systemic therapies, including radiopharmaceuticals, are increasingly adopted for treating advanced and metastatic cancers, offering new avenues in personalized oncology.
Radiation Therapy Market, Segmentation by Procedure
The Radiation Therapy Market has been segmented by Procedure into IGRT, IMRT, 3D-CRT, HDR, LDR, and PDR.
IGRT and IMRT
Image-Guided Radiation Therapy (IGRT) and Intensity-Modulated Radiation Therapy (IMRT) collectively dominate the procedural landscape, making up 50–55% of global market share. IGRT enhances treatment precision by using real-time imaging, while IMRT allows for controlled, targeted radiation delivery. These methods are favored for minimizing exposure to healthy tissue and improving outcomes in complex cancers like head, neck, and pelvic tumors.
3D-CRT
3D Conformal Radiation Therapy (3D-CRT) contributes around 20–25% of the procedure-based market. While it lacks the adaptive flexibility of newer techniques, it remains a cost-effective and reliable option. It’s particularly prevalent in developing healthcare systems or where access to high-end equipment is limited, offering acceptable precision for routine oncology use.
HDR and LDR Brachytherapy
High-Dose Rate (HDR) and Low-Dose Rate (LDR) brachytherapy represent a combined 15–20% of the market. HDR enables faster treatments in outpatient settings, while LDR offers sustained radiation exposure over time. These procedures are highly effective for localized treatment in cancers such as prostate and cervical and remain core to internal radiation strategies.
PDR
Pulsed-Dose Rate (PDR) therapy, though comprising only 5–10%, is gaining traction for its ability to mimic LDR outcomes using HDR infrastructure. It's increasingly used in specialized treatment protocols and European cancer clinics. As clinical experience grows and supporting technologies mature, PDR may carve out a stronger presence in the brachytherapy space.
Radiation Therapy Market, Segmentation by Technology
The Radiation Therapy Market has been segmented by Technology into EBRT:MR LINAC, Stereotactic, Particle; IBRT/Brachytherapy, and Cobalt-60 Teletherapy.
EBRT Technologies
External Beam Radiation Therapy (EBRT) technologies lead the market, accounting for nearly 70–75% of total share. MR LINAC systems are at the forefront of innovation, enabling real-time tumor imaging during treatment. Stereotactic systems, including SRS and SBRT, offer ultra-precise, high-dose therapies for tumors in the brain, lungs, and spine. Particle therapy, though limited by cost, is gaining momentum for its high precision and minimal side effects, particularly in pediatric and radiation-sensitive cases.
IBRT/Brachytherapy
IBRT, primarily comprising brachytherapy, represents 20–25% of the radiation therapy market. It delivers targeted radiation directly to the tumor site, reducing damage to adjacent tissues. Brachytherapy remains essential in treating cancers such as prostate, cervix, and breast, and is favored for its high efficacy in fewer sessions. Ongoing integration with EBRT regimens is further boosting its clinical utility.
Cobalt-60 Teletherapy
Cobalt-60 teletherapy systems, while declining in global use, still account for 5–10% of the market. Their affordability and durability make them suitable for resource-constrained settings. Though lacking the advanced features of LINACs, Cobalt-60 machines continue to play a role in expanding access to basic radiation therapy services in emerging economies.
Radiation Therapy Market, Segmentation by Applcation
The Radiation Therapy Market has been segmented by Application into Breast Cancer, Prostate Cancer, Cervical Cancer, Head & Neck Cancer, and Other Applications.
Breast Cancer
Breast cancer leads in application share, accounting for 25–30% of the radiation therapy market. It is a core component of breast cancer management, especially following lumpectomy or mastectomy. Advancements in targeted radiation delivery and shorter treatment schedules have improved outcomes and patient adherence, while rising global incidence continues to expand the patient pool.
Prostate Cancer
Prostate cancer holds a market share of 20–25%, supported by widespread use of brachytherapy and image-guided external radiation techniques. The availability of minimally invasive radiation options and the rising prevalence among aging populations make this a consistently growing segment, particularly in developed regions.
Cervical and Head & Neck Cancer
Together, cervical and head & neck cancers account for roughly 25–35% of total applications. Cervical cancer is prevalent in low-resource countries, where radiation therapy remains the mainstay for advanced cases. Head & neck cancers require specialized delivery due to anatomical sensitivity, fueling demand for IGRT and conformal radiation systems.
Other Applications
The remaining 10–15% comprises radiation treatment for multiple cancer types including brain, lung, liver, and pediatric cancers. Innovations in stereotactic, particle-based, and MR-guided systems are expanding radiation therapy's scope for difficult-to-treat or localized tumors. Though segmented, these applications contribute significantly to overall market value.
Radiation Therapy Market, Segmentation by End Use
The Radiation Therapy Market has been segmented by End Use into Hospitals, Specialty Clinics and Others.
Hospitals
Hospitals dominate the end-use landscape with a market share of 60–65%, offering comprehensive cancer care from diagnosis to post-treatment monitoring. Their integrated infrastructure supports advanced techniques such as IGRT, IMRT, and stereotactic therapies. The presence of multidisciplinary teams and inpatient facilities positions hospitals as the primary centers for complex or high-risk oncology cases.
Specialty Clinics
Specialty clinics contribute approximately 25–30% of the radiation therapy market. These facilities specialize in outpatient oncology services and are known for offering faster treatment cycles and personalized care. With investments in high-tech equipment, they are emerging as viable alternatives to hospitals, particularly in urban settings with rising cancer prevalence.
Others
The remaining 5–10% includes smaller public units, research hospitals, and mobile therapy providers. These institutions cater to rural and hard-to-reach populations, often under public health programs or international collaborations. While not as technologically advanced, they provide essential services that improve radiation therapy access in underserved regions.
Radiation Therapy Market, Segmentation by Geography
In this report, the Radiation Therapy Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
Regions and Countries Analyzed in this Report
Radiation Therapy Market Share (%), by Geographical Region
North America
North America leads the radiation therapy market with an estimated 35–40% share. The region benefits from early technology adoption, a mature healthcare infrastructure, and a high number of accredited cancer treatment centers. Strong insurance coverage and government-funded initiatives support widespread access to cutting-edge therapies like proton beam and MR-guided radiation therapy.
Europe
Europe accounts for approximately 25–30% of the global market. The region’s growth is driven by robust public healthcare support, structured cancer care programs, and ongoing investments in medical technology. High awareness, early screening initiatives, and the availability of trained professionals position Europe as a mature and steadily expanding market for radiation therapy.
Asia Pacific
Asia Pacific holds a growing 20–25% share and is the fastest-expanding regional market. Government-backed infrastructure development, rising cancer burden, and improved access to diagnostics are propelling demand. Emerging economies are scaling up investments in radiation oncology, with increasing adoption of linear accelerators and brachytherapy systems in both urban and rural settings.
Middle East & Africa and Latin America
Together, Middle East & Africa and Latin America contribute around 10–15% of the global market. Although adoption rates remain relatively low, strategic investments, international support, and rising awareness are helping improve access to radiation therapy. Key nations are upgrading cancer care infrastructure and integrating radiotherapy into national health policies.
Radiation Therapy Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Radiation Therapy Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Comprehensive Market Impact Matrix
This matrix outlines how core market forces—Drivers, Restraints, and Opportunities—affect key business dimensions including Growth, Competition, Customer Behavior, Regulation, and Innovation.
Market Forces ↓ / Impact Areas → | Market Growth Rate | Competitive Landscape | Customer Behavior | Regulatory Influence | Innovation Potential |
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Drivers | High impact (e.g., tech adoption, rising demand) | Encourages new entrants and fosters expansion | Increases usage and enhances demand elasticity | Often aligns with progressive policy trends | Fuels R&D initiatives and product development |
Restraints | Slows growth (e.g., high costs, supply chain issues) | Raises entry barriers and may drive market consolidation | Deters consumption due to friction or low awareness | Introduces compliance hurdles and regulatory risks | Limits innovation appetite and risk tolerance |
Opportunities | Unlocks new segments or untapped geographies | Creates white space for innovation and M&A | Opens new use cases and shifts consumer preferences | Policy shifts may offer strategic advantages | Sparks disruptive innovation and strategic alliances |
Drivers, Restraints and Opportunity Analysis
Drivers
- Increasing prevalence of cancer worldwide
- Advancements in radiotherapy technologies
- Growing demand for non-invasive treatments
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Government funding for cancer care - Key driver accelerating the growth of the radiation therapy market. As cancer rates continue to climb, public health systems across the world are increasing their investments in comprehensive oncology services. This financial support allows healthcare institutions to acquire advanced radiation therapy equipment, expand treatment facilities, and improve accessibility for patients. In turn, more individuals gain timely access to life-saving radiation treatments that are critical to managing and curing various forms of cancer.
Public funding also helps reduce the cost burden on patients through national insurance programs or cancer-specific financial aid schemes. By subsidizing radiation therapy, governments make it more affordable for economically disadvantaged populations. This encourages wider adoption of radiation-based treatments and supports hospitals in upgrading their infrastructure without incurring overwhelming capital expenses. As more treatment centers are equipped with state-of-the-art radiation systems, the overall availability and efficiency of care significantly improve.
In addition to infrastructure investment, government support often includes allocations for clinical training, research, and innovation. This ensures that healthcare professionals are well-equipped to deliver safe and precise radiation therapy. Furthermore, funding for the development of new treatment protocols enhances clinical outcomes and accelerates the shift toward more personalized cancer care. The impact of such efforts is seen in higher patient survival rates and better quality of life for those undergoing radiation therapy.
Many governments are also partnering with international agencies and private organizations to strengthen cancer care in underserved areas. These public-private collaborations, supported by government funding, are instrumental in bringing modern radiation therapy solutions to regions lacking adequate infrastructure. As the global emphasis on early diagnosis and accessible treatment intensifies, continued government investment will remain essential in driving growth and innovation in the radiation therapy market.
Restraints
- High setup and maintenance costs
- Shortage of trained radiotherapy professionals
- Side effects associated with radiation treatment
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Limited access in rural areas - Major restraint on the growth of the radiation therapy market. While advanced treatment options are increasingly available in urban centers, many remote regions continue to lack the necessary infrastructure and specialized care for cancer treatment. The absence of local radiotherapy units and trained professionals makes it difficult for patients in rural settings to access timely and effective therapy, forcing them to travel long distances or forego treatment altogether.
This geographic imbalance in cancer care often leads to delayed diagnoses and treatment disruptions, which can have serious implications on patient outcomes. Individuals living in remote locations may face challenges related to transportation, cost, and physical health, all of which hinder their ability to receive consistent radiation therapy. As a result, patients may opt for less effective alternatives or discontinue care prematurely, contributing to higher cancer mortality rates in rural areas.
The financial burden of establishing and maintaining radiation therapy centers in less populated regions further complicates the situation. High installation costs, equipment maintenance, and limited availability of skilled personnel present significant barriers for healthcare providers. Even when facilities are established, they often struggle with underutilization and staffing shortages, which affect the overall efficiency and quality of service delivery.
Overcoming these challenges requires targeted policy initiatives, mobile treatment units, and investment in tele-oncology to bring radiotherapy services closer to underserved populations. Expanding access to care in rural areas is essential for reducing treatment disparities and ensuring that all patients, regardless of location, benefit from advances in cancer care. Addressing these gaps will be key to driving inclusive growth in the radiation therapy market.
Opportunities
- Emerging Markets Expansion
- Government and Private Initiatives
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Innovation in Affordable Solutions - Creating strong growth potential in the radiation therapy market. With cancer incidence rising worldwide, there is an urgent need for cost-effective treatment options, particularly in low- and middle-income countries. Traditional radiation systems can be prohibitively expensive for many healthcare systems, but technological advancements are paving the way for scalable, budget-friendly solutions that maintain treatment quality while reducing financial strain.
Manufacturers are increasingly developing compact linear accelerators and streamlined software systems that lower the total cost of ownership. These innovations minimize installation, maintenance, and operational costs, making it feasible for smaller hospitals and clinics to implement radiation therapy services. Additionally, the use of mobile and modular treatment units is helping extend access to radiation therapy in rural and underserved areas, where permanent infrastructure may not be available.
Progress in automation, artificial intelligence, and remote planning is further contributing to affordability and accessibility. These technologies reduce reliance on highly specialized personnel, making it easier to deliver accurate and efficient treatment in facilities with limited staffing. By optimizing workflows and minimizing treatment errors, these tools enhance the cost-effectiveness of radiation therapy while improving clinical outcomes and resource utilization.
As governments and healthcare organizations focus on expanding access to oncology care, the demand for innovative, affordable radiation therapy solutions is expected to rise. These developments not only support greater health equity but also open new markets for providers and manufacturers. By aligning innovation with accessibility, affordable technologies are playing a vital role in driving sustainable and inclusive growth across the global radiation therapy landscape.
Radiation Therapy Market Competitive Landscape Analysis
Key players in Radiation Therapy Market include:
- 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.
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Market Share Analysis
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Type
- Market Snapshot, By Procedure
- Market Snapshot, By Technology
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Market Snapshot, By Application
- Market Snapshot, By End Use
- Market Snapshot, By Region
- Radiation Therapy Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Increasing prevalence of cancer worldwide
- Advancements in radiotherapy technologies
- Growing demand for non-invasive treatments
- Government funding for cancer care
- Restraints
- High setup and maintenance costs
- Shortage of trained radiotherapy professionals
- Side effects associated with radiation treatment
- Limited access in rural areas
- Opportunities
- Emerging Markets Expansion
- Government and Private Initiatives
- Innovation in Affordable Solutions
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Radiation Therapy Market, By Type, 2021 - 2031 (USD Million)
- External-Beam Radiation Therapy
- Conformal Radiation Therapy
- Proton Beam Therapy
- Image-Guided Radiation Therapy
- Stereotactic Radiation Therapy
- Others
- Internal Radiation Therapy
- Brachytherapy
- Systemic Radiation Therapy
- External-Beam Radiation Therapy
- Radiation Therapy Market, By Procedure, 2021 - 2031 (USD Million)
- IGRT
- IMRT
- 3D-CRT
- HDR
- LDR
- PDR
- Radiation Therapy Market, By Technology, 2021 - 2031 (USD Million)
- EBRT:MR LINAC
- Stereotactic
- Particle; IBRT/Brachytherapy
- Cobalt-60 Teletherapy
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Radiation Therapy Market, By Application, 2021 - 2031 (USD Million)
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Breast Cancer
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Prostate Cancer
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Cervical Cancer
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Head & Neck Cancer
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Other Applications
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- Radiation Therapy Market, By End Use, 2021 - 2031 (USD Million)
- Hospitals
- Specialty Clinics
- Others
- Radiation Therapy Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Radiation Therapy Market, By Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- 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.
- Company Profiles
- Analyst Views
- Future Outlook of the Market