The global brachytherapy afterloaders, brachytherapy seeds market size was significantly large in 2022, and is expected to continue to register a rapidly inclining revenue CAGR between 2023 and 2032. One of the key factors responsible for driving market revenue growth is increasing prevalence of cancer among people. In addition, brachytherapy afterloaders and brachytherapy seeds have numerous benefits, such as higher effectiveness, free from radiation exposure, and short operating time.
Brachytherapy afterloader is one of the most common types of radiation therapy that is used to treat cancer. It is usually suitable as a combination with other treatments or a single method, such as an external beam radiation therapy. It is also called internal radiation therapy or seed therapy. The working principle of brachytherapy is to target cancerous tumors from the body. Seeds are small radioactive substances introduced into the body. Depending on the type of cancer, brachytherapy seeds can be introduced into the body permanently or temporarily. Radioactive seeds are introduced into the cancerous tissue and positioned in the most effective way to fight the cancer. The method of fighting cancer cells through brachytherapy reduces the risk of damage to healthy tissue and organs surrounding the tumor.
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Major Factors Driving Growth of The Global Brachytherapy Afterloaders, Brachytherapy Seeds Market:
Increasing investments in research and development activities by key players, ongoing technological advancements, and rising prevalence of cancer are anticipated to drive the global brachytherapy afterloaders, brachytherapy seeds market. Besides, brachytherapy can reduce the effect of viruses in tumors and can eliminate the risk of deaths, which, in turn, is set to create high demand from oncological patients. Consumers nowadays are ready to spend heftily for improving their health conditions. Coupled with this, rising geriatric population around the globe is anticipated to accelerate the brachytherapy afterloaders, brachytherapy seeds market. Older people are at high risk of getting diagnosed with cancer.
Factors Restraining Growth of The Global Brachytherapy Afterloaders, Brachytherapy Seeds Market:
High cost associated with the brachytherapy afterloader, inability to maintain technologically advanced systems, especially in developing countries, and unemployment in various regions are expected to restrain the global brachytherapy afterloaders, brachytherapy seeds market in the upcoming years. Additionally, various side effects associated with radiation therapy, such as hair loss, fatigue, appetite, and nausea would hamper market growth across the globe.
Opportunities For Players Operating in The Global Brachytherapy Afterloaders, Brachytherapy Seeds Market:
Favorable reimbursement programs, technological advancements in developing countries, absence of radioactive waste, minimum exposure to radiation, and less radiation doses for organs which are at risk are some of the major factors expected to create new growth opportunities for key market players. In addition, launch of new products, emergence of technologically advanced products, increasing prevalence of obesity, and surging popularity of high-dose rate brachytherapy are also likely to help companies to get growth opportunities in the global brachytherapy afterloaders, brachytherapy seeds market.
Global Brachytherapy Afterloaders, Brachytherapy Seeds Market Led by Type Segment:
Based on type, the global brachytherapy afterloaders, brachytherapy seeds type, the market is segmented into brachytherapy afterloaders, brachytherapy seeds, and electronic brachytherapy. The brachytherapy afterloaders segment is expected to show significant growth, owing to high demand for premium-quality industrial valves from the medical equipment and other industries.
Global Brachytherapy Afterloaders, Brachytherapy Seeds Market Leading Application Segment:
Based on application, the global brachytherapy afterloaders, brachytherapy seeds market is segmented into prostate cancer, gynecological cancer, breast cancer, and others. The prostate cancer segment dominated the market in 2020 and is likely to retain its dominant position in the near future. Increasing adoption of effective treatment options, such as brachytherapy in combination with radiotherapy of the external beam in patients with localized prostate cancer is likely to boost this segment’s growth. The breast cancer segment is set to also grow steadily, owing to rising usage of Accelerated Partial Breast Irradiation (APBI) in brachytherapy.
North America Accounts for Largest Revenue Share in Global Brachytherapy Afterloaders, Brachytherapy Seeds Market:
The North America brachytherapy afterloaders, brachytherapy seeds market is expected to lead with the largest share during the forecast period. Increasing advantages of brachytherapy, compared to traditional methods, is set to surge demand in this region. This therapy is relatively safe and efficient for cancer treatment. Also, increasing investment in research and development activities to find novel cancer treatment methods would propel growth in North America.
Asia Pacific Continues to Lead in Terms of Revenue CAGR:
Asia Pacific brachytherapy afterloaders, brachytherapy seeds market is expected to grow at the highest revenue CAGR in the forthcoming years. Increasing healthcare expenditure and rising geriatric population vulnerable to cancers and related diseases would propel growth in this region. Also, limited access to technologically advanced cancer treatment and adoption of unhealthy lifestyles are anticipated to bolster growth in Asia Pacific.
Major Companies Profiled in The Report:
- Varian Medical Systems, Inc.
- Theragenics Corporation
- Isoray Medical, Inc
- Dickinson & Company
- CIVCO Medical Solutions
- Eckert & Ziegler BEBIG
- Elekta AB
- iCAD, Inc.
Strategies And Objectives of Major Companies:
- In September, 2021 Varian Medical Systems, Inc. announced that their China Medical University Hospital located in Central Taiwan treated their patient with the help of Ethos therapy for cancer and Ethos is an advanced cancer treatment.
- In December, 2020 CIVCO Medical Solutions announced their collaboration with Fujifilm Sonosite, Inc. for their laund of gel-free ultrasound probe covers and scanning pads.
What Our Report Provides and Why Our Offering Is Better:
This report offers historical data points and forecasts and revenue growth at a global, regional, and country level, and provides analysis, industry trends, and consumption pattern details for each region, major country, and segment from 2023 to 2032. The global market report includes industry trends, drivers, restraints, opportunities, threats, market strategies, segment revenue, and market share contribution by each regional and country market. In addition, the report offers industry analysis and competitive landscape, company financials, and impact analysis. The report includes a detailed view of the global market, along with changing dynamics and trends, scenarios, detailed market and regional segmentation, regional landscape, analysis and evaluation, major investments, product offerings, product launches, and details of historical, current, and projected revenues.
Detailed Segmentation in Our Report:
For the purpose of this report, global brachytherapy afterloaders, brachytherapy seeds market is segmented on the basis of type, application, end-use, dosage, and region:
Type Outlook (Revenue, USD Billion; 2023-2032)
- Brachytherapy Afterloaders
- Brachytherapy Seeds
- Electronic Brachytherapy
Application Outlook (Revenue, USD Billion; 2023-2032)
- Prostate Cancer
- Gynecological Cancer
- Breast Cancer
End-use Outlook (Revenue, USD Billion; 2023-2032)
- Radiation Therapy Centers
- Ambulatory Service Centers
Dosage Outlook (Revenue, USD Billion; 2023-2032)
- HDR Brachytherapy
- LDR Brachytherapy
Region Outlook (Revenue, USD Billion; 2023-2032)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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