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9th Nov 2022 Brachytherapy Market Companies, Size, Revenue Analysis, Industry Outlook, Forecast Till 2030
Brachytherapy Market Companies, Revenue Forecast, Competitive Landscape, Growth Factors, Trends and Information by type (High dose-rate (HDR) brachytherapy, Low dose-rate (LDR) brachytherapy, Pulse Dose Rate (PDR) brachytherapy), by device (after loader and applicators) by application prostate cancer, cervical cancer, breast cancer, skin cancer, others)
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Radiation Therapy Equipment
The estimated global market size for The estimated global market size for Radiation Therapy Equipment is over US$ 5,913 million in 2019, demonstrating a steady CAGR of 6.1% between 2019 and 2028. The industry is characterized by a high level of consolidation, with major players commanding three-quarters of the market share. Recent trends indicate companies redirecting efforts to enhance sales presence and establish partnerships with third-party suppliers to reduce costs. Anticipated industry competition will intensify as players increasingly adopt inorganic growth strategies.
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The escalating prevalence of chronic illnesses, coupled with the demand for early diagnosis and effective treatment, is expected to drive the sales of radiation therapy equipment. The World Cancer Research Fund reports that over 17 million new cancer cases were diagnosed in 2018, a number rapidly increasing due to sedentary lifestyles. The growing demand for efficient treatment is set to boost equipment sales.
Technological advancements will be pivotal in driving sales, with consumers gravitating towards personalized solutions. Future strategic trends are expected to revolve around equipment design, central to strengthening market presence.
Global Radiation Therapy Equipment Market Size, Segment Analysis:
Therapy:
External Beam Radiation Therapy
Internal Beam Radiation Therapy
Systematic Radiation Therapy
Among these, systematic beam radiation therapy held the highest share in 2018, while external radiation therapy is projected to register the fastest growth during the forecast period.
Equipment:
Radiosurgery
Proton Therapy
Brachytherapy
Adaptive Radiotherapy
Intra-operative Radiotherapy (IORT)
Molecular Radiotherapy
End-use:
Hospitals
Specialty Clinics
Diagnostic Centers
Ambulatory Surgical Centers
Hospitals accounted for 61% of total sales, with the majority of procedures conducted in these settings.
Global Radiation Therapy Equipment Market Size, Regional Analysis:
North America dominated radiation therapy equipment sales, credited to well-established healthcare infrastructure, favorable reimbursement policies, and a rising number of chronic illness cases. On the supply side, companies primarily operate through direct distribution channels, establish long-term partnerships with end-use clients, and focus on product-level innovation. Western Europe closely followed North America, accounting for 31% of global radiation therapy equipment sales in 2018, with Germany leading in sales, followed by the UK and France.
Global Radiation Therapy Equipment Market Size, Competition Landscape:
Key Industry Players:
GE Healthcare
Accuray Incorporated
Elekta AB
Varian Medical Systems Inc.
Sumitomo Heavy Industries Ltd.
Hitachi America Ltd.
RaySearch Laboratories AB
IBA Group
Philips Healthcare
BrainLab AG
Nordion Inc.
Research Scope:
By Therapy Type:
External Beam Radiation Therapy
Internal Beam Radiation Therapy
Systematic Radiation Therapy
By Equipment Type:
Radiosurgery
Proton Therapy
Brachytherapy
Adaptive Radiotherapy
Intra-operative Radiotherapy (IORT)
Molecular Radiotherapy
By End-use:
Hospitals
Specialized Clinics
Diagnostic Centers
Ambulatory Surgical Centers
is over US$ 5,913 million in 2019, demonstrating a steady CAGR of 6.1% between 2019 and 2028. The industry is characterized by a high level of consolidation, with major players commanding three-quarters of the market share. Recent trends indicate companies redirecting efforts to enhance sales presence and establish partnerships with third-party suppliers to reduce costs. Anticipated industry competition will intensify as players increasingly adopt inorganic growth strategies.
The escalating prevalence of chronic illnesses, coupled with the demand for early diagnosis and effective treatment, is expected to drive the sales of radiation therapy equipment. The World Cancer Research Fund reports that over 17 million new cancer cases were diagnosed in 2018, a number rapidly increasing due to sedentary lifestyles. The growing demand for efficient treatment is set to boost equipment sales.
Technological advancements will be pivotal in driving sales, with consumers gravitating towards personalized solutions. Future strategic trends are expected to revolve around equipment design, central to strengthening market presence.
Global Radiation Therapy Equipment Market Size, Segment Analysis:
Therapy:
External Beam Radiation Therapy
Internal Beam Radiation Therapy
Systematic Radiation Therapy
Among these, systematic beam radiation therapy held the highest share in 2018, while external radiation therapy is projected to register the fastest growth during the forecast period.
Equipment:
Radiosurgery
Proton Therapy
Brachytherapy
Adaptive Radiotherapy
Intra-operative Radiotherapy (IORT)
Molecular Radiotherapy
End-use:
Hospitals
Specialty Clinics
Diagnostic Centers
Ambulatory Surgical Centers
Hospitals accounted for 61% of total sales, with the majority of procedures conducted in these settings.
Global Radiation Therapy Equipment Market Size, Regional Analysis:
North America dominated radiation therapy equipment sales, credited to well-established healthcare infrastructure, favorable reimbursement policies, and a rising number of chronic illness cases. On the supply side, companies primarily operate through direct distribution channels, establish long-term partnerships with end-use clients, and focus on product-level innovation. Western Europe closely followed North America, accounting for 31% of global radiation therapy equipment sales in 2018, with Germany leading in sales, followed by the UK and France.
Global Radiation Therapy Equipment Market Size, Competition Landscape:
Key Industry Players:
GE Healthcare
Accuray Incorporated
Elekta AB
Varian Medical Systems Inc.
Sumitomo Heavy Industries Ltd.
Hitachi America Ltd.
RaySearch Laboratories AB
IBA Group
Philips Healthcare
BrainLab AG
Nordion Inc.
Research Scope:
By Therapy Type:
External Beam Radiation Therapy
Internal Beam Radiation Therapy
Systematic Radiation Therapy
By Equipment Type:
Radiosurgery
Proton Therapy
Brachytherapy
Adaptive Radiotherapy
Intra-operative Radiotherapy (IORT)
Molecular Radiotherapy
By End-use:
Hospitals
Specialized Clinics
Diagnostic Centers
Ambulatory Surgical Centers
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Global Nuclear Medicine Market Size, Trends, Analysis, Growth, Share, Industry Forecast, 2023-2030
Global Nuclear Medicine Market
The Global Nuclear Medicine Market was valued at US$ 5.97 Bn in 2022 estimated to reach US$ 11.59 Bn by 2030, with a CAGR of 8.33% from 2023-2030.
In the field of medicine known as nuclear medicine, numerous ailments such as cancer, cardiac disease, and neurological problems are diagnosed and treated using radioactive materials called radiopharmaceuticals. High-tech cameras allow medical personnel to monitor the radioactive tracers' progress. Additionally, two essential imaging modalities in nuclear medicine are single-photon emission computed tomography (SPECT) and positron emission tomography (PET).
Read More: https://qualiketresearch.com/reports-details/Global-Nuclear-Medicine-Market
Market Drivers
The availability of a strong product pipeline and supportive government programs to increase accessibility to nuclear medicine is anticipated to drive market growth in the coming years. Clinical trials are being conducted on several products, such as betalains, omburtamab, yttrium-90 microspheres, PNT2003, and 177Lu-PNT2002. The U.S. has a favorable reimbursement environment for radiopharmaceuticals is expected to stimulate market expansion.
In addition, therapy requirements for patients are growing improvements in disease diagnosis and therapy as well as the approval of novel nuclear medicine-based technologies. For instance, GE Healthcare announced in September 2021 the introduction of a unique scanner with a new automated workflow feature that delivers an excellent view of cardiac anatomy and pathology to aid physicians in selecting the best course of treatment for a patient.
Market Segmentation
The scope of the Global Nuclear Medicine Market covers segmentation based on Diagnostics, Therapeutics, Applications, and Region.
Based on Diagnostics, the market is segmented into Single Photon Emission Computed Tomography (SPECT) and Positron Emission Tomography (PET).
Based on Therapeutics, the market is classified into Alpha Emitters, Beta Emitters, and Brachytherapy.
Based on Applications, the market is bifurcated into Cardiology, Neurology, Oncology, and Other Applications.
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Regional Analysis
The Global Nuclear Medicine Market is segmented into 5 main regions, namely, North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
The primary market for nuclear medicine is North America.
The United States' booming healthcare industry, rising cancer rates, rising geriatric population, rise in product launches driving up radioisotope usage, and increased initiatives and investments in cutting-edge healthcare solutions for cancer treatment are all expected to contribute to the market's expansion. In the United States, funding for cancer illness research and treatment is likewise rising. The National Centre for Health Statistics (NCHS) of the Centres for Disease Control & Prevention (CDC) has produced data that estimates cancer-related investments might reach up to USD 7,176 million in 2021.
Key Developments
The Department of Nuclear Medicine at PSG Hospitals in Coimbatore, which is outfitted with cutting-edge technology for diagnosing cancer and other disorders, was opened in April 2022 by Health Minister Ma. Subramanian.
A program enabling nuclear medicine facilities the chance to become designated and certified Centres of Excellence in Radiopharmaceutical Therapy was introduced by SNMMI in February 2022. Strict regulatory, training, certification, experience, and performance standards will be met by the centers, resulting in optimal patient selection and radiopharmaceutical therapy outcomes.
Key Players
Mallinckrodt plc., General Electric Co., Medtronic, plc. (Covidien, acquired by Medtronic), Bayer AG, Cardinal Health, Inc., Lantheus Medical Imaging, Inc., IBA Group, Bracco Imaging S.p.A, NTP Radioisotopes SOC Ltd., Advanced Accelerator Applications S.A.
Key Questions Addressed by the Report
• What are the Key Opportunities in Global Bonsai Market?
• What will be the growth rate from 2023 to 2030?
• Which segment/region will have the highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?
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Advancements and Opportunities in the Global Radiotherapy Market
In recent years, the global healthcare landscape has witnessed remarkable advancements in cancer treatment, with radiotherapy playing a pivotal role in this transformative journey. The global radiotherapy market has experienced significant growth, driven by technological innovations, increasing cancer prevalence, and a growing awareness of the effectiveness of radiotherapy in cancer management.
Understanding Radiotherapy:
Radiotherapy, also known as radiation therapy, is a medical treatment that uses high doses of radiation to kill or damage cancer cells. It can be delivered externally or internally, targeting specific areas affected by cancer. The primary goal of radiotherapy is to shrink tumors, alleviate symptoms, and ultimately improve patients' quality of life.
Market Dynamics:
Technological Advancements: The radiotherapy market has witnessed a surge in technological innovations, such as intensity-modulated radiation therapy (IMRT), stereotactic body radiation therapy (SBRT), and proton therapy. These advancements allow for more precise targeting of cancer cells while minimizing damage to healthy tissues, leading to improved treatment outcomes.
Increasing Cancer Incidence: The rising global incidence of cancer has fueled the demand for effective and efficient treatment options. Radiotherapy has emerged as a crucial component of comprehensive cancer care, contributing to the market's growth.
Growing Awareness: A growing awareness of the benefits of radiotherapy, coupled with initiatives to educate both healthcare professionals and the general public, has played a significant role in driving market growth. Patients are increasingly considering radiotherapy as a viable and accessible treatment option.
Market Segmentation:
The global radiotherapy market is segmented based on technology, application, end-users, and region.
Technology: The market is divided into external beam radiotherapy, internal beam radiotherapy (brachytherapy), and systemic radioisotope therapy.
Application: Radiotherapy finds applications in various cancer types, including breast cancer, lung cancer, prostate cancer, and others.
End-users: Hospitals, cancer treatment centers, and research institutions are the primary end-users of radiotherapy technologies.
Opportunities and Challenges:
Opportunities:
Emerging Markets: Developing economies present untapped opportunities for market expansion, as the demand for advanced cancer treatment options continues to rise.
Personalized Medicine: The integration of personalized medicine and radiotherapy holds immense potential, allowing for tailored treatment plans based on individual patient profiles.
Collaborative Research: Collaborations between healthcare providers, research institutions, and technology companies can lead to breakthrough innovations and drive market growth.
Challenges:
Cost Constraints: The high initial costs associated with advanced radiotherapy technologies may limit their accessibility in certain regions, posing a challenge for market penetration.
Regulatory Hurdles: Stringent regulatory processes and approvals can slow down the introduction of new radiotherapy technologies to the market.
Future Outlook:
The global radiotherapy market is poised for continued growth, with a focus on improving treatment precision, reducing side effects, and expanding access to advanced technologies. As research and development efforts persist, the market is likely to witness further breakthroughs, ultimately contributing to enhanced cancer care worldwide.
Conclusion:
The global radiotherapy market is undergoing a transformative phase, driven by technological advancements, increasing cancer incidence, and a growing awareness of the benefits of radiotherapy. As the healthcare industry continues to prioritize cancer care, the radiotherapy market is expected to play a crucial role in shaping the future of cancer treatment. With a focus on innovation, collaboration, and accessibility, the journey towards more effective and personalized radiotherapy solutions is well underway.
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Radiation Therapy in Oncology Market: Redefining Strategies for Success
The new report titled ‘Global Radiation Therapy in Oncology Market,’ published by Emergen Research is a vivid presentation of the global Radiation Therapy in Oncology market, with utmost focus on the forecast market size, share, value, and volume over the projected timeline. The report throws light on the current economic landscape of this business vertical and evaluates the top market trends. It has been compiled through significant primary research, including surveys, interviews, and expert analysts’ observations. It features insightful qualitative and quantitative assessments of the Radiation Therapy in Oncology industry, gathering industry-verified data from the value chain analysis. The report, additionally, examines the prevailing trends in the market, along with the macro- and micro-economic indicators. The report delivers a deep understanding of the key aspects of the Radiation Therapy in Oncology market, for instance, import and export dynamics, production and consumption rates, and consumer bases across the major market regions. Thus, the report concludes with the essential market statistics presented in a tabular format to help readers get a clear idea of the global market dynamics.
The global radiation therapy in oncology market size is expected to reach USD 8.86 Billion at a revenue CAGR of 5.08% in 2030, according to latest analysis by Emergen Research. Steady market revenue growth can be attributed to increasing prevalence of cancer and increasing adoption of radiation therapy procedures in hospitals, clinics, and other medical centers.
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This report is the latest document discussing the current economic situation gravely impacted by the COVID-19 outbreak in detail. The global health emergency has led to massive changes in the global economy and the Radiation Therapy in Oncology business sphere. The current scenario of this ever-evolving business vertical has been clearly depicted in the report, which contains a broad analysis of the pandemic’s present and future effects.
Report Highlights:
Besides offering a vivid depiction of the global Radiation Therapy in Oncology business sphere and its fundamental operations, the latest report provides the industrial chain analysis and list down the current and future market trends and growth opportunities.
The report includes information on the present and historical market scenarios, which helps forecast the market conditions.
The report scrutinizes the salient factors influencing the growth of the market in the near future.
The strategic marketing recommendations, crucial information related to the new market entrants, and expansion plans of various businesses are poised to provide the reader with a competitive edge in the market.
Major Geographies Covered in the Report:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Request a customized copy of the report @ https://www.emergenresearch.com/request-for-customization/1025
Analysis of the segments and their growth projection is carried out by extensive historical and current analysis of the market scenario. Further, the report offers details about the factors and features of the Radiation Therapy in Oncology market expected to boost the growth of the industry in the coming years.
Radiation Therapy in Oncology Market Segmentation:
Type Outlook (Revenue, USD Billion; 2022–2030)
Internal Beam Radiation Therapy
External Beam Radiation Therapy
Technology Outlook (Revenue, USD Billion; 2022–2030)
Image Guided Radiotherapy
Stereotactic Technology
Proton Beam Therapy
Intensity Modulated Radiotherapy
3D Conformal Radiotherapy
Brachytherapy
Others
Application Outlook (Revenue, USD Billion; 2022–2030)
Breast Cancer
Lung Cancer
Prostate Cancer
Cervical Cancer
Colorectal Cancer
Others
Competitive Outlook:
The latest research report is inclusive of a precise summary of the intensely competitive landscape of the global Radiation Therapy in Oncology market. It offers a systematic presentation of the company profiles of the leading market players. This section of the report analyzes the effective initiatives undertaken by these players for business expansion in the long run. In addition, this section highlights the key developments and financial positions of these companies to explain the overall market scenario. The company profiles of the established and new players have been assessed using certain effective analytical tools, such as Porter’s Five Forces analysis and SWOT analysis.
The report also discusses the key players involved in the market such as
Elekta AB, Isoray Medical, Nordion Inc., Varian Medical Systems Inc., NTP Radioisotopes SOC Ltd., Accuracy Inc., Viewray Technologies Inc., Mevion Medical Systems Inc., C. R. Bard Inc., and Curium Pharma
For more details of the Radiation Therapy in Oncology Market Report, visit @ https://www.emergenresearch.com/industry-report/radiation-therapy-in-oncology-market
Global Radiation Therapy in Oncology Market Highlights:
Regional demand estimation and forecast
Product Mix Matrix
R&D Analysis
Cost-Benefit Analysis
Pre-commodity pricing volatility
Supply chain optimization analysis
Technological updates analysis
Raw Material Sourcing Strategy
Competitive Analysis
Mergers & Acquisitions
Location Quotients Analysis
Carbon Footprint Analysis
Patent Analysis
Vendor Management
Thank you for reading our report. Please get in touch with us if you have any query regarding the report or its customization. Our team will ensure the report is best suited to your needs.
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Global Oncology Devices Market Outlook Through 2023-2032
The Business Research Company’s Oncology Devices Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Oncology Devices Global Market Report 2023 evaluates oncology devices market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global oncology devices market size grew from $107.81 billion in 2022 to $128.33 billion in 2023 at a compound annual growth rate (CAGR) of 19.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global oncology devices is expected to grow from $250.74 billion in 2027 at a CAGR of 18.2%.
The oncology devices market segments in the report are:
1) By Device Type: Brachytherapy Devices, Endoscopic Devices
2) By Therapy: Chemotherapy, Hormone Therapy, Biotherapy/Immunotherapy, Radiation Therapy
3) By End User: Hospitals, Cancer Research Institutes, Other End Users
Get More Information On The Oncology Devices Market Report:
The table of contents in TBRC’s oncology devices market report includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
.
.
.
27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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Nuclear Medicine/Radiopharmaceuticals Market – Trends Forecast Till 2028
Nuclear Medicine/Radiopharmaceuticals Market by Type (Diagnostic (SPECT - Technetium, PET - F-18), Therapeutic (Beta Emitters - I-131, Alpha Emitters, Brachytherapy - Y-90)), Application (Oncology, Cardiology), Procedures and Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)
The Nuclear Medicine/Radiopharmaceuticals Market size is projected to reach a CAGR of 10.1% from 2021 to 2028.
Radiopharmaceuticals are pharmaceutical formulations comprising radioactive isotopes that are used in diagnosis and therapeutics. They are simple and small substances that contain a radioactive substance that is used in the treatment of cancer and cardiac & neurological disorders.
Increasing incidence and prevalence of cancer and cardiac ailments and initiatives to lessen the demand-supply gap of Mo-99 are some of the factors that have supported long-term expansion for Nuclear Medicine/Radiopharmaceuticals Market.
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Regional Analysis
North America is expected to account for the largest share of the nuclear medicine market during the forecast period, The large share of North America can be attributed to the development of novel technologies for radioisotope production, government funding, increasing R&D expenditure and company initiatives in the region.
Key Players
Mallinckrodt plc.
General Electric Co. (healthcare division)
Medtronic, Inc.
Bayer AG
Cardinal Health, Inc.
Lantheus Medical Imaging, Inc.
IBA Group
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Recent Developments
In 2021, Bracco entered into a partnership with CardioNavix which will help improve patient access to cardiac PET imaging.
In 2019. Curium acquired MAP Medical, which will help it to increase its footprint in Europe with direct access to Nordic and Baltic countries.
Reasons to Acquire
Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
Gain authentic and granular data access for Nuclear Medicine/Radiopharmaceuticals Market so as to understand the trends and the factors involved behind changing market situations
Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
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Report Scope
Nuclear Medicine/Radiopharmaceuticals Market is segmented into type, application, procedural volume assessment and region.
On the basis of Type
Diagnostic Nuclear Medicine
Therapeutic Nuclear Medicine
Brachytherapy Isotopes
On the basis of Application
Diagnostic Applications
On the basis of Procedural Volume Assessment
Diagnostic Procedures
Therapeutic Procedures
On the basis of Region
Asia Pacific
North America
Europe
South America
Middle East & Africa
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