Mexico Radiation Oncology Market Size & Outlook, 2020-2028
Mexico radiation oncology market, 2017-2028 (US$M)
Related Markets
Mexico radiation oncology market highlights
- The Mexico radiation oncology market generated a revenue of USD 73.4 million in 2020 and is expected to reach USD 140.0 million by 2028.
- The Mexico market is expected to grow at a CAGR of 8.4% 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 73.4 million |
| Market revenue in 2028 | USD 140.0 million |
| Growth rate | 8.4% (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, Mexico accounted for 1.0% 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 71.39% in 2020. Horizon Databook has segmented the Mexico radiation oncology market based on external beam radiationtherapy, internal beam radiation therapy covering the revenue growth of each sub-segment from 2017 to 2028.
Radiation oncology market in Mexico is expected to grow at a significant pace owing to increase in the number of strategic initiatives being undertaken by key market players. In April 2018, Elekta AB received the government approval for the supply of MOSAIQ oncology information system.
Monaco treatment planning software, and five linear accelerators including Elekta Synergy and Elekta Infinity systems to Instituto Mexicano del Seguro Social (IMSS), Mexico. In addition, rising incidence of cancer is expected to boost the demand for radiotherapy in the market.
According to WHO, in Mexico, around 27,283 new cases of breast cancer were reported in 2018 while 6,884 people died due to this disease. Moreover, 25,049 new cases of prostate cancer were reported and 6,915 deaths occurred due to the disease. Prostate cancer is the most common cause of deaths in the country.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Radiation Oncology Market Scope
Radiation Oncology Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico radiation oncology market size, by type, 2017-2028 (US$M)
Mexico Radiation Oncology Market Outlook Share, 2020 & 2028 (US$M)
Related regional statistics
No records
No related regions found.
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
