The number of Cancer cases has been rising all across the globe over the past few years. As per the American Institute of Cancer Research, by 2030, the number of new cancer incidence is expected to reach 25 million. The prevalence of cancer is further predicted to be the highest in low and middle-income countries, including India and China. Cancer is among the most common chronic diseases around the globe, and was responsible for 9.6 million deaths in 2018, as per the World Health Organization.

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radiotherapy market is expected to generate a revenue of $17,194.4 million by 2030, increasing from $7,222.4 million in 2019, advancing at an 8.4% CAGR during the forecast period (2020–2030).  

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The demand for radiotherapy is further expected to be the highest in hospitals in the near future as well owing to the rising number cancer cases, adoption of technologically advanced products in healthcare settings, increasing expenditure in the healthcare industry and growing geriatric population. Geographically, North America is predicted to make the most use of Radiation Therapy in the years, and the U.S. is dominating the regional domain. This can be ascribed to the extensive installation base for radiotherapy equipment, presence of major healthcare providers, and presence of research institutes are driving the demand for radiation therapy.