South & Central America Radiation Oncology Market Forecast to 2031 - Regional Analysis - by Types (External Beam Radiation Therapy and Internal Beam Radiation Therapy) and Application (Breast Cancer, Prostate Cancer, Lung Cancer, Head & Neck Cancer, Cervical Cancer, and Others)

BMIRE00031032 | Pages: 67 | Medical Device | Nov 2024 | Type: Regional | Status: Published

The South & Central America radiation oncology market was valued at US$ 282.01 million in 2023 and is expected to reach US$ 765.31 million by 2031; it is estimated to record a CAGR of 13.3% from 2023 to 2031.

Strategic Initiatives in Radiation Oncology Fuel South & Central America Radiation Oncology Market

Radiation Oncology holds tremendous potential in cancer treatment. Additionally, constant evolution in radiotherapy by the market players in terms of product development, innovation, product launch, product approval, merger, acquisition and partnerships, and others is expected to contribute the market growth. Some of the recent strategic initiatives taken place in the market are 

  • In May 2024, Elekta launched its latest linear accelerator (linac), Evo, a CT-Linac with new high-definition AI enhanced imaging, capable of delivering offline and online adaptive radiation therapy as well as improved standard image-guided radiation therapy treatments.
  • In May 2024, GE HealthCare launched Revolution RT, a new radiation therapy computed tomography (CT) solution with innovative hardware and software solutions to help increase imaging accuracy, while simplifying simulation workflow for a more personalized and seamless oncology care pathway experience for clinicians and patients.
  • In April 2024, Accuray Incorporated showcased advancement in hardware and software designed to improve the cancer treatment experience, at ESTRO 2024. The latest generation CyberKnife and Radixact platforms provide medical care teams with the technology necessary for expanding the curative power of radiation therapy and delivering on the focus of this year's congress, bridging the care gap.
  • In September 2023, MVision AI launched the first comprehensive Guideline-Based Segmentation (GBS) solution for effective radiation therapy contouring. Guide facilitates clinical teams to accurately evaluate AI-generated structures, thus enabling them to refine their contouring skills. Verify allows visual and volumetric comparison of contours, facilitating clinics to observe similarities and differences. The combined implementation of Guide Verify and Contour+ encompasses all clinical needs in radiotherapy contouring.

Therefore, surging strategic initiatives among market players operating in radiation oncology market which are expected to amplify the market growth and create ample opportunities for the radiation oncology market.

South & Central America Radiation Oncology Market Overview

Radiation treatment represents a pivotal approach for the treatment of cancer in Brazil, as clinical results of studies conducted in the country show 60-70% decrease in the incidence rate of lung cancer after the administration of this therapy. However, approximately 100,000 patients per year die without receiving adequate radiation therapy, which underlines the lack of access to a radiotherapy facility as a prime a social problem in Brazil. Healthcare facilities in Brazil are equipped with 30 radioactive cobalt-60 teletherapy machines and approximately 3,600 linear accelerators, but only 30% of radiotherapy facilities have access to IGRT. This therapy is essential for sophisticated treatments, such as IMRT, volumetric modulated arc therapy, and stereotactic body radiation treatment (SBRT). Hence, the Brazilian government is proactively focusing on developing radiation therapy centers to provide support to the country's cancer management efforts.

South & Central America Radiation Oncology Market Revenue and Forecast to 2031 (US$ Million)

South & Central America Radiation Oncology Market Revenue and Forecast to 2031 (US$ Million)

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South & Central America Radiation Oncology Market Segmentation

The South & Central America radiation oncology market is categorized into types, application and country. 

Based on types, the South & Central America radiation oncology market is bifurcated into external beam radiation therapy and internal beam radiation therapy. The external beam radiation therapy segment held a larger market share in 2023.

In terms of application, the South & Central America radiation oncology market is categorized into breast cancer, prostate cancer, lung cancer, head and neck cancer, cervical cancer, and others. The breast cancer segment held the largest market share in 2023.

By country, the South & Central America radiation oncology market is segmented into Brazil, Argentina, and the Rest of South & Central America. The Rest of South & Central America dominated the South & Central America radiation oncology market share in 2023.

Varian Medical Systems Inc, Elekta AB, IBA Worldwide (Ion Beam Applications SA), Becton Dickinson and Co, Mallinckrodt Plc, and Curium are some of the leading companies operating in the South & Central America radiation oncology market.

TABLE OF CONTENTS

 

1. Introduction

1.1 The Insight Partners Research Report Guidance

1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights

3. Research Methodology

3.1 Secondary Research

3.2 Primary Research

3.2.1 Hypothesis formulation:

3.2.2 Macro-economic factor analysis:

3.2.3 Developing base number:

3.2.4 Data Triangulation:

3.2.5 Country level data:

4. South & Central America Radiation Oncology Market - Key Market Dynamics

4.1 Market Drivers:

4.1.1 Increasing Prevalence of Cancer

4.1.2 Initiatives to Support Developments in Radiation Oncology

4.2 Market Restraints

4.2.1 High Cost of Radiotherapy Equipment

4.3 Market Opportunities

4.3.1 Strategic Initiatives in Radiation Oncology

4.4 Future Trends

4.4.1 Technological Advancement in Radiation Oncology

4.5 Impact of Drivers and Restraints:

5. Radiation Oncology Market - South & Central America Market Analysis

5.1 Radiation Oncology Market Revenue (US$ Million), 2021-2031

6. South & Central America Radiation Oncology Market Analysis - by Types

6.1 External Beam Radiation Therapy

6.1.1 Overview

6.1.2 External Beam Radiation Therapy: Radiation Oncology Market - Revenue and Forecast to 2031 (US$ Million)

6.2 Internal Beam Radiation Therapy

6.2.1 Overview

6.2.2 Internal Beam Radiation Therapy: Radiation Oncology Market - Revenue and Forecast to 2031 (US$ Million)

7. South & Central America Radiation Oncology Market Analysis - by Application

7.1 Breast Cancer

7.1.1 Overview

7.1.2 Breast Cancer: Radiation Oncology Market - Revenue and Forecast to 2031 (US$ Million)

7.2 Prostate Cancer

7.2.1 Overview

7.2.2 Prostate Cancer: Radiation Oncology Market - Revenue and Forecast to 2031 (US$ Million)

7.3 Lung Cancer

7.3.1 Overview

7.3.2 Lung Cancer: Radiation Oncology Market - Revenue and Forecast to 2031 (US$ Million)

7.4 Head and Neck Cancer

7.4.1 Overview

7.4.2 Head and Neck Cancer: Radiation Oncology Market - Revenue and Forecast to 2031 (US$ Million)

7.5 Cervical Cancer

7.5.1 Overview

7.5.2 Cervical Cancer: Radiation Oncology Market - Revenue and Forecast to 2031 (US$ Million)

7.6 Others

7.6.1 Overview

7.6.2 Others: Radiation Oncology Market - Revenue and Forecast to 2031 (US$ Million)

8. South & Central America Radiation Oncology Market - Country Analysis

8.1 South & Central America

8.1.1 South and Central America: Radiation Oncology Market - Revenue and Forecast Analysis - by Country

8.1.1.1 Brazil: Radiation Oncology Market - Revenue and Forecast to 2031 (US$ Million)

8.1.1.1.1 Brazil: Radiation Oncology Market Breakdown, by Types

8.1.1.1.2 Brazil: Radiation Oncology Market Breakdown, by External Beam Radiation Therapy

8.1.1.1.3 Brazil: Radiation Oncology Market Breakdown, by Internal Beam Radiation Therapy

8.1.1.1.4 Brazil: Radiation Oncology Market Breakdown, by Application

8.1.1.2 Argentina: Radiation Oncology Market - Revenue and Forecast to 2031 (US$ Million)

8.1.1.2.1 Argentina: Radiation Oncology Market Breakdown, by Types

8.1.1.2.2 Argentina: Radiation Oncology Market Breakdown, by External Beam Radiation Therapy

8.1.1.2.3 Argentina: Radiation Oncology Market Breakdown, by Internal Beam Radiation Therapy

8.1.1.2.4 Argentina: Radiation Oncology Market Breakdown, by Application

8.1.1.3 Rest of South & Central America: Radiation Oncology Market - Revenue and Forecast to 2031 (US$ Million)

8.1.1.3.1 Rest of South & Central America: Radiation Oncology Market Breakdown, by Types

8.1.1.3.2 Rest of South & Central America: Radiation Oncology Market Breakdown, by External Beam Radiation Therapy

8.1.1.3.3 Rest of South & Central America: Radiation Oncology Market Breakdown, by Internal Beam Radiation Therapy

8.1.1.3.4 Rest of South & Central America: Radiation Oncology Market Breakdown, by Application

9. Radiation Oncology Market - Industry Landscape

9.1 Overview

9.2 Growth Strategies in Radiation Oncology Market

9.3 Organic Growth Strategies

9.3.1 Overview

9.4 Inorganic Growth Strategies

9.4.1 Overview

10. Company Profiles

10.1 Varian Medical Systems Inc

10.1.1 Key Facts

10.1.2 Business Description

10.1.3 Products and Services

10.1.4 Financial Overview (Siemens Healthineers AG)

10.1.5 SWOT Analysis

10.1.6 Key Developments

10.2 Elekta AB

10.2.1 Key Facts

10.2.2 Business Description

10.2.3 Products and Services

10.2.4 Financial Overview

10.2.5 SWOT Analysis

10.2.6 Key Developments

10.3 IBA Worldwide (Ion Beam Applications SA)

10.3.1 Key Facts

10.3.2 Business Description

10.3.3 Products and Services

10.3.4 Financial Overview

10.3.5 SWOT Analysis

10.3.6 Key Developments

10.4 Becton Dickinson and Co

10.4.1 Key Facts

10.4.2 Business Description

10.4.3 Products and Services

10.4.4 Financial Overview

10.4.5 SWOT Analysis

10.4.6 Key Developments

10.5 Mallinckrodt Plc

10.5.1 Key Facts

10.5.2 Business Description

10.5.3 Products and Services

10.5.4 Financial Overview

10.5.5 SWOT Analysis

10.5.6 Key Developments

10.6 Curium

10.6.1 Key Facts

10.6.2 Business Description

10.6.3 Products and Services

10.6.4 Financial Overview

10.6.5 SWOT Analysis

10.6.6 Key Developments

11. Appendix

11.1 About The Insight Partners

11.2 Glossary of Terms

 

List of Tables

Table 1. South & Central America Radiation Oncology Market Segmentation

Table 2. Brazil: Radiation Oncology Market - Revenue and Forecast to 2031(US$ Million) - by Types

Table 3. Brazil: Radiation Oncology Market - Revenue and Forecast to 2031(US$ Million) - by External Beam Radiation Therapy

Table 4. Brazil: Radiation Oncology Market - Revenue and Forecast to 2031(US$ Million) - by Internal Beam Radiation Therapy

Table 5. Brazil: Radiation Oncology Market - Revenue and Forecast to 2031(US$ Million) - by Application

Table 6. Argentina: Radiation Oncology Market - Revenue and Forecast to 2031(US$ Million) - by Types

Table 7. Argentina: Radiation Oncology Market - Revenue and Forecast to 2031(US$ Million) - by External Beam Radiation Therapy

Table 8. Argentina: Radiation Oncology Market - Revenue and Forecast to 2031(US$ Million) - by Internal Beam Radiation Therapy

Table 9. Argentina: Radiation Oncology Market - Revenue and Forecast to 2031(US$ Million) - by Application

Table 10. Rest of South & Central America: Radiation Oncology Market - Revenue and Forecast to 2031(US$ Million) - by Types

Table 11. Rest of South & Central America: Radiation Oncology Market - Revenue and Forecast to 2031(US$ Million) - by External Beam Radiation Therapy

Table 12. Rest of South & Central America: Radiation Oncology Market - Revenue and Forecast to 2031(US$ Million) - by Internal Beam Radiation Therapy

Table 13. Rest of South & Central America: Radiation Oncology Market - Revenue and Forecast to 2031(US$ Million) - by Application

Table 14. Recent Organic Growth Strategies in Radiation Oncology Market

Table 15. Recent Inorganic Growth Strategies in the Radiation Oncology Market

Table 16. Glossary of Terms, Radiation Oncology Market

 

List of Figures

Figure 1. South & Central America Radiation Oncology Market Segmentation, by Country

Figure 2. Radiation Oncology Market - Key Market Dynamics

Figure 3. Statistics at Glance, Global, 2022

Figure 4. Impact Analysis of Drivers and Restraints

Figure 5. Radiation Oncology Market Revenue (US$ Million), 2021-2031

Figure 6. Radiation Oncology Market Share (%) - by Types (2023 and 2031)

Figure 7. External Beam Radiation Therapy: Radiation Oncology Market - Revenue and Forecast to 2031 (US$ Million)

Figure 8. Internal Beam Radiation Therapy: Radiation Oncology Market - Revenue and Forecast to 2031 (US$ Million)

Figure 9. Radiation Oncology Market Share (%) - by Application (2023 and 2031)

Figure 10. Breast Cancer: Radiation Oncology Market - Revenue and Forecast to 2031 (US$ Million)

Figure 11. Prostate Cancer: Radiation Oncology Market - Revenue and Forecast to 2031 (US$ Million)

Figure 12. Lung Cancer: Radiation Oncology Market - Revenue and Forecast to 2031 (US$ Million)

Figure 13. Head and Neck Cancer: Radiation Oncology Market - Revenue and Forecast to 2031 (US$ Million)

Figure 14. Cervical Cancer: Radiation Oncology Market - Revenue and Forecast to 2031 (US$ Million)

Figure 15. Others: Radiation Oncology Market - Revenue and Forecast to 2031 (US$ Million)

Figure 16. South & Central America Radiation Oncology Market, by Key Countries - Revenue (2023) (US$ Million)

Figure 17. South & Central America: Radiation Oncology Market Breakdown, by Key Countries, 2023 and 2031 (%)

Figure 18. Brazil: Radiation Oncology Market - Revenue and Forecast to 2031(US$ Million)

Figure 19. Argentina: Radiation Oncology Market - Revenue and Forecast to 2031(US$ Million)

Figure 20. Rest of South & Central America: Radiation Oncology Market - Revenue and Forecast to 2031(US$ Million)

Figure 21. Growth Strategies in Radiation Oncology Market

  1. Varian Medical Systems Inc.
  2. Elekta AB.
  3. IBA Worldwide (Ion Beam Applications SA).
  4. Becton Dickinson and Co.
  5. Mallinckrodt Plc.
  6. Curium.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South & Central America radiation oncology market.
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the South & Central America radiation oncology market, thereby allowing players across the value chain to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth South & Central America market trends and outlook coupled with the factors driving the South & Central America radiation oncology market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
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