Vancouver, BC -- (SBWIRE) -- 02/03/2021 -- Brachytherapy is a medical procedure also known as radiation therapy. It is utilized to treat several types of cancers which involves inserting radioactive materials inside the body, which is called internal radiation.

Breast cancer is the most commonly occurring cancer type in women, with more than 2 million new breast cancer cases in 2018. The global breast cancer survival rates vary greatly, ranging from around 80% in North America, Japan, and Sweden to nearby 60% in middle-income nations and lower than 40% in low-income nations.

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Market Drivers

Radiation therapy is utilized to cure localized cancer, palliate symptoms, and prevent cancer cells from spreading in case of incurable cancer. Demand for radiation therapy is estimated to increase during the forecast period.

Key participants include Elekta AB, CR Bard Inc., Varian Medical Systems Inc., Eckert & Ziegler BEBIG SA, CIVCO Medical Solutions, iCAD Inc., Isoray Medical Inc., Sun Nuclear Corporation, Theragenics Corporation, and Huiheng Medical Inc., among others.

The demand is also expected to experience growth globally as radiotherapy is a critical cancer treatment. Radiation therapy is used for palliative, prophylactic, or curative treatment. It can be used as monotherapy or as an adjuvant with immunotherapy, surgery, and chemotherapy. The broad range of applications of radiotherapy has increased its adoption by physicians and thereby fuelling the market. Recent developments in imaging technology have made this therapy more effective. Several innovations and technological advancements are expected to boost the overall market growth during the forecast period.

Type Outlook (Revenue, USD Billion; 2017-2027)
High Dose Rate (HDR) Brachytherapy
Low Dose Rate (LDR) Brachytherapy
Others

Application Outlook (Revenue, USD Billion; 2017-2027)
Prostate Cancer
Gynecological Cancer
Breast Cancer
Skin Cancer
Others

End Users Outlook (Revenue, USD Billion; 2017-2027)
Hospitals
Specialty Clinics
Others

Regional Landscape

North America accounted for the largest market share in 2020. Brachytherapy is broadly used in North America owing to the advantages it offers over traditional methods as it is comparatively efficient and safer cancer treatment.

Regional Segmentation:

North America
Latin America
Europe
Middle East & Africa
Asia Pacific

Asia Pacific Brachytherapy market is expected to register the highest CAGR during the forecast period from 2020 to 2027. The region accounts for more than 60% of the global population and half the global burden of cancer. The prevalence of cancer is rising owing to an unhealthy lifestyle. Additionally, limited access to technologically advanced cancer treatments offers a large scope for the market players.

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Table of Content

Chapter 1. Methodology & Sources

    1.1. Market Definition

    1.2. Research Scope

    1.3. Methodology

    1.4. Research Sources

          1.4.1. Primary

          1.4.2. Secondary

          1.4.3. Paid Sources

    1.5. Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2019-2027

Chapter 3. Key Insights

Chapter 4. Brachytherapy Market Segmentation & Impact Analysis

    4.1. Brachytherapy Market Material Segmentation Analysis

    4.2. Industrial Outlook

          4.2.1. Market indicators analysis

          4.2.2. Market drivers analysis

                    4.2.2.1. Rising incidence of cancer

                    4.2.2.2. Growing demand for minimally invasive procedures

                    4.2.2.3. Growing awareness in emerging economies

          4.2.3. Market restraints analysis

                    4.2.3.1. Presence of alternative therapies

    4.3. Technological Insights

    4.4. Regulatory Framework

    4.5. Porter's Five Forces Analysis

    4.6. Competitive Metric Space Analysis

    4.7. Price trend Analysis

    4.8. Covid-19 Impact Analysis

Chapter 5. Brachytherapy Market By Type Insights & Trends, Revenue (USD Million)

    5.1. Type Dynamics & Market Share, 2019 & 2027

          5.1.1. High Dose Rate (HDR) Brachytherapy

          5.1.2. Low Dose Rate (LDR) Brachytherapy

          5.1.3. Others

Chapter 6. Brachytherapy Market By Application Insights & Trends Revenue (USD Million)

    6.1. Application Dynamics & Market Share, 2019 & 2027

          6.1.1. Prostate Cancer

          6.1.2. Gynecological Cancer

          6.1.3. Breast Cancer

          6.1.4. Skin Cancer

          6.1.5. Others

Chapter 7. Brachytherapy Market By End-Users Insights & Trends Revenue (USD Million)

    7.1. End-Users Dynamics & Market Share, 2019 & 2027

          7.1.1. Hospitals

          7.1.2. Specialty Clinics

          7.1.3. Others

Continue…!

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