In 2023, Australia had 321 units of radiation therapy equipment, a slight increase representing a 2.88% year-on-year growth. Over the last five years, the CAGR has been approximately 3.91%, demonstrating consistent moderate growth. The data from 2013 to 2023 indicates variability but an overall increasing trend, with occasional fluctuations like the decrease in 2017 and the significant rise in 2019.
Looking ahead, the forecasted number of units is set to grow to 366 by 2028, with an estimated average yearly growth rate of 2.09%. The forecast 5-year growth rate points to an overall 10.91% increase from 2024 to 2028.
Future trends to watch include advancements in radiation therapy technologies, potential policy changes regarding healthcare funding, and demographic shifts that may impact the demand for such equipment. Additionally, emerging markets and increased healthcare awareness could drive further growth.
