Between 2013 and 2023, the value of radiation therapy equipment in hospitals and ambulatory health care in Belgium has shown a consistent upward trend from 1.68 to 2.01 units per hundred thousand persons. The year-on-year growth rates have varied significantly, peaking at 12% in 2013 but stabilizing around 1.52% by 2023. Notably, the compound annual growth rate (CAGR) over the past five years reflects a steady average annual growth of 1.45%. The forecasted data suggests a continued, albeit slower, rate of growth, with a forecast 5-year CAGR of 0.96%, reaching 2.14 units per hundred thousand persons by 2028.
Future trends to watch for:
- Adoption of advanced radiation therapy technology and techniques.
- Increased integration of AI and machine learning in treatment planning and delivery.
- Shifts in healthcare policy and funding for oncology treatments.
- Impact of demographic changes, particularly the aging population, on demand for radiation therapy services.
- Evolving competition among suppliers and advancements in treatment efficacy and patient outcomes.