Hyperthermia Cancer Treatment Market to Signify Strong Growth by 2023-2030

During the forecast period, the hyperthermia cancer treatment market is anticipated to expand significantly at a CAGR of almost 5.9%. Rising cancer incidence rates globally, increased public awareness of hyperthermia's therapeutic benefits for various malignancies, and considerable improvements in hyperthermia treatment equipment are the main factors fueling the market's rise. By 2030, the World Health Organization (WHO) projects that there will be 13.1 million cancer-related deaths worldwide. Additionally, WHO statistics indicate that there will be a 75% rise in cancer prevalence worldwide. The market for hyperthermia treatments will expand as a result of more people choosing cancer therapies due to the rapidly rising cancer rate.

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Hyperthermia therapy is a non-invasive way to raise tumor temperature to promote blood flow, boost oxygenation, and make tumor cells more radiation sensitive. Radiation oncologists can improve tumor control while minimizing injury to healthy tissues by including hyperthermia in radiation therapy. In 2019, the market for hyperthermia cancer treatments was dominated by North America. Due to a growth in the incidence of various cancer types and an increase in the rate of cancer diagnoses in the area, the trend is expected to persist during the projection period.

Drivers for Hyperthermia Treatment for Cancer

• Increasing Fund for Cancer Research

Government money and business organizations are two sources of R&D expenditures. To aid in the diagnosis and treatment of cancer, governments in industrialized nations like the U.S., raise money for disease research. Governments also provide funding for clinical trials to assist businesses in creating cancer cachexia therapy medications. The market for cancer treatment with heat is being driven by this. For instance, the National Cancer Institute (NCI) received US$ 5.2 billion from the U.S. Government in April 2016 for cancer research and training.

• Devices for Microwave Hyperthermia Will Rule the World Market

Infrared hyperthermia devices, ultrasound hyperthermia devices, microwave hyperthermia devices, and other devices make up the global market for hyperthermia cancer treatments. The microwave approach allows for the heat treatment of tumors that are deep-seated and/or difficult to access in the body, hence the microwave hyperthermia devices segment is predicted to expand at a quick rate throughout the projection period. Consequently, doctors have a strong preference. This increases the need for microwave hyperthermia equipment for the treatment of cancer.

• Rise in Prevalence of Cancer

Cancer has been rising too much globally. Rise in the cancer such as breast, liver, soft tissue, prostate cancer, etc. is one of the major drivers that drives demand for hyperthermia cancer treatment. The National Cancer Institute (NCI) estimates that 39.5% of patients will receive a cancer diagnosis at some time in their lives. However, due to the use of hyperthermia in cancer treatment, there will most certainly be 22.2 million survivors by 2030.

Developments or Contribution of Major Players

Pyrexar Medical Inc., Hydrosun Medizintechnik GmbH, Celsius42 GmbH, Chongqing Haifu medical technology Co. Ltd., Yamamoto Vinita Co., Ltd., innoMedicus Ltd., and others are among the key businesses that cater to the global market for hyperthermia treatment for cancer. The implementation of various strategies by market participants, such as mergers and acquisitions, partnerships, funding, and the launch of new products, has significantly contributed to the market's expansion.

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