Market Comeback of Radiation Therapy

The diagnostic imaging market as a whole has experienced its ups and downs through the last 4 years. With the economy going through major ups and downs no single sector or market has been spared. It’s clear that, while emerging markets are alive and well for diagnostic imaging, there is a bit of a lull. The projections do show that diagnostic imaging equipment sales will grow to a 30 billion dollar industry over the next five years. Every sub-sector of medical technologies such as MRI scanners, CT scanners, X-Ray machines, has had its own improvements. There is the advent of hybrid technology, dosage adjustment, and 3D and 4D technology.

Radiation therapy is now making a financially impressive comeback. Radiotherapy facilities are looking at upgrades in existing units and improvements on others. Radiation therapy facilities are looking at budgets of over 2 million dollars and have been in increasing numbers for the last 3 years. This development is great news for sales in the med tech sector.

As time moves on and statistics continue to change, it’s easy to see that the improvement in the radiation therapy market is only going to boost growth. What this means is not only an increase in sales of new and refurbished equipment, but also a boost in R&D budgets in order to further improve radiation therapy technology. The boost in budgets also means a boost for people that serve radiation therapy facilities in repair.