About Intraoperative Radiation Therapy
Intraoperative radiation therapy (IORT) is an intensive radiation treatment that's administered into the surgical cavity at the time of the surgical removal of cancer. This therapy is used to treat cancers that are difficult to remove during surgery and when there is a concern that microscopic amounts of cancer may remain after the surgery. For IORT special type of radiation therapy machine is used that is capable of delivering the required radiation dose during the surgical procedure. Intraoperative radiation therapy is only appropriate for certain older and lower-risk breast cancer patients. It is estimated that about 43,600 women in the United States are expected to die in 2021 from breast cancer. It is the most commonly diagnosed cancer among United States women.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Intraoperative Radiation Therapy market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Elekta AB (Sweden), GMV Innovating Solutions (Spain), Sensus Healthcare, Inc. (United States), ZEISS Group (Germany), iCAD, Inc. (United States), Eckert & Ziegler (Germany), IntraOp Medical, Inc. (United States), Isoray, Inc. (United States), Becton, Dickinson and Company (United States), Sordina IORT Technologies (Italy), Varian Medical Systems, Inc. (United States), SeeDos Ltd. (United Kingdom), IsoAid LLC (United States), Salutaris Medical Devices (United States), Brainlab AG (Germany), Ariane Medical Systems Ltd. (United Kingdom), Panacea Medical Technologies Pvt. Ltd. (India) and RaySearch Laboratories (Sweden) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Xstrahl Medical (United Kingdom), DOSIsoft SA (France), Huiheng Medical (China), REMEDI Co., Ltd. (South Korea) and Merit Medical Systems Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Intraoperative Radiation Therapy market by Type (Electron IORT and Intraoperative Brachytherapy), Application (Breast Cancer, Brain Tumor, Gastrointestinal Cancer, Head & Neck Cancer and Other Cancers) and Region.
On the basis of geography, the market of Intraoperative Radiation Therapy has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End-user, the sub-segment i.e. Hospitals will boost the Intraoperative Radiation Therapy market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High Demand for Effective Treatment for Cancer
Market Growth Drivers:
High Advantages of IORT over Conventional Radiotherapy, Increased Prevalence of Cancer among People Globally and Increased Adoption of Intraoperative Radiation Therapy
Challenges:
Risk Associated with Radiations and Less Awareness about Cancer Treatment in Underdeveloped Countries
Restraints:
Recurrence of Cancer After Therapy, Availability of Alternative Therapies and Pro
Opportunities:
Emerging Demand from Developing Countries, Increased Research and Development Investments and Growth in the Healthcare Industry Worldwide
Market Leaders and their expansionary development strategies
In October 2023, Elekta has acquired the Xoft business from iCAD, Inc. (NASDAQ: ICAD) through an asset acquisition. By acquiring the Xoft Axxent Electronic Brachytherapy (eBx) System, together with the transfer of employees, Elekta, the world leader in brachytherapy solutions, will now be able to offer electronic brachytherapy technology and provide an expanded range of cancer treatment options.
In March 2022, Zeiss Medical Technology introduced INTRABEAM 600 device to provide Intraoperative Radiation Therapy (IORT) in India. INTRABEAM 600, Zeiss Meditec's IORT device, offers the least disruptive treatment method available to patients diagnosed with early-stage breast cancer. Source: https://www.mordorintelligence.com/industry-reports/intraoperative-radiation-therapy-market
Key Target Audience
Intraoperative Radiation Therapy Machine Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies, Research Professionals and End-users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.