Brachytherapy Devices Market – Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024

Brachytherapy Devices Market – Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024
Brachytherapy Devices Market is Expected to Grow at CAGR Close to XX% During the Forecast Period, Due to Growing Number of Cancer Patients Around World

“The Brachytherapy Devices Market is anticipated to reach about US$ XX Mn by 2025, and anticipated to expand at a CAGR over seven years of forecast period 2019-2025” owing to an increased number of cancer patients.

Precision Business Insights (PBI) in its report titled “Brachytherapy Devices Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period from 2019 to 2025.

The brachytherapy devices market size was accounted for US$ XX Mn in 2018 and anticipated to account for US$ XX Mn by 2025. Increased prevalence of cancer worldwide, makes this most ideal candidate for treatment. Increased adoption of radiotherapy and recent technological advancements, bolster the growth of brachytherapy market. In addition, developing healthcare infrastructure and government policies up surges the growth of market. However, due to high cost associated with treatment, equipment and side effects may restraint the growth of market during the forecast period.

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Brachytherapy devices market segmented on the basis of the type, application, end user, and geography.

Prostate Cancer Segment Expected to Dominate the Market

Based on Application Type, the brachytherapy devices market is segmented as gynecological cancer, prostate cancer, skin cancer, breast cancer, cervical cancer. Prostate cancer held the dominant market share in 2017 due to the promising applications of brachytherapy in cancer treatment. On the other hand, breast cancer brachytherapy treatment is expected to witness the fastest CAGR over the forecast period due to increasing prevalence globally. Recent advances in imaging technology have made this therapy more effective. In the treatment of prostate cancer, it allows safe escalation of the dosage to the tumor, while minimizing the dosage to surrounding healthy organs.
High Dose Rate Will Dominate the Revenue Share.

Based on type, brachytherapy devices market segmented into low dose rate brachytherapy and high dose rate brachytherapy. HDR held the largest market share in terms of revenue in 2017. New products introductions and technological improvements are anticipated to bode well for overall market growth over the forecast period.
North America, Accounts for Major Revenue Share for Brachytherapy Devices Market

Precision Business Insights (PBI) brachytherapy devices market report analyses the market in different regions North America, Europe, Asia Pacific, Latin America and Middle East and Africa. According to regional analysis, North America held the largest market share in 2017. Brachytherapy is widely used in North America owing to its safer attributes as compared to traditional methods. The healthcare reforms in U.S. have improved access and coverage for the population and they aim at increasing efficiency of the health care system. Asia Pacific Brachytherapy market is poised to witness the highest CAGR during the forecast period from 2018 to 2025. The prevalence of cancer is rising pertaining to unhealthy lifestyle. In addition, limited access to technologically advanced cancer treatments offers a wide scope for the market players.

Acquisitions Play Vital Role in Brachytherapy Devices Market

Key market players have been undertaking various strategies to expand and strengthen their presence across the globe. For instance, in 2011, Elekta AB acquired Nucletron- a leader in brachytherapy treatment planning and delivery- to strengthen their radiotherapy product portfolio.

Key players mentioned in this report are Varian Medical Systems, Inc. (U.S.), Ion Beam Applications (IBA) (Belgium), Accuray Incorporated (U.S.), Nordion, Inc. (Canada), Elekta AB (Sweden), Isoray Medical, Inc., (U.S.), R. Bard, Inc. (U.S.), ViewRay, Inc. (U.S.), RaySearch Laboratories (Sweden), Mitsubishi Electric Corporation (Japan), Mevion Medical Systems, Inc. (U.S.) among others.

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Detailed Segmentation

By Type

o High Dose Rate Brachytherapy
o Low Dose Rate Brachytherapy

By Application Type

o Gynaecological cancer
o Prostate cancer
o Skin Cancer
o Breast cancer
o Cervical Cancer
o Others

By End-User Type

o Hospitals
o Diagnostic Centres
o Ambulatory surgical centres
o Radiotherapy Centres

Geography

o North America
 U.S.
 Canada
o Europe
 Germany
 UK
 France
 Russia
 Spain
 Italy
 Rest of Europe
o Asia-Pacific
 China
 Japan
 India
 ASEAN
 Rest of Asia Pacific
o Latin America
 Brazil
 Mexico
 Argentina
 Chile
 Rest of Latin America
o Middle East and Africa
 South Africa
 Saudi Arabia
 Rest of MEA

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