Demand for Radiotherapy Market Projected to Be Highest in North America

According to a report by P&S Intelligence, the global radiotherapy market is projected to attain a revenue of $17,194.4 million by 2030, advancing at an 8.4% CAGR during 2020–2030. A major factor leading to the growth of the market is the increasing healthcare expenditure around the world. A number of developing and developed countries are significantly investing in the industry for upgrading their healthcare systems. As per the World Bank Group, the worldwide healthcare expenditure rose to 9.9% of the global gross domestic product in 2017 from 8.6% in 2000. This rise in the healthcare expenditure is predicted to lead to upgraded infrastructure, such as installation of innovative medical systems in different healthcare settings. The disruption of the supply chain, however, due to the current pandemic situation has slowed down the growth of the market across the globe. Lockdown in various parts of the world has resulted in the shutdown of a number of manufacturing facilities. Request to view sample of this market research at: https://www.psmarketresearch.com/market-analysis/radiotherapy-market-revenue/report-sample When type is considered, the radiotherapy market is categorized into systematic, internal beam, and external beam, out of which, the external beam category is projected to account for the largest share of the market in 2030. External beam is a commonly utilized radiation therapy, where large body parts of the patient can be treated by providing radiation from a machine, and the whole process is carried outside the body. The category is further registering growth due to the rising research activities and growing incidence of cancer worldwide. The objective of this research includes; - Major factors driving the radiotherapy market and their impact during the short, medium, and long terms - Market restraints and their impact during the short, medium, and long terms - Recent trends and evolving opportunities for the market participants - Historical and the present size of the radiotherapy market segments and understand their comparative future potential - Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings In terms of end user, the radiotherapy market is divided into cancer research institutes, independent radiotherapy centers, and hospitals, out of which, the hospitals category is predicted to witness the fastest growth in the years to come. This can majorly be attributed to the surging number of cancer cases around the globe, adoption of technologically innovative products in healthcare facilities, increasing geriatric population, and rising expenditure in the healthcare sector. Browse report overview with detailed TOC on "Radiotherapy Market Research Report - Global Industry Analysis and Growth Forecast to 2030" at: https://www.psmarketresearch.com/market-analysis/radiotherapy-market-revenue Geographically, North America dominated the radiotherapy market in the past, owing to the presence of major players, surging expenditure in the healthcare sector, rapid improvements in the healthcare infrastructure, regular strategic developments, and rapid increasing number of cancer cases in Canada and the U.S. The growing number of patients in the region are opening up various opportunities for the companies in the domain. Some of the key players in the global radiotherapy market are Accuray Incorporated, Elekta AB, Hitachi Ltd., Dickinson and Company, Becton, Ion Beam Applications SA, Provision Healthcare, Isoray Inc., Varian Medical Systems Inc., Sumitomo Heavy Industries Ltd., Mevion Medical Systems Inc., ViewRay Inc., Panacea Medical Technologies Pvt. Ltd., Optivus Proton Therapy Inc., and P-Cure Ltd. The research includes detailed analysis of; Based on Type - External Beam - Internal Beam - Systemic Based on End User - Hospitals - Independent Radiotherapy Centers - Cancer Research Institutes About P&S Intelligence P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. Contact: P&S Intelligence International: +1-347-960-6455 Email: enquiry@psmarketresearch.com Web: https://www.psmarketresearch.com