Market characteristics
Americas
The U.S.
- World’s largest established radiotherapy market by revenue
- Mix of both private and public health systems
- High healthcare costs drive focus on productivity and reimbursement
- Innovating in value-based healthcare, AI-based technologies
Canada
- Primarily an established market
- Universal healthcare is driven by governmental province purchase
- Interest in advanced technologies
Latin America
- An expansion market in the Americas with growth potential
- Both private and universal public healthcare systems
- Highly price sensitive due to varied reimbursement systems
EMEA
Western Europe
- Mainly public customers
- Private sector growing steadily
- Customers interested in long-term partnership agreements
- A replacement market
- Focus on new technology and efficiency
- Increasing demand for service and value-added services
Eastern Europe, Middle East and Africa
- Expansive markets due to high radiation therapy gaps
- Investments often funded by national healthcare programs and large private organizations
- Medical health tourism drives adoption of new technology
- Around half of market in Middle East and Africa is public
APAC
China
- An expansion market, but increasing replacement investments
- Customers both public and private
- Increasing demand for hypofractionation
- Lack of professionals drives demand for AI empowered radiotherapy solutions
India
- Underserved market with a growing need for local high-quality radiotherapy treatments at low cost
- Customers are mainly private, but the public is also activated
- Low healthcare spending as a percentage of GDP
- Important destination for medical tourism
Japan
- A replacement market
- Expansion potential as only 25–30 percent of cancer patients receive radiotherapy
- High penetration of Leksell Gamma Knife systems
Other markets
Underserved markets
- High and growing cancer incidences, increasing life expectancy, more effective cancer diagnostics
- Lack of qualified professionals
Mature markets
- High cancer care capacity
- Quick to adopt new technology