Global Radiation Therapy Systems Market Expected to Reach $5.6B by 2020

Although immunotherapy and other cutting-edge technologies have dominated the spotlight in cancer treatment over the last several years, the use of radiation therapy is rapidly increasing as physicians look to this non-invasive, cost-effective treatment to address a broad and growing number of cancers. Valued at nearly $4.3 billion in 2015, the global radiation therapy market is growing at a CAGR of 5.5%, and is projected to reach $5.6 billion by 2020, according to a recent report from Medtech Insight.

Despite advances in cancer prevention, diagnosis and treatment, the number of new cancer cases worldwide is expected to increase 70% over the next 20 years, growing from around 14 million in 2012 to more than 22 million, according to the latest statistics from the World Health Organization. In 2012, roughly 32.6 million people were living with cancer within five years of diagnosis and there were 8.2 million cancer-related deaths.

While much of the recent news in cancer treatment has focused on immunotherapy and other cutting-edge technologies, radiation therapy, surgery and chemotherapy, alone or in combination, remain the most common...

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