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Surface Guided Radiation Therapy (SGRT) Devices Market | Size, Share and Scope Analysis to 2031

06-12-2023 08:58 AM CET | Health & Medicine

Press release from: InsightAce Analytic Pvt. Ltd

Surface Guided Radiation Therapy (SGRT) Devices Market | Size,

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Surface Guided Radiation Therapy (SGRT) Devices Market Size, Share & Trends Analysis Report By Device Type (Portable v/s Fixed), By Application (Breast Cancer, Head & Neck Cancer, Abdominal & Pelvic Cancer, Dermatology, Others), By End User (Hospitals & Clinics, Diagnostic Centers, Others)- Market Outlook And Industry Analysis 2031"

The global surface-guided radiation therapy (SGRT) devices market is estimated to exhibit a CAGR of 8.2% during the forecast period.

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Surface-guided radiation therapy (SGRT) devices increase radiation accuracy and quality. This approach also speeds up daily treatments and reduces treatment duration. This adaptive technology broadens the range of services that can be provided. Deep inspiration breath holding (DIBH) radiation therapy for breast cancer considerably reduces the risk of heart damage. It permits respiratory gating, improving the precision and quality of radiation treatment for various gastrointestinal and lung cancers. The rising prevalence of cancer and the inefficiency of present treatment choices are likely to open up opportunities for novel treatment devices and medicines. The advancement of innovative technology in radiotherapy for cancer treatment is further bolstering market growth.

Furthermore, the rising desire for non-surgical procedures and increased acceptance of radiotherapy equipment and procedures support the growth of the global surface-guided radiation therapy (SGRT) devices market in the coming years.

List of Prominent Players in the Surface Guided Radiation Therapy (SGRT) Devices Market:
• Vision RT Ltd
• Varian Medical Systems, Inc.
• C-Rad AB
• Surface Imaging Solutions Limited
• Civco Medical Instruments Co Inc. (MEDTECH, Inc.)
• Elekta AB
• BrainLab AG

Market Dynamics:
Drivers-
The primary drivers driving the image-guided radiation therapy market are the increased prevalence of malignant growth and growing demand for cutting-edge therapies, rising cancer incidences and quick advancements in disease treatment, and high morbidity and death rates globally. The expansion of human services, government support for research and development, and increased demand for better cancer treatment all contribute to the growth of the image-guided radiation therapy market. The high utilization of therapy in pre-treatment and treatment stimulates an activity that can improve or check radiotherapy precision, an increase in the number of research and development activities, and an increase in demand for sophisticated therapies all have an impact on the image-guided radiation therapy market.

Challenges:
The high cost of treatment, as well as difficulties and hazards connected with this course of treatment, such as damage to adjacent tissue bodies in close proximity to the tumor, are projected to stymie the expansion of the image-guided radiation therapy market. In the foreseeable term, the mitigation of treatment symptoms is expected to challenge the image-guided radiation therapy market.

Regional Trends:
The North American Surface Guided Radiation Therapy (SGRT) Devices Market is expected to register a significant market share in revenue and is projected to grow at a high CAGR soon. Due to the evolving healthcare business, the North American region is expected to lead the market. Major economies such as the United States and Canada sustain a robust research and healthcare industry. The growing number of patients suffering from various types of cancer is also propelling the market segment forward. A new market player may invest in developing technologically improved medical equipment to provide patients with effective and efficient diagnosis and treatment.

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Recent Developments:
• In June 2021, C-RAD expanded its presence in India by creating an office in Delhi. This was done in order to address the increasing demand for its positioning products throughout South Asia.

Segmentation of Surface Guided Radiation Therapy (SGRT) Devices Market-
By Device Type-
• Portable
• Fixed

By Application-
• Breast Cancer
• Head & Neck Cancer
• Abdominal & Pelvic Cancer
• Dermatology
• Others

By End User-
• Hospitals & Clinics
• Diagnostic Centers
• Others

By Region-
North America-
• The US
• Canada
• Mexico

Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe

Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific

Latin America-
• Brazil
• Argentina
• Rest of Latin America

Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa

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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

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