Radiation Oncology Market


The global Radiation Oncology market is experiencing substantial growth, with the market size reaching USD 8.6 billion in 2024. Projections indicate a significant expansion, estimating the market to reach USD 14.9 billion by 2033. This growth is characterized by a robust compound annual growth rate (CAGR) of 6.3% during the forecast period from 2025 to 2033. This upward trajectory is fueled by several key factors, including the increasing prevalence of cancer and the rising demand for minimally invasive treatment options. Technological advancements in radiation therapy, such as proton therapy and brachytherapy, are also contributing to market growth. Additionally, the growing geriatric population, which is more susceptible to cancer, further drives the demand for radiation oncology services. These factors collectively create a positive outlook for the radiation oncology market in the coming years.

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