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Brachytherapy Market Deep Analysis by Production Overview and Insights 2028 | Elekta, Varian Medical Systems, Inc., Theragenics Corporation, Sun Nuclear Corporation,
Brachytherapy Market Is Expanding With Growing Prevalence Of Prostate Cancer All Over The WorldOverview:
Brachytherapy is a type of radiotherapy that uses small, pinpoint radiation sources to treat a specific area of the body. These sources are inserted directly into the target tumor and remain in place as the patient moves around and the tumor changes within the body. Due to this, brachytherapy offers high dose conformity. The procedure is a complex process, however, there are several key components to the treatment process. The procedure may be painful, however, it is not harmful to the patient. Patients should expect a mild ache. However, some LDR or PDR treatments may leave scars. Other risks of brachytherapy include infection and bleeding. During treatment, the patient will receive an antibiotic, which will decrease the chances of infection.
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Market Dynamics:
Rise in the occurrence prostate cancer is anticipated to propel growth of the global brachytherapy market over the forecast period. For instance, as per the American Cancer Society estimates, prostate cancer is expected to affect nearly 268,490 people in 2022 in the U.S. and it is expected to cause 34,500 deaths in the country in 2022.
However, the lack of access to technologically developed products, and lack of skilled radiotherapy professionals is projected to hinder growth of the global brachytherapy market over the forecast period.
Impact of COVID-19:
The COVID-19 pandemic impacted several industries including healthcare and medical device industry all over the world. As virus was spreading across the world rapidly many countries shut down their borders and implemented stringent regulations. Emergency visits to hospitals were suspended or kept on hold. The global brachytherapy market growth was adversely affected during this period due to stringent regulations implemented by government. However, introduction novel vaccines is likely to support growth of the market.
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Key Takeaways:
• The global brachytherapy market is expected to grow over the forecast period due to technological advancement in the field. For instance, in April 2020, Elekta launched the first universal gynecological applicator Geneva for brachytherapy designed to cater the real-world requirements of those on the front-line of cancer therapy.
• Asia Pacific is projected to witness significant growth in the global brachytherapy market over the forecast period. This is attributed to rising cases of cancer due to an unhealthy lifestyle, restricted access to technologically developed cancer treatments in the region.
• Major players operating in the global brachytherapy market are CIVCO Medical Solutions, Elekta, iCAD Inc., Varian Medical Systems, Inc., Cianna Medical, Theragenics Corporation, Sun Nuclear Corporation, IsoRay Medical, Eckert & Ziegler BEBIG, and Argon Medical Devices.
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