Radiation Oncology Market by Type, by Application, Global Opportunity Analysis and Industry Forecast, 2021-2030

 According to the report, the global radiation oncology industry was estimated at $7.79 billion in 2021, and is anticipated to hit $15.23 billion by 2030, registering a CAGR of 7.8% from 2022 to 2030. The report offers an explicit analysis of the changing market trends, top segments, key investment pockets, value chain, competitive scenario, and regional landscape.

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Covid-19 situation -

Although the Covid-19 pandemic has hit the healthcare industry hard, not all sectors have been affected. Many hospitals around the world have turned into Covid-19 hospitals to treat affected patients. And, lack of hospitals and surgeons is a major obstacle for the radiation oncology market.
However, as barriers were removed and the market began to open up to the public, the radiation oncology industry began to recover rapidly.

High costs of treatment and rise of new technological errors are expected to hamper the growth of the market growth during the forecasted period. On the contrary, rising mortality rate due to cancer and the need for effective treatment are anticipated to provide opportunities to key players to maintain pace of radiation oncology market in the upcoming years.

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