Brachytherapy market players and analysis by type, by device and by application – forecast till 2030. According to Market Research Future’s most recent study, over the forecast period from 2023 to 2030, the global brachytherapy market is anticipated to grow at a strong 7.9% CAGR (MRFR). The research report provides readers with a thorough overview of the market by outlining its historical growth trajectory, current circumstances, and potential for future expansion. The worldwide brachytherapy market is detailed in great detail in the analysis. In order to give readers a thorough insight of the market’s historical growth trajectory, the study includes historical statistics for the brachytherapy market.
Analysts have a strong foundation on which to make their future market estimates thanks to the historical statistics presented in the research. The study gives prospective predictions for the market’s growth trajectory during the forecast period based on this foundation. To provide readers with a thorough insight of the top players in the worldwide brachytherapy market, the report also includes a profile of the major industry participants. To give readers a thorough understanding of what propels the market forward and what inhibits it, the report also profiles the key drivers and restraints influencing the worldwide brachytherapy market.
Brachytherapy is an alternative cancer treatment in which radioactive nuggets are placed close to the area infected with cancer. Brachytherapy is a form of cancer treatment in which a radiation dose is delivered directly to the tumor site via implanted seeds. The method is quick and highly effective, as well as reducing collateral damage, i.e. damage to nearby healthy tissue. Such benefits have led to brachytherapy becoming highly popular for the treatment of cancer. Brachytherapy has been shown to be more effective and less harmful than standard external beam radiation, leading to widespread demand from around the world. Around 15,000 people are expected to require brachytherapy over the coming ten years.
The increasing prevalence of cancer around the world is likely to be a major driver for the global brachytherapy market over the forecast period. Due to the growing popularity of smoking, alcohol, and other causative factors, the prevalence of cancer has grown around the world at a rapid rate. This is likely to drive the demand for brachytherapy over the forecast period. The increasing prevalence of cancer in North America, in particular, is a major driver for the global brachytherapy market as brachytherapy is widely available in North America and less so in other regions.
This report centers about the top global players brachytherapy market
- IsoRay Medical Inc.
- Elekta AB
- Argon Medical Devices Inc.
- R. Bard Inc.
- Eckert & Ziegler
- Varian Medical Systems Inc.
The global brachytherapy market is segmented on the basis of type, device, application, and region.
By type, the global brachytherapy market is segmented into high dose-rate (HDR) brachytherapy, low dose-rate (LDR) brachytherapy, and pulse dose-rate (PDR) brachytherapy.
On the basis of devices, the global brachytherapy market is segmented into brachytherapy after loaders and applicators.
On the basis of application, the global brachytherapy market is segmented into prostate cancer, cervical cancer, breast cancer, skin cancer, and other types of cancer, including esophageal cancer, gynecological cancers, anal/rectal cancer, and head and neck cancer. Prostate and breast cancer are likely to remain important segments for the global brachytherapy market over the forecast period due to the growing prevalence of these types of cancer.
The Americas currently control an unparalleled amount of the world’s brachytherapy market. In 2016, the area accounted for a staggering 55% of the global market for brachytherapy. The Americas region’s dominant market share is mostly because to the existence of numerous significant market participants in the area, which has resulted in the widespread availability of cutting-edge brachytherapy methods there. Over the course of the forecast period, North America’s high healthcare spending is projected to play a significant role in driving the market for brachytherapy there.
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