Brachytherapy Devices Market is projected to accelerate at a CAGR of 7.9% by 2032, owing to the increasing prevalence of cancer | insightSLICE
The market for Brachytherapy Devices was valued at US$ 990 million in 2021 and is anticipated to grow at a CAGR of 7.9% by 2032.
What are the uses of Brachytherapy Devices?
One type of radiation therapy used to treat cancer is called brachytherapy. Internal radiation is a more general term used to describe brachytherapy.
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When compared to the conventional kind of radiotherapy, external radiation rays, which project radiation from a device from the outside body, brachytherapy enables medical professionals to deliver higher doses of radiotherapy to more-specific locations of the body.
Brachytherapy equipment is more profitable than radiotherapy treatment equipment since it offers great precision for the treatment of early-stage and moderate growths, as well as for the treatment of many disorders.
The key players of the Global Brachytherapy Devices Market are:
Theragenics Corporation, Elekta AB, Eckert & Ziegler BEBIG, Varian Medical Systems Inc., CIVCO Medical Solutions, and others are among the leading companies in the market for brachytherapy devices.
What are the reasons for growth in the Brachytherapy Devices Market?
Brachytherapy equipment is recommended over all other radiation therapy equipment for cancer treatment because patients undergoing any of this equipment have a low chance of experiencing a subsequent relapse.
Image Guided Brachytherapy (IGBT) and Pulse Dose Rate (PDR) constitute two notable and modern brachytherapy techniques. Brachytherapy is currently enabled by scheduling agreements that enable the providers of healthcare care to legally provide and schedule brachytherapy for patients.
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In 2020, the prostate cancer market was anticipated to dominate and account for the largest income share. For all patients with restricted prostate cancer development, brachytherapy is a promising treatment option, both alone and in combination with exterior bar radiation therapy.
The category is primarily driven by the promising applications of brachytherapy in the treatment of prostate cancer.
It is anticipated that the breast cancer brachytherapy equipment market will register a significant CAGR throughout the projection period. One of the main factors influencing the growth of this market is the increasing usage of brachytherapy in the Accelerated Partial Breast Irradiation (APBI) technique.
Additionally, it is anticipated that the rising incidence of breast cancer will fuel the growth of this market. In any event, it is believed that a key reducing factor for this industry is the lack of qualified radiation specialists and acceptance of technically advanced products, particularly in non-industrialized countries.
In 2020, North America was anticipated to dominate the brachytherapy industry and account for the largest income share. During the projection time, the market in Asia Pacific is anticipated to see the highest CAGR.
What is report for Brachytherapy Devices Market by insightSLICE?
The report titled Brachytherapy Devices Market provides global insights into Shares, Trends, and Forecasts for this sector during the years 2023-2032.
The report will take into consideration the competitive landscape, and provide a company overview and market outlook for all the leading players in the Brachytherapy Devices Market.
The report would also reflect the key developments of this market like the global presence of dominant players, regional sales and revenue, business strategies used by rivals, research programs, and development plans, employee and executive profiles, along with other related information and statistics.
How is the market for Brachytherapy Devices categorized in this report?
Based on Product Type
- Seeds
- Applicators
- After loaders
- Electronic Brachytherapy
- Other
Based on Dosage Type
- HDR Brachytherapy
- LDR Brachytherapy
- Other
Based on Application
- Prostate Cancer
- Gynecological Cancer
- Breast Cancer
- Other
By Region
- North America
- U.S.
- Canada
- Rest of North America
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- Rest of Asia Pacific
- Middle East & Africa
- UAE
- South Africa
- Saudi Arabia
- Rest of Middle East & Asia
- South America
- Brazil
- Rest of South America
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Significance of this market report:
The research will offer an in-depth analysis of prominent players holding the majority share of the global Brachytherapy Devices market. With a focus on all major business segments that are prevalent in this market, we would identify the segments with the highest potential in this market.
Furthermore, the market share of all leading companies in the Brachytherapy Devices Market would also be estimated on several statistical parameters.
The report will also take into consideration the key competitive information such as business proliferation strategy, product and branding lists, recent development scenario, analysis of strengths and opportunities, and highlight weaknesses and problems in the Brachytherapy Devices manufacturing sector.
This study would take into consideration the participants engaged in the supply chain, distribution, and marketing chain of the market and highlight their contributions to market expansion.
Regulatory hurdles will be brought to your attention in a separate section along with current clinical trial data. The product portfolio and recent news section will also provide relevant information to enable better business decisions.
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