Radiosurgery And Radiotherapy Robotics Market to grow at a CAGR of 4.4% during 2024-2028
The Radiosurgery And Radiotherapy Robotics Market is expected to grow at a CAGR of 4.4% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 713.4 million. In the radiation oncology sector, advancements have been made to enhance the precision and efficacy of radiotherapy treatments. These innovations enable the targeted delivery of high-dose radiation to tumors, minimizing exposure to healthy tissues and reducing complications. Major emerging treatments include Intensity-Modulated Radiation Therapy (IMRT), Image-Guided Radiation Therapy (IGRT), and Volumetric Modulated Arc Therapy (VMAT). IMRT involves the modification of external beam radiation therapy's intensity, shape, and angle across the target area, allowing for increased treatment precision. These technologies are widely adopted in university hospitals, local community clinics, and cancer treatment centers for the treatment of various cancers, including head and neck, breast, prostate, pancreatic, lung, liver, gynecological, and central nervous system cancers.
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Technavio analysts predict that the X-ray-based subsegment will lead the Type segment during 2024 and 2028 The radiosurgery and radiotherapy robotics market represents a significant growth opportunity for businesses in the healthcare sector. Advanced technologies, such as robotic radiosurgery and radiotherapy systems, offer enhanced precision and improved patient outcomes. These systems automate complex procedures, increasing efficiency and reducing human error. Market trends indicate a shift towards minimally invasive treatments, making robotic solutions increasingly valuable. As the global population ages and the prevalence of cancer rises, the demand for these technologies is expected to surge. Businesses investing in radiosurgery and radiotherapy robotics can capitalize on this trend and gain a competitive edge in the healthcare industry.
Here are the various ways based on which the market is segmented:
Key Companies and Market Insights
Some of the key companies in the Global Radiosurgery And Radiotherapy Robotics Market include:
There are several factors that are causing the market to flourish increase in cancer cases and retreatments
Learn which are the obstacles that the market is experiencing in the way of its growth by accessing the free PDF report
Radiosurgery and radiotherapy robotics market is witnessing significant growth due to the increasing adoption of advanced imaging tools and robotic systems in cancer treatment. Ionized radiation, a crucial component of both radiosurgery and radiotherapy, is used to destroy tumour cells. Radiosurgery delivers a single, high dose of radiation to non-cancerous and malignant tumours, while radiotherapy administers fractionated doses over several sessions. Imaging equipment plays a vital role in treatment planning and patient positioning. Robotic systems automate patient procedures, ensuring precise dosage distribution and improving overall treatment accuracy. Medical robotics, including MIM Software and AI auto-contouring, streamline treatment planning workflows and radiation therapy simulation. The global market for radiosurgery and radiotherapy robotics is driven by the rising number of cancer cases, increasing healthcare expenditure, and growing demand for non-invasive treatments. Medical tourism also contributes to market growth, as patients travel to advanced cancer treatment facilities for specialized care. Automation technologies, such as robotics, are revolutionizing cancer treatment, offering improved patient outcomes and reduced side effects. The market is expected to continue growing, driven by technological advancements and increasing demand for personalized, precise cancer treatments.
The industrial machinery and supplies and components market encompasses businesses involved in the production of industrial machinery and components, including presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications. According to Technavio, the global industrial machinery and supplies and components market size is determined by the total revenue generated by manufacturers supplying equipment for industrial applications. Factors driving growth in this market include increasing industrial production in process and discrete industries, particularly in developing countries, and the rising demand for energy, chemicals and petrochemicals, pulp and paper products, and processed food and beverages.
The Radiosurgery And Radiotherapy Robotics Market is experiencing significant growth, fueled by the increase in cancer cases and retreatments. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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