As per this study the Global Brachytherapy Market was valued USD 910.76 MN (by revenue) in 2022 and is anticipated to reach USD 1698.28 MN by 2030 with a CAGR of 8.1%.
Brachytherapy is used to treat cancer, it's a type of radiation therapy. In this therapy, the radioactive sources are placed inside the patient on a permanent or temporary basis to kill cancer cells and shrink tumors. The therapy uses high doses of radiation to treat a smaller area in less time. It is used to treat prostate cancer, gynecological cancer, and breast cancer among others.
Market Dynamics
The increasing prevalence of cancer diseases and raising awareness of cancer treatment across the globe is driving market growth. Benefits associated with brachytherapy such as less treatment time and improved efficiency is again accelerating the market growth. Along with this, the rising number of minimally invasive surgeries are further fuelling market growth. On the other hand, side effects associated with radiation on the body and availability of another advanced radiotherapy may restrict the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of brachytherapy.
Market Segmentation
The broad brachytherapy market has been sub-grouped into type and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Dosage Type
- High-Dose Rate (HDR) Brachytherapy
- Low-Dose Rate (LDR) Brachytherapy
By Product
- Seeds
- Applicators & Afterloaders
- Electronic Brachytherapy
By Application
- Prostate Cancer
- Gynaecological Cancer
- Breast Cancer
- Others
Regional Analysis
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for brachytherapy in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Brachytherapy Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the brachytherapy market include Varian Medical Systems Inc., Becton, Dickinson & Company, Elekta AB, Isoray Medical Inc., Eckert & Ziegler BEBIG, iCAD Inc., CIVCO Medical Solutions, Theragenics Corporation. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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