Radiotherapy Positioning Devices Market Segmentation by Product Type (Head, Neck, & Brain Immobilization Device, Thorax & Breast Immobilization Device, Pelvic Immobilization Devices, and Others); and by End-Users (Hospitals, Cancer Research Institutes, Ambulatory Surgical Centers, and Others)-Global Demand Analysis & Opportunity Outlook 2020-2030

Global Radiotherapy Positioning Devices Market Highlights Over 2020 - 2030

The global radiotherapy positioning devices market is estimated to garner a revenue of USD 371.47 Million by the end of 2030 by growing at a CAGR of 8.01% over the forecast period, i.e., 2021 – 2030. Moreover, the market registered a revenue of USD 172.87 Million in the year 2020. The growth of the market can be attributed to growing advancements in healthcare, backed by the rising healthcare expenditure, along with the growing incidences of cancer globally. Cancer, which is one of the leading causes of death around the globe, accounted for around 10 Million deaths in the year 2020, according to statistics by the World Health Organization (WHO). Moreover, among the most common causes of cancer deaths in the year 2020 was due to lung cancer which recorded 1.80 Million deaths in the same year. It was followed by colon & rectum cancer with 935000 deaths and liver cancer with 830000 deaths. Radiotherapy helps to damage the genetic material of the cancer cells. With the growing incidences of cancer, and the surge in the need for radiotherapy, the demand for radiotherapy positioning devices is projected to increase, and in turn, accelerate the growth of the market in the coming years.

Besides this, the growing government initiatives that are aimed to provide healthcare support to citizens, along with the increasing number of hospitals and the rising number of inpatients in hospitals for cancer treatment, are also expected to drive market growth in the coming years.

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Global Radiotherapy Positioning Devices Market Regional Synopsis

Regionally, the global radiotherapy positioning devices market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. The market in North America is projected to garner the largest revenue of USD 130.57 Million by the end of 2030, up from a revenue of USD 61.13 Million in the year 2020. The growth of the market in the region can primarily be attributed to the growing healthcare expenditure in the region, followed by the presence of a strong healthcare network, especially in the United States. According to the statistics by the World Bank, the current health expenditure as a share of GDP in the United States grew from 15.286% in the year 2008 to 16.885% in the year 2018. On the other hand, the market in Europe is anticipated to garner the second-largest revenue of USD 118.91 Million by the end of 2030, up from a revenue of USD 56.72 Million in the year 2020. The market in the region is further segmented by country into the United Kingdom, Germany, Italy, France, Spain, Russia, Netherlands, and the Rest of Europe. Out of these, the market in Germany is projected to garner the largest revenue of USD 26.96 Million by the end of 2030, up from a revenue of USD 12.36 Million in the year 2020.

Growth Drivers and Challenges Impacting the Growth of the Global Radiotherapy Positioning Devices Market

Growth Drivers

• Growing Incidences of Cancer

• Rising Government Initiatives to Provide Healthcare Support to Citizens

• Increasing Healthcare Expenditure

Challenges

• Limited Access to Advanced Healthcare Systems in Several Developing and Under-Developed Countries

Global Radiotherapy Positioning Devices Market Segmentation Synopsis

The global radiotherapy positioning devices market is segmented by product type into head, neck & brain immobilization devices, thorax & breast immobilization devices, pelvic immobilization devices, and others. Out of these, the thorax & breast immobilization device segment is anticipated to garner the largest revenue of USD 125.92 Million by the end of 2030, up from a revenue of USD 59.11 Million in the year 2020. By end-user, the market is segmented into hospitals, cancer research institutes, ambulatory surgical centers, and others. Out of these, the hospital's segment is projected to garner the largest revenue of USD 221.16 Million by the end of 2030, up from a revenue of USD 101.20 Million in the year 2020.

Key Companies Dominating the Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global radiotherapy positioning devices market that are included in our report are C-RAD, CIVCO Radiotherapy, Elekta AB, BIONIX LLC, ORFIT INDUSTRIES NV, Qfix, Klarity Medical Products, IZI Medical Products, CDR Systems, Candor ApS, and others.

Latest Developments in the Global Radiotherapy Positioning Devices Market:

• December 4^th, 2020: BIONIX LLC announced the launch of SecureFoam Pouch-Pro, a custom patient positioning single-patient use product, to help hospitals and healthcare facilities reduce the risk of cross-contamination of coronavirus, the virus causing COVID-19.

• October 24^th, 2021: Qfix announced the launch of the Encompass 15-Channel Head Coil, a positioning product specifically designed to accommodate the high precision positioning that is unique to the Encompass MR SRS Immobilization System and with select Siemens 3T MRI Systems.

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• The report covers a detailed analysis comprising market share attained by each market segment and its sub-segments.

• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis, and challenges that impact market growth.

• The report includes detailed company profiles of the major players dominating the market.

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Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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