PUBLISHER: MarketsandMarkets | PRODUCT CODE: 2076881
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 2076881
The global radiotherapy market is expected to grow from USD 7.98 billion in 2026 to USD 10.68 billion by 2031, registering a CAGR of 6.0% during the forecast period.
| Scope of the Report | |
|---|---|
| Years Considered for the Study | 2026-2031 |
| Base Year | 2025 |
| Forecast Period | 2026-2031 |
| Units Considered | Value (USD billion) |
| Segments | Offering, Technology, Application, Procedure, End User, and Region |
| Regions covered | North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
The advancements in radiotherapy technology are expected to significantly boost market growth in the coming years. However, the high costs of radiotherapy products may hinder market expansion.

"The external beam radiotherapy segment held the largest share of the market in 2025."
By technology, the radiotherapy market is categorized into external beam radiotherapy and internal beam radiotherapy/brachytherapy. During the forecast period, the external beam radiotherapy segment is expected to hold the largest market share. This is due to its ability to accurately target tumors while minimizing exposure to surrounding healthy tissue. The growth of this segment is driven by the increasing adoption of advanced procedures and a rising demand for precision medicine.
"The external beam radiotherapy procedures segment is expected to hold the largest share of the market in 2025."
By procedure, the radiotherapy market can be categorized into external beam radiotherapy and internal beam radiotherapy/brachytherapy procedures. The external beam radiotherapy procedures segment is expected to dominate the market during the forecast period. This is due to their accuracy, which allows for precise targeting of tumors while minimizing radiation exposure to healthy tissues. Additionally, external beam radiotherapy is commonly used to treat cancer. Innovations in image-guided and intensity-modulated radiotherapy systems are further driving the growth of this segment.
"The hospital segment is expected to hold the largest share of the market in 2025."
By end user, the radiotherapy market is categorized into hospitals and standalone radiotherapy centers. In the coming years, the hospitals segment is expected to capture the largest share of the global radiotherapy market. This growth can be attributed to several factors, including a high patient volume, the availability of advanced radiotherapy equipment, and the increasing demand for comprehensive cancer treatment facilities within hospitals. Additionally, the expansion of hospitals in developing countries, investments in healthcare infrastructure, and the availability of trained oncologists will further support the growth of this segment.
"The market in the APAC region is expected to register the highest growth rate during the forecast period."
The radiotherapy market is divided into five key regions: North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America plays a significant role in the global radiotherapy market due to its established healthcare infrastructure, advanced radiotherapy equipment, favorable reimbursement policies, and the presence of key market players. However, the Asia Pacific region is expected to experience the highest growth rate during the forecast period. This growth is driven by the rising incidence of cancer, increased investment in healthcare, enhanced funding for oncology treatments, and advancements in healthcare infrastructure in countries such as China, India, and Japan, all of which have led to greater adoption of radiotherapy.
The prominent players in the radiotherapy market are Siemens Healthineers GmbH (Germany), Elekta (Sweden), Accuray Incorporated (US), IBA WORLDWIDE (Belgium), ViewRay Technologies, Inc (US), Perspective Therapeutics, Inc. (US), Hitachi High Tech Corporation (Japan), Sumitomo Heavy Industries Ltd. (Japan), Carl Zeiss Meditec AG (Germany), and Koninklijke Philips N.V. (Netherlands), among others.
Research Coverage
This report studies the radiotherapy market based on offering, technology, application, procedure, end user, and region. It also covers the factors affecting market growth, analyzes the opportunities and challenges in the market, and provides details on the competitive landscape among market leaders. Furthermore, the report analyzes micromarkets by their individual growth trends and forecasts revenue for market segments across five main regions (and the countries within these regions).
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The report will enable established firms, as well as entrants/smaller firms, to gauge the pulse of the market, which, in turn, will help them garner a larger market share. Firms purchasing the report could use one or a combination of the following strategies to strengthen their market presence.