Brachytherapy Devices Market by Technique and Geography - Forecast and Analysis 2021-2025

  • Published: Jul 2021
  • Pages: 120
  • SKU: IRTNTR43465

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 Brachytherapy Devices Market - 2021-2025

The projected valuation of the brachytherapy devices market by 2025 is USD 327.21 million. The growth momentum of the market is expected to accelerate at a CAGR of 7.01%, during 2021-2025. This research report elucidates the market drivers and trends that has been catalyzing the progress of existing market players. One of the key factors driving the brachytherapy devices market growth is high prevalence and incidence of cancer. View our sample report for insights on the latest drivers, trends, and challenges that will have a far-reaching effect on the market growth in the coming years.

Brachytherapy Devices Market Size

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Brachytherapy Devices Market Segments

Every aspect of business improvement planning depends on the understanding of current and potential target customers across segmentations. Our brachytherapy devices market analysis report extensively covers technique (HDR and LDR) and geography (North America, Europe, Asia, and ROW), wherein you will obtain insights on qualitative and quantitative data that can help in optimizing financial results. Get actionable insights on the brachytherapy devices market segments to recognize and seize financial opportunities

Furthermore, given the current pandemic situation and its significant effect on industries, it is essential to understand the vulnerable market segments and recovery scope. Our market research experts have evaluated the impact of COVID-19 across market segments for our clients to understand the long-term business implications and foresee opportunities to strengthen market foothold. Want a thorough qualitative and quantitative analysis on the post-pandemic brachytherapy devices market predictions on demand changes for 2021-2025? You can buy the report now with one easy click.

Brachytherapy Devices Market Vendors and Competitive Analysis

The brachytherapy devices market is concentrated and the vendors are deploying various organic and inorganic growth strategies such as to gain competitive advantage. Find out about other well-thought-out business planning approaches of key players from our sample report.

The brachytherapy devices market share report highlights the repercussions of the effects of the pandemic across regions and segments, and the entire value chain. To make the most of the emerging opportunities and recover from adverse COVID-19 shock, the market vendors should focus more on leveraging change in consumer behavior and growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Click here to get COVID-19 impact update.

Buy the full brachytherapy devices market forecast report for detailed insights on complete key vendor profiles. The profiles include information on the production, sustainability, prospects of the leading companies, and other crucial vendor landscape analysis.

Brachytherapy Devices Market Vendors

Brachytherapy Devices Market - Region Opportunities 2021-2025

44% of the brachytherapy devices market growth will originate from North America during the forecast period. The US and Canada are the key markets for brachytherapy devices in North America. To unlock exclusive information on potential business locations and understand the demographics of current and prospective customers buy the report now!

Brachytherapy Devices Market Share by Geography

North America has been exhibiting significant growth rate for brachytherapy devices market vendors. Factors such as the increasing incidence of cancers, the presence of many multinational vendors, developed healthcare infrastructure, and the increasing adoption of technologically advanced brachytherapy therapy devices are accelerating the brachytherapy devices market growth in North America. To view our in-depth analytical review on the micro and macroeconomic factors impacting businesses in the regions click here.

However, the brachytherapy devices market share growth rate in North America will be slower than the growth of the market in Asia. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

Brachytherapy Devices Market Insights by Technique

Brachytherapy Devices Market Share by Technique

To gain further insights on the market contribution of various segments Request for a FREE Sample!

The brachytherapy devices market share growth by the HDR segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the brachytherapy devices market size.

From the brachytherapy devices market segmentation insights, players can identify the demand pattern of target customers and make effective business plans to capture untapped segments. In addition, the analytical data on the segmentations will enable effective product and service positioning among the right end-users, which will facilitate significant exposure and growth for the vendors. Get updated actionable market insights on post COVID-19 impact on each segment.

Brachytherapy Devices Market Drivers & Trends

Even if the success rate of a business is higher, every factor, including challenges, influencing any market growth needs to be considered to mitigate potential risks at an earlier development stage. One of the key factors impeding the brachytherapy devices market growth is intense competition among vendors. Purchase our express report to get exhaustive insights on the key industry trends, drivers, and challenges, which will help companies evaluate and build growth strategies.

The growing number of cancer patients is increasing the demand for brachytherapy treatment, which, in turn, is driving the need for brachytherapy devices. Various risk factors for cancer are smoking, obesity, alcohol intake, overexposure to ultraviolet (UV) light, infections such as human papillomavirus (HPV), and inherited faulty genes. However, cancer can be prevented to a certain extent, largely through lifestyle changes. Cancer can be treated by performing surgery, radiotherapy, and drug treatments, including chemotherapy, targeted cancer drugs, and hormone therapy. The incidence of many cancers such as lung cancer, breast cancer, prostate cancer, colorectal cancer, and stomach cancer is increasing, which is expected to drive the growth of the brachytherapy devices market during the forecast period. 

The introduction of significant innovations such as image-guided brachytherapy (IGBT) is identified as one of the key brachytherapy devices market trends that will stimulate the growth of the market in the forthcoming years. IGBT is gaining prominence among various surgeons as it facilitates accurate, safe, and effective placement of brachytherapy procedure catheters. The application of IGBT help clinicians to precisely deliver radiation at the target site and minimize the exposure to surrounding healthy tissues by using cross-sectional image data.

Technavio research analysts have done in-depth analysis of the brachytherapy devices market trends, drivers, and challenges in terms of their long-term and short-term effects. This data will help players map their growth prospects across key and emerging markets.

 

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Brachytherapy Devices Market Report Outlook

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive brachytherapy devices market growth during the next five years
  • Precise estimation of the brachytherapy devices market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the brachytherapy devices market across North America, Europe, Asia, and 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 devices market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The brachytherapy devices market growth will increase by $388.62 million during 2019-2024.
The brachytherapy devices market is expected to grow at a CAGR of 7.73% during 2019-2024.
Technavio has segmented the brachytherapy devices market by technique (HDR and LDR) and geographic (North America, Europe, APAC, and ROW).
Becton, Dickinson and Co., Carl Zeiss AG, CivaTech Oncology Inc., Eckert & Ziegler AG, Elekta AB, Hologic Inc., iCAD Inc., IsoRay Inc., Theragenics Corp., Varian Medical Systems Inc. are a few of the key vendors in the brachytherapy devices market.
North America will register the highest growth rate of 41.08% among the other regions. Therefore, the brachytherapy devices market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the brachytherapy devices market growth are:
  • High prevalence and incidence of cancer
  • Increase in M&A and strategic alliances among vendors
The brachytherapy devices market vendors should focus on grabbing business opportunities from the hdr segment as it accounted for the largest market share in the base year.
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