Internal Radiation Therapy Market Report 2024 (Global Edition)

Global Internal Radiation Therapy Market Report 2024 Market Size Split by Product Type (Applicators and afterloaders, Electronic internal radiation therapy, Other), by Procedure (HDR internal radiatio...

Internal Radiation Therapy Market Report Description

We have various report editions of Internal Radiation Therapy Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.

Internal Radiation Therapy Market Insights Video

Competitive Landscape of the Internal Radiation Therapy Market

The competitive landscape of the Internal Radiation Therapy Market is characterized by a range of players competing to gain market share through financial statements, positioning within the market, geographic penetration, and their product and/or service offerings. Key players in the market include established biomedical firms specialized onco hospitals, and surgical firms aiming to disrupt the market with innovative radiation technologies.

October 2023: The National Medical Products Administration (NMPA) of China has approved Accuray Incorporated's Tomo C radiation therapy system. (Source: https://investors.accuray.com/news-releases/news-release-details/accuray-announces-approval-tomor-c-radiation-treatment-delivery?mobile=1) May 2022: The FDA gave MagnetTx Oncology Solutions Ltd. (Canada) certification for its Aurora-RT LINAC-MR technology. (Source: https://www.magnettx.com/magnettx-aurorart-receives-fda-clearanc) July 2023: IBA and the Apollo Proton Cancer Centre (APCC) in India partnered to offer proton beam therapy training to oncologists. (Source: https://www.apollohospitals.com/chennai/iba-partners-exclusively-with-apollo-proton-cancer-centre-for-providing-proton-beam-therapy-training-to-oncologists-from-across-the-globe/)

Top Companies Market Share in Internal Radiation Therapy Industry: (In no particular order of Rank)

• Eckert & ZieglerVarian Medical Systems Inc.
• IsoRay Medical Inc.
• Elekta AB
• Theragenics Corporation
• Becton
• Dickinson and Company
• CIVCO Medical Solutions
• Sun Nuclear Corporation
• ICAD Inc.
• Confidential Data
• Access The Paid Version
• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Internal Radiation Therapy Market

Which Region Dominates the Internal Radiation Therapy Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue due to the region's large number of cancer patients receiving radiation treatment operations, well-established healthcare facilities, favourable reimbursement regulations. Technology advancement in therapiesl considerations also play a significant role in market dynamics.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the Internal Radiation Therapy Market due to the region's growing patient population and increasing economic development. Additionally, increase in the introduction of new products by manufacturers is anticipated to propel the radiation therapy market in Asia Pacific.These factors underscore a robust outlook for the industry in the region.

The current report Scope analyzes Internal Radiation Therapy Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Internal Radiation Therapy Market

According to Cognitive Market Research, the global Internal Radiation Therapy Market size was estimated at USD 5658.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 2263.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Internal Radiation Therapy Market with a market size of USD 1785.73 million in 2024 and is projected to grow at a CAGR of 6.8% during the forecast period. The nation's advancements in radiation technology.
• The Canada Internal Radiation Therapy Market had a market share of USD 271.59 million in 2024 and is projected to grow at a CAGR of 7.8% during the forecast period. Canada's rising awareness about therapies in developing nations.
• The Mexico Internal Radiation Therapy Market is projected to witness growth at a CAGR of 7.5% during the forecast period, with a market size of USD 205.96 million in 2024.

Europe Internal Radiation Therapy Market

According to Cognitive Market Research, the global Internal Radiation Therapy Market size was estimated at USD 5658.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 1697.46 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.3% from 2024 to 2031.

• The United Kingdom Internal Radiation Therapy Market had a market share of USD 285.17 million in 2024 and is projected to grow at a CAGR of 8.1% during the forecast period. In the UK, internal radio therapy sales witness an upswing due to the nation's rising demand for this technology.
• The France Internal Radiation Therapy Market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 156.17 million in 2024.
• According to Cognitive Market Research, the German Internal Radiation Therapy Market size was valued at USD 336.10 million in 2024 and is projected to grow at a CAGR of 7.5% during the forecast period. In Germany, internal radiation therapy surged due to the presence of major market players.
• The Italy Internal Radiation Therapy Market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 145.98 million in 2024.
• The Russia Internal Radiation Therapy Market is projected to witness growth at a CAGR of 6.3% during the forecast period, with a market size of USD 263.11 million in 2024.
• The Spain Internal Radiation Therapy Market is projected to witness growth at a CAGR of 6.4% during the forecast period with a market size of USD 139.19 million in 2024
• The Luxembourg Internal Radiation Therapy Market is projected to witness growth at a CAGR of 7.4% during the forecast period, with a market size of USD 52.62 million in 2024.
• The Portugal Internal Radiation Therapy Market is projected to witness growth at a CAGR of 7.1% during the forecast period, with a market size of USD 35.65 million in 2024.
• The Greece Internal Radiation Therapy Market is projected to witness growth at a CAGR of 7.6% during the forecast period, with a market size of USD 20.37 million in 2024.
• Rest of Europe's Internal Radiation Therapy Market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD 263.11 million in 2024.

Asia Pacific Internal Radiation Therapy Market

According to Cognitive Market Research, the global Internal Radiation Therapy Market size was estimated at USD 5658.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 1301.39 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.8% from 2024 to 2031.

• According to Cognitive Market Research, the China Internal Radiation Therapy Market size was valued at USD 585.62 million in 2024 and is projected to grow at a CAGR of 10.3% during the forecast period. Internal radiation therapy surged in China due to the adoption of various technologies.
• The Japan Internal Radiation Therapy Market is projected to witness growth at a CAGR of 9.3% during the forecast period, with a market size of USD 179.59 million in 2024.
• The India Internal Radiation Therapy Market had a market share of USD 156.17 million in 2024 and is projected to grow at a CAGR of 12.6% during the forecast period. India’s internal radiation therapy sales witness an upswing due to an increase in the quantity of regional participants.
• The South Korean Internal Radiation Therapy Market is projected to witness growth at a CAGR of 9.9% during the forecast period, with a market size of USD 130.14 million in 2024.
• The Australian Internal Radiation Therapy Market is projected to witness growth at a CAGR of 10.5% during the forecast period, with a market size of USD 67.67 million in 2024.
• The South East Asia Internal Radiation Therapy Market is projected to witness growth at a CAGR of 11.8% during the forecast period, with a market size of USD 89.80 million in 2024.
• The Rest of Asia Pacific Internal Radiation Therapy Market is projected to witness growth at a CAGR of 10.6% during the forecast period, with a market size of USD 92.40 million in 2024.

South America Internal Radiation Therapy Market

According to Cognitive Market Research, the global Internal Radiation Therapy Market size was estimated at USD 5658.2 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 282.91 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2031. .

• According to Cognitive Market Research, the Brazil Internal Radiation Therapy Market size was valued at USD 121.09 million in 2024 and is projected to grow at a CAGR of 8.8% during the forecast period. Internal radiation therapy flourished in Brazil due to the innovation in radiation technology.
• Argentina's Internal Radiation Therapy Market had a market share of USD 47.53 million in 2024 and is projected to grow at a CAGR of 9.1% during the forecast period. Argentina's technological advancements augment the demand.
• Colombia Internal Radiation Therapy Market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD 25.18 million in 2024.
• Peru Internal Radiation Therapy Market is projected to witness growth at a CAGR of 8.4% during the forecast period, with a market size of USD 23.20 million in 2024.
• Chile Internal Radiation Therapy Market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 20.37 million in 2024.
• The Rest of Latin America's Internal Radiation Therapy Market is projected to witness growth at a CAGR of 7.3% during the forecast period, with a market size of USD 45.55 million in 2024.

Middle East and Africa Internal Radiation Therapy Market

According to Cognitive Market Research, the global Internal Radiation Therapy Market size was estimated at USD 5658.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 113.16 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.5% from 2024 to 2031..

• The GCC Countries Internal Radiation Therapy Market is projected to witness growth at a CAGR of 9.3% during the forecast period, with a market size of USD 48.43 million in 2024. Internal radio therapy sales flourish due to the presence of major market players.
• The Egypt Internal Radiation Therapy Market is projected to witness growth at a CAGR of 8.8% during the forecast period, with a market size of USD 11.88 million in 2024.
• The South Africa Internal Radiation Therapy Market is projected to witness growth at a CAGR of 9.5% during the forecast period, with a market size of USD 17.88 million in 2024. Internal radio therapy sales flourish in South Africa due to technological advancements, increasing demand, and regulatory support.
• The Turkey Internal Radiation Therapy Market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD 9.73 million in 2024.
• The Nigeria Internal Radiation Therapy Market is projected to witness growth at a CAGR of 7.6% during the forecast period, with a market size of USD 11.88 million in 2024.
• The Rest of MEA Internal Radiation Therapy Market is projected to witness growth at a CAGR of 7.5% during the forecast period, with a market size of USD 13.35 million in 2024.

Internal Radiation Therapy Market Analysis

How are Segments Performing in the Global Internal Radiation Therapy Market?

Internal Radiation Therapy Market Type Segment Analysis

According to Cognitive Market Research, Electronic internal radiation therapy stands out as the dominant category over the projected period due to the rising incidence of cancer, the increased installed base of radiation therapy equipment, and the expanding need for all-encompassing cancer treatment. The market's expansion is propelled by rising awareness about cancer treatment and interest in high-performance radiation technology. Advanced technologies of radiation therapy continue to drive the sector's evolution and product diversity.

Applicators and afterloaders emerges as the fastest-growing category in the Internal Radiation Therapy Market. Applicators and afterloaders, offer enhanced performance but with increased results. Innovations in radiation therapy techniques and regulatory compliance are pivotal for market growth and safety assurance in this dynamic sector.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Internal Radiation Therapy Industry. Request a Free Sample PDF!

Internal Radiation Therapy Market Application Segment Analysis

According to Cognitive Market Research, the dominant category is HDR internal radiation therapy due to the increased demand for therapy facilities. HDR brachytherapy minimizes collateral harm to healthy tissues surrounding the tumor by delivering radiation directly to the tumor.

The fastest-growing category in the Internal Radiation Therapy Market is LDR internal radiation therapy due to technological advancements in radiation therapy. The market for radiation is therefore expected to grow considerably during the anticipated period as a result of factors like the rise in the prevalence of cancer, technological improvements, and increased accessibility to healthcare services.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Internal Radiation Therapy Application Segment Analysis

Internal Radiation Therapy Market Application Segment Analysis

According to Cognitive Market Research, the dominant category is breast cancer due to the increased cases of breats cancer patients. The segment is expanding due in part to the rising number of occurrences of breast cancer and the rising need for radiation treatment devices. Radiotherapy is becoming more widely used because it helps stop cancer cells from spreading and slows down its growth.

The fastest-growing category in the Internal Radiation Therapy Market is prostate cancer due to the high incidence of prostate cancer and its high success rate in comparison to other cancer types. Its development fuels innovations that enhance accuracy, safety, and efficiency, meeting the evolving demands of shooting enthusiasts and professionals alike while contributing significantly to the overall growth and sustainability of the firearms sector.

• Prostate cancer
• gynecological cancer
• breast cancer
• Cervical cancer and other

Internal Radiation Therapy End-User Segment Analysis

Internal Radiation Therapy Market End-User Segment Analysis

According to Cognitive Market Research, the dominant category is hospitals. A growing number of hospitals are incorporating complete cancer treatment facilities, which offer a variety of therapeutic choices, most notably radiation therapy. Hospitals are now able to treat more complex and previously unreachable malignancies because to cutting-edge procedures like proton therapy and stereotactic body radiation (SBRT).

The fastest-growing category in the Internal Radiation Therapy Market is independent radio therapy centers due to growing number of cancer patients, coupled with advancements in radiation therapy technology, which bolsters its commercial usage. Enhanced safety standards and environmental regulations also impact market dynamics, favoring cleaner, more efficient formulations.

• Hospitals
• Independent Radiotherapy Centers

Author's Detail

Anushka Gore

Research Associate at Cognitive Market Research

LinkedIn

Profile

Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.

Author's Conclusion