The brachytherapy global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Brachytherapy Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size -
The brachytherapy market size has
grown strongly in recent years. It will grow from $0.87 billion in 2023
to $0.93 billion in 2024 at a compound annual growth rate (CAGR) of
7.9%. The growth in the historic period can be attributed to increasing
cancer incidence, raising awareness and early detection efforts, growing
awareness of brachytherapy's effectiveness and reduced side effects,
favorable reimbursement policies in various regions, approval and
standardization of brachytherapy procedures and devices.
The brachytherapy market size is expected to see strong growth in the next few years. It will grow to $1.27 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to tailoring treatments based on genetic and molecular profiles, increasing demand due to higher cancer incidence in elderly populations, expansion of healthcare facilities supporting brachytherapy, higher investments in cancer treatment, increasing preference for less invasive therapies. Major trends in the forecast period include innovation in brachytherapy techniques and equipment, personalized medicine, integration of advanced imaging technologies such as MRI and PET-CT for real-time guidance during brachytherapy procedures, growing preference for outpatient brachytherapy procedures, and advanced brachytherapy technology.
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Scope Of Brachytherapy Market
The Business Research Company's reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Brachytherapy Market Overview
Market Drivers -
The
increasing cancer burden is expected to propel the growth of the
brachytherapy market going forward. The cancer burden is rising due to
aging populations, lifestyle changes, and increased exposure to risk
factors such as tobacco, poor diet, and environmental pollutants.
Brachytherapy is used to manage the cancer burden by offering a targeted
and effective treatment option that can be tailored to various types of
cancer, providing localized therapy while minimizing overall treatment
time and side effects. For instance, in January 2022, according to the
American Cancer Society, a US-based cancer awareness non-profit
organization, in the US, an estimated 1.9 million new cancer cases and
609,360 cancer-related deaths are expected, reaching up to approximately
1,670 deaths daily. Globally, the most prevalent cancers include lung,
prostate, colorectal, and breast cancers, constituting 43% of all newly
diagnosed cases. Therefore, the increasing cancer burden will drive the
brachytherapy market.
Market Trends -
Major companies operating
in the brachytherapy market are focused on developing innovative
technological solutions, such as standard afterloader technology, to
enhance treatment precision and efficacy. Standard afterloader
technology in brachytherapy refers to automated devices that deliver
radioactive sources to tumor sites, ensuring precise radiation dose
administration. For instance, in April 2024, Varian Medical Systems, a
US-based medical device manufacturing company, partnered with Maastro, a
US-based radiotherapy clinic, to launch an innovative brachytherapy
applicator designed for accurate delivery of HDR brachytherapy in the
treatment of rectal cancer. The new partially 3D-printed applicator was
co-developed by Maastro radiation oncologists and physicists together
with Varian experts to provide radiotherapists with improved treatment
options for rectal cancer patients. The applicator is designed to
increase contact with the tumor and provide a uniform dose distribution,
with a dose range similar to that of contact X-ray brachytherapy (CXB).
The brachytherapy market covered in this report is segmented –
1) By Product Type: Seeds, Applicators And Afterloaders, Electronic Brachytherapy
2) By Dosage Type: High-Dose Rate (HDR) Brachytherapy, Low-Dose Rate (LDR) Brachytherapy
3) By Application: Prostate Cancer, Gynecological Cancer, Breast Cancer, Other Applications
4) By End-User: Hospitals, Specialty Clinics, Other End-Users
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Regional Insights -
North
America was the largest region in the brachytherapy market in 2023.
Asia-Pacific is expected to be the fastest-growing region in the
forecast period. The regions covered in the brachytherapy market report
are Asia-Pacific, Western Europe, Eastern Europe, North America, South
America, Middle East, Africa.
Key Companies -
Major companies
operating in the brachytherapy market are Siemens Healthineers, Becton
Dickinson and Company, Boston Scientific Corporation, Hologic Inc.,
Varian Medical Systems Inc., Carl Zeiss AG, Elekta, Argon Medical
Devices Inc., Sirtex Medical Limited, Theragenics Corporation, RaySearch
Laboratories, Nanobiotix SA, CIVCO Medical Solutions, Eckert Ziegler
Bebig GmbH, iCAD Inc., IsoAid, C4 Imaging LLC, Mick Radio-Nuclear
Instruments Inc., Huiheng Medical Inc., Best Medical International Inc.,
Cianna Medical Inc.
Table of Contents
1. Executive Summary
2. Brachytherapy Market Report Structure
3. Brachytherapy Market Trends And Strategies
4. Brachytherapy Market – Macro Economic Scenario
5. Brachytherapy Market Size And Growth
…..
27. Brachytherapy Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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