Australia Radiation Oncology Market Size & Outlook
Related Markets
Australia radiation oncology market highlights
- The Australia radiation oncology market generated a revenue of USD 211.5 million in 2024 and is expected to reach USD 400.1 million by 2030.
- The Australia market is expected to grow at a CAGR of 11.7% from 2025 to 2030.
- In terms of segment, external beam radiationtherapy was the largest revenue generating type in 2024.
- 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 2024 | USD 211.5 million |
| Market revenue in 2030 | USD 400.1 million |
| Growth rate | 11.7% (CAGR from 2025 to 2030) |
| Largest segment | External beam radiationtherapy |
| Fastest growing segment | Internal Beam Radiation Therapy |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| 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, Australia accounted for 2.0% of the global radiation oncology market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China radiation oncology market is projected to lead the regional market in terms of revenue in 2030.
- Indonesia is the fastest growing regional market in Asia Pacific and is projected to reach USD 62.7 million by 2030.
External beam radiationtherapy was the largest segment with a revenue share of 70.5% in 2024. Horizon Databook has segmented the Australia radiation oncology market based on external beam radiationtherapy, internal beam radiation therapy covering the revenue growth of each sub-segment from 2018 to 2030.
High incidence of cancer is anticipated to boost market growth over the forecast period. According to Australian Institute of Health and Welfare (AIWH), the age-standardized rate of new cancer cases in Australia was projected to reach 483 cases per 100,000 people.
Whereas cancerrelated deaths are expected to reach to 159 per 100,000 people, by the end of 2019. Increasing adoption of radiotherapy and growing awareness among people about the benefits of cancer treatment with radiotherapy are expected to drive market growth.
As per the Australian Radiation Protection and Nuclear Safety Agency (ARPANSA), every year, over 60,000 Australians opt for radiation therapy to treat cancer. Increase in the number of installed units is expected to drive market growth over the forecast period.
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Radiation Oncology Market Scope
Radiation Oncology Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| ViewRay | View profile | 251-500 | Oakwood, Ohio, United States, North America | http://www.viewray.com |
| Curium Pharma | View profile | 1001-5000 | Paris, Ile-de-France, France, Europe | https://www.curiumpharma.com/contact/ |
| Ntp Radioisotopes | View profile | 251-500 | Brits, NA - South Africa, South Africa, Africa | https://www.ntp.co.za/ |
| Nordion | View profile | 251-500 | Kanata, Ontario, Canada, North America | http://nordion.com |
| MeVis Medical Solutions AG | View profile | 101-250 | Bremen, Bremen, Germany, Europe | http://www.mevis.de/ |
| IBA RadioPharma Solutions | View profile | 1001-5000 | Louvain-la-neuve, Vlaams-Brabant, Belgium, Europe | https://www.iba-radiopharmasolutions.com/ |
| Accuray Inc | View profile | 1024 | 1240 Deming Way, Madison, WI, United States, 53717 | https://www.accuray.com |
| IsoRay | View profile | 51-100 | Richland, Washington, United States, North America | https://isoray.com/ |
| Elekta AB ADR | View profile | 4584 | Kungstensgatan 18, Box 7593, Stockholm, Sweden, SE-103 93 | https://www.elekta.com |
| BD | View profile | 10001+ | Franklin Lakes, New Jersey, United States, North America | https://www.bd.com |
| Siemens Healthineers AG ADR | View profile | 71400 | Siemensstr. 3, Forchheim, BY, Germany, 91301 | https://www.siemens-healthineers.com |
Australia radiation oncology market size, by type, 2018-2030 (US$M)
Australia Radiation Oncology Market Outlook Share, 2024 & 2030 (US$M)
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