Radiation Treatment Planning Solutions Market, By Product Type (Cloud-Based and On-premise), By Application (Hospitals, Ambulatory Radiotherapy Centres, and Cancer Research Institutes), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Report Code: PMI147919 | Publish Date: March 2024 | No. of Pages: 170

Global Radiation Treatment Planning Solutions Overview

Introduction:

Radiation Treatment Planning Solutions Market was valued at US$ 407.6 million in 2024 and is projected to grow at a CAGR of 8.6% to reach US$ 862.4 million by 2034.

Radiation Treatment Planning Solutions refer to the industry that produces and provides hardware, software, and imaging technologies for the purpose of accurately producing radiation treatment plans for cancer patients. The employment of high-energy particles or waves to destroy malignant cells is encouraged by radiation therapy.

Radiation Treatment Planning Solutions is comprised of optimized algorithms that determine the optimal way to give radiation dose while limiting damage to healthy tissues, as well as treatment planning software that enables physicians to specify tumor volumes, vital organs, and dose prescriptions. By enhancing treatment outcomes and patient quality of life, these instruments serve to develop precision medicine in radiation oncology. Usually the first step in the planning of radiation therapy involves processing the data from medical imaging tests, like CT, MRI, or PET scans. These methods recognize and separate the tumor from pertinent anatomical features using sophisticated image processing algorithms.

Radiation treatment software currently available in the market is designed to facilitate the adoption of complex procedures like intensity-modulated radiation therapy (IMRT) by providing wide-spread and consistent access to patient data and illness histories. IMRT is a sophisticated method that modifies radiation beam intensity from various angles. For IMRT, radiation treatment planning systems maximize beam intensity to produce a highly conformal dose distribution that improves dosage modulation and protects important tissues.

Introduction - Radiation Treatment Planning Solutions Market

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Global Radiation Treatment Planning Solutions Dynamics

Radiation Treatment Planning Solutions Market Key Drivers:

  • An increase in cancer cases

The need for radiation treatment as a therapeutic option is driven by the rising global occurrence of cancer patients, which increases the need for sophisticated planning solutions and would ultimately fuel market expansion. Radiation treatment planning solutions offer safe and effective radiation delivery to patients, thus ensuring proper patient care.

For instance, according to a report by the Centers for Disease Control and Prevention (CDC), about 1,603,844 new cancer cases were reported and 602,347 people died of cancer in the year 2020 in the United States. Through the report it was found that 403 new cases of cancer were reported for every 100,000 persons, and 144 people lost their lives to the disease.

  • Advances in technology

Continuous advancements in hardware capabilities, imaging methods, and software algorithms improve patient outcomes and treatment planning precision, driving market expansion. These developments are changing the way radiation therapy is administered to cancer patients in addition to driving market expansion. Also, through the analysis of massive volumes of patient data, tumor features, and anatomical information, artificial intelligence systems are able to transform treatment planning solutions.

Radiation Treatment Planning Solutions Market Restrains:

  • High investment costs

Healthcare facilities might find it expensive to implement and maintain advanced planning systems, including the hardware, software, and training necessary, especially in situations when funds are limited. Additionally, it would also be difficult for governments and healthcare organizations to set aside enough money to implement the newest technologies, particularly in underdeveloped nations.

  • Lack of skilled employees

In some healthcare settings, specific training and experience may not be easily accessible for the implementation and operation of advanced planning solutions. These solutions require a competent workforce for optimal use and successful implementation since they entail sophisticated algorithms, advanced technologies, and a multidisciplinary approach.

Recent Development:

  • In Feb 2023, Varian, a Siemens Healthineers company received FDA approval for Varian's Halcyon system for adaptive radiotherapy. This approval highlights the trend toward individualized and adaptive radiation therapy by opening the door to real-time treatment modifications based on intra-treatment imaging.
  • In July 2022, RefleXion Medical obtained a $125 million loan ahead of the FDA's ruling on radiation technology. With its biology-guided radiotherapy (BgRT) system, the company is fully committed to it. In order to get ready for the technology's commercial debut, the start-up has more than doubled its current debt.

Global Radiation Treatment Planning Solutions Segmentation

Radiation Treatment Planning Solutions Market is segmented based on Product Type, Application, and region.

Product Type Insights

  • Cloud - Based: Cloud - based solutions provide flexibility, accessibility, and cost-effectiveness, and also store and process patient data on distant servers. They are gaining significant acceptance as a result of its scalability, adaptability, and cheaper upfront expenditures. Cloud technologies are being used by hospitals due to its accessibility and distant collaboration features.
  • On - Premise Based: On- Premise based segment involves software and hardware systems which are deployed and directly monitored within the medical facility. Large medical centers which have specialized funding and infrastructure, usually tend to favor this traditional model. It also provides complete control and data protection, but is usually more costly and less adaptable.

Application Insights

  • Hospitals: Hospitals segment account for the largest market sector as a result of the rise in desire for cutting-edge treatment alternatives and the large patient volume.
  • Ambulatory Radiotherapy Centres: Ambulatory Radiotherapy Centres primarily serve patients in outpatient settings who require less fractions of radiation therapy. Also, these centres have limited funding, so they usually use resource optimization technologies and inexpensive radiation treatment planning solutions.
  • Cancer Research Institutes: Cancer Research Institutes utilize solutions which are adjustable and can support a variety of research procedures and experimental workflows in order to be used within CRIs.

Regional Insights:

Regional Insights - Radiation Treatment Planning Solutions Market

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Radiation Treatment Planning Solutions Market Regional Insights

  • North America market is estimated to witness a significantly high revenue share over the forecast period, owing to increased reliance of medical professionals on advanced disease platforms, rise in cancer cases, growing emphasis of individualized treatment and AI-powered solutions, and a significant presence of key players in the region.
  • Europe market holds the highest share of radiation treatment planning solutions after North America due to increase in research and development efforts, rising healthcare expenditure, and growing accessibility to more precise and effective cancer treatments.
  • Asia Pacific market is estimated to witness fastest revenue share due to increasing prevalence of cancer patients, increasing expenditure on healthcare facilities, and also rise in government funding for healthcare facilities is increasing accessibility to cutting-edge cancer treatment technology like radiation treatment planning solutions in the region.
  • Latin America market is an emerging region for the radiation treatment planning solutions and is expected to rise steadily with growing cancer incidences, increase in healthcare expenditure, and growing government initiatives to boost the development of medical infrastructure.
  • Middle East & Africa market is expected to show a continuous growth rate and represents that it is a developing market. The growth can be credited to the rise in demand for cutting-edge systems which is also being driven by an increasing understanding of the significance of receiving high-quality cancer therapy.

Report Scope:

Attribute

Details

Market Size 2024

US$ 407.6 million

Projected Market Size 2034

US$ 862.4 million

CAGR Growth Rate

8.6%

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Million & CAGR from 2024 to 2034

Market Segmentation

By Product Type - Cloud-Based and On-premise

By Application - Hospitals, Ambulatory Radiotherapy Centres, and Cancer Research Institutes

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Radiation Treatment Planning Solutions Market report based on Product Type, Application and region:

Radiation Treatment Planning Solutions Market, By Product Type:

  • Cloud - Based
  • On - Premise Based

Radiation Treatment Planning Solutions Market, By Application:

  • Hospitals
  • Ambulatory Radiotherapy Centres
  • Cancer Research Institutes

Radiation Treatment Planning Solutions Market, By Region:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa

Global Radiation Treatment Planning Solutions Key Players

The key players operating the Radiation Treatment Planning Solutions Market includes, Philips AG, Elekta AB, Varian Medical Systems, Inc., Prowess, Inc., RaySearch Laboratories AB, Brainlab AG, Siemens Healthineers, Inc., Mirada Medical Ltd., Lifeline Software, Inc., and MIM Software, Inc.

Global Radiation Treatment Planning Solutions Company Profile

  • Philips AG
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Elekta AB
  • VarianMedical Systems, Inc. 
  • Prowess, Inc.
  • RaySearch Laboratories AB 
  • Brainlab AG
  • Siemens Healthineers, Inc.
  • Mirada Medical Ltd.
  • Lifeline Software, Inc.
  • MIM Software, Inc.

“*” marked represents similar segmentation in other categories in the respective section.

Global Radiation Treatment Planning Solutions Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Preview
    • Executive Summary
    • Key Findings—Global Outlook for medical carts Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Product Type
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restrains
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Radiation Treatment Planning Solutions Market, By Product Type, Forecast Period up to 10 Years, (US$ Bn)
  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Cloud-Based
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • On-premise
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  1. Radiation Treatment Planning Solutions Market, By Application, Forecast Period up to 10 Years, (US$ Bn)
  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Hospitals
    • Buildings Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Ambulatory Radiotherapy Centers
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Cancer Research Institutes
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  1. Radiation Treatment Planning Solutions Market, By Region, Forecast Period up to 10 Years, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
      • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
    • U.S.
    • Canada
  • Europe
    • Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • UK
      • France
      • Germany
      • Russia
      • Italy
      • Rest of Europe
  • Asia Pacific
    • Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • India
      • Japan
      • South Korea
      • China
      • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years

 

  • GCC
  • Israel
  • South Africa
  • Rest of Middle East
  1. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  2. Company Profiles 
  • Philips AG
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Elekta AB
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • VarianMedical Systems, Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Prowess, Inc
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • RaySearch Laboratories AB
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Brainlab AG
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Siemens Healthineers, Inc
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Mirada Medical Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Lifeline Software, Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • MIM Software, Inc
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  1. The Last Word
    • Future Impact
    • About Us
    • Contact

FAQs

The radiation treatment planning solutions market report segments the market on the basis of product type, application, and region.

High implementation costs, complexity in integration with existing systems, and limited accessibility in certain regions are restraints in the Radiation Treatment Planning Solutions Market.

Growing incidence of cancer, advancements in radiotherapy techniques, and increasing demand for personalized cancer treatment drive the Radiation Treatment Planning Solutions Market globally.

By region, the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period.

Philips AG, Elekta AB, VarianMedical Systems, Inc.,Prowess, Inc., RaySearch Laboratories AB, Brainlab AG, Siemens Healthineers, Inc., Mirada Medical Ltd., Lifeline Software, Inc., MIM Software, Inc.