(EMAILWIRE.COM, August 17, 2018 ) The growth of this market is majorly driven by rapidly increasing geriatric population, growing incidence of cancer cases across the globe, increasing symposiums driving investments in radiotherapy, and rising demand for radiotherapy devices.

The report analyzes the global radiotherapy market by type, product type, application, end user, and region. Based on type, the external beam radiotherapy segment accounted for the largest share in 2016. The growing adoption of this therapy in emerging markets and the development of advanced external beam radiotherapy devices to localize tumorous cells while minimizing harm to surrounding healthy cells are some of the major factors contributing to the growth of this market segment.

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By type, the external beam radiotherapy segment is held the largest market share in 2016

Based on type, the external beam radiotherapy segment accounted for the largest share of the market. Rising adoption of linear accelerators for the treatment of cancer and development of advanced radiotherapy technologies are the key factors driving the growth of the external beam radiotherapy market segment.

By product type, the external beam radiotherapy segment is expected to grow at the highest CAGR

On the basis of product type, the radiotherapy market is segmented into external beam radiotherapy, internal beam radiotherapy/brachytherapy, and systemic radiotherapy. In 2016, the external beam radiotherapy segment accounted for the largest market share and is expected to grow at the highest CAGR. The large share of this segment can primarily be attributed to factors such as growing prevalence of cancer, product enhancements, and increasing adoption of external beam radiotherapy devices in emerging countries.

North America dominated the market in 2016

Geographically, the radiotherapy market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. North America accounted for the largest share of the market in 2016, followed by Europe. A number of factors such as technological advancements in radiotherapy equipment, growing number of cancer cases, and rising focus of key players on expanding their presence in North America are driving the growth of the radiotherapy market in this region.

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