India Radiation Oncology Market Size & Outlook, 2020-2028
India radiation oncology market, 2017-2028 (US$M)
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India radiation oncology market highlights
- The India radiation oncology market generated a revenue of USD 122.4 million in 2020 and is expected to reach USD 226.9 million by 2028.
- The India 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 122.4 million |
| Market revenue in 2028 | USD 226.9 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, India 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 Asia Pacific, China radiation oncology market is projected to lead the regional market in terms of revenue in 2028.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 532.9 million by 2028.
External beam radiationtherapy was the largest segment with a revenue share of 82.35% in 2020. Horizon Databook has segmented the India radiation oncology market based on external beam radiationtherapy, internal beam radiation therapy covering the revenue growth of each sub-segment from 2017 to 2028.
The radiation oncology market in India is expected to exhibit a lucrative growth over the forecast period, owing to increasing incidence of cancer and focus on improving patient access to treatments. Radiation therapy in India is mainly offered by the private sector.
The market is growing and presents a major opportunity. Investments in the public sector are expected to increase over the forecast period. According to an article published in Indian Journal of Cancer in 2019.
The utilization rate of radiotherapy in India is greater than 55% and is expected to reach 70% to 80% in some types of cancer. Approximately 800,000 patients need radiotherapy every year in India. Currently, India has nearly 365 medical accelerators, 8 Tomo therapy machines.
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Radiation Oncology Market Scope
Radiation Oncology Market Companies
| Name | Profile | # Employees | HQ | Website |
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India radiation oncology market size, by type, 2017-2028 (US$M)
India Radiation Oncology Market Outlook Share, 2020 & 2028 (US$M)
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