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Global radiotherapy market is projected to attain a revenue of $17,194.4 million by 2030, advancing at an 8.4% CAGR during 2020-2030.
A major factor leading to the growth of the market is the increasing healthcare expenditure around the world. A number of developing and developed countries are significantly investing in the industry for upgrading their healthcare systems.
As per the World Bank Group, the worldwide healthcare expenditure rose to 9.9% of the global gross domestic product in 2017 from 8.6% in 2000. This rise in the healthcare expenditure is predicted to lead to upgraded infrastructure, such as installation of innovative medical systems in different healthcare settings. The disruption of the supply chain, however, due to the current pandemic situation has slowed down the growth of the market across the globe. Lockdown in various parts of the world has resulted in the shutdown of a number of m