South Africa Radiation Oncology Market Size & Outlook
South Africa radiation oncology market, 2017-2028 (US$M)
Related Markets
South Africa radiation oncology market highlights
- The South Africa radiation oncology market generated a revenue of USD 54.1 million in 2020 and is expected to reach USD 94.2 million by 2028.
- The South Africa market is expected to grow at a CAGR of 7.2% 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 54.1 million |
| Market revenue in 2028 | USD 94.2 million |
| Growth rate | 7.2% (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, South Africa accounted for 0.7% 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 75.05% in 2020. Horizon Databook has segmented the South Africa 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 South Africa is expected to witness lucrative growth over the forecast period owing to growing need for cancer treatment due to high incidence of cancer. According to WHO, around 107,467 new cancer cases were diagnosed in 2018.
Prostate, colorectal, and lung cancers are the top three types of cancer diagnosed in men while breast cancer in women is the most diagnosed cancer. In addition, many manufacturers are keen to enter the country to expand their product portfolios and to further strengthen their position in the market.
For instance, in April 2019, Varian Medical Systems, Inc. inaugurated its office in South Africa. The company will provide education and training to healthcare professionals in collaboration with Groote Schuur Hospital.
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Radiation Oncology Market Scope
Radiation Oncology Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa radiation oncology market size, by type, 2017-2028 (US$M)
South Africa Radiation Oncology Market Outlook Share, 2020 & 2028 (US$M)
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