Linear Accelerators [LINAC] Market Analysis Size, Share, Trends, Current Demand, and Business Opportunities

Linear Accelerators (LINAC) Market – Scope of the Report

TMR’s report on the global linear accelerators (LINAC) market studies the past as well as current growth trends and opportunities to gain valuable insights of the market during the forecast period from 2022 to 2030. The report provides the revenue of the global linear accelerators (LINAC) market for the period from 2018 to 2030, considering 2019 as the base year and 2030 as the forecast year. The report also provides the compound annual growth rate (CAGR) for the global linear accelerators (LINAC) market for the same period.

The report has been prepared after extensive research. Primary research involved a bulk of research efforts, wherein analysts conducted interviews with market leaders and opinion makers. Secondary research involved referring to key players’ product literature, annual reports, press releases, and relevant documents to understand the global linear accelerators (LINAC) market.

Secondary research also included Internet sources and statistical data from government agencies, websites, and trade associations. Analysts have also employed a combination of top-down and bottom-up approaches to study various phenomena in the global linear accelerators (LINAC) market.

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Linear Accelerators (LINAC) Market: Overview

  • According to Transparency Market Research’s latest research report on the global linear accelerators (LINAC) market for the historical year (2018), base year (2019), and the forecast period (2020–2030), increase in burden of cancer across the globe is projected to drive the global linear accelerators (LINAC) market in the near future
  • According to the report, the global linear accelerators (LINAC) market was valued at US$ Bn in 2019 and is anticipated to expand at a CAGR of 6% from 2022 to 2030

Increase in Burden of Cancer to Drive Global Market

  • Rise in prevalence and increase in demand for new treatments for cancer are expected to boost the growth of the market during the forecast period
  • According to the World Health Organization (WHO), cancer is the second leading cause of death globally after cardiovascular disease, and cancer accounts for3million deaths each year, with 70% new cancer cases expected to be reported over the next 20 years
  • According to data released by the World Cancer Research Fund International, globally, breast cancer is the most common cancer, with nearly million cases in 2018. Belgium, Luxemburg, the Netherlands, France (metropolitan), and New Caledonia (France) were the top five countries with the highest number of cancer cases across the globe.

Rise in Awareness about Radiation Therapy and LINAC to Propel Global Market

  • Growth of the market is likely to be driven by increase in awareness about radiation therapy among healthcare professionals across the globe
  • According to the American Society of Clinical Oncology (ASCO), in 2022, an estimated 3,600 people are projected to be diagnosed with primary bone cancerin the U.S., with 1,720 deaths expected to occur due to bone cancer

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Lack of Skilled and Experienced Personnel to Hamper Global Market

  • Lack of skilled healthcare personnel is projected to restrain the global linear accelerators (LINAC) market. Key healthcare professionals involved in the radiation therapy are radiation therapy specialists, oncologists, and radiation dosimetrists. In developing countries, lack of skilled and trained healthcare professionals is a major pitfall for providing treatment to patients. These professionals must have knowledge about dosage, amount of radiation, and other factors in order to deliver successful treatment.
  • In 2016, there were nearly 2,000oncologists for 10 million cancer patients in India. One of the major concerns is the concentration of oncologists in India. Majority of radiation facilities and oncologists are concentrated in the metropolitan cities of India, hampering equitable access to treatment.

Linear Accelerators (LINAC) Market: Competition Landscape

This report profiles major players operating in the global linear accelerators (LINAC) market based on attributes such as company overview, financial overview, product portfolio, major brands, business strategies, and recent developments

The global linear accelerators (LINAC) market is highly competitive, with the presence of prominent players in the international market. The top players hold majority share of the global linear accelerators (LINAC) market.

Prominent players operating in the global linear accelerators (LINAC) market include

  • Varian Medical Systems, Inc.
  • Elekta AB
  • Accuray Incorporated
  • Shinva Medical Instrument Co., Ltd.
  • Viewray Medical Technologies Inc.

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Transparency Market Research is a global market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for several decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts so that it always reflects latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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