Brachytherapy Market Growth, Size, Trends, Revenue, Demand, Challenges and Future Outlook: SPER Market Research

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Published: Feb 2023	Report ID: HLCA2312	Pages: 1 - 216	Formats^*:
Category : Healthcare

Brachytherapy Market Introduction and Overview

According to SPER Market Research, the Global Brachytherapy Market is estimated to reach USD 1.98 billion by 2033 with a CAGR of 7.56%.

The report includes an in-depth analysis of the Global Brachytherapy market, including market size and trends, product mix, distribution channels, and supplier analysis. Brachytherapy is preferred over other types of radiation therapy equipment for cancer treatment because patients treated with it have a lower risk of relapse. Other modern brachytherapy techniques (PDR) include Image Guided Brachytherapy (IGBT) and Pulse Dose Rate. Brachytherapy is now enabled by programming agreements, which allow medical service providers to legally deliver and schedule brachytherapy for patients.

Global brachytherapy market expansion the growth in the prevalence of cancer, the increase in the number of senior populations, and the rise in the prevalence of cancer are the primary drivers of the Brachytherapy Market Size. Brachytherapy is mostly used in cancer treatment. For example, according to World Cancer Research Fund International figures from 2020, there were an anticipated 18.1 million cancer cases worldwide.

Market Opportunities and Challenges

The brachytherapy industry offers a variety of opportunities and difficulties in the field of medical technology and cancer treatment. Brachytherapy, a type of localized radiation therapy, has a number of intriguing applications. For starters, it offers a more tailored approach to treating specific tumors, avoiding damage to healthy surrounding tissues and lowering side effects. This accuracy has the potential to improve patient outcomes and quality of life. Furthermore, advances in imaging technologies and treatment planning software have improved the precision and customisation of brachytherapy operations, allowing it to be applied to a broader spectrum of cancer types. Furthermore, growing knowledge of the benefits of minimally invasive therapies has increased interest in brachytherapy, which frequently needs shorter hospital stays and recovery times than standard surgery.

However, the brachytherapy market faces a number of challenges. Market expansion can be hampered by regulatory clearances and reimbursement rules. Another critical difficulty is ensuring sufficient training for healthcare personnel to perform brachytherapy operations safely and successfully. Furthermore, the initial capital expenditure required for the requisite equipment and infrastructure can be significant, limiting availability in some healthcare settings. Other sophisticated cancer treatments, such as external beam radiation therapy and immunotherapy, compete for market share.

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Market Competitive Landscape

Competitive analyses and profiles of the key brachytherapy market participants include Argon Medical, Carl Zeiss AG, Eckert & Ziegler BEBIG, Elekta AB, Icad, Inc., Isoaid, Isoray Medical, Inc, Merit Medical Systems, Inc, Siemens AG, and Theragenics Corporation are some of the key firms operating in the worldwide brachytherapy industry. Siemens AG, Elekta AB, and others are among the market's major participants. To improve the brachytherapy market's product portfolio, major players have used product launch, product growth, and acquisition as significant development tactics.

Scope of the Report:

Report Metric	Details
Market size available for years	2019-2033
Base year considered	2022
Forecast period	2023-2033
Segments covered	By Product, By Dosage Type, By End User, By Application.
Regions covered	North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.
Companies Covered	Argon Medical Devices, Becton, Best Vascular, Carl Zeiss Meditec AG, CIVCO MEDICAL SOLUTIONS, Dickinson and Company, Eckert & Zieglet BEBIG A.G, Elekta AB, iCAD Inc, Isoray Inc, Panacea Medical Technology Pvt. Ltd., RadiaDyne, SUN NUCLEAR CORPORATION, Theragenics Corporation, VARIAN MEDICAL SYSTEMS, Inc.

COVID-19 Impact on Global Brachytherapy Market

The COVID-19 epidemic has had a substantial influence on global healthcare systems, as well as the market for brachytherapy equipment. According to a study published last year titled "The Impact of COVID-19 on Brachytherapy," advances in radiation oncology allowed six patients with unfavorable intermediate- and high-risk diseases to elect to receive EBRT followed by a brachytherapy boost, and four patients were treated with brachytherapy instead because elective surgeries had to be postponed within the system due to the pandemic. Despite the problems the healthcare system faced throughout the outbreak, the majority of cancer patients were safely treated with only minor treatment delays and disruptions.

Key Target Audience

Oncologists and Radiation Oncologists
Medical Institutions and Hospitals
Medical Device Manufacturers
Radiation Therapists and Medical Physicists

Our in-depth analysis of the Brachytherapy Market includes the following segments:

By Product:	Applicators & Afterloaders Electronic Brachytherapy Seeds
By Dosage Type:	High-Dose Rate (HDR)Brachytherapy Low-Dose Rate (LDR)Brachytherapy
By Application:	Breast Cancer Gynecological Cancer Prostate Cancer Others
By End-User:	Hospitals Specialty Clinics Others

Key Topics Covered in the Report

Global Brachytherapy Market Size (FYâ€™2023-FYâ€™2033)
Overview of Global Brachytherapy Market
Segmentation of Global Brachytherapy Market By Product (Applicators & Afterloaders, Electronic Brachytherapy, Seeds)
Segmentation of Global Brachytherapy Market By Dosage (High-Dose Rate (HDR)Brachytherapy, Low-Dose Rate (LDR)Brachytherapy)
Segmentation of Global Brachytherapy Market By Application (Breast Cancer, Gynecological Cancer, Prostate Cancer, Others)
Segmentation of Global Brachytherapy Market By End User (Hospitals, Specialty Clinics, Others)
Statistical Snap of Global Brachytherapy Market
Expansion Analysis of Global Brachytherapy Market
Problems and Obstacles in Global Brachytherapy Market
Competitive Landscape in the Global Brachytherapy Market
Impact of COVID-19 and Demonetization on Global Brachytherapy Market
Details on Current Investment in Global Brachytherapy Market
Competitive Analysis of Global Brachytherapy Market
Prominent Players in the Global Brachytherapy Market
SWOT Analysis of Global Brachytherapy Market
Global Brachytherapy Market Future Outlook and Projections (FYâ€™2023-FYâ€™2033)
Recommendations from Analyst

1. Introduction

1.1. Scope of the report
1.2. Market segment analysis

2. Research Methodology

2.1. Research data source

2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPERâ€™s internal database
2.1.4. Premium insight from KOLâ€™s

2.2. Market size estimation

2.2.1. Top-down and Bottom-up approach

2.3. Data triangulation

3. Executive Summary

4. Market Dynamics

4.1. Driver, Restraint, Opportunity and Challenges analysis

4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges

4.2. COVID-19 Impacts of the Global Brachytherapy Market

5. Market variable and outlook

5.1. SWOT Analysis

5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats

5.2. PESTEL Analysis

5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape

5.3. PORTERâ€™s Five Forces

5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry

5.4. Heat Map Analysis

6. Competitive Landscape

6.1. Global Brachytherapy Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Brachytherapy Market

7. Global Brachytherapy Market, By Product (USD Million)

7.1. Global Brachytherapy Market Value Share and Forecast, By Product, 2023-2033
7.2. Applicators & Afterloaders
7.3. Electronic Brachytherapy
7.4. Seeds

8. Global Brachytherapy Market, By Dosage Type (USD Million)

8.1. Global Brachytherapy Market Value Share and Forecast, By Dosage Type, 2023-2033
8.2. High-Dose Rate (HDR)Brachytherapy
8.3. Low-Dose Rate (LDR)Brachytherapy

9. Global Brachytherapy Market, By Application (USD Million)

9.1. Global Brachytherapy Market Value Share and Forecast, By Application, 2023-2033
9.2. Breast Cancer
9.3. Gynaecological Cancer
9.4. Prostate Cancer
9.5. Others

10. Global Brachytherapy Market, By End User (USD Million)

10.1. Global Brachytherapy Market Value Share and Forecast, By End User, 2023-2033
10.2. Hospitals
10.3. Speciality Clinic
10.4. Others

11. Global Brachytherapy Market Forecast, 2019-2033 (USD Million)

11.1. Global Brachytherapy Market Size and Market Share

12. Global Brachytherapy Market, By Product, 2019-2033 (USD Million)

12.1. Global Brachytherapy Market Size and Market Share By Product (2019-2026)
12.2. Global Brachytherapy Market Size and Market Share By Product (2027-2033)

13. Global Brachytherapy Market, By Dosage Type, 2019-2033 (USD Million)

13.1. Global Brachytherapy Market Size and Market Share By Dosage Type (2019-2026)
13.2. Global Brachytherapy Market Size and Market Share By Dosage Type (2027-2033)

14. Global Brachytherapy Market, By Application, 2019-2033 (USD Million)

14.1. Global Brachytherapy Market Size and Market Share By Application (2019-2026)
14.2. Global Brachytherapy Market Size and Market Share By Application (2027-2033)

15. Global Brachytherapy Market, By End User, 2019-2033 (USD Million)

15.1. Global Brachytherapy Market Size and Market Share By End User (2019-2026)
15.2. Global Brachytherapy Market Size and Market Share By End User (2027-2033)

16. Global Brachytherapy Market, By Region, 2019-2033 (USD Million)

16.1. Global Brachytherapy Market Size and Market Share By Region (2019-2026)
16.2. Global Brachytherapy Market Size and Market Share By Region (2027-2033)
16.3. Asia-Pacific

16.3.1. Australia
16.3.2. China
16.3.3. India
16.3.4. Japan
16.3.5. South Korea
16.3.6. Rest of Asia-Pacific

16.4. Europe

16.4.1. France
16.4.2. Germany
16.4.3. Italy
16.4.4. Spain
16.4.5. United Kingdom
16.4.6. Rest of Europe

16.5. Middle East and Africa

16.5.1. Kingdom of Saudi Arabia
16.5.2. United Arab Emirates
16.5.3. Rest of Middle East & Africa

16.6. North America

16.6.1. Canada
16.6.2. Mexico
16.6.3. United States

16.7. Latin America

16.7.1. Argentina
16.7.2. Brazil
16.7.3. Rest of Latin America

17. Company Profile

17.1. Argon Medical Devices

17.1.1. Company details
17.1.2. Financial outlook
17.1.3. Product summary
17.1.4. Recent developments

17.2. Becton

17.2.1. Company details
17.2.2. Financial outlook
17.2.3. Product summary
17.2.4. Recent developments

17.3. Best Vascular, Inc

17.3.1. Company details
17.3.2. Financial outlook
17.3.3. Product summary
17.3.4. Recent developments

17.4. Carl Zeiss Meditec AG

17.4.1. Company details
17.4.2. Financial outlook
17.4.3. Product summary
17.4.4. Recent developments

17.5. CIVCO MEDICAL SOLUTIONS

17.5.1. Company details
17.5.2. Financial outlook
17.5.3. Product summary
17.5.4. Recent developments

17.6. Dickinson and Company

17.6.1. Company details
17.6.2. Financial outlook
17.6.3. Product summary
17.6.4. Recent developments

17.7. Eckert & Ziegler BEBIG S.A

17.7.1. Company details
17.7.2. Financial outlook
17.7.3. Product summary
17.7.4. Recent developments

17.8. Elekta AB.

17.8.1. Company details
17.8.2. Financial outlook
17.8.3. Product summary
17.8.4. Recent developments

17.9. iCAD Inc

17.9.1. Company details
17.9.2. Financial outlook
17.9.3. Product summary
17.9.4. Recent developments

17.10. Isoray Inc

17.10.1. Company details
17.10.2. Financial outlook
17.10.3. Product summary
17.10.4. Recent developments

17.11. Others

18. List of Abbreviations

19. Reference Links

20. Conclusion

21. Research Scope

SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

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Frequently Asked Questions About This Report

How big is the Brachytherapy Market?

Brachytherapy Market is projected to reach USD 1.98 billion by 2033, growing at a CAGR of 7.56% during the forecast period.

What is the growth rate of the Brachytherapy Market?

Brachytherapy Market grew in market size from 2023. The Market is expected to reach USD 1.98 billion by 2033, at a CAGR of 7.56% during the forecast period.

What is the anticipated CAGR of the Brachytherapy Market?

Brachytherapy Market CAGR of 7.56% during the forecast period.

How can I get a sample report on the Brachytherapy Market?

You can get the sample pages by clicking the link - Click Here

What is the market size of the Brachytherapy Market?

Brachytherapy Market size is USD 1.98 billion from 2023 to 2033.

Which segment is expected to lead the Brachytherapy Market?

Brachytherapy Market Segment is Covered By Product, By Dosage Type, By End User, By Application.

Which region is expected to have the highest market share in the Brachytherapy Market?

The North America region is anticipated to have the highest market share in the Brachytherapy Market.

Who are the key players in Brachytherapy Market?

The key players in the market include Companies Covered Argon Medical Devices, Becton, Best Vascular, Carl Zeiss Meditec AG, CIVCO MEDICAL SOLUTIONS, Dickinson and Company, Eckert & Zieglet BEBIG A.G, Elekta AB, iCAD Inc, Isoray Inc, Panacea Medical Technology Pvt. Ltd., RadiaDyne, SUN NUCLEAR CORPORATION, Theragenics Corporation, VARIAN MEDICAL SYSTEMS, Inc.

What is the conclusion of the Brachytherapy Market?

Brachytherapy is a viable treatment option for all individuals with confined prostate cancer development, both when used alone and in conjunction with outer bar radiation therapy. The category is being driven by the promising applications of brachytherapy in the treatment of prostate cancer.