Radiotherapy Market Analysis and Forecast 2018-2030: China and India Witnessing Substantial Market Growth Due to Their Large Population Base and Efforts to Improve Cancer Treatment Facilit...
ELEKTA B SHS UNSP/ADR (EKTAY)
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Source: Yahoo! Finance
The global radiotherapy market was valued at US$ 6.67 Billion in 2023, and is predicted to reach US$ 10.27 Billion by 2030. The growth of the radiotherapy market is driven by several factors such as the rising cancer incidence, technological advancements, increasing awareness about the benefits of radiotherapy, rising healthcare expenditure, and growing use of particle therapy for cancer treatment. According to GLOBOCAN 2022, 19.98 million people were diagnosed with cancer in 2022. This number is expected to rise to 24.11 million by 2030, and 30.97 million by 2045. To address the growing cancer burden, numerous cancer research organizations are actively adopting innovative strategies and patient-centered approaches for early diagnosis and treatment of cancer. Radiotherapy remains an important component of cancer treatment with over 50% of all cancer patients receiving radiation therapy during their course of illness. Therefore, the adoption of radiotherapy is rising as it helps t
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