Brazil Radiation Oncology Market Size & Outlook, 2020-2028
Brazil radiation oncology market, 2017-2028 (US$M)
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Brazil radiation oncology market highlights
- The Brazil radiation oncology market generated a revenue of USD 123.7 million in 2020 and is expected to reach USD 220.7 million by 2028.
- The Brazil market is expected to grow at a CAGR of 7.5% 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 123.7 million |
| Market revenue in 2028 | USD 220.7 million |
| Growth rate | 7.5% (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, Brazil accounted for 1.6% 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 70.9% in 2020. Horizon Databook has segmented the Brazil radiation oncology market based on external beam radiationtherapy, internal beam radiation therapy covering the revenue growth of each sub-segment from 2017 to 2028.
Brazil is one of the emerging markets and offers lucrative growth opportunities for radiation oncology market. The incidence rate of the cancer is high in this country due to moderate standards of living, which increases the demand of advanced treatment options.
According to WHO, 84,992 new cases of prostrate cancer were diagnosed in 2018, and 16,730 individuals died due to this disease in Brazil. Furthermore, the rise in implementation of strategies such as collaborations and merger & acquisitions among the market players are expected to drive the market growth.
For instance, In June 2017, Koninklijke Philips N.V. and IBA Worldwide collaborated to introduce advanced diagnostics and proton therapy solutions in the Brazilian market.
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Radiation Oncology Market Scope
Radiation Oncology Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil radiation oncology market size, by type, 2017-2028 (US$M)
Brazil Radiation Oncology Market Outlook Share, 2020 & 2028 (US$M)
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