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Brachytherapy Market: Global Opportunity Analysis and Industry Forecast, 2019–2026

A11122
Pages: NA
Jun 2021 | 40 Views
 
Author(s) : Onkar Sumant
Tables: NA
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Brachytherapy is a procedure that includes placing radioactive material inside the body of the patient. It is one type of radiation therapy that's utilized to treat cancer. This sometimes is also known as internal radiation. This allows doctors to deliver higher doses of radiation to the specific areas of the body, compared with the conventional form of radiation therapy (external beam radiation) that gives radiation from a machine that is outside an individual's body. It may cause fewer side effects than does external beam radiation, and the overall treatment time is usually quicker with brachytherapy. It can be used alone or in combination with other cancer treatments.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value (USD)

  Segments covered

  Type, Application, End User and Region

  Regions covered

North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM) and The Middle East and Africa

  Companies covered

Major players analyzed include Eckert & Ziegler Bebig, Isoray Medical, Inc., Elekta AB, Theragenics, C. R. Bard, Inc., Civco Medical Solutions, Huiheng Medical, Sun Nuclear Corporation, Icad, Inc., and Varian Medical Systems, Inc.


COVID-19 scenario analysis:

Coronavirus disease 2019 (COVID-19) caused a global economic crisis, especially in the healthcare sector. COVID-19 pandemic has led to resource constraints as the exports and imports are also at halt. The surgical procedures are being avoided due to susceptibility of the disease to spread in the current scenario, due to which the loss of revenue is being observed. The COVID-19 pandemic has had an adverse impact on the healthcare system, resulting in 50% to 70% drop in revenue since March. There are many small hospitals and nursing homes, which are forced to be shut. In addition, visa cancellations have led to a halt in medical tourism and can negatively impact the healthcare services market growth.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

The market is driven by the factors such as, the rise in the incidences of the cancer, which needs assistance of brachytherapy, such as prostate cancer, which would boost the industry during the forecast period. The growth in technological advancements for treatment of the cancer would help the market players gain maximum revenue in the coming years.

New product advancements to flourish the market

In October 2018, Varian announced the Bravos after loader system for High Dose Rate (HDR) brachytherapy treatments. It is an integrated system designed to improve the patient and clinic experience by simplifying the brachytherapy treatment and providing greater workflow efficiency.

In June 2018, IsoRay Inc., which is a medical technology company and innovator in seed brachytherapy and medical radioisotope applications for the treatment of prostate, brain, lung, head, neck and ovarian cancers, has announced the summer release of its Build-Blu delivery system for real-time prostate brachytherapy.

Surge in incidences of cancer to boost the market

Rise in prevalence of prostate cancer would help in the growth of the market in the coming years. According to the American Cancer Society in 2020, prostate cancer is one of the leading causes of cancer after skin cancer. The estimated number of men is about 191,930 in the U.S. There are around 60% cases that are diagnosed in men over 65.

The average age of diagnosis is estimated to be 66 years. The disease is observed to be rarely occurring in those aged below 40 years. Most prostate cancers (90%) are found when the disease is in only the prostate and nearby organs. The increase in the number of people suffering from prostate cancer would help the industry grow in the near future.

Key segments covered:

Segments

Sub-segments

  Type

  • High Dose Rate (HDR)
  • Low Dose Rate (HDR)

  Application

  • Gynecological Cancer
  • Prostate Cancer
  • Breast Cancer
  • Others

  End User

  • Hospitals
  • Specialty Clinics
  • Others


Key benefits of the report:

  • This study presents the analytical depiction of the global brachytherapy industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global brachytherapy market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global brachytherapy market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global brachytherapy market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the Brachytherapy Market research report:

  • Which are the leading market players active in the Brachytherapy market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in tasking further strategic steps?
 
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We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

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