Brachytherapy Market Size Worth USD 670.92 Billion in 2032 | Emergen Research

Vancouver, Dec. 04, 2023 (GLOBE NEWSWIRE) -- The global brachytherapy market is projected to be worth USD 670.92 Million by 2032, according to a current analysis by Emergen Research. The brachytherapy market is experiencing an increased demand attributed to its growing application in the treatment of cancer. Cancer has a significant impact on global society. According to the statistics published by the National Cancer Institute, about 1,806,590 new cancer cases will be diagnosed in the US in 2020 and will account for the death of 606,520 individuals. In 2020, prostate, colorectal, and lung cancers will be responsible for a projected 43.0% diagnosed cases in men. On the other hand, breast, colorectal, and lung cancer are the most common causes of cancer in women and will be responsible for a projected 50.0% of diagnosed cases.

Technological advancements such as the development of novel radioactive sources, remote after-loading systems, innovations in 3D imaging methods, computerized treatment methods, and clinical trials in brachytherapy are significant factors driving the market growth. Groundbreaking technologies are being embraced to assist in creating personalized solutions for challenging conditions to deliver enhanced brachytherapy procedures to help in cancer treatment.

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Scope of Research

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MAJOR COMPANIES and Competitive Landscape

The leading players in the brachytherapy market are equipped with enhanced production facilities and are involved in various R&D activities.

A few leading players in the brachytherapy market include:

• Elekta AB
• CR Bard Inc.
• Varian Medical Systems Inc.
• Eckert & Ziegler BEBIG SA
• CIVCO Medical Solutions
• iCAD Inc.
• Isoray Medical Inc.
• Sun Nuclear Corporation
• Theragenics Corporation
• Huiheng Medical Inc.

Strategic Development

• In April, 2020, Elekta announced the introduction of a universal gynecological brachytherapy applicator, Geneva, which was designed deploying the outside-in methodology of Elekta, which caters to the growing needs of front-line cancer therapists.

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Key Highlights from The Report

• Low-dose rate (LDR) brachytherapy is likely to grow at the fastest rate of x% in the forecast period. The radioactive sources, in LDR, are placed inside or directly beside the tumor and may be left in the target location permanently. Prostate cancer is the most commonly treated condition using Low dose rate brachytherapy.
• Breast cancer is the most commonly occurring cancer type in women, with more than 2 million new breast cancer cases in 2018. The global breast cancer survival rates vary greatly, ranging from around 80% in North America, Japan, and Sweden to nearby 60% in middle-income nations and lower than 40% in low-income nations.
• Specialty clinics are equipped with the requisite radiotherapy instrument & devices and specialist staff to assist in diagnosing cancer and adopting a suitable procedure for disease treatment.
• The brachytherapy market in the Asia Pacific region is likely to grow at the fastest rate of 5.6% in the forecast period due to the growing incidence and occurrence of cancer, the increasing prevalence of health insurance, and improving reimbursement policies.

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Emergen Research has segmented the global brachytherapy market on the basis of type, application, end-users, and region:

• Type Outlook (Revenue, USD Billion; 2019-2032)
  • High Dose Rate (HDR) Brachytherapy
  • Low Dose Rate (LDR) Brachytherapy
  • Others
• Application Outlook (Revenue, USD Billion; 2019-2032)
  • Prostate Cancer
  • Gynecological Cancer
  • Breast Cancer
  • Skin Cancer
  • Others
• End Users Outlook (Revenue, USD Billion; 2019-2032)
  • Hospitals
  • Specialty Clinics
  • Others
• Regional Outlook (Revenue, USD Billion; 2019-2032)
  • North America
    1. U.S.
    2. Canada
    3. Mexico
  • Europe
    1. Germany
    2. UK
    3. France
    4. BENELUX
    5. Rest of Europe
  • Asia Pacific
    1. China
    2. Japan
    3. South Korea
    4. Rest of APAC
  • Latin America
    1. Brazil
    2. Rest of LATAM
  • MEA
    1. Saudi Arabia
    2. UAE
    3. Rest of MEA

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