According to the business intelligence report titled ‘Global Radiotherapy Market - Analysis By Procedure (External Radiation, Internal Radiation), Product, Application, By Region, By Country (2021 Edition): Market Insights and Forecast with Impact of COVID-19 (2021-2026)’, available with Market Study Report LLC, global radiotherapy market was evaluated at USD 7987.01 million in 2020 and is speculated to record notable gains between 2021-2026.
 

Surging expenditure to develop an advanced healthcare infrastructure, increasing disposable income, technological developments, and growing incidence of cancer are the key growth drivers for global radiotherapy market.
 

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There has been a growing trend of using artificial intelligence in healthcare sector to enhance speed of analysis, exactness, aid clinical dynamics, and lead to better results. The incorporation of AI will also speed up the traditional treatment arranging process as well as help in treatment planning, radio-biologic data mining, and clinical decision support, thus aiding towards significant revenue inflow for global radiotherapy market.
 

Leading companies have been undertaking strategic decisions such as mergers & acquisitions, partnerships, product launches etc. which will facilitate industry growth as well. Citing an instance, Siemens Healthineers AG acquired Varian Medical Systems Inc. to expand its product portfolio and increase its potential for value creation.
 

From the regional frame of reference, North America held majority of global radiotherapy market share in the recent past owing to increasing incidence of cancer among pediatric populace, high presence of leading companies, and favorable reimbursement policies. Meanwhile, mergers & acquisitions by industry leaders, enhanced economic conditions, and favorable reimbursement policies will stimulate industry growth in North America between 2021-2026.
 

Leading players shaping global radiotherapy market dynamics are P-Cure Ltd., Varian Medical Systems Inc., Eckert & Ziegler AG, Elekta AB, Siemens Healthineers AG, Accuray Inc., Isoray Inc., Mevion Medical Systems Inc., IntraOp Medical Corporation, and ViewRay Inc.