According to the latest report by IMARC Group, titled “Brachytherapy Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on brachytherapy market share. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global brachytherapy market reached a value of US$ 785 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 1,033.9 Million by 2027, exhibiting a CAGR of 5.2% during 2022-2027.
Brachytherapy refers to a type of radiation therapy that is used to treat cancer. The procedure involves the placement of radioactive materials in or around the tumor to reduce the damage to the surrounding healthy tissue. Brachytherapy is effective in treating cervical cancer, breast cancer, skin cancer, and various other types of cancer. It can be utilized alone or in conjunction with other cancer treatments, including chemotherapy, surgery, and external radiation therapy. Brachytherapy allows doctors to deliver higher doses of radiation to specific body parts than conventional forms of radiation therapy or external beam therapy (EBT).
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Global Brachytherapy Market Trends:
The global brachytherapy market is primarily driven by the increasing prevalence of different types of cancer. Brachytherapy uses artificially produced radionuclides, including Caesium-137, Iridium-192, Gold-198, Iodine-125, and Palladium-103, for routine use. This has resulted in the adoption of brachytherapy for the effective treatment of cancer. Apart from this, the increasing healthcare expenditure and rising awareness regarding the advanced treatment options for cancer are escalating the demand for brachytherapy. Besides this, there has been widespread acceptance of the therapy amongst patients and medical professionals as brachytherapy equipment offer extremely localized radiation doses to small tumors. They are also used for prophylactic, palliative, and curative treatments, and used as monotherapy or as an adjuvant with surgery. Furthermore, various research and development (R&D) activities and the development of minimally invasive surgical procedures are creating a positive outlook to the market.
Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- Transcend Services
- Naunce Communications
- iMedX Information Services
- Global Medical Transcription
- Medi-Script Plus
- Transtech Medical Solutions
Brachytherapy Market Segmentation:
Our report has categorized the market based on region, service type, technology, mode of procurement and end user.
Market Breakup by Service Type:
- History and Physical Report
- Discharge Summary
- Operative Note or Report
- Consultation Report
- Others (Pathology Report, Radiology Report, etc.)
Market Breakup by Technology:
Market Breakup by Mode of Procurement:
Market Breakup by End User:
- Clinical Laboratories
- Academic Medical Centers
Market Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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