Brachytherapy Devices Market Poised to Grow to US$ 1.9 Bn by 2034, With a 5.9% CAGR: Exclusive Report by Transparency Market Research, Inc.
With Cancer Raising its Fatality Quotient All Across, Demand for Brachytherapy Devices to Increase Manifold in the Near Future
Wilmington, Delaware, United States, Transparency Market Research Inc. -, Aug. 15, 2024 (GLOBE NEWSWIRE) — As per the report published by Transparency Market Research, the global
What’s with Brachytherapy Devices Market Regional Insights?
- North America generated the largest market value in 2023. The region is expected to maintain its dominance during the forecast period as well.
Increasing prevalence of cancer, particularly prostate, breast, and cervical cancers, technological innovations in brachytherapy such as the development of high-dose rate (HDR) brachytherapy and image-guided brachytherapy (IGBT), rise in awareness regarding benefits associated with brachytherapy among patients and oncologists, growing number of specialized cancer treatment centers across North America, surge in government initiatives and funding for cancer treatment research and healthcare infrastructure, and increasingly prefer targeted therapies that minimize damage to surrounding healthy tissues are some of the factors driving brachytherapy devices market share in the region.
In December 2020, The International Agency for Research on Cancer (IARC) report stated that the global cancer burden is estimated to have risen to 19.3 million new cases and 10.0 million deaths in 2020. It further states that 20% of the global population develops cancer during their lifetime, and 1 in 8 men and 1 in 11 women succumb to it.
The same report has also stated that 10 most common cancer types account for more than 60% of the newly diagnosed cancer cases and more than 70% of the cancer deaths. The other set of observations include the fact that female breast cancer is the most commonly occurring cancer worldwide, followed by lung cancer, colorectal cancer, prostate cancer, and stomach cancer.
Key Players
Boston Scientific Corporation, BD, CIVCO Medical Solutions, Cook, BEBIG Medical GmbH, Elekta, Theragenics Corporation, Varian Medical Systems, Inc., and Icad Inc. are some of the leading key players operating in the global industry.
Recent Developments Overseeing Brachytherapy Devices Market
In July 2024, Medanta Hospital based in Gurugram (India) announced an advancement in late-stage cervical cancer treatment with the patenting of its innovative Medanta Anterior Oblique Lateral Oblique (MAOLO) template. This device addresses the need for effective treatment of large tumors (exceeding 100cc) as compared to the commercially available applicators that manage tumors up to 36cc.
Brachytherapy Devices Market
Product Type
- Brachytherapy Afterloaders
- Brachytherapy Applicators
- Intracavitary Applicators
- Interstitial Applicators
- Others
- Others
Dose Rate
- High Dose Rate (HDR) Brachytherapy
- Low Dose Rate (LDR) Brachytherapy
- Pulse Dose Rate (PDR) Brachytherapy
Indication
- Prostate Cancer
- Breast Cancer
- Cervical Cancer
- Skin Cancer
- Others
End-user
- Hospitals
- Cancer Treatment Centers
- Others
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