Argentina Radiation Oncology Market Size & Outlook
Argentina radiation oncology market, 2017-2028 (US$M)
Related Markets
Argentina radiation oncology market highlights
- The Argentina radiation oncology market generated a revenue of USD 34.6 million in 2020 and is expected to reach USD 63.0 million by 2028.
- The Argentina market is expected to grow at a CAGR of 7.8% from 2021 to 2028.
- In terms of segment, external beam radiationtherapy was the largest revenue generating type in 2020.
- Internal Beam Radiation Therapy is the most lucrative type segment registering the fastest growth during the forecast period.
Radiation oncology market data book summary
| Market revenue in 2020 | USD 34.6 million |
| Market revenue in 2028 | USD 63.0 million |
| Growth rate | 7.8% (CAGR from 2020 to 2028) |
| Largest segment | External beam radiationtherapy |
| Fastest growing segment | Internal Beam Radiation Therapy |
| Historical data | 2017 - 2019 |
| Base year | 2020 |
| Forecast period | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | External Beam RadiationTherapy, Internal Beam Radiation Therapy |
| Key market players worldwide | Siemens Healthineers AG ADR, Elekta AB ADR, BD, Accuray Inc, IBA RadioPharma Solutions, IsoRay, MeVis Medical Solutions AG, Nordion, Ntp Radioisotopes, Curium Pharma, ViewRay |
Other key industry trends
- In terms of revenue, Argentina accounted for 0.5% of the global radiation oncology market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In Latin America, Brazil radiation oncology market is projected to lead the regional market in terms of revenue in 2028.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 140.0 million by 2028.
External beam radiationtherapy was the largest segment with a revenue share of 75.43% in 2020. Horizon Databook has segmented the Argentina radiation oncology market based on external beam radiationtherapy, internal beam radiation therapy covering the revenue growth of each sub-segment from 2017 to 2028.
Increase in the number of government initiatives coupled with improvements in healthcare infrastructure is anticipated to propel the market growth. In June 2018, Ion Beam Applications S.A. announced a collaborative service agreement with INVAP S.E. for ensuring the performance of proton therapy center in compliance with Comision Nacional de Energía Atómica (CNEA).
Furthermore, International Atomic Energy Agency is supporting the Nuclear Regulatory Authority of the country to develop regulatory framework to ensure maximum patient safety. Furthermore, increase in the healthcare expenditure is expected to drive the market growth over the forecast period.
The INVAP, a nuclear technology company in Argentina, entered into an agreement with the Bolivian Nuclear Energy Agency for supply of radiotherapy and nuclear medicine centers in El Alto, Santa Cruz de la Sierra, and La Paz. The agreement was supported by the Argentine Foreign Ministry. It facilitates the expansion of Argentina’s radiopharmaceuticals market.
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Radiation Oncology Market Scope
Radiation Oncology Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina radiation oncology market size, by type, 2017-2028 (US$M)
Argentina Radiation Oncology Market Outlook Share, 2020 & 2028 (US$M)
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