Global Radiation Oncology Market Size & Outlook, 2026-2033
Global radiation oncology market, 2021-2033 (US$M)
Related Markets
Global radiation oncology market highlights
- The global radiation oncology market generated a revenue of USD 14,032.1 million in 2025 and is expected to reach USD 33,094.5 million by 2033.
- The market is expected to grow at a CAGR (2026 - 2033) of 11.4% by 2033.
- In terms of segment, external beam radiation therapy (ebrt) accounted for a revenue of USD 11,356.6 million in 2025.
- Systemic Targeted Radiation Therapy is the most lucrative treatment type segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2025.
- Country-wise, India is expected to register the highest CAGR from 2026 to 2033.
Global data book summary
| Market revenue in 2025 | USD 14,032.1 million |
| Market revenue in 2033 | USD 33,094.5 million |
| Growth rate | 11.4% (CAGR from 2026 to 2033) |
| Largest segment | External beam radiation therapy (ebrt) |
| Fastest growing segment | Systemic Targeted Radiation Therapy |
| Historical data covered | 2021 - 2024 |
| Base year for estimation | 2025 |
| Forecast period covered | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | External Beam Radiation Therapy (EBRT), Internal Beam Radiation Therapy, Systemic Targeted Radiation Therapy |
Other key industry trends
- In terms of revenue, the North America accounted for 46.2% of the global radiation oncology market in 2025.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2033.
- By country, India is the fastest growing regional market and is projected to reach USD 907.2 million by 2033.
External beam radiation therapy (ebrt) was the largest segment with a revenue share of 80.93% in 2025. Horizon Databook has segmented the Global radiation oncology market based on external beam radiation therapy (ebrt), internal beam radiation therapy, systemic targeted radiation therapy covering the revenue growth of each sub-segment from 2021 to 2033.
North America radiation oncology market is expected to be driven by factors such as rising incidence of cancer, growing geriatric population, high healthcare expenditure, and supportive government funding. In addition, presence of organizations such as the American Society for Radiation Oncology (ASTRO), world’s largest radiation oncology society with over 10,000 members including radiation therapists, biologists, nurses,
The society aims to improve patient care through training and education. It also promotes continuous cancer research and new approaches involved in radiation treatment and encourages adoption of radiation oncology.
Governments in North American countries are focusing on increasing the production of medical isotopes and therefore, are creating opportunities for manufacturers of nuclear medicines to expand their distribution networks.
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Radiation Oncology Market Scope
Radiation Oncology Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| ViewRay | View profile | 251-500 | Oakwood, Ohio, United States, North America | http://www.viewray.com |
| Curium Pharma | View profile | 1001-5000 | Paris, Ile-de-France, France, Europe | https://www.curiumpharma.com/contact/ |
| Ntp Radioisotopes | View profile | 251-500 | Brits, NA - South Africa, South Africa, Africa | https://www.ntp.co.za/ |
| Nordion | View profile | 251-500 | Kanata, Ontario, Canada, North America | http://nordion.com |
| MeVis Medical Solutions AG | View profile | 101-250 | Bremen, Bremen, Germany, Europe | http://www.mevis.de/ |
| IBA RadioPharma Solutions | View profile | 1001-5000 | Louvain-la-neuve, Vlaams-Brabant, Belgium, Europe | https://www.iba-radiopharmasolutions.com/ |
| Accuray Inc | View profile | 1024 | 1240 Deming Way, Madison, WI, United States, 53717 | https://www.accuray.com |
| IsoRay | View profile | 51-100 | Richland, Washington, United States, North America | https://isoray.com/ |
| Elekta AB ADR | View profile | 4584 | Kungstensgatan 18, Box 7593, Stockholm, Sweden, SE-103 93 | https://www.elekta.com |
| BD | View profile | 10001+ | Franklin Lakes, New Jersey, United States, North America | https://www.bd.com |
| Siemens Healthineers AG ADR | View profile | 71400 | Siemensstr. 3, Forchheim, BY, Germany, 91301 | https://www.siemens-healthineers.com |
Global radiation oncology market size, by regions, 2021-2033 (US$M)
Top 10 countries: Radiation oncology market size, 2020 (US$M)
Global radiation oncology market share, by type, 2020 & 2028 (%, US$M)
Radiation oncology market: Opportunity assessment by country
Global radiation oncology market, by region, 2025 (US$M)
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