Market Overview:
The global medical brachytherapy device market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of cancer, technological advancements in brachytherapy devices, and rising demand for minimally invasive surgeries. Based on type, the global medical brachytherapy device market is segmented into breast brachytherapy devices, skin and surface brachytherapy devices, and others. The breast brachytherapy devices segment is expected to account for the largest share of the global medical brachytherapy device market in 2018. This segment is projected to grow at a CAGR of 6% during the forecast period from 2018 to 2030. This growth can be attributed to factors such as increasing incidence of breast cancer and technological advancements in breast cancer treatment options such as targeted therapy and radiation therapy.
Product Definition:
A medical brachytherapy device is a tool used to deliver radiation therapy directly to a tumor. This type of radiation therapy is often used to treat cancer tumors that are located near the surface of the skin or in other areas that are easily accessible.
Breast Brachytherapy Devices:
Breast brachytherapy is a type of radiation therapy used to treat cancer in which radioactive materials are placed inside the breast as a form of interventional radiology. Breast Brachytherapy (BBT) devices market is expected to grow at a lucrative rate during the forecast period owing to factors such as increasing prevalence of breast cancer, rising awareness about this treatment and technological advancements.
According to WHO, around 627,000 women were diagnosed with invasive breast cancer in 2012.
Skin and Surface Brachytherapy Devices:
The global skin and surface brachytherapy devices and its usage in medical brachytherapy device market size was valued at USD 6.6 million in 2016. The rising prevalence of cancer is expected to be a high impact rendering driver for the growth of this market during the forecast period.
Application Insights:
Based on application, the global medical brachytherapy device market is segmented into hospitals, research institutes and clinics and private practices. Hospitals held the largest share in 2017 owing to increasing usage of HDR for breast cancer treatment at this location.
Research institutes and clinics are expected to grow at a lucrative rate over the forecast period due to rising awareness about advanced treatments such as HDR for various cancers including prostate cancer. Moreover, growing number of clinical trials that involve use of HDR is further anticipated to boost growth during future years. For instance, in June 2018 it was announced that researchers from The University Of Texas M D Anderson Cancer Center And School Of Medicine ¢â‚¬â€œ Houston will conduct a clinical trial with whole-body radiation therapy using an image-guided robot arm system called Volumetric Arc Therapy System (VATRS).
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of well-established healthcare infrastructure, high adoption rate of technologically advanced medical devices, and rising prevalence of cancer. Moreover, increasing government funding for research activities pertaining to brachytherapy is also expected to drive regional growth over the forecast period. For instance, according to a NCI fact sheet published in 2015 titled “Breast Brachytherapy: A Cancer Therapy Based on Gamma Knife Technologyâ€, North America received more than USD X million from 2000 through 2014 for research on breast brachytherapy.
Asia Pacific is expected to grow at a lucrative rate during the forecast period due as follows: firstly because this region has one of the highest incidences rates regarding cancer; secondly because it has some of Asia's largest populations without access or with limited access to modern treatment methods; thirdly because there are many unmet needs regarding patient safety.
Growth Factors:
- Increasing incidence of cancer: The global incidence of cancer is increasing at an alarming rate. According to the World Health Organization (WHO), the number of new cases diagnosed each year is expected to rise from 14 million in 2012 to 22 million by 2030. This will create a large pool of patients who will require medical brachytherapy for treatment.
- Growing demand for minimally invasive procedures: Minimally invasive procedures are becoming increasingly popular due to their many benefits, such as shorter hospital stays, reduced pain and blood loss, and faster recovery times. Medical brachytherapy is a minimally invasive procedure that delivers radiation therapy directly to the tumor site, making it an attractive treatment option for many patients.
- Advances in technology: Brachytherapy devices are constantly evolving thanks to advances in technology. Newer devices offer more precise radiation delivery, which helps improve patient outcomes while minimizing side effects.
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Brachytherapy Device Market Research Report
By Type
Breast Brachytherapy Devices, Skin and Surface Brachytherapy Devices, Others,
By Application
Hospitals, Research Institutes,
By Companies
CR Bard, Elekta, Varian Medical Systems, Eckert and Zieglar BEBIG, Theragenics, Cook Medical, Boston Scientific, Huiheng Medical, Olympus, GE Healthcare, CONMED, IsoRay Medical, Gammex, CIVCO Medical Instruments
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Medical Brachytherapy Device Market Report Segments:
The global Medical Brachytherapy Device market is segmented on the basis of:
Types
Breast Brachytherapy Devices, Skin and Surface Brachytherapy Devices, Others,
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Research Institutes,
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- CR Bard
- Elekta
- Varian Medical Systems
- Eckert and Zieglar BEBIG
- Theragenics
- Cook Medical
- Boston Scientific
- Huiheng Medical
- Olympus
- GE Healthcare
- CONMED
- IsoRay Medical
- Gammex
- CIVCO Medical Instruments
Highlights of The Medical Brachytherapy Device Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Breast Brachytherapy Devices
- Skin and Surface Brachytherapy Devices
- Others
- By Application:
- Hospitals
- Research Institutes
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Medical Brachytherapy Device Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
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- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A medical brachytherapy device is a type of radiation therapy that uses short, intense bursts of radiation to treat cancer.
Some of the major companies in the medical brachytherapy device market are CR Bard, Elekta, Varian Medical Systems, Eckert and Zieglar BEBIG, Theragenics, Cook Medical, Boston Scientific, Huiheng Medical, Olympus, GE Healthcare, CONMED, IsoRay Medical, Gammex, CIVCO Medical Instruments.
The medical brachytherapy device market is expected to register a CAGR of 5.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Medical Brachytherapy Device Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Medical Brachytherapy Device Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Medical Brachytherapy Device Market - Supply Chain
4.5. Global Medical Brachytherapy Device Market Forecast
4.5.1. Medical Brachytherapy Device Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Medical Brachytherapy Device Market Size (000 Units) and Y-o-Y Growth
4.5.3. Medical Brachytherapy Device Market Absolute $ Opportunity
5. Global Medical Brachytherapy Device Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Medical Brachytherapy Device Market Size and Volume Forecast by Type
5.3.1. Breast Brachytherapy Devices
5.3.2. Skin and Surface Brachytherapy Devices
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Medical Brachytherapy Device Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Medical Brachytherapy Device Market Size and Volume Forecast by Application
6.3.1. Hospitals
6.3.2. Research Institutes
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Medical Brachytherapy Device Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Medical Brachytherapy Device Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Medical Brachytherapy Device Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Medical Brachytherapy Device Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Medical Brachytherapy Device Demand Share Forecast, 2019-2026
9. North America Medical Brachytherapy Device Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Medical Brachytherapy Device Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Medical Brachytherapy Device Market Size and Volume Forecast by Application
9.4.1. Hospitals
9.4.2. Research Institutes
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Medical Brachytherapy Device Market Size and Volume Forecast by Type
9.7.1. Breast Brachytherapy Devices
9.7.2. Skin and Surface Brachytherapy Devices
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Medical Brachytherapy Device Demand Share Forecast, 2019-2026
10. Latin America Medical Brachytherapy Device Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Medical Brachytherapy Device Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Medical Brachytherapy Device Market Size and Volume Forecast by Application
10.4.1. Hospitals
10.4.2. Research Institutes
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Medical Brachytherapy Device Market Size and Volume Forecast by Type
10.7.1. Breast Brachytherapy Devices
10.7.2. Skin and Surface Brachytherapy Devices
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Medical Brachytherapy Device Demand Share Forecast, 2019-2026
11. Europe Medical Brachytherapy Device Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Medical Brachytherapy Device Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Medical Brachytherapy Device Market Size and Volume Forecast by Application
11.4.1. Hospitals
11.4.2. Research Institutes
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Medical Brachytherapy Device Market Size and Volume Forecast by Type
11.7.1. Breast Brachytherapy Devices
11.7.2. Skin and Surface Brachytherapy Devices
11.7.3. Others
11.8. BasisPoint Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Medical Brachytherapy Device Demand Share, 2019-2026
12. Asia Pacific Medical Brachytherapy Device Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Medical Brachytherapy Device Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Medical Brachytherapy Device Market Size and Volume Forecast by Application
12.4.1. Hospitals
12.4.2. Research Institutes
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Medical Brachytherapy Device Market Size and Volume Forecast by Type
12.7.1. Breast Brachytherapy Devices
12.7.2. Skin and Surface Brachytherapy Devices
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Medical Brachytherapy Device Demand Share, 2019-2026
13. Middle East & Africa Medical Brachytherapy Device Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Medical Brachytherapy Device Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Medical Brachytherapy Device Market Size and Volume Forecast by Application
13.4.1. Hospitals
13.4.2. Research Institutes
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Medical Brachytherapy Device Market Size and Volume Forecast by Type
13.7.1. Breast Brachytherapy Devices
13.7.2. Skin and Surface Brachytherapy Devices
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Medical Brachytherapy Device Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Medical Brachytherapy Device Market: Market Share Analysis
14.2. Medical Brachytherapy Device Distributors and Customers
14.3. Medical Brachytherapy Device Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. CR Bard
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Elekta
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Varian Medical Systems
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Eckert and Zieglar BEBIG
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Theragenics
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Cook Medical
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Boston Scientific
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Huiheng Medical
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Olympus
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. GE Healthcare
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. CONMED
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. IsoRay Medical
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Gammex
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. CIVCO Medical Instruments
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook