About High Dose Rate (HDR) Brachytherapy
High dose rate brachytherapy is also known as temporary brachytherapy. In Brachytherapy, which is a type of internal radiotherapy, the tubes are inserted into the prostate gland and a source of radiation is passed to destroy the cancer cells. When HDR brachytherapy taken together with external beam radio therapy, the individual with medium to high risk prostate cancer gets a higher dose. It has various advantages such as lesser time required for treatment, quick recovery, and low risk of side effects. According to the World Health Organization, 70% fatalities related to cancer occur in low and middle income countries.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 73.4% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global High Dose Rate (HDR) Brachytherapy 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.
Eckert & Ziegler BEBIG (Germany), IsoRay Medical, Inc. (United States), Elekta AB (Sweden), Varian Medical Systems, Inc. (United States), Lumitos AG (Germany), C.R Bard Inc. (United States), Argon Medical Devices (United States) and IsoAid (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global High Dose Rate (HDR) Brachytherapy market by , Application (Prostate Cancer, Cervical Cancer, Breast cancer and Skin Cancer) and Region.
On the basis of geography, the market of High Dose Rate (HDR) Brachytherapy 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 , the sub-segment i.e. will boost the High Dose Rate (HDR) Brachytherapy market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.Influencing Trend:
Increased adoption of radiotherapy by physicians
Market Growth Drivers:
Wide range of applications are of HDR brachytherapy is driving the market. These include, low risk, minimal side effects and lesser time required for treatment.
Challenges:
Side effects and Risks with HDR brachytherapy may hinder the market
Restraints:
Availability of other treatments for cancer
Opportunities:
Technological developments along with Research and developments initiatives and Rising number of cases associated with cancer
Market Leaders and their expansionary development strategies
In October 2021, Blue Wolf Capital Partners LLC, a New York-based private equity company, announced that it has reached a deal with Roper Technologies, Inc. to buy CIVCO Radiation, a provider of radiotherapy patient placement and immobilization technology.
In August 2020, Elekta announced that the Geneva brachytherapy applicator it created has obtained FDA approval in the United States, indicating that it would now permit cancer patients to use the applicator in the United States to access its precise treatment capabilities.
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations
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.