Latin America Radiation Oncology Market Size & Outlook
Global Market
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Latin America radiation oncology market highlights
- The Latin America radiation oncology market generated a revenue of USD 682.0 million in 2025.
- The market is expected to grow at a CAGR of 12% from 2026 to 2033.
- In terms of segment, external beam radiation therapy (ebrt) was the largest revenue generating treatment type in 2025.
- Systemic Targeted Radiation Therapy is the most lucrative treatment type segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2026 to 2033.
Latin America data book summary
| Market revenue in 2025 | USD 682.0 million |
| Market revenue in 2033 | USD 1,682.4 million |
| Growth rate | 12% (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 |
| Key market players worldwide | Siemens Healthineers AG ADR, Elekta AB ADR, BD, Accuray Inc, IBA RadioPharma Solutions, IsoRay, MeVis Medical Solutions AG, Nordion, Ntp Radioisotopes, Curium Pharma, ViewRay |
Other key industry trends
- In terms of revenue, Latin America region accounted for 4.9% of the global radiation oncology market in 2025.
- Globally, North America is projected to lead the regional market in terms of revenue in 2033.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 7,241.2 million by 2033.
Rising incidence of cancer and rise in mortality rates due to the disease are expected to fuel the market growth. According to the Pan American Health Organization, cervical cancer is the most common cause of deaths in Latin America and Caribbean region.
It is estimated that more than 56,000 women are diagnosed with cervical cancer, and more than 28,000 die from this disease in this region every year. The mortality rate is three times higher in this region in comparison with North America.
Hence, IAEA Division of Human Health is supporting early diagnosis and treatment of cancer using diagnostic imaging and radiation therapy (EBRT & Brachytherapy) in this region. In addition, presence of key market players such as ElektaAB and Varian Medical Systems.
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Publish Date: Mar 26, 2026
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Radiation Oncology Market Scope
Radiation Oncology Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Siemens Healthineers AG ADR | View profile | 71,400 | Siemensstr. 3, Forchheim, BY, Germany, 91301 | www.siemens-healthineers.com |
| BD | View profile | 10001+ | Franklin Lakes, New Jersey, United States, North America | www.bd.com |
| Elekta AB ADR | View profile | 4,584 | Kungstensgatan 18, Box 7593, Stockholm, Sweden, SE-103 93 | www.elekta.com |
| IsoRay | View profile | 51-100 | Richland, Washington, United States, North America | isoray.com/ |
| Accuray Inc | View profile | 1,024 | 1240 Deming Way, Madison, WI, United States, 53717 | www.accuray.com |
| IBA RadioPharma Solutions | View profile | 1001-5000 | Louvain-la-neuve, Vlaams-Brabant, Belgium, Europe | www.iba-radiopharmasolutions.com/ |
| MeVis Medical Solutions AG | View profile | 101-250 | Bremen, Bremen, Germany, Europe | www.mevis.de/ |
| Nordion | View profile | 251-500 | Kanata, Ontario, Canada, North America | nordion.com |
| Ntp Radioisotopes | View profile | 251-500 | Brits, NA - South Africa, South Africa, Africa | www.ntp.co.za/ |
| Curium Pharma | View profile | 1001-5000 | Paris, Ile-de-France, France, Europe | www.curiumpharma.com/contact/ |
Latin America Radiation Oncology Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Radiation Oncology Market Outlook will help companies and investors design strategic landscapes.
External Beam Radiation Therapy (Ebrt) was the largest segment with a revenue share of 86.52% in 2025.
Horizon Databook has segmented the Latin America 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.
Rising incidence of cancer and rise in mortality rates due to the disease are expected to fuel the market growth. According to the Pan American Health Organization, cervical cancer is the most common cause of deaths in Latin America and Caribbean region.
It is estimated that more than 56,000 women are diagnosed with cervical cancer, and more than 28,000 die from this disease in this region every year. The mortality rate is three times higher in this region in comparison with North America.
Hence, IAEA Division of Human Health is supporting early diagnosis and treatment of cancer using diagnostic imaging and radiation therapy (EBRT & Brachytherapy) in this region. In addition, presence of key market players such as ElektaAB and Varian Medical Systems.
- Latin America Radiation Oncology Market Treatment Type Outlook (Revenue, USD Million , 2021-2033)
- External Beam Radiation Therapy (EBRT)
- Internal Beam Radiation Therapy
- Systemic Targeted Radiation Therapy
- Latin America Radiation Oncology Market Technology Outlook (Revenue, USD Million , 2021-2033)
- Image-Guided Radiotherapy (IGRT)
- Intensity-Modulated Radiotherapy (IMRT)
- Volumetric Modulated Arc Therapy (VMAT)
- 3D Conformal Radiation Therapy (3D-CRT)
- Stereotactic Radiotherapy (SRS / SBRT)
- Proton Beam Delivery Technology
- Heavy-Ion Delivery Technology
- Adaptive Radiotherapy
- Upright Beam Delivery Technology
- Latin America Radiation Oncology Market Application Outlook (Revenue, USD Million , 2021-2033)
- External Beam Radiation Therapy (EBRT)
- Internal Beam Radiation Therapy
- Radioligand Therapy Applications
- Latin America Radiation Oncology Market Target Customer Outlook (Revenue, USD Million , 2021-2033)
- Academic & Research Cancer Centers
- Government & Public Tertiary Hospitals
- Private Oncology Chains
- Specialty Proton / Particle Therapy Centers
- Nuclear Medicine & Theranostics Centers
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America Radiation Oncology Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Latin America Radiation Oncology Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Latin America Radiation Oncology Market, 2021-2033 (US$M)
Latin America radiation oncology market statistics, by treatment type, 2021-2033 (US$M)
