PUBLISHER: The Business Research Company | PRODUCT CODE: 1713546
PUBLISHER: The Business Research Company | PRODUCT CODE: 1713546
Brachytherapy devices are specialized medical tools designed to deliver internal radiation therapy directly to or near cancerous tumors. These devices allow for high-dose radiation to be targeted with minimal damage to surrounding healthy tissues, making them particularly effective for treating cancers that are difficult to manage with external beam radiation.
The main types of brachytherapy devices include brachytherapy after loaders, brachytherapy applicators, and others. Brachytherapy after loaders are automated systems that accurately insert and withdraw radioactive sources during treatment to ensure precise radiation delivery. These devices are used for various cancers, such as prostate, breast, cervical, and skin cancer, with different dose rates such as high dose rate (HDR), low dose rate (LDR), and pulse dose rate (PDR) brachytherapy. They are employed by various end-users, including hospitals, specialty clinics, and others.
The brachytherapy devices market research report is one of a series of new reports from The Business Research Company that provides brachytherapy devices market statistics, including brachytherapy devices industry global market size, regional shares, competitors with a brachytherapy devices market share, detailed brachytherapy devices market segments, market trends, and opportunities, and any further data you may need to thrive in the brachytherapy devices industry. This brachytherapy devices market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The brachytherapy devices market size has grown strongly in recent years. It will grow from $0.75 billion in 2024 to $0.8 billion in 2025 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to the increasing prevalence of cancer, rise in the adoption of brachytherapy, increase in the geriatric population, favorable reimbursement policies, and adoption of unhealthy lifestyles.
The brachytherapy devices market size is expected to see strong growth in the next few years. It will grow to $1.03 billion in 2029 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to growing government initiatives regarding cancer treatment, growing burden of cancer, high emphasis on personalization of treatment plans, Increasing adoption in emerging markets, and rising healthcare infrastructure. Major trends in the forecast period include technological advancements, innovation in cancer treatment, technological advancements in minimally invasive surgical procedures, advancements in radiation therapy, and specialized medical instruments.
The rising prevalence of cancer is anticipated to drive the growth of the brachytherapy devices market in the coming years. Cancer is a complex group of diseases defined by the abnormal growth and spread of cells. The increasing incidence of cancer can be attributed to factors such as an aging population, lifestyle choices, genetic predispositions, and environmental exposures. Brachytherapy devices provide significant advantages to cancer patients by delivering targeted radiation directly to tumors, maximizing treatment effectiveness while minimizing damage to surrounding healthy tissue. This precise method not only enhances the therapy's efficacy but also reduces side effects, shortens treatment duration, and lowers the risk of cancer recurrence, ultimately improving patient outcomes and quality of life. For example, in February 2024, the World Health Organization, a Switzerland-based agency of the United Nations, projected that over 35 million new cancer cases will be diagnosed by 2050, representing a 77% increase from the estimated 20 million cases in 2022. Thus, the increasing prevalence of cancer is fueling the growth of the brachytherapy devices market.
Key players in the brachytherapy devices market are focusing on developing innovative technologies, such as advanced brachytherapy machines, to meet the needs of cancer patients requiring specialized treatment. A state-of-the-art brachytherapy machine is a cutting-edge device designed to deliver internal radiation therapy with maximum precision, efficacy, and safety. This technology enables a high dose of radiation to be administered directly to cancerous tissue while minimizing exposure to surrounding healthy areas. For instance, in June 2024, AIIMS Nagpur, a medical institute in India, introduced a state-of-the-art brachytherapy machine aimed at improving the precision of cancer treatments. This advanced equipment allows for highly localized radiation therapy, enhancing tumor targeting while reducing damage to healthy tissues, and is expected to improve treatment outcomes for patients undergoing radiation therapy by ensuring more accurate and controlled radiation delivery.
In October 2023, Sweden-based neuroscience company Elekta acquired the Xoft business from iCAD Inc. for an undisclosed amount. This acquisition was intended to strengthen Elekta's brachytherapy portfolio and improve outcomes for cancer patients. iCAD Inc. is a U.S.-based company specializing in the production of brachytherapy devices.
Major companies operating in the brachytherapy devices market are Siemens Healthineers AG, Becton, Dickinson and Company, GE HealthCare Technologies Inc., Boston Scientific Corporation, Koninklijke Philips N.V., Varian Medical Systems Inc., Carl Zeiss Meditec AG, Elekta AB, Hologic Inc., Mirion Technologies Inc., Accuray Inc., Eckert & Ziegler BEBIG S.A., Theragenics Corporation, Sensus Healthcare Inc., Aetna Inc., CIVCO Medical Solutions, iCAD Inc., IsoRay Inc., BEBIG Medical GmbH, IsoAid L.L.C.
North America was the largest region in the brachytherapy devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the market going forward. The regions covered in the brachytherapy devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the brachytherapy devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The brachytherapy devices market consists of sales of applicators, catheters, needles, and seed implants. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Brachytherapy Devices Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on brachytherapy devices market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for brachytherapy devices ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The brachytherapy devices market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.