Allied Market Research

2024

Intraoperative Radiation Therapy Market

Intraoperative Radiation Therapy Market Size, Share, Competitive Landscape and Trend Analysis Report by Technique (Intraoperative Brachytherapy, Electron Intraoperative Radiation Therapy), by Product (Applicators and Afterloaders Treatment, Planning Systems System/ Accelerators, Other Accessories), by Applications (Brain Tumor, Breast Cancer, Lung Cancer, Others) and by End User (Hospitals, Ambulatory Surgical Centers, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032

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Author's: | Roshan Deshmukh
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Intraoperative radiation therapy is an intensive treatment wherein precise delivery of the large dose of ionizing radiation to the target site. The task is to visualize tumor site or tumor bed and separate the entity from other normal tissues to ensure that the maximum dose is instilled into the tumor cells and least on the normal tissues. The differentiation between these two tissues helps to achieve appropriate therapeutic ratio with Intraoperative Radiation therapy. The IORT technique is widely used for the colorectal cancers, soft-tissue tumors, recurrent gynecological cancers, and intra-abdominal tumors. The advancement in the technology led to widening of the application of IORT, which include early-stage breast cancer, pediatric tumors, retroperitoneal sarcoma, and recurrent rectal and gynecological cancers.

COVID-19 scenario analysis:

The growth in the rate of the lethality of the coronavirus-2 disease has brought up a global concern for the safety of the global population enforcing the lockout situation. The surge in the demand for the recovery of the patients who are exposed to the virus would need respiratory equipment for better treatment. There is a surge in the usage of these devices globally and hence the manufacturers are taking advantage and hence gaining maximum shares. However, the surgical procedures are now brought to a halt which will lead to the downfall of the other medical devices and supplies. This has also led to a decrease in the growth of the Intraoperative Radiation Therapy in the current situation. Furthermore, the use of the equipment which can be used to prevent the exposure with the COVID-19 is anticipated to increase in the near future. The rise in the government interference towards the safety of the global population would help the use of the personal protective equipment in the commenced period.

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

The growth in clinical trials for widening in the applications in cancer offered by IORT would help the market to grow in the coming years. The increase in rate of incidences of cancer would propel the market growth in the forecast period. Furthermore, rise in the technological advancements and the advantages offered by the Intraoperative Radiation Therapy over other techniques are anticipated to boost in the near future. However, the lack of trained professional and inclination towards the conventional therapies may hinder the market growth.

The global Intraoperative Radiation Therapy market trends are as follows:

New product launches to flourish the market

The key leaders are focusing on bringing up advancement in the IORT technique which would help the market grow in the coming years. For instance, in September 2019, Brainlab launched LOOP-X, which is a mobile type intraoperative radiation therapy. This product enhanced the flexibility while performing the surgical procedure. The automation added in the system also includes easier imaging workflow, robotic movement of with the procedure and performance based on command.

There is also an improvement in the synchronization with other devices like robotic arms and with the staffs and surgeon. The advanced collimation capacity and non-isocentric movement for the visualization of structures which are much larger in diameter. The device is designed for 2D and 3D imaging and also combines the ultra-high resolution with lower doses. It allows the visualization of extra soft tissues also. The technological advancements in the sector would help the market grow at a higher pace in the near future.

Surge in incidence of cancer would propel the market

The rise in the incidence and prevalence of cancer is anticipated to help the market grow in the near future. According to the estimates given by the National cancer Institute in 2018, about 1,735, 350 cases are expected to be diagnosed in the United States itself and 609, 640 are expected deaths due to cancer. The growth in the number of individuals who are concerned to have better quality of life are anticipated to help the market grow in the coming years.

Furthermore, the increase in the adoption of unhealthy lifestyle would result into the individuals to experience cancer which is expected to boost the industry. The hike in the healthcare spending would also help the market flourish in the next few years. The hike in the consumption of the packaged products having higher concentration of preservatives, salt content and sugar content is expected to help the market gain maximum revenue during the forecast period.

Key benefits of the report:

  • This study presents the analytical depiction of the global intraoperative radiation therapy 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 intraoperative radiation therapy market share.
  • The current market is quantitatively analyzed to highlight the global Intraoperative Radiation Therapy market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the Intraoperative Radiation Therapy market.
  • The report provides a detailed global market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the intraoperative radiation therapy market research report:

  • Which are the leading market players active in the intraoperative radiation therapy market?
  • What are the current trends that will influence the Intraoperative Radiation Therapy market in the next few years?
  • What are the driving factors, restraints, and opportunities in the Intraoperative Radiation Therapy market?
  • What are the projections for the future that would help in taking further strategic steps?

Intraoperative Radiation Therapy Market Report Highlights

Aspects Details
Intraoperative Radiation Therapy Market By Technique
By Technique
  • Intraoperative Brachytherapy
  • Electron Intraoperative Radiation Therapy
Intraoperative Radiation Therapy Market By Product
By Product
  • Applicators and Afterloaders Treatment
  • Planning Systems System/ Accelerators
  • Other Accessories
Intraoperative Radiation Therapy Market By Applications
By Applications
  • Brain Tumor
  • Breast Cancer
  • Lung Cancer
  • Others
Intraoperative Radiation Therapy Market By End User
By End User
  • Hospitals
  • Ambulatory Surgical Centers
  • Others
Intraoperative Radiation Therapy Market By Region
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, Italy, UK, Spain, Rest of Europe)
  • Asia-Pacific  (Japan, China, India, Australia, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, Rest of LAMEA)
Key Market Players
Key Market Players

iCAD Inc, Ariane Medical Systems, IntraOp Medical Corporation, GMV Innovating Solutions, Eckert, ZEISS Group, Sensus Healtcare Inc, Sordina IORT Technologies, Ziegler Group, ., Variant Medical Systems Inc

Key Market Players
Other Players

Elekta AB

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Intraoperative Radiation Therapy Market

Global Opportunity Analysis and Industry Forecast, 2023-2032