Empowering Patients: Understanding the Role of Radiation Therapy in Cancer Treatment

https://www.marketsandmarkets.com/Market-Reports/radiotherapy-monitoring-devices-market-567.html

The global radiotherapy market is valued at USD 6.3 billion in 2022 and is expected to reach USD 8.1 billion by 2027, at a CAGR of 5.1% during the forecast period. Technological advancements in radiotherapy and the rising incidence of cancer are the major factors driving the growth of this market. Additionally, awareness initiatives on the benefits of radiotherapy and the increasing use of particle therapy for cancer treatment are other factors driving the growth of this market. The rising healthcare expenditure across developing countries and increasing public-private investments in cancer research offer additional opportunities to this market. However, inadequate healthcare infrastructure, especially in emerging countries, shortage of skilled oncologists and radiologists, high cost of radiotherapy devices, and high complexities associated with radiotherapy treatment are the factors expected to restrain the growth of this market during the forecast period.