The Global Brachytherapy Market accounted for US$ 688.5 million in 2020 and is estimated to be US$ 1415.8 million by 2030 and is anticipated to register a CAGR of 7.50%. Brachytherapy is a type of radiotherapy that is used to treat cancers of all types. Internal radiation, or seed therapy, is another name for it. Unlike external beam radiotherapy, which distributes radiation from the outside, brachytherapy precisely targets the dangerous tumour from the inside. Radioactive seeds are implanted into malignant tissue and positioned in such a way that they will most effectively destroy the tumour. The use of brachytherapy to target malignant cells decreases the danger of harm to healthy tissues and organs surrounding the tumour, as well as the possibility of adverse effects.
The technical advancements in this discipline are projected to enhance the growth of the brachytherapy market during the forecast period. Furthermore, industry participants’ efforts in research and development are moving the brachytherapy market forward. Furthermore, the rising frequency of cervical and lung cancer in developing nations, as well as upgraded health-care infrastructure, are expected to support the brachytherapy market’s expansion. The rise in reimbursement in the field of radiation therapy, on the other hand, is expected to hamper the growth of the brachytherapy market throughout the forecast period.
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Key Highlights of Brachytherapy Market:
On February, 2021 Paper-based packaging leader, Graphic Packaging International (‘Graphic Vivos Inc stated in November 2020 that it had completed its application to the FDA for Breakthrough Device Designation for Radiogel. The company has developed an injectable brachytherapy device based on Yttrium-90 for the treatment of malignancies in both animals (Isopet) and humans (Radiogel).
Elekta announced in August 2020 that its Geneva brachytherapy applicator has acquired FDA 510(k) clearance in the United States, allowing those with cervical cancer in the US to benefit from the applicator’s capacity to accurately target brachytherapy.
Key Market Insights from the report:
Global Brachytherapy Market accounted for US$ 688.5 million in 2020 and is estimated to be US$ 1415.8 million by 2030 and is anticipated to register a CAGR of 7.50%. The global brachytherapy market is segmented based on technique, application, and region.
High Dose Rate (HDR) Brachytherapy, Low Dose Rate (LDR) Brachytherapy, Pulse Dose Rate (PDR) Brachytherapy, and Image Guided Brachytherapy (IGBT)
Prostate Cancer, Breast Cancer, Gynecological Cancer, Cervical Cancer, Skin Cancer, and Others
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Competitive Landscape & their strategies of Brachytherapy Market:
The key players operating the global brachytherapy market includes Modus Medical Devices Inc., Varian Medical Systems, Inc., Eckert & Ziegler BEBIG GmbH, R. Bard, Inc., Argon Medical Devices, Inc., Elekta AB (publ), IsoRay Medical, Inc., IsoAid, L.L.C., Theragenics Corporation, and Medical Instruments Co., Inc. Prominent players have been adopting several strategies to increase and strengthen their occurrence worldwide. As cancer care totally depends on R&D and innovations, the market is likely to register significant growth over the forecast period. Some of the companies opt for partnerships and mergers to capture the untapped markets.
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Global Brachytherapy Market, By Technique:
High Dose Rate (HDR) Brachytherapy
Low Dose Rate (LDR) Brachytherapy
Pulse Dose Rate (PDR) Brachytherapy
Image Guided Brachytherapy (IGBT)
Global Brachytherapy Market, By Application:
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
Some Important Points Answered in this Market Report Are Given Below:
Explains an overview of the product portfolio, including product development, planning, and positioning
Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period
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Market Dynamics, Regulations, and Trends Analysis
DR Impact Analysis
Porter’s Five Forces Analysis
Market Investment Feasibility Index
Macroeconomic Factor Analysis
Market Breakdown and Data Triangulation
Approach for estimating Market Share by Top-Down Analysis (Supply Side)
Approach for estimating market share by Bottom-up Analysis (Demand Side)
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