Fact.MR – A Market Research and Competitive Intelligence Provider: As per latest Fact.MR analysis, the global brachytherapy devices market size is expected to surpass US$ 900 Mn through 2019.
3D Image-Guided Brachytherapy (3D-IGBT) to Become a Standard Therapy for Cervical Cancer in Brachytherapy Devices Market
Fact.MR’s latest report on brachytherapy devices market offers compelling insights on key factors expected to fuel demand through 2030. The report further attempts to uncover various emerging opportunities across leading segments in terms of product type, indication, dose rate, end user and region. The report also highlights strategies adopted by prominent players to dominate the market.
Fact.MR – A Market Research and Competitive Intelligence Provider: As per latest Fact.MR analysis, the global brachytherapy devices market size is expected to surpass US$ 900 Mn through 2019. With surging demand for brachytherapy devices across hospitals and cancer treatment centers, the overall market is anticipated to expand at 8% CAGR between 2020 and 2030.
Growth in the brachytherapy devices market is driven by rising prevalence of cancer, advancement in brachytherapy devices, and growing awareness regarding the availability of cancer treatments.
Brachytherapy devices are extensively used during radiotherapy cancer treatment procedure (brachytherapy). These devices offer various advantages such as higher precision and safe nature. They also limit the radiation effects only to cancers tissues or parts.
Further, increasing cancer cases across the globe is propelling the demand for brachytherapy devices. According to the World Health Organization (WHO), around 10 Mn people succumbed due to cancer in 2020. Furthermore, breast cancer is among the most common cancer, with around 2.26 Mn new cases in 2020.
Government and private health organizations across the globe are putting various efforts and initiatives to curb the disease. New initiatives and awareness programs are being launched to educate people about cancer and its treatments.
Want A Detailed Understanding of Market Functioning? Request for a Sample Here
https://www.factmr.com/connectus/sample?flag=S&rep_id=5124
For instance, in March 2021, WHO introduced the Global Breast Cancer Initiative, with the objective of reducing global breast cancer mortality by 2.5% per year until 2040, thereby averting an estimated 2.5 million deaths. This is positively impacting the brachytherapy devices market growth.
As per Fact.MR, cervical cancer segment is expected to lead the brachytherapy devices market on the back of increasing cases of cervical cancer across the world. Brachytherapy has also emerged as an ideal minimally invasive procedure for the treatment of cervical cancer.
Adoption of 3D image guided procedures using MRI, CT and PET has taken brachytherapy to a new level in terms of controlling dose and demonstrating excellent clinical outcome. 3D Image-guided brachytherapy (3D-IGBT) is being increasing employed for treating cervical cancers, especially in East and South Asia.
Regionally, North America will continue to dominate the internal radiation therapy devices market with over 40% share. Growth in the region is attributed to rising cancer patient pool, strong presence of leading market players and favorable government policies.
Within North America, the U.S. is emerging as the most lucrative market for brachytherapy devices, owing to the surging cases of cancer and heavy presence of medical device companies.
“Amid rising cancer cases worldwide, key players are leveraging various strategies such as product expansion and mergers to increase their sales. Furthermore, rising government initiatives to reduce the global cancer burden is favoring the growth in the market,” says a Fact.MR analyst
Key Takeaways from Brachytherapy Devices Market Survey
- North America is expected to dominate the brachytherapy devices market, accounting for over 2/5th of market share in 2021.
- With increasing government support and rising demand for radiotherapy machines, India and China are expected to register the fastest growth during the forecast period.
- The U.K. and Germany, collectively, will exhibit strong growth on the back of growing awareness and increasing prevalence of cancer cases.
- By product type, applicators segment is expected to expand at a CAGR of 8.4% over the forecast period.
- Based on end-user, hospitals segment accounts for over 60% share in the global brachytherapy devices market.
Key Drivers
- Advanced product launches and approvals will continue to support the growth of brachytherapy devices market in the future.
- Growing awareness among people coupled with increasing spending by government to reduce the global burden of cancer is creating lucrative growth opportunities for the market
- Increasing preference for minimally invasive procedures will propel the demand for brachytherapy devices.
Key Restraints
- Lack of skilled radiotherapy professionals is restraining the growth in the market.
Need more information about Report Methodology of Brachytherapy Devices Market? Ask here
https://www.factmr.com/connectus/sample?flag=RM&rep_id=5124
Competitive Landscape
Leading players operating in the brachytherapy devices market are focusing on expanding their global presence by means of new product launches and stabilizing the product costs. Besides this, they have adopted various strategies such as mergers, partnerships and acquisitions to increase dominate the market.
- In April 2020, Elekta launched Geneva, the first universal gynecological applicator for brachytherapy. Geneva offers an adaptable solution that will accommodate most female pelvic anatomies. It is an ideal product for precise treatment of gynecological cancers.
- In February 2019, Varian unveiled new Bravos afterloader system for high-dose-rate (HDR) brachytherapy. Bravo is an integrated system designed to simplify brachytherapy treatment, provide greater workflow efficiency and improve the experience of patients.
Some of the prominent players operating in the brachytherapy devices market profiled by Fact.MR are:
- Boston Scientific Corporation
- C.R. Bard Inc.
- CIVCO Medical Instruments Co. Inc.
- Cook Medical
- BEBIG
- Eckert & Ziegler
- Elekta AB
- Theragenics Corporation
- Varian Medical Systems Inc.
- iCAD Inc.
- Others
More Insights on the Global Brachytherapy Devices Sales Outlook
Fact.MR provides an unbiased analysis of brachytherapy devices market, presenting historical demand data (2015-2019) and forecast statistics for the period from 2020-2030. The study divulges compelling insights on the global demand for brachytherapy devices with a detailed segmentation on the basis of:
Product Type
- Brachytherapy Afterloaders
- Brachytherapy Applicators
- Intracavitary Applicators
- Interstitial Applicators
- Others
Indication
- Prostate Cancer
- Breast Cancer
- Cervical Cancer
- Skin Cancer
- Others
Dose Rate
- High Dose Rate (HDR) Brachytherapy
- Low Dose Rate (LDR) Brachytherapy
- Pulse Dose Rate (PDR) Brachytherapy
- Others
End User
- Hospitals
- Cancer Treatment Centers
- Others
Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Key Questions Covered in the Brachytherapy Devices Market Outlook Report
- The report offers insight into brachytherapy devices demand outlook for 2020-2030
- The market study also highlights projected sales growth for brachytherapy devices market between 2020 and 2030
- Brachytherapy devices market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
- Brachytherapy devices market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others
Explore Fact.MR’s Coverage on the Healthcare Domain –
Image Guided Radiotherapy Market Analysis - Image Guided Radiotherapy (IGRT) is any imaging performed prior to or during treatment that prompts an activity that can increase or verify radiotherapy precision. The use of various scans and X-rays to treat a cancerous tumor is known as image guided radiotherapy. The global imaging guided radiotherapy market is growing at an exponential rate, owing to the increasing prevalence of malignant growth and increased interest in cutting-edge therapies, which is the primary driver of the imaging guided radiotherapy market. The market is being driven by the rising prevalence of cancer and quick advancements in disease treatment.
Radiotherapy Devices Market Forecast - The global cancer incidence rate is predicted to skyrocket in the next years, owing to the introduction of new consequences resulting from exposure to harmful elements. The need for radiotherapy devices will continue to rise as radiotherapy becomes more widely used in cancer treatment. Radiotherapy devices are advocated for in oncological cancer treatment because they reduce hospital stay, efficiently control tumor growth, and expose patients to less radiation. Medical device manufacturers are projected to contribute more to product innovation in the global market for radiation devices in the future.
Medical Radiation Detection, Monitoring and Safety Market Scope - Radiation has become an important component of modern medical care, particularly in the treatment of cancer. In the ever-changing modern medical environment, radiation protection for doctors, other healthcare personnel, and patients is always evolving. The rising use of nuclear medicine and radiation therapy for diagnosis and treatment, as well as the growing number of diagnostic imaging centers, the rising prevalence of cancer, and the growing number of people covered by insurance, are expected to propel the medical radiation detection, monitoring, and safety market forward.
About Fact.MR
Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range – from automotive & industry 4.0 to healthcare, technology to even the most niche categories. 80% of Fortune 1000’s trust us in critical decision making.
MarketNgage is powered by Fact.MR – our Unified Intelligence Engine, a revolutionary Market Research Subscription platform with a flexible pricing to suit your needs.
You can access all our healthcare research reports by signing up with MarketNgage’s Market Research Subscription with FREE credits. MarketNgage is powered by Fact.MR – A Fully integrated research solution for seamless single-window access Widest coverage on emerging markets, nascent products, and disruptive technologies.
Contact:
Mahendra Singh
US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E: sales@factmr.com
Source: Fact.MR