Canada Radiation Oncology Market Size & Outlook, 2020-2028
Canada radiation oncology market, 2017-2028 (US$M)
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Canada radiation oncology market highlights
- The Canada radiation oncology market generated a revenue of USD 346.5 million in 2020 and is expected to reach USD 641.7 million by 2028.
- The Canada market is expected to grow at a CAGR of 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 346.5 million |
| Market revenue in 2028 | USD 641.7 million |
| Growth rate | 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, Canada accounted for 4.6% 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 North America, U.S. radiation oncology market is projected to lead the regional market in terms of revenue in 2028.
- Canada is the fastest growing regional market in North America and is projected to reach USD 641.7 million by 2028.
External beam radiationtherapy was the largest segment with a revenue share of 76.83% in 2020. Horizon Databook has segmented the Canada radiation oncology market based on external beam radiationtherapy, internal beam radiation therapy covering the revenue growth of each sub-segment from 2017 to 2028.
Canada radiation oncology market is expected to witness significant growth over the forecast period. Organizations such as Canadian Cancer Society, Canadian Association of Radiation Oncology, and Cancer Care Ontario are actively involved in spreading awareness about cancer and providing better solutions for cancer treatment.
These organizations either in collaboration with healthcare providers or other organizations promote and provide training to healthcare professionals to enable delivery of high-quality radiation therapy to cancer patients in the country. In addition, introduction and adoption of new technologies by healthcare providers is projected to drive the market.
Cancer centers, such as Sunnybrook Health Sciences Centre, have adopted new MRI-brachytherapy for treatment of different types of cancers such as gynecologic cancer. Market players are adopting strategies, such as launch of new products and collaborations with local players, which is expected to propel the market growth.
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Radiation Oncology Market Scope
Radiation Oncology Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada radiation oncology market size, by type, 2017-2028 (US$M)
Canada Radiation Oncology Market Outlook Share, 2020 & 2028 (US$M)
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