Europe Radiation Oncology Market Size & Outlook, 2020-2028
Europe radiation oncology market, 2017-2028 (US$M)
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Europe radiation oncology market highlights
- The Europe radiation oncology market generated a revenue of USD 2,006.1 million in 2020.
- The market is expected to grow at a CAGR of 7.6% 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.
- Country-wise, UK is expected to register the highest CAGR from 2021 to 2028.
Europe data book summary
| Market revenue in 2020 | USD 2,006.1 million |
| Market revenue in 2028 | USD 3,607.7 million |
| Growth rate | 7.6% (CAGR from 2020 to 2028) |
| Largest segment | External beam radiationtherapy |
| Fastest growing segment | Internal Beam Radiation Therapy |
| Historical data covered | 2017 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 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, Europe region accounted for 26.5% of the global radiation oncology market in 2020.
- Globally, North America is projected to lead the regional market in terms of revenue in 2028.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,803.8 million by 2028.
External beam radiationtherapy was the largest segment with a revenue share of 68.41% in 2020. Horizon Databook has segmented the Europe radiation oncology market based on external beam radiationtherapy, internal beam radiation therapy covering the revenue growth of each sub-segment from 2017 to 2028.
Europe is a major contributor to revenue of global radiation oncology market. Presence of sophisticated technology, well-established research infrastructure, and rise in government initiatives are some of the major factors responsible for the growth of this market in Europe.
In June 2017, The European government spent GBP 250 million to develop two NHS centers providing proton beam therapy at The Christie Hospital, Manchester. Rising awareness among cancer patients about radiation oncology treatment is expected to boost the market.
For instance, Gustave Roussy the premier European Cancer Center provides an integrated approach to patient care, education, and research to benefit patients with best quality treatment such as chemotherapy and radiation therapy.
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Radiation Oncology Market Scope
Radiation Oncology Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe radiation oncology market size, by country, 2017-2028 (US$M)
Europe Radiation Oncology Market Outlook Share, 2020 & 2028 (US$M)
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