Brachytherapy Afterloaders Market by Product and Geography - Forecast and Analysis 2022-2026

The brachytherapy afterloaders market share is expected to increase by USD 66.88 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 12.55%.

This brachytherapy afterloaders market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers brachytherapy afterloaders market segmentations by product (PDR afterloaders and HDR afterloaders) and geography (North America, Europe, Asia, and Rest of World (ROW)). The brachytherapy afterloaders market report also offers information on several market vendors, including Eckert and Ziegler AG, Elekta AB, Varian Medical Systems Inc., and Best Medical International Inc. among others.

What will the Brachytherapy Afterloaders Market Size be During the Forecast Period?

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Brachytherapy Afterloaders Market: Key Drivers, Trends, and Challenges

The increase in the incidence of cancer is notably driving the brachytherapy afterloaders market growth, although factors such as the high cost of brachytherapy afterloaders may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the brachytherapy afterloaders industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Brachytherapy Afterloaders Market Driver

The increase in the incidence of cancer is one of the key drivers supporting the brachytherapy afterloaders market growth. The incidence of cancer is expected to increase significantly during the forecast period, owing to the rise in risk factors such as smoking, obesity, alcohol intake, overexposure to ultraviolet (UV) light and carcinogenic chemicals, viral and bacterial infections. Moreover, family history of cancer and the rapidly growing aging population are also contributing to the increasing cases of cancer globally. Meanwhile, HDR and PDR brachytherapy afterloaders are used in the treatment of various types of cancer, including gynecologic cancer, lung cancer, breast cancer, and prostate cancer. Therefore, a rise in the incidence of these cancer types has resulted in an increase in demand for brachytherapy, which will drive the global brachytherapy afterloaders market during the forecast period.

Key Brachytherapy Afterloaders Market Trend

Increasing focus on developing countries is one of the key brachytherapy afterloaders market trends. Key vendors are increasing their efforts to expand their market presence in emerging economies. For instance, Eckert & Ziegler generates a significant proportion of its revenue for its tumor irradiation equipment from emerging economies. Its tumor irradiation equipment utilizes cobalt emitters, which have a significantly longer half-life than iridium, which is the source used in computing devices. Hence, the radiation source of its equipment does not require frequent changes, which results in cost and logistics advantages. This is particularly beneficial in developing countries. Such beneficiary attributes will contribute to the market growth during the forecast period.

Key Brachytherapy Afterloaders Market Challenge

The high cost of brachytherapy afterloaders is one of the factors hindering the brachytherapy afterloaders market growth. Depending on features and the level of technology, the cost of brachytherapy afterloaders ranges between $100,000 and $600,000. In addition, healthcare facilities have to bear additional costs on the maintenance of afterloaders and constructing a shielding room. On average, end-users must spend 10% of the afterloaders purchase price on annual maintenance. However, end-users focusing on renovating their conventional hospital rooms to accommodate brachytherapy afterloaders also need to incur significant capital expenditures. Also, healthcare facilities need to borne the costs of hiring skilled personnel or training existing personnel to operate brachytherapy afterloaders. Therefore, they are majorly purchased by large hospitals with sufficient patient volumes that can justify the high capital costs. These factors are limiting the market growth.

This brachytherapy afterloaders market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global brachytherapy afterloaders market as a part of the global healthcare equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the brachytherapy afterloaders market during the forecast period.

Who are the Major Brachytherapy Afterloaders Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• Eckert and Ziegler AG
• Elekta AB
• Varian Medical Systems Inc.
• Best Medical International Inc.

 

This statistical study of the brachytherapy afterloaders market encompasses successful business strategies deployed by the key vendors. The brachytherapy afterloaders market is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• Ezag.com - The company offers brachytherapy afterloads products under the brand name of Bravos and Best.
• Elekta.com - The company offers brachytherapy afterloads products under the brand name of Saginova.
• Varian.com - The company offers brachytherapy afterloads products under the brand name of Flexitron.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The brachytherapy afterloaders market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Brachytherapy Afterloaders Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the brachytherapy afterloaders market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Brachytherapy Afterloaders Market?

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43% of the market's growth will originate from North America during the forecast period. The US is the key market for brachytherapy afterloaders market in North America. Market growth in this region will be slower than the growth of the market in Asia.

The improved healthcare infrastructure will facilitate the brachytherapy afterloaders market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

 In 2020, the COVID-19 pandemic adversely affected the economies of various countries in North America, especially in the US. However, in 2021, the initiation of COVID-19 vaccination drives led to the resumption of operations in manufacturing units. This has increased the demand for brachytherapy afterloaders in this region. Such factors are expected to drive the regional brachytherapy afterloaders market during the forecast period.

What are the Revenue-generating Product Segments in the Brachytherapy Afterloaders Market?

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The brachytherapy afterloaders market share growth by the PDR afterloaders segment will be significant during the forecast period. PDR afterloaders allow computerized optimization of the dose distribution. This helps in ensuring high target volume coverage, reproducibility of the treatment plan, and flexibility to change the dose distribution during the treatment (if required). Though PDR afterloaders have several advantages over HDR afterloaders, their adoption is limited in all developed and developing regions as only one major vendor, Varian Medical Systems, provides PDR afterloaders. Hence, buyers have limited options. However, the rising demand for PDR brachytherapy and the increasing adoption of technologically advanced PDR afterloaders are expected to result in the steady growth of the segment during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the brachytherapy afterloaders market size and actionable market insights on post COVID-19 impact on each segment.

 

Brachytherapy Afterloaders Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 12.55%
Market growth 2022-2026	$ 66.88 million
Market structure	Concentrated
YoY growth (%)	12.45
Regional analysis	North America, Europe, Asia, and Rest of World (ROW)
Performing market contribution	North America at 43%
Key consumer countries	US, Germany, UK, France, and Japan
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Eckert and Ziegler AG, Elekta AB, Varian Medical Systems Inc., and Best Medical International Inc.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Brachytherapy Afterloaders Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive brachytherapy afterloaders market growth during the next five years
• Precise estimation of the brachytherapy afterloaders market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the brachytherapy afterloaders industry across North America, Europe, Asia, and Rest of World (ROW)
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of brachytherapy afterloaders market vendors

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