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PUBLISHER: The Insight Partners | PRODUCT CODE: 1471950

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PUBLISHER: The Insight Partners | PRODUCT CODE: 1471950

Brachytherapy Devices Market Size and Forecast, Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product Type, Type, Application, End User, and Geography

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The brachytherapy devices market forecast can help stakeholders in this marketplace plan their growth strategies. The market is projected to grow from US$ 310.96 million in 2022 to US$ 501.75 million by 2030; it is projected to register a CAGR of 6.2% during 2022-2030.

Brachytherapy is a form of radiation treatment used to treat cancer. It involves placing radioactive materials inside the patient's body to deliver high doses of radiation to the affected areas. There are two types of brachytherapy techniques available - Low Dose Rate (LDR) and High Dose Rate (HDR), both of which are commonly used to treat prostate cancer. The increasing prevalence of cancer worldwide is expected to boost the adoption of brachytherapy treatment. Additionally, the advantages of brachytherapy over traditional treatment methods, such as shorter treatment times, greater effectiveness, and advancement in brachytherapy devices, are likely to drive growth in the global brachytherapy devices market.

Factors Affecting Brachytherapy Therapy Devices Market

Brachytherapy has undergone significant advancements in the last decade, attributed to improved applicators, imaging, treatment planning, and clinical trials. Moreover, the current research on brachytherapy technology continuously changes how this treatment modality is delivered. Combining brachytherapy with other treatments, such as external radiation therapy, chemotherapy, immunotherapy, or surgery, has become a promising trend in cancer management. For instance, in an article published by the Journal of Contemporary Brachytherapy in August 2021, studies on cancer treatment through combined modality, tumor sensitization and normal tissue protection, molecular radiation biology, and clinical investigations of brachytherapy were conducted. It was concluded that combining brachytherapy with immunotherapy can improve local tumor control and enhance non-irradiated lesion responses.

Therefore, such advancements in brachytherapy devices and treatments are anticipated to fuel the market during the forecast period.

Brachytherapy Therapy Devices Market Analysis Based on the Segmental Share:

The brachytherapy therapy devices market, by product type, is segmented into seeds, brachytherapy afterloaders and applicators, and electronic brachytherapy. The brachytherapy afterloaders and applicators segment held the largest market share in 2022 and is anticipated to register the highest CAGR during 2022-2030.

The market is bifurcated based on type into high-dose rate brachytherapy implant and low-dose rate brachytherapy implant. The low-dose rate brachytherapy implant segment held a larger brachytherapy devices market share in 2022 and is anticipated to grow at a faster CAGR from 2022 to 2030.

The brachytherapy devices market, by application, is segmented into breast cancer, cervical cancer, prostate cancer, lung cancer, and others. The prostate cancer segment held the largest market share in 2022 and is anticipated to register the highest CAGR during 2022-2030.

In terms of end user, the market is segmented into hospitals and specialty clinics, ambulatory surgical centers, and others. The hospitals segment held the largest market share in 2022. This can be attributed to the availability of better facilities and skilled physicians in hospitals over other surgical centers to perform minimally invasive procedures.

Regional Brachytherapy Therapy Devices Market Analysis:

Geographically, the global brachytherapy devices market is segmented into North America, Asia Pacific, Europe, the Middle East & Africa, and South & Central America. In terms of revenue, North America dominated the brachytherapy devices market share in 2022. The brachytherapy devices market in this region is dominated by the US. This can be attributed to factors such as the increasing cases of breast cancer among women and prostate cancer among men in the region. According to the Pan America Health Organization (PAHO), in 2020, an estimated 4 million people in the Americas were diagnosed with cancer, which is predicted to increase by ~60% by 2040.

Additionally, the presence of market players, such as BD, Isoray Inc., and Elekta, and the availability of advanced brachytherapy devices present a sizable opportunity for market expansion. For instance, in July 2021, GenesisCare expanded its brachytherapy service by procuring 27 Flexitron brachytherapy afterloader systems and service agreements from Elekta. These advanced cancer treatment devices enabled GenesisCare to keep up with the latest technology and provide high-quality care to its patients across their centers in the US.

Product Code: TIPHE100001169

Table Of Contents

1. Introduction

  • 1.1 Scope of the Study
  • 1.2 Market Definition, Assumptions and Limitations
  • 1.3 Market Segmentation

2. Executive Summary

  • 2.1 Key Insights
  • 2.2 Market Attractiveness Analysis

3. Research Methodology

4. Brachytherapy Devices Market Landscape

  • 4.1 Overview
  • 4.2 PEST Analysis
  • 4.3 Ecosystem Analysis
    • 4.3.1 List of Vendors in the Value Chain

5. Brachytherapy Devices Market - Key Market Dynamics

  • 5.1 Key Market Drivers
  • 5.2 Key Market Restraints
  • 5.3 Key Market Opportunities
  • 5.4 Future Trends
  • 5.5 Impact Analysis of Drivers and Restraints

6. Brachytherapy Devices Market - Global Market Analysis

  • 6.1 Brachytherapy Devices - Global Market Overview
  • 6.2 Brachytherapy Devices - Global Market and Forecast to 2031

7. Brachytherapy Devices Market - Revenue Analysis (USD Million) - By Product Type, 2021-2031

  • 7.1 Overview
  • 7.2 Seeds
  • 7.3 Brachytherapy Afterloaders and Applicators
  • 7.4 Electronic Brachytherapy

8. Brachytherapy Devices Market - Revenue Analysis (USD Million) - By Type, 2021-2031

  • 8.1 Overview
  • 8.2 High Dose Rate Brachytherapy Implants
  • 8.3 Low Dose Rate Brachytherapy Implants

9. Brachytherapy Devices Market - Revenue Analysis (USD Million) - By Application, 2021-2031

  • 9.1 Overview
  • 9.2 Breast Cancer
  • 9.3 Cervical Cancer
  • 9.4 Prostate Cancer
  • 9.5 Lung Cancer
  • 9.6 Others

10. Brachytherapy Devices Market - Revenue Analysis (USD Million) - By End User, 2021-2031

  • 10.1 Overview
  • 10.2 Hospital and Specialty Clinics
  • 10.3 Ambulatory Surgical Centers
  • 10.4 Others

11. Brachytherapy Devices Market - Revenue Analysis (USD Million), 2021-2031 - Geographical Analysis

  • 11.1 North America
    • 11.1.1 North America Brachytherapy Devices Market Overview
    • 11.1.2 North America Brachytherapy Devices Market Revenue and Forecasts to 2031
    • 11.1.3 North America Brachytherapy Devices Market Revenue and Forecasts and Analysis - By Product Type
    • 11.1.4 North America Brachytherapy Devices Market Revenue and Forecasts and Analysis - By Type
    • 11.1.5 North America Brachytherapy Devices Market Revenue and Forecasts and Analysis - By Application
    • 11.1.6 North America Brachytherapy Devices Market Revenue and Forecasts and Analysis - By End User
    • 11.1.7 North America Brachytherapy Devices Market Revenue and Forecasts and Analysis - By Countries
      • 11.1.7.1 United States Brachytherapy Devices Market
        • 11.1.7.1.1 United States Brachytherapy Devices Market, by Product Type
        • 11.1.7.1.2 United States Brachytherapy Devices Market, by Type
        • 11.1.7.1.3 United States Brachytherapy Devices Market, by Application
        • 11.1.7.1.4 United States Brachytherapy Devices Market, by End User
      • 11.1.7.2 Canada Brachytherapy Devices Market
        • 11.1.7.2.1 Canada Brachytherapy Devices Market, by Product Type
        • 11.1.7.2.2 Canada Brachytherapy Devices Market, by Type
        • 11.1.7.2.3 Canada Brachytherapy Devices Market, by Application
        • 11.1.7.2.4 Canada Brachytherapy Devices Market, by End User
      • 11.1.7.3 Mexico Brachytherapy Devices Market
        • 11.1.7.3.1 Mexico Brachytherapy Devices Market, by Product Type
        • 11.1.7.3.2 Mexico Brachytherapy Devices Market, by Type
        • 11.1.7.3.3 Mexico Brachytherapy Devices Market, by Application
        • 11.1.7.3.4 Mexico Brachytherapy Devices Market, by End User

Note - Similar analysis would be provided for below mentioned regions/countries

  • 11.2 Europe
    • 11.2.1 Germany
    • 11.2.2 France
    • 11.2.3 Italy
    • 11.2.4 Spain
    • 11.2.5 United Kingdom
    • 11.2.6 Rest of Europe
  • 11.3 Asia-Pacific
    • 11.3.1 Australia
    • 11.3.2 China
    • 11.3.3 India
    • 11.3.4 Japan
    • 11.3.5 South Korea
    • 11.3.6 Rest of Asia-Pacific
  • 11.4 Middle East and Africa
    • 11.4.1 South Africa
    • 11.4.2 Saudi Arabia
    • 11.4.3 U.A.E
    • 11.4.4 Rest of Middle East and Africa
  • 11.5 South and Central America
    • 11.5.1 Brazil
    • 11.5.2 Argentina
    • 11.5.3 Rest of South and Central America

12. Industry Landscape

  • 12.1 Mergers and Acquisitions
  • 12.2 Agreements, Collaborations, Joint Ventures
  • 12.3 New Product Launches
  • 12.4 Expansions and Other Strategic Developments

13. Competitive Landscape

  • 13.1 Heat Map Analysis by Key Players
  • 13.2 Company Positioning and Concentration

14. Brachytherapy Devices Market - Key Company Profiles

  • 14.1 Elekta
    • 14.1.1 Key Facts
    • 14.1.2 Business Description
    • 14.1.3 Products and Services
    • 14.1.4 Financial Overview
    • 14.1.5 SWOT Analysis
    • 14.1.6 Key Developments

Note - Similar information would be provided for below list of companies

  • 14.2 Varian Medical Systems, Inc
  • 14.3 BEBIG Medical
  • 14.4 Theragenics Corporation
  • 14.5 IsoAid
  • 14.6 Siemens Healthineers AG
  • 14.7 BXTA
  • 14.8 BD
  • 14.9 Eckert and Ziegler
  • 14.10 Perspective Therapeutics

15. Appendix

  • 15.1 Glossary
  • 15.2 About The Insight Partners
  • 15.3 Market Intelligence Cloud
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