Radiation Oncology Market Worth $11.7 Billion By 2028 | CAGR: 7.0%
Radiation Oncology Industry Overview The global radiation oncology market size is expected to reach USD 11.7 billion by 2028, registering a CAGR of 7.0% over the forecast period, according to a new report by Grand View Research, Inc. The rising incidence of cancer and technological advancement in radiation therapy equipment are some of the major factors driving the growth of the market. Radiation Oncology Market Segmentation Grand View Research has segmented the global radiation oncology market on the basis of type, technology, application, and region: Based on the Type Insights, the market is segmented into EBRT, Proton Therapy, Internal Beam Radiation Therapy. The External Beam Radiation Therapy (EBRT) segment dominated the market for radiation oncology and accounted for the largest revenue share of 79.3% in 2020 owing to the relatively higher price of equipment and high installed base of external beam radiation therapy equipment. EBRT is the most widely used fo...