Brachytherapy Market Overview 2024-2033 – Competitive Landscape and Strategies

The Brachytherapy Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Brachytherapy Global Market Report 2024, The brachytherapy market size is expected to see strong growth in the next few years. It will grow to $1.27 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to tailoring treatments based on genetic and molecular profiles, increasing demand due to higher cancer incidence in elderly populations, expansion of healthcare facilities supporting brachytherapy, higher investments in cancer treatment, increasing preference for less invasive therapies. Major trends in the forecast period include innovation in brachytherapy techniques and equipment, personalized medicine, integration of advanced imaging technologies such as MRI and PET-CT for real-time guidance during brachytherapy procedures, growing preference for outpatient brachytherapy procedures, and advanced brachytherapy technology.

The increasing cancer burden is expected to propel the growth of the brachytherapy market going forward. The cancer burden is rising due to aging populations, lifestyle changes, and increased exposure to risk factors such as tobacco, poor diet, and environmental pollutants. Brachytherapy is used to manage the cancer burden by offering a targeted and effective treatment option that can be tailored to various types of cancer, providing localized therapy while minimizing overall treatment time and side effects. For instance, in January 2022, according to the American Cancer Society, a US-based cancer awareness non-profit organization, in the US, an estimated 1.9 million new cancer cases and 609,360 cancer-related deaths are expected, reaching up to approximately 1,670 deaths daily. Globally, the most prevalent cancers include lung, prostate, colorectal, and breast cancers, constituting 43% of all newly diagnosed cases. Therefore, the increasing cancer burden will drive the brachytherapy market.

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The brachytherapy market covered in this report is segmented –

1) By Product Type: Seeds, Applicators And Afterloaders, Electronic Brachytherapy
2) By Dosage Type: High-Dose Rate (HDR) Brachytherapy, Low-Dose Rate (LDR) Brachytherapy
3) By Application: Prostate Cancer, Gynecological Cancer, Breast Cancer, Other Applications
4) By End-User: Hospitals, Specialty Clinics, Other End-Users

Major companies operating in the brachytherapy market are focused on developing innovative technological solutions, such as standard afterloader technology, to enhance treatment precision and efficacy. Standard afterloader technology in brachytherapy refers to automated devices that deliver radioactive sources to tumor sites, ensuring precise radiation dose administration. For instance, in April 2024, Varian Medical Systems, a US-based medical device manufacturing company, partnered with Maastro, a US-based radiotherapy clinic, to launch an innovative brachytherapy applicator designed for accurate delivery of HDR brachytherapy in the treatment of rectal cancer. The new partially 3D-printed applicator was co-developed by Maastro radiation oncologists and physicists together with Varian experts to provide radiotherapists with improved treatment options for rectal cancer patients. The applicator is designed to increase contact with the tumor and provide a uniform dose distribution, with a dose range similar to that of contact X-ray brachytherapy (CXB).

The brachytherapy market report table of contents includes:

1. Executive Summary
2. Baggage Scanner Market Characteristics
3. Baggage Scanner Market Trends And Strategies
4. Baggage Scanner Market – Macro Economic Scenario
5. Global Baggage Scanner Market Size and Growth
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix