Intraoperative Radiation Therapy Market to grow further till USD 92.5 million by 2031 | ZEISS Group, iCAD, Inc., Eckert & Ziegler, Elekta AB, GMV Innovating Solutions

Global Intraoperative Radiation Therapy Market was valued at USD 50.00 million in 2021 and it is anticipated to grow further till USD 92.5 million by 2031, at a CAGR of 6.3% during the forecast period.

The intraoperative radiation therapy market report from Global Insight Services is the single authoritative source of intelligence on Intraoperative Radiation Therapy Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

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Intraoperative radiation therapy systems (IORT) administer a concentrated dose of radiation to a tumor site right away following the removal of a tumor in order to eradicate the microscopic malignant cells. The spectrum is utilized to determine the type of microorganisms present inside the cells due to intra beam or differential radiation properties. IORT refers to the delivery of therapeutic radiation doses to the tumor location. Along with outer beam radiation, chemotherapy, and surgery, IORT is frequently used in the multidisciplinary management of privately advanced and recurrent illnesses. As a recent development, IORT can also be applied to earlier stages of diseases like prostate cancer and breast cancer growth

Market Trends and Drivers

The IORT technique has a number of benefits, including focused radiation, brief treatments, excellent radiation control, and less radiation exposure to healthy tissue. This is particularly true in the case of breast cancer, as this mode provides women with a selection of breast-preserving treatments (lumpectomy). Therefore, one of the major factors fueling the market's expansion is the rising incidence of breast cancer. The use of IORT procedures will increase due to the rising incidence of cancer.

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Global Intraoperative Radiation Therapy Market Segmental Overview

The report analyses the global intraoperative radiation therapy market based on the product & service, technology, application, and region.

Global Intraoperative Radiation Therapy Market by Product & Service

Based on the product & service, it is segmented into products & services. The products segment is also sub-segmented into systems/accelerators, applicators & after loaders, treatment planning systems, and accessories. The products segment is anticipated to dominate the market during the forecast period. The increased market share in this sector can be due to factors such as their expanding availability, the creation of technologically sophisticated mobile systems and accelerators, treatment planning, and the expanding use of IORT products in the treatment of cancer.

Global Intraoperative Radiation Therapy Market by Technology

Based on the technology, it is segmented into electron IORT, and intraoperative brachytherapy. The electron IORT segment is anticipated to dominate the market during the forecast period. This market's expansion can be ascribed to a host of advantages, such as shorter treatment times, improved depth of penetration, and homogeneous doses that work best.

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Global Intraoperative Radiation Therapy Market by Application

Based on the application, it is segmented into breast cancer, brain tumor, gastrointestinal cancer, head & neck cancer, colorectal cancer, endometrial & cervical cancer, lung cancer, and others. The breast cancer application segment is anticipated to dominate the market during the forecast period. The non-invasive nature of radiotherapy, the increase in breast cancer cases, and the high success rates with IORT are the main causes of this.

Geographical Analysis of the Global Intraoperative Radiation Therapy Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North America is anticipated to hold the largest share of the intraoperative radiation therapy market. The rising incidence of cancer, the widespread use of IORT for cancer therapy, and the high annual per capita healthcare spending in the US and Canada are the main factors propelling market expansion in this area. The use of low-energy IORT has also been promoted by organizations like the American Society for Radiation Oncology (ASTRO), which has helped to improve its uptake in North America.

Major Players in the Global Intraoperative Radiation Therapy Market

The key players studied in the global intraoperative radiation therapy market are ZEISS Group (Germany), iCAD, Inc. (US), Eckert & Ziegler (Germany), Elekta AB (Sweden), GMV Innovating Solutions (Spain), Sensus Healthcare, Inc. (US), IntraOp Medical, Inc. (US), Isoray, Inc. (US), Becton, Dickinson and Company (US), Sordina IORT Technologies (Italy), Varian Medical Systems, Inc. (US), SeeDos Ltd. (UK), IsoAid LLC (US), Ariane Medical Systems Ltd. (UK), and Panacea Medical Technologies Pvt. Ltd. (India) among others.

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