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Transforming Cancer Treatment: Insights into the Brachytherapy Devices Market
Brachytherapy Devices Market
A primary advantage of brachytherapy is its precision in delivering radiation directly to tumor areas, which minimizes damage to healthy tissue. This feature makes it valuable not only in cancer treatment but also in certain cardiac conditions. Increasing adoption of minimally invasive procedures further fuels market growth, as such treatments involve shorter hospital stays, reduced pain, and minimized scarring. Notably, acquisitions and strategic partnerships, like iCAD's acquisition of Elekta's Xoft brachytherapy business in 2023, underline the industry's commitment to broadening treatment options and accessibility.
Cancer prevalence, especially among the aging population, is another significant growth driver. In the U.S. alone, cancer rates reached 1.95 million new cases with 609,820 deaths in 2023. Prostate and cervical cancers remain common, with cervical cancer being the fourth most prevalent cancer among women globally. Governments have responded by launching initiatives such as the U.S. Cancer Moonshot and India's Cancer Care Hub partnership with Tata Memorial Hospital, increasing treatment access and further supporting market growth.
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Technological advancements, particularly in image-guided brachytherapy (IGBT), are pivotal to the market. Techniques like MRI, CT, and 3D image guidance enhance treatment precision while reducing toxicity and damage to surrounding organs. Major companies, such as Siemens Healthineers, have introduced new systems that improve radiotherapy outcomes, while dose-rate advancements like high dose rate (HDR) brachytherapy allow targeted radiation applications, especially for prostate and cervical cancer.
However, challenges remain, including competition from advanced therapies like IMRT and proton therapy, along with the risks associated with radiation exposure. Side effects and device recalls, such as the FDA's recall of Elekta's Oncentra Brachy, also present obstacles.
In terms of application, the prostate cancer segment dominated in 2022, largely due to its prevalence in older men and the benefits of brachytherapy in reducing side effects. Cervical cancer, however, is projected to grow at the highest CAGR as initiatives to reduce global incidence rates gain momentum. Product-wise, applicators and afterloaders held the largest market share, while electronic brachytherapy is growing steadily due to its effectiveness in treating advanced skin cancers with minimal waste and exposure risks. Lastly, hospitals remain the leading end-users of brachytherapy devices, with increasing investments in advanced technologies to meet the demand for specialized cancer care.
Brachytherapy Devices Top Companies and Competitive Landscape
The global Brachytherapy Devices market is consolidated with few key players accounting for majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective Brachytherapy Devices solutions.
Some major players included in the global Brachytherapy Devices market report are:
Theragenics
Elekta
Boston Scientific Corporation
iCAD, Inc.
Varian Medical Systems, Inc.
Eckert & Ziegler
CIVCO Medical Solutions
BD (Becton, Dickinson and Company)
Perspective Therapeutics
Argon Medical Device
Merit Medical Systems
Siemens Healthcare Private Limited
IsoAid
Sun Nuclear Corporation
AngioDynamics
Hologic, Inc.
C4 Imaging
Concure Oncology
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Brachytherapy Devices Latest Industry Updates
On 24 October 2023, International Cancer Expert Crops (ICEC) announced the collaboration with virtual platform Chartrounds, a global provider of radiation oncology as well as a site focused specifically on the practice of brachytherapy, to increase availability of cancer care expertise and develop a growing global network.
On 9 October 2023, CIVCO Radiotherapy and Qfix announced the introduction of a new brand, CQ Medical in order to reflects the company's vision and global leadership in high-quality, patient-centric radiotherapy solutions, as well as company declared the acquisition of CQ Medical with medical device companies Nanovi A/S and Advaray that manufacture hydrogel-based device to advance methods of image-guided pelvic brachytherapy.
Brachytherapy Devices Market Segmentation Analysis
For the purpose of this report, Emergen Research has segmented global Brachytherapy Devices market on the basis of Dosage Type, Product Type, Technique Type, Application, End-Use, and region:
Dosage Type Outlook (Revenue, USD Million; 2019-2032)
High Dose Rate (HDR) Brachytherapy
Low Dose Rate (LDR) Brachytherapy
Pulse Dose Rate (PDR) Brachytherapy
Product Type Outlook (Revenue, USD Million; 2019-2032)
Seeds
Brachytherapy Applicators
Intracavitary Applicator
Interstitial Applicator
Others
Brachytherapy Afterloaders
Electronic Brachytherapy
Technique Type Outlook (Revenue, USD Million; 2019-2032)
Ultrasound-Guided Brachytherapy
Magnetic Resonance Imaging (MRI)-Guided Brachytherapy
Computed Tomography (CT)-Guided Brachytherapy
Power Doppler Imaging-Guided Brachytherapy
Poistron Emission Topography-Guided Brachytherapy
Application Outlook (Revenue, USD Million; 2019-2032)
Prostate Cancer
Breast Cancer
Cervical Cancer
Gynecological Cancers
Skin Cancer
Others
End-Use Outlook (Revenue, USD Million; 2019-2032)
Hospitals
Cancer Treatment Centers
Specialty Centers
Others
Regional Outlook (Revenue, USD Million; 2019-2032)
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Benelux
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of MEA
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Navigating Industry Insights: A Comprehensive Look at Related Reports
Brachytherapy Devices Market Size @ https://www.emergenresearch.com/industry-report/brachytherapy-devices-market/market-size
Brachytherapy Devices Market Share @ https://www.emergenresearch.com/industry-report/brachytherapy-devices-market/market-share
Brachytherapy Devices Market Trends @ https://www.emergenresearch.com/industry-report/brachytherapy-devices-market/market-trends
Brachytherapy Devices Regional Market Demand @ https://www.emergenresearch.com/industry-report/brachytherapy-devices-market/regional-market-demand
Brachytherapy Devices Market Analysis @ https://www.emergenresearch.com/industry-report/brachytherapy-devices-market/market-analysis
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Eric Lee
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Emergen Research | Web: www.emergenresearch.com
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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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