About Fiducial Markers
Fiducial markers are tiny metal objects of about the size of a grain of rice. They allow doctors to line up the beams of radiation to make sure that the radiation therapy of patient is delivered exactly the same way each time. This helps them to target tumor and avoid healthy tissue. The fiducial markers will stay in prostate after your treatment.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market in the near future. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Fiducial Markers 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.
CIVCO Radiotherapy (United States), IZI Medical Products (United States), Boston Scientific Corporation (United States), Naslund Medical AB (Sweden), IBA (Belgium), Best Medical International, Inc. (United States), Nanovi A/S (Denmark), Carbon Medical Technologies (United States), Eckert & Ziegler (Germany) and Innovative Oncology Solutions (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Medtronic (Ireland), QlRad Inc. (United States), JJ-Medtech (Netherlands) and QFIX (United States).
Segmentation Overview
AMA Research has segmented the market of Global Fiducial Markers market by Type (Polymer-Based Markers, Metal-Based Markers and Others), Application (Hospitals, Radiotherapy Centers, Cancer Research Institutes and Others) and Region.
On the basis of geography, the market of Fiducial Markers 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 Cancer , the sub-segment i.e. Prostate Cancer will boost the Fiducial Markers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Modality, the sub-segment i.e. CT/CBCT will boost the Fiducial Markers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Investments and Funding for Cancer Research
Market Growth Drivers:
Growing Incidence of Cancer, Improving Reimbursement Scenario and Rising Awareness on Radiotherapy
Challenges:
Complications Associated With the Placement of Fiducial Markers and Shortage of Trained Personnel
Restraints:
Lack of Adequate Healthcare Infrastructure and Premium Pricing of Modalities and Alternative Therapies and High Marker Costs
Opportunities:
Increasing use in emerging regions
Market Leaders and their expansionary development strategies
In December 2019, IBA (Ion Beam Applications S.A., EURONEXT), the world’s leading provider of solutions for the diagnosis and treatment of cancer, announces that it has sold RadioMed Corporation (“RadioMed”), IBA’s VISICOIL fiducial markers business, to IZI Medical Products LLC, a leading interventional medical device company in a deal that is worth between USD 14 and 16 million to IBA.
In May 2022, CIVCO Radiotherapy, the leading global provider of high quality, innovative, patient-centric radiotherapy solutions, announced the release of the Universal Couchtop ProForm Head & Neck Solution, the newest development in their ProtonSeries family of products for proton therapy.
Key Target Audience
Fiducial Markers Manufacturer, Investor, Research and Development, Regulatory Bodies and Others
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.