How big is the Radiotherapy Market | Global Industry Demand & Forecast 2025

Code: MTA8334 Publication Date: Aug 2025

How big is the radiotherapy market?

According to 6Wresearch internal database and industry insights, the Global Radiotherapy Market was valued at USD 7.9 Billion in 2024 and is expected to reach USD 13.2 Billion by 2031, growing at a compound annual growth rate of 6.30% during the forecast period of 2025 to 2031.

The market growth is driven by the rising global cancer burden, increasing adoption of advanced radiotherapy techniques, supportive government initiatives, and growing healthcare infrastructure investments.

Key Growth Drivers of the Radiotherapy Market

  • Increasing global prevalence of cancer cases
  • Technological advancements in radiotherapy equipment and imaging
  • Rising adoption of minimally invasive treatment approaches
  • Expanding access to cancer treatment in emerging economies
  • Supportive healthcare reimbursement and policy frameworks

Radiotherapy Market Trends

The radiotherapy market is experiencing trends such as the growing adoption of intensity-modulated radiotherapy (IMRT) and image-guided radiotherapy (IGRT), increasing demand for proton therapy, and integration of AI-based planning systems. There is also a rise in the use of stereotactic body radiotherapy (SBRT) for precise tumour targeting and an emphasis on personalized treatment approaches for better outcomes.

Emerging Developments in the Radiotherapy Market

The radiotherapy market is undergoing developments like the launch of next-generation linear accelerators, increased collaborations between equipment manufacturers and cancer care providers, and the adoption of adaptive radiotherapy techniques. Expanding clinical trials for advanced treatment protocols and integration of real-time imaging are further driving innovation in the sector.

List of Leading Companies in the Radiotherapy Market

Below is a comprehensive list of the leading market players driving growth in this sector:

1. Varian Medical Systems (Siemens Healthineers Company)

Company NameVarian Medical Systems
Established Year1948
HeadquartersPalo Alto, California, USA
Official WebsiteClick Here

Varian is a global leader in radiotherapy solutions, offering linear accelerators, proton therapy, and treatment planning software to advance precision cancer care worldwide.

2. Elekta AB

Company NameElekta AB
Established Year1972
HeadquartersStockholm, Sweden
Official WebsiteClick Here

Elekta specializes in radiotherapy and radiosurgery systems, including the Elekta Unity MR-Linac, enhancing imaging-guided precision treatment for cancer patients globally.

3. Accuray Incorporated

Company NameAccuray Incorporated
Established Year1990
HeadquartersSunnyvale, California, USA
Official WebsiteClick Here

Accuray develops CyberKnife and TomoTherapy systems, delivering highly targeted, non-invasive radiation treatments for cancer and neurological conditions.

4. Siemens Healthineers AG

Company NameSiemens Healthineers AG
Established Year2017 (spun off from Siemens)
HeadquartersErlangen, Germany
Official WebsiteClick Here

Siemens Healthineers integrates imaging, AI, and digital technologies into radiotherapy workflows, enabling advanced treatment planning and cancer care solutions.

5. IBA (Ion Beam Applications SA)

Company NameIBA (Ion Beam Applications SA)
Established Year1986
HeadquartersLouvain-la-Neuve, Belgium
Official WebsiteClick Here

IBA is a pioneer in proton therapy solutions, providing cyclotrons, treatment systems, and radio pharmacy solutions for cancer therapy and research applications.

6. Mevion Medical Systems, Inc.

Company NameMevion Medical Systems, Inc.
Established Year2004
HeadquartersLittleton, Massachusetts, USA
Official WebsiteClick Here

Mevion is a leader in compact proton therapy systems, offering cost-efficient and space-saving solutions for advanced radiotherapy centres.

7. Hitachi, Ltd.

Company NameHitachi, Ltd.
Established Year1910
HeadquartersTokyo, Japan
Official WebsiteClick Here

Hitachi develops advanced proton beam therapy systems and accelerators, supporting precision cancer treatment in leading hospitals and cancer centres worldwide.

8. Brainlab AG

Company NameBrainlab AG
Established Year1989
HeadquartersMunich, Germany
Official WebsiteClick Here

Brainlab provides software-driven radiotherapy and radiosurgery technologies, including treatment planning, navigation, and adaptive therapy solutions.

9. ViewRay, Inc.

Company NameViewRay, Inc.
Established Year2004
HeadquartersOakwood Village, Ohio, USA
Official WebsiteClick Here

ViewRay developed the MRIdian system, integrating MRI with linear accelerators to deliver adaptive radiation therapy with real-time imaging and targeting.

10. Panacea Medical Technologies Pvt. Ltd.

Company NamePanacea Medical Technologies Pvt. Ltd.
Established Year1999
HeadquartersBangalore, India
Official WebsiteClick Here

Panacea specializes in affordable radiotherapy solutions, manufacturing linear accelerators and treatment planning systems tailored to emerging healthcare markets.

How big is the Radiotherapy Market : FAQ's

It was valued at USD 7.9 Billion in 2024 and is projected to reach USD 13.2 Billion by 2031.
The radiotherapy market is expected to grow at a CAGR of 6.30% from 2025 to 2031.
Increasing cancer incidence, advancements in radiotherapy systems, and rising adoption of precision therapies.
AI integration, personalized treatment approaches, and growing demand for proton therapy and SBRT.
North America and Europe lead due to advanced healthcare systems, while Asia-Pacific is rapidly expanding with rising investments in oncology care.
6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.
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