Hyperthermia Cancer Treatment Market Size Set to Soar USD 358.74 Million by 2034

The hyperthermia cancer treatment market was valued at US$ 187.03 million in 2023 and is projected to reach US$ 358.74 million by 2034, expanding at a compound annual growth rate (CAGR) of 6.1% from 2024 to 2034. 

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Hyperthermia Cancer Treatment Market: Transforming Oncological Care

The hyperthermia cancer treatment market to rise US$ 210.54 million in 2025 and is projected to grow to US$ 283.09 million by 2030. The market is experiencing rapid growth due to the increasing investments in cancer research and the development of novel therapeutics. Hyperthermia, a therapy that increases the temperature of tumors to kill or damage cancer cells, is gaining traction to make traditional cancer treatments, such as chemotherapy and radiation, more effective. It has been very effective, especially in treating such cancers that are considered recalcitrant to traditional treatment methods.

The increasing incidences of cancer worldwide and rising demand for non-invasive therapies are expected to boost market growth in the coming years. According to the World Health Organization (WHO), the burden of cancer is increasing across the globe. One in 5 people worldwide develop cancer during their lifetime, and one in 8 men and one in 11 women die from the disease. Furthermore, rising funding from the government and NGOs for clinical trials and establishing new cancer centers accelerates the development of novel treatments, contributing to market growth.

Major Trends in the Hyperthermia Cancer Treatment Market

Increasing Prevalence of Cancer

The incidence of cancer is constantly rising around the world, which is likely to boost the demand for hyperthermia cancer therapy. According to the WHO, in 2022, there were an estimated 20 million new cancer cases and 9.7 million cancer-related deaths. Lung, breast, and colorectal cancer are the most common types of cancer. Out of all patients with cancer diagnosis, around 2.5 million are diagnosed with lung cancer every year.  

The WHO also states that the worldwide number of cancer cases will reach 35 million by 2050, up 77% annually. This rising burden highlights the need to develop efficient treatments. However, hyperthermia plays a key role in redefining traditional treatments such as chemotherapy and radiation therapy. By heating tumors or cancer tissues, hyperthermia helps chemotherapy work better to treat cancer.

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Technological Developments

Continuous advancements in therapeutic approaches over time have greatly contributed to the increased utilization of hyperthermia treatment. Hyperthermia delivery has been greatly enhanced with new instruments such as the BSD-2000 series. BSD-2000 facilitates accurate heat delivery to solid tumors by applying radiofrequency (RF) energy, reducing the risk of damage to healthy tissue. It also increases the safety and effectiveness of the treatment and results in better patient recovery rates.

Implementing technologies like AI and ML in hyperthermia devices enhances the overall treatment efficacy. These technologies predict and recommend an appropriate treatment according to the patient’s data, making treatment processes more personalized and precise. These technological advancements will expand the application of hyperthermia therapy.

Rising Investment in Research & Development

With the rising burden of cancer worldwide, both public and private sectors are investing in cancer research programs to bring innovations in cancer treatments, creating immense opportunities in the hyperthermia cancer treatment market. National Cancer Institute (NCI) plays a crucial role in cancer research in the U.S., funding about USD 7.6 billion in 2023. The WHO's Global Strategy for Cancer Control also enlists hyperthermia treatment among the tremendously progressive treatments implemented in the worldwide battle against cancer.

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Regional Insights

North America: Pioneering Innovation in Hyperthermia Cancer Treatments

North America dominated the market by capturing the largest share in 2023 due to its well-established healthcare industry. Moreover, the region, particularly the U.S., boasts the highest number of cancer research centers. The U.S. Food and Drug Administration (FDA) has approved several hyperthermia devices, highlighting the importance of these devices in cancer treatment. Additionally, the NCI spends billions of dollars every year on cancer research to innovate cancer treatments, including hyperthermia. The U.S. has a large number of cancer care facilities and institutions, which contribute to regional market expansion.

Analysis of Asia’s Hyperthermia Cancer Treatment Market

Asia Pacific is expected to witness rapid growth in the market in the coming years. The rising burden of cancer led to a high demand for effective treatments. Moreover, increasing demand for non-invasive treatments further boosts regional market growth. Hyperthermia cancer treatment, being non-invasive, is gaining immense popularity in the region due to increased incidences of cancer. Rising government investments in advancing healthcare infrastructure create lucrative opportunities in the market.

Market Segmentation

  • By device type, the microwave hyperthermia device segment dominated the market in 2023, as these devices are regarded as safe and effective for cancer treatment. Furthermore, these devices offer various heating techniques that can be used to treat tumors of different sizes.
  • By application, the breast cancer segment held the dominant share of the hyperthermia cancer treatment market in 2023. This is mainly due to the rise in the incidence of breast cancer worldwide. According to the Breast Cancer Research Foundation, about 2.3 million women were diagnosed with breast cancer worldwide and 670,000 died in 2022.
  • By end-user, the hospitals segment led the global market in 2023. This is mainly due to the easy availability of hyperthermia devices in hospitals. Moreover, hospitals boast qualified healthcare professionals, encouraging patients to receive treatments in this setting.

Competitive Landscape

Market competition is intensifying, with various players focusing on innovation and strategic collaborations. Key players operating in the market include, CION Cancer Clinics, Combat Medical Ltd., First Baptist Medical Center, Haifu Medical Technology Co. Ltd., HCG Oncology, Hyperthermia Cancer Institute, Loyola Medicine, Novavida Integrative Medical Center, Pyrexar Medical, RanD Biotech SpA, Siteman Cancer Center, Sona Nanotech, Inc., Verthermia, and Zhongshan Hospital.

Sona Nanotech, Inc. continues to focus on hyperthermia cancer treatment, raising US$1.643 million in gross proceeds to advance its novel cancer therapy and for general corporate purposes.

Recent Developments

  • In September 2024, researchers in India developed a new heat-based cancer treatment that reduces chemotherapy doses, improving efficacy and minimizing side effects. The Institute of Nano Science and Technology (INST) in Mohali utilized ultra-small magnetic nanoparticles and a heat shock protein inhibitor for effective magnetic hyperthermia therapy.
  • In August 2024, the Hyperthermia Centre, China’s largest hyperthermia center, currently operates 13 hyperthermia devices and plans to expand to 20 by the end of 2024.

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Segments Covered in the Report

By Device Type

  • Microwave Hyperthermia Device
  • Ultrasound Hyperthermia Device
  • Infrared Hyperthermia Device
  • Short-wave Hyperthermia Device

By Application

  • Breast Cancer
  • Liver Cancer
  • Short Tissue Sarcoma
  • Head & Neck Tumor
  • Prostate Cancer

By End-user

  • Hospitals
  • Clinics
  • Research Institutes
  • Cancer Centers

By Region

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East and Africa (MEA)

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