The Asia Pacific Radiation Oncology Market would witness market growth of 9.4% CAGR during the forecast period (2022-2028).
Between 1920 and 1945, technological advancements were concentrated on increasing beam production and energy. The use of radiation for deep tumors was constrained by the low energy (200-500 kV) of x-rays utilized at the time, which were linked to skin damage due to inadequate penetration. A crucial advancement was the creation of Cobalt-60 units and linear accelerators in the 1950s to deliver "super voltage" radiation energies (1 MeV), which could penetrate deeper to target deeper-seated malignancies.
Fractionated therapy, which extends back to the 1920s, separates treatment into numerous little radiation doses rather than one massive dose and has enabled normal tissues to tolerate treatment more effectively. The science of radiation oncology has been moving towards the desired objective of non-invasively attaining maximal local cancer control with minimal normal tissue harm as technology, imaging, and cancer biology advancements throughout the following decades.
According to the National Health and Family Planning Commission (NHFPC), the 2016 health budget is 1.24 trillion yuan, with medical spending growing at an average annual pace of more than 20% over the previous seven years. According to the commission, the ultimate goal of healthcare reform is to establish a national health security system that is centered on ensuring that everyone has fair access to basic public health services. Additionally, county-level or higher hospital emergency reform and repairs are supported by the budget.
The China market dominated the Asia Pacific Radiation Oncology Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,017.8 million by 2028.The Japan market is estimated to grow a CAGR of 8.8% during (2022 - 2028). Additionally, The India market would experience a CAGR of 10.1% during (2022 - 2028).
Based on Application, the market is segmented into Breast Cancer, Gynecological Cancer, Colorectal Cancer, Lung Cancer, Prostate Cancer, Head & Neck Cancer, Gynecological Cancer and Others. Based on Type, the market is segmented into External Beam Radiation Therapy and Internal Beam Radiation Therapy. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Radiation Oncology Market is Projected to reach USD 12.8 Billion by 2028, at a CAGR of 8.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Becton, Dickinson and Company, Varian Medical Systems, Inc., Ion Beam Applications SA, Elekta AB, Accuray Incorporated, Nordion Inc. (Sotera Health LLC), Isoray Inc., Mevion Medical Systems, Inc., Provision Healthcare, and Panacea Medical Technologies Pvt. Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Application
- Breast Cancer
- Gynecological Cancer
- Colorectal Cancer
- Lung Cancer
- Prostate Cancer
- Head & Neck Cancer
- Gynecological Cancer
- Others
By Type
- External Beam Radiation Therapy
- Internal Beam Radiation Therapy
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Becton, Dickinson and Company
- Varian Medical Systems, Inc.
- Ion Beam Applications SA
- Elekta AB
- Accuray Incorporated
- Nordion Inc. (Sotera Health LLC)
- Isoray Inc.
- Mevion Medical Systems, Inc.
- Provision Healthcare
- Panacea Medical Technologies Pvt. Ltd.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Radiation Oncology Market, by Application
1.4.2 Asia Pacific Radiation Oncology Market, by Type
1.4.3 Asia Pacific Radiation Oncology Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition & scenarios
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2020, Nov – 2022, May) Leading Players
Chapter 4. Asia Pacific Radiation Oncology Market by Application
4.1 Asia Pacific Breast Cancer Market by Country
4.2 Asia Pacific Gynecological Cancer Market by Country
4.3 Asia Pacific Colorectal Cancer Market by Country
4.4 Asia Pacific Lung Cancer Market by Country
4.5 Asia Pacific Prostate Cancer Market by Country
4.6 Asia Pacific Head & Neck Cancer Market by Country
4.7 Asia Pacific Gynecological Cancer Market by Country
4.8 Asia Pacific Other Application Market by Country
Chapter 5. Asia Pacific Radiation Oncology Market by Type
5.1 Asia Pacific External Beam Radiation Therapy Market by Country
5.2 Asia Pacific Internal Beam Radiation Therapy Market by Country
Chapter 6. Asia Pacific Radiation Oncology Market by Country
6.1 China Radiation Oncology Market
6.1.1 China Radiation Oncology Market by Application
6.1.2 China Radiation Oncology Market by Type
6.2 Japan Radiation Oncology Market
6.2.1 Japan Radiation Oncology Market by Application
6.2.2 Japan Radiation Oncology Market by Type
6.3 India Radiation Oncology Market
6.3.1 India Radiation Oncology Market by Application
6.3.2 India Radiation Oncology Market by Type
6.4 South Korea Radiation Oncology Market
6.4.1 South Korea Radiation Oncology Market by Application
6.4.2 South Korea Radiation Oncology Market by Type
6.5 Singapore Radiation Oncology Market
6.5.1 Singapore Radiation Oncology Market by Application
6.5.2 Singapore Radiation Oncology Market by Type
6.6 Malaysia Radiation Oncology Market
6.6.1 Malaysia Radiation Oncology Market by Application
6.6.2 Malaysia Radiation Oncology Market by Type
6.7 Rest of Asia Pacific Radiation Oncology Market
6.7.1 Rest of Asia Pacific Radiation Oncology Market by Application
6.7.2 Rest of Asia Pacific Radiation Oncology Market by Type
Chapter 7. Company Profiles
7.1 Becton, Dickinson and Company
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 SWOT Analysis
7.2 Varian Medical Systems, Inc. (Siemens Healthineers)
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expense
7.2.5 Recent strategies and developments:
7.2.5.1 Partnerships, Collaborations, and Agreements:
7.2.5.2 Product Launches and Product Expansions:
7.3 Ion Beam Applications SA
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental Analysis
7.3.4 Research & Development Expenses
7.3.5 Recent strategies and developments:
7.3.5.1 Partnerships, Collaborations, and Agreements:
7.3.5.2 Product Launches and Product Expansions:
7.4 Elekta AB
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Regional Analysis
7.4.4 Research & Development Expense
7.4.5 Recent strategies and developments:
7.4.5.1 Partnerships, Collaborations, and Agreements:
7.4.5.2 Acquisition and Mergers:
7.5 Accuray Incorporated
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Regional Analysis
7.5.4 Research & Development Expenses
7.5.5 Recent strategies and developments:
7.5.5.1 Partnerships, Collaborations, and Agreements:
7.5.5.2 Product Launches and Product Expansions:
7.6 Nordion Inc. (Sotera Health LLC)
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.7 Isoray Inc.
7.7.1 Company Overview
7.7.2 Financial Analysis
7.8 Mevion Medical Systems, Inc.
7.8.1 Company Overview
7.9 Provision Healthcare
7.9.1 Company Overview
7.10. Panacea Medical Technologies Pvt. Ltd.
7.10.1 Company Overview
TABLE 1 Asia Pacific Radiation Oncology Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Radiation Oncology Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Radiation Oncology Market
TABLE 4 Product Launches And Product Expansions– Radiation Oncology Market
TABLE 5 Acquisition and Mergers– Radiation Oncology Market
TABLE 6 Asia Pacific Radiation Oncology Market by Application, 2018 - 2021, USD Million
TABLE 7 Asia Pacific Radiation Oncology Market by Application, 2022 - 2028, USD Million
TABLE 8 Asia Pacific Breast Cancer Market by Country, 2018 - 2021, USD Million
TABLE 9 Asia Pacific Breast Cancer Market by Country, 2022 - 2028, USD Million
TABLE 10 Asia Pacific Gynecological Cancer Market by Country, 2018 - 2021, USD Million
TABLE 11 Asia Pacific Gynecological Cancer Market by Country, 2022 - 2028, USD Million
TABLE 12 Asia Pacific Colorectal Cancer Market by Country, 2018 - 2021, USD Million
TABLE 13 Asia Pacific Colorectal Cancer Market by Country, 2022 - 2028, USD Million
TABLE 14 Asia Pacific Lung Cancer Market by Country, 2018 - 2021, USD Million
TABLE 15 Asia Pacific Lung Cancer Market by Country, 2022 - 2028, USD Million
TABLE 16 Asia Pacific Prostate Cancer Market by Country, 2018 - 2021, USD Million
TABLE 17 Asia Pacific Prostate Cancer Market by Country, 2022 - 2028, USD Million
TABLE 18 Asia Pacific Head & Neck Cancer Market by Country, 2018 - 2021, USD Million
TABLE 19 Asia Pacific Head & Neck Cancer Market by Country, 2022 - 2028, USD Million
TABLE 20 Asia Pacific Gynecological Cancer Market by Country, 2018 - 2021, USD Million
TABLE 21 Asia Pacific Gynecological Cancer Market by Country, 2022 - 2028, USD Million
TABLE 22 Asia Pacific Other Application Market by Country, 2018 - 2021, USD Million
TABLE 23 Asia Pacific Other Application Market by Country, 2022 - 2028, USD Million
TABLE 24 Asia Pacific Radiation Oncology Market by Type, 2018 - 2021, USD Million
TABLE 25 Asia Pacific Radiation Oncology Market by Type, 2022 - 2028, USD Million
TABLE 26 Asia Pacific External Beam Radiation Therapy Market by Country, 2018 - 2021, USD Million
TABLE 27 Asia Pacific External Beam Radiation Therapy Market by Country, 2022 - 2028, USD Million
TABLE 28 Asia Pacific Internal Beam Radiation Therapy Market by Country, 2018 - 2021, USD Million
TABLE 29 Asia Pacific Internal Beam Radiation Therapy Market by Country, 2022 - 2028, USD Million
TABLE 30 Asia Pacific Radiation Oncology Market by Country, 2018 - 2021, USD Million
TABLE 31 Asia Pacific Radiation Oncology Market by Country, 2022 - 2028, USD Million
TABLE 32 China Radiation Oncology Market, 2018 - 2021, USD Million
TABLE 33 China Radiation Oncology Market, 2022 - 2028, USD Million
TABLE 34 China Radiation Oncology Market by Application, 2018 - 2021, USD Million
TABLE 35 China Radiation Oncology Market by Application, 2022 - 2028, USD Million
TABLE 36 China Radiation Oncology Market by Type, 2018 - 2021, USD Million
TABLE 37 China Radiation Oncology Market by Type, 2022 - 2028, USD Million
TABLE 38 Japan Radiation Oncology Market, 2018 - 2021, USD Million
TABLE 39 Japan Radiation Oncology Market, 2022 - 2028, USD Million
TABLE 40 Japan Radiation Oncology Market by Application, 2018 - 2021, USD Million
TABLE 41 Japan Radiation Oncology Market by Application, 2022 - 2028, USD Million
TABLE 42 Japan Radiation Oncology Market by Type, 2018 - 2021, USD Million
TABLE 43 Japan Radiation Oncology Market by Type, 2022 - 2028, USD Million
TABLE 44 India Radiation Oncology Market, 2018 - 2021, USD Million
TABLE 45 India Radiation Oncology Market, 2022 - 2028, USD Million
TABLE 46 India Radiation Oncology Market by Application, 2018 - 2021, USD Million
TABLE 47 India Radiation Oncology Market by Application, 2022 - 2028, USD Million
TABLE 48 India Radiation Oncology Market by Type, 2018 - 2021, USD Million
TABLE 49 India Radiation Oncology Market by Type, 2022 - 2028, USD Million
TABLE 50 South Korea Radiation Oncology Market, 2018 - 2021, USD Million
TABLE 51 South Korea Radiation Oncology Market, 2022 - 2028, USD Million
TABLE 52 South Korea Radiation Oncology Market by Application, 2018 - 2021, USD Million
TABLE 53 South Korea Radiation Oncology Market by Application, 2022 - 2028, USD Million
TABLE 54 South Korea Radiation Oncology Market by Type, 2018 - 2021, USD Million
TABLE 55 South Korea Radiation Oncology Market by Type, 2022 - 2028, USD Million
TABLE 56 Singapore Radiation Oncology Market, 2018 - 2021, USD Million
TABLE 57 Singapore Radiation Oncology Market, 2022 - 2028, USD Million
TABLE 58 Singapore Radiation Oncology Market by Application, 2018 - 2021, USD Million
TABLE 59 Singapore Radiation Oncology Market by Application, 2022 - 2028, USD Million
TABLE 60 Singapore Radiation Oncology Market by Type, 2018 - 2021, USD Million
TABLE 61 Singapore Radiation Oncology Market by Type, 2022 - 2028, USD Million
TABLE 62 Malaysia Radiation Oncology Market, 2018 - 2021, USD Million
TABLE 63 Malaysia Radiation Oncology Market, 2022 - 2028, USD Million
TABLE 64 Malaysia Radiation Oncology Market by Application, 2018 - 2021, USD Million
TABLE 65 Malaysia Radiation Oncology Market by Application, 2022 - 2028, USD Million
TABLE 66 Malaysia Radiation Oncology Market by Type, 2018 - 2021, USD Million
TABLE 67 Malaysia Radiation Oncology Market by Type, 2022 - 2028, USD Million
TABLE 68 Rest of Asia Pacific Radiation Oncology Market, 2018 - 2021, USD Million
TABLE 69 Rest of Asia Pacific Radiation Oncology Market, 2022 - 2028, USD Million
TABLE 70 Rest of Asia Pacific Radiation Oncology Market by Application, 2018 - 2021, USD Million
TABLE 71 Rest of Asia Pacific Radiation Oncology Market by Application, 2022 - 2028, USD Million
TABLE 72 Rest of Asia Pacific Radiation Oncology Market by Type, 2018 - 2021, USD Million
TABLE 73 Rest of Asia Pacific Radiation Oncology Market by Type, 2022 - 2028, USD Million
TABLE 74 Key information – Becton, Dickinson and Company
TABLE 75 Key Information –-Varian Medical Systems, Inc.
TABLE 76 Key Information – Ion Beam Applications SA
TABLE 77 key Information – Elekta AB
TABLE 78 Key Information – Accuray Incorporated
TABLE 79 Key Information – Nordion Inc.
TABLE 80 Key Information – Isoray Inc.
TABLE 81 Key Information – Mevion Medical Systems, Inc.d
TABLE 82 Key Information – Provision Healthcare
TABLE 83 Key Information – Panacea Medical Technologies Pvt. Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2020, NOV – 2022, may) Leading Players
FIG 5 Swot analysis: Becton, Dickinson and company
FIG 6 Recent strategies and developments: Varian Medical Systems, Inc.
FIG 7 Recent strategies and developments: Ion Beam Applications SA
FIG 8 Recent strategies and developments: Elekta AB
FIG 9 Recent strategies and developments: Accuray Incorporated