Saudi Arabia Radiation Oncology Market Size & Outlook
Saudi Arabia radiation oncology market, 2017-2028 (US$M)
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Saudi Arabia radiation oncology market highlights
- The Saudi Arabia radiation oncology market generated a revenue of USD 39.4 million in 2020 and is expected to reach USD 71.4 million by 2028.
- The Saudi Arabia market is expected to grow at a CAGR of 7.7% 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 39.4 million |
| Market revenue in 2028 | USD 71.4 million |
| Growth rate | 7.7% (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, Saudi Arabia accounted for 0.5% 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 Middle East & Africa, South Africa radiation oncology market is projected to lead the regional market in terms of revenue in 2028.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 71.4 million by 2028.
External beam radiationtherapy was the largest segment with a revenue share of 78.68% in 2020. Horizon Databook has segmented the Saudi Arabia radiation oncology market based on external beam radiationtherapy, internal beam radiation therapy covering the revenue growth of each sub-segment from 2017 to 2028.
Saudi Arabia is estimated to grow at a high CAGR over the forecast period owing to various factors such as increase in research initiatives. For instance, in October 2019, King Abdullah University of Science and Technology (KAUST) and King Abdul Aziz University (KAU) collaborated for funding and research of innovative cancer treatment.
Furthermore, rising prevalence of cancer is anticipated to drive the market growth. According to WHO (2018), the 5- year prevalence of cancer was 70,819 in Saudi Arabia. Moreover, there is an unmet need for cancer treatment in the region.
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Radiation Oncology Market Scope
Radiation Oncology Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia radiation oncology market size, by type, 2017-2028 (US$M)
Saudi Arabia Radiation Oncology Market Outlook Share, 2020 & 2028 (US$M)
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