Market Size of Medical Linear Accelerator Industry
Study Period | 2019 - 2029 |
Market Size (2024) | USD 3.89 Billion |
Market Size (2029) | USD 5.75 Billion |
CAGR (2024 - 2029) | 8.13 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Medical Linear Accelerator Market Analysis
The Medical Linear Accelerator Market size is estimated at USD 3.89 billion in 2024, and is expected to reach USD 5.75 billion by 2029, growing at a CAGR of 8.13% during the forecast period (2024-2029).
Medical linear accelerators are sophisticated radiation therapy devices used by healthcare providers to deliver highly targeted cancer treatments for cancer patients. Factors such as the increasing burden of cancer across the globe, coupled with growing advancements in linear accelerators and increasing demand from emerging markets, are expected to facilitate market expansion over the forecast period.
The increasing burden of cancer across the globe is expected to foster the uptake of external beam radiation therapy, which in turn is projected to accelerate demand for medical linear accelerators. For instance, according to the American Cancer Society, the estimated number of new cancer cases ramped up from 1.9 million in 2023 to 2.0 million in 2024. The most common type of cancers diagnosed in 2023 were breast, lung, and hematological malignancies.
Similarly, according to the estimates from the National Cancer Institute of Brazil, around 704 thousand new cancer cases are expected to be diagnosed between 2023 to 2025 except non-melanoma skin cancer. Thus, such an alarming burden of cancer is projected to accelerate the uptake of radiation therapies, which in turn is expected to fuel the adoption of medical linear accelerators over the study period.
Moreover, technological advancements in medical linear accelerators and several advantages associated with medical linear accelerators are projected to accelerate industry growth over the projection period. For instance, according to an article published by Frontiers in Oncology in January 2023, several advancements are being made in medical linear accelerators to manage organ motion and dose delivery in real time for better outcomes during radiation therapy. Thus, such advances are expected to promote the uptake of these accelerators, which in turn are projected to boost the market growth.
In addition, according to the above-mentioned source, the ongoing improvements in medical linear accelerators reduced toxicity and improved clinical applications with Intensity Modulated Radiation Therapy (IMRT), and Volumetric Modulated Arc Therapy (VMAT). Thus, such significant benefits associated with linear accelerators are projected to augment market growth over the projection period.
Furthermore, several strategic initiatives undertaken by market participants to foster their business avenues are another factor projected to fuel market growth. For instance, in July 2023, GE Healthcare collaborated with Elekta to expand access to precision radiation therapy solutions, including linear accelerators in India. Thus, such activities are poised to drive industry growth over the study period.
Thus, the above-mentioned such, as the alarming increase in the burden of cancers, technological advancements in products, and several strategic initiatives undertaken by industry participants are projected to boost market growth over the study period. However, the higher cost and slow adoption in developing economies is expected to hinder market growth over study period.
Medical Linear Accelerator Industry Segmentation
As per the report's scope, a medical linear accelerator uses high-energy X-rays and takes the shape of a tumor to destroy it while leaving healthy cells. It is commonly used in external radiotherapy.
The Medical Linear Accelerator Market is Segmented by Product Type, Treatment Type, and Geography. The market is segmented as dedicated linear accelerator and non-dedicated linear accelerator based on product type. Based on treatment type the market is segmented into, intensity-modulated radiation therapy, volumetric modulated arc therapy, image-guided radiation therapy, and stereotactic radiosurgery/stereotactic body radiotherapy. The report also covers the market sizes and forecasts for the medical linear accelerator market in major countries across different regions. For each segment, the market size is provided in terms of value (USD).
By Product Type | |
Dedicated Linear Accelerator | |
Non-Dedicated Linear Accelerator |
By Treatment Type | |
Intensity Modulated Radiation Therapy | |
Volumetric Modulated Arc Therapy | |
Image Guided Radiation Therapy | |
Stereotactic Radiosurgery/Stereotactic Body Radiotherapy |
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Medical Linear Accelerator Market Size Summary
The medical linear accelerator market is poised for significant growth, driven by the increasing global cancer burden and advancements in radiation therapy technology. These sophisticated devices are essential for delivering targeted cancer treatments, and their demand is expected to rise due to the growing incidence of cancer worldwide. Technological innovations, such as real-time organ motion management and dose delivery improvements, are enhancing the efficacy of these accelerators, thereby boosting their adoption. Additionally, strategic collaborations and initiatives by key industry players are further propelling market expansion. However, challenges such as high costs and slow adoption in developing regions may impede growth.
North America is anticipated to experience robust growth in the medical linear accelerator market, supported by a rising cancer incidence and increased demand for radiation therapy. The region benefits from substantial funding and strategic initiatives aimed at advancing radiation therapy solutions. The introduction of advanced therapies like intensity-modulated radiotherapy (IMRT) is also contributing to market growth, offering improved treatment outcomes and reduced toxicity. Key players in the market are actively engaging in new product launches and collaborations to strengthen their market position. Despite the semi-consolidated nature of the market, these efforts are expected to drive significant growth over the forecast period.
Medical Linear Accelerator Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Growing Burden of Cancer Diseases
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1.2.2 Advancement in Product Development
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1.3 Market Restraints
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1.3.1 Stringent Regulatory Framework and Shortage of Trained Professionals
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1.4 Porter's Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value – USD)
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2.1 By Product Type
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2.1.1 Dedicated Linear Accelerator
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2.1.2 Non-Dedicated Linear Accelerator
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2.2 By Treatment Type
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2.2.1 Intensity Modulated Radiation Therapy
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2.2.2 Volumetric Modulated Arc Therapy
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2.2.3 Image Guided Radiation Therapy
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2.2.4 Stereotactic Radiosurgery/Stereotactic Body Radiotherapy
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.2 Europe
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2.3.2.1 Germany
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2.3.2.2 United Kingdom
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2.3.2.3 France
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2.3.2.4 Italy
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2.3.2.5 Spain
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2.3.2.6 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 Australia
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2.3.3.5 South Korea
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2.3.3.6 Rest of Asia-Pacific
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2.3.4 Middle East and Africa
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2.3.4.1 GCC
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2.3.4.2 South Africa
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2.3.4.3 Rest of Middle East and Africa
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2.3.5 South America
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2.3.5.1 Brazil
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2.3.5.2 Argentina
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2.3.5.3 Rest of South America
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Medical Linear Accelerator Market Size FAQs
How big is the Medical Linear Accelerator Market?
The Medical Linear Accelerator Market size is expected to reach USD 3.89 billion in 2024 and grow at a CAGR of 8.13% to reach USD 5.75 billion by 2029.
What is the current Medical Linear Accelerator Market size?
In 2024, the Medical Linear Accelerator Market size is expected to reach USD 3.89 billion.