Spain Radiation Oncology Market Size & Outlook, 2020-2028
Spain radiation oncology market, 2017-2028 (US$M)
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Spain radiation oncology market highlights
- The Spain radiation oncology market generated a revenue of USD 185.6 million in 2020 and is expected to reach USD 346.4 million by 2028.
- The Spain market is expected to grow at a CAGR of 8.1% 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 185.6 million |
| Market revenue in 2028 | USD 346.4 million |
| Growth rate | 8.1% (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, Spain accounted for 2.4% 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 Europe, Germany radiation oncology market is projected to lead the regional market in terms of revenue in 2028.
- UK is the fastest growing regional market in Europe and is projected to reach USD 500.6 million by 2028.
External beam radiationtherapy was the largest segment with a revenue share of 70.91% in 2020. Horizon Databook has segmented the Spain radiation oncology market based on external beam radiationtherapy, internal beam radiation therapy covering the revenue growth of each sub-segment from 2017 to 2028.
Introduction of novel products and rise in the number of initiatives to establish radiation oncology centers to improve access for patients are expected to fuel the market growth in the country. For instance, Quironsalud is developing the country’s first proton therapy center in Madrid.
Furthermore, the University of Navarra is also engaged in opening another hospital equipped with radiation oncology systems in Madrid. In addition, Koninklijke Philips N.V. showcased its radiation oncology treatment products at the European Society for Radiation Oncology’s (ESTRO).
Annual Meeting organized in Spain and announced a partnership with Sun Nuclear Corporation for the integration of PlanIQ software with Philips’ Pinnacle 16.2 Auto-Planning for radiation oncology treatment planning.
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Radiation Oncology Market Scope
Radiation Oncology Market Companies
| Name | Profile | # Employees | HQ | Website |
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Spain radiation oncology market size, by type, 2017-2028 (US$M)
Spain Radiation Oncology Market Outlook Share, 2020 & 2028 (US$M)
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