From 2016 to 2023, the number of radiation therapy equipment in the US exhibited fluctuations, with a slight overall growth trend. In 2023, the value stood at 3.88 thousand units. Year-on-year variations ranged from a decrease of -2.08% in 2020 to a rise of 2.57% in 2021. The Compound Annual Growth Rate (CAGR) over the last 5 years was approximately 0.53%. Forecasts predict a gradual increase, reaching 3.92 thousand units by 2028, translating to a forecasted 5-year CAGR of 0.15% and a growth rate of 0.77%.
Future trends to watch for:
- Technological advancements in radiation therapy equipment
- Increased adoption of newer, more efficient equipment
- Impact of healthcare policy changes on equipment procurement
- Market consolidation and economic factors influencing healthcare investments