Medical Linear Accelerator Market Size (2024 - 2029)

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).