[FURL=https://www.industryarc.com/Report/19495/us-radiation-oncology-market.html?utm_source=freeprnow&utm_medium=pressrelease&utm_campaign=paidpressrelease]U.S. Radiation Oncology Market[/FURL] size is estimated to reach $3.6 billion by 2026, growing at a CAGR of 5.1% during the forecast period 2021-2026. Radiation oncology is an oncology treatment that uses high doses of radiation to kill cancer cells and tumors. Radiation oncology is increasingly being adopted in the country owing to the rise in advancements in radiation oncology treatment and the growing awareness about the benefits of radiation oncology treatments for treating various cancers.Key Takeaways
The growing applications of external beam therapy for treating various cancers in the country are driving the External Beam Radiation Therapy segment. However, the high cost of radiation oncology treatment in the country is one of the major factors that is said to reduce the growth of the U.S. Radiation Oncology Market.
The rise in investments by the key players in the country to develop advanced internal beam radiation therapy and the increasing demand for intensity modulated radiotherapy for breast cancer treatment in the country are the major factors driving the growth of the U.S. Radiation Oncology Market.
Detailed analysis on the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the U.S. Radiation Oncology Market report.
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U.S. Radiation Oncology Market Segment Analysis-By Type
The U.S. Radiation Oncology Market based on the Type can be further segmented into External Beam Radiation Therapy, Internal Beam Radiation Therapy, Systemic Beam Radiation Therapy, and Others. The External Beam Radiation Therapy segment held the largest share owing to the factors such as the rise in the adoption of external beam therapy in the country and the presence of key players in the county. The growing applications of external beam therapy for treating various cancers in the country are driving the growth of the U.S. Radiation Oncology Market. The Internal Beam Radiation Therapy segment is estimated to be the fastest-growing segment with a CAGR of 5.4% over the period 2021-2026.
U.S. Radiation Oncology Market Drivers
Increase in the Adoption of Intensity Modulated Radiotherapy for Breast Cancer
Rise in the Demand for Brachytherapy
U.S. Radiation Oncology Market Competitive Landscape:
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the U.S. Radiation Oncology Market. Key companies of this market are Ion Beam Applications S.A., Accuray, Elekta, Mevion Medical Systems, Curium, Varian Medical Systems, C. R. Bard, Inc., Nordion Inc, Provision Healthcare, and RefleXion Medical among others.
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