PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1223360
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1223360
Global Brachytherapy Market Overview
According to SPER Market Research, the Global Brachytherapy Market is estimated to reach USD 1.84 billion by 2032 with a CAGR of 7.33%.
Brachytherapy equipment is recommended over other radiation therapy equipment for cancer therapy because patients treated with this equipment have a low chance of experiencing a future relapse. Image Guided Brachytherapy (IGBT) and Pulse Dose Rate are two other contemporary brachytherapy techniques (PDR). Brachytherapy is currently enabled by programming agreements that enable the providers of medical services to legally provide and schedule brachytherapy for patients. In the previous years, the prostate cancer market was anticipated to dominate and account for the largest income share. Brachytherapy is a viable treatment option for all individuals with confined prostate cancer development, both when used alone and in conjunction with outer bar radiation therapy. The category is being driven by the promising applications of brachytherapy in the treatment of prostate cancer. During the projection period, a significant CAGR is anticipated for the breast cancer brachytherapy application segment. One of the main factors propelling the development of this market is the growing usage of brachytherapy in Accelerated Partial Breast Irradiation (APBI). Additionally, the growing incidence of breast cancer is anticipated to fuel the growth of this market.
Impact of COVID-19 on the Global Brachytherapy Market
Global healthcare systems have been impacted by the COVID-19 epidemic, and the market for brachytherapy equipment has also been significantly impacted. According to last year study titled "The Impact of COVID-19 on Brachytherapy," Advances in radiation oncology allowed six patients with unfavourable intermediate- and high-risk diseases to elect to receive EBRT followed by a brachytherapy boost, and since elective surgeries had to be postponed within the system due to the pandemic, four patients were treated with brachytherapy instead. The majority of cancer patients were safely treated with just minimal treatment delays and disruptions, despite the difficulties the healthcare system experienced throughout the epidemic. Therefore, they were considerably impacted as a result of the restrictions imposed by COVID-19. However, the need for brachytherapy equipment is anticipated to increase due to the rise in cardiac procedures.
Scope of the Report:
Report Metric Details
Market size available for years 2019-2032
Base year considered 2021
Forecast period 2022-2032
Segments covered By Product, By Dosage Type, By End User, By Application.
Regions covered Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
Companies Covered Argon Medical Devices, Becton, Best Vascular, Carl Zeiss Meditec AG, CIVCO MEDICAL SOLUTIONS, Dickinson and Company, Eckert & Zieglet BEBIG A.G, Elekta AB, iCAD Inc, Isoray Inc, Panacea Medical Technology Pvt. Ltd., RadiaDyne, SUN NUCLEAR CORPORATION, Theragenics Corporation, VARIAN MEDICAL SYSTEMS, Inc.
Global Brachytherapy Market Segmentation:
By Product: Based on the Type, Global Brachytherapy Market is segmented as; (Applicators & Afterloaders, Electronic Brachytherapy, Seeds)
By Dosage: Based on the Dosage, Global Brachytherapy Market is segmented as;(High-Dose Rate (HDR)Brachytherapy, Low-Dose Rate (LDR)Brachytherapy)
By End User: Based on the End User, Global Brachytherapy Market is segmented as; (Hospitals, Specialty Clinics, Others)
By Application: Based on the Application, Global Brachytherapy Market is segmented as; (Breast Cancer, Gynecological Cancer, Prostate Cancer, Others)
By Region: The regions of Asia Pacific, North America, Latin America, Europe, and the Middle East & Africa make up the worldwide market. Due to the significant presence of major international players and the widespread use of cutting-edge brachytherapy technologies by healthcare facilities in the region, North America is anticipated to dominate the market during the forecast period.