Global Brachytherapy Market Research Report Covers Historical Market Trends, Current Market Dynamics, Market Valuation by Segmentation as Well as Region, Country-level Analysis for Every Segment, Key Player’s Market Share Analysis, Competitive Landscape and Supply Chain Analysis.
The Global Brachytherapy Market consists of players such as Argon Medical Devices Inc. (U.S.), BXTAccelyon Limited (U.K), C. R. Bard Inc (U.S.), Cianna Medical (U.S.), Eckert & Ziegler (Germany), Elekta AB (Sweden), IsoAid (U.S.), IsoRay Medical Inc. (U.S.), Panacea Medical Technologies Pvt. Ltd. (India), Theragenics Corporation (U.S.), Varian Medical Systems Inc. (U.S.) are some of the prominent players at the forefront of competition in the global brachytherapy market and are profiled in MRFR Analysis report.
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Global Brachytherapy Market – Overview
According to a recent study published by the Market Research Future analysts, the global brachytherapy market is growing at a double-digit growth rate. This exponential growth in the market is attributed to increasing incidence rate of cancer, increasing demand for the alternative treatment for prostate cancer, and rising adoption of radiation therapy for cancer treatment.
However, there are certain factors that may limit the growth of this market to an extent. One of the major factors is the adverse effects of the radioactive compounds on the patient’s body leading to other health illness. Besides that, cost of the treatment, lack of awareness, lack of treatment facilities in underdeveloped areas may also affect the growth of global brachytherapy market.
Global Brachytherapy Market – Competitive Analysis
There are large number of companies involved in the development of the devices and therapies for the treatment of cancers. Such devices are being used in majority part of the developed countries. Global market for brachytherapy is majorly dominated by companies such as C. R. Bard Inc, Eckert & Ziegler, Elekta AB, Varian Medical Systems Inc.
Varian Medical Systems, Inc. provides brachytherapy devices including brachytherapy afterloaders and applicators. Besides that, it also provides software solutions for brachytherapy. In August 2017, Varian Medical Systems signed brachytherapy applicator distribution agreement with Bionix Radiation Therapy. In December 2016, the company announced the acquisition of the Medical Imaging business of PerkinElmer, Inc. Earlier in August 2014, it had also acquired Certain Assets of Transpire, Inc., a specialized developer of radiation simulation software.
Apart from these major companies, there are players like Argon Medical Devices Inc., BXTAccelyon Limited, Cianna Medical, IsoAid, IsoRay Medical Inc., Panacea Medical Technologies Pvt. Ltd., Theragenics Corporation, and others which offer brachytherapy solutions and operate in different regions and countries.
Global Brachytherapy Market – Regional Analysis
Americas is the largest market for brachytherapy globally. The major factor in this large share is presence of large number of companies providing brachytherapy solutions. The growth in the American market is majorly due to the rise in the patient population and increased number oncology cases in recent years. According to national cancer institute, in 2015, there were approximately 3,120,176 men living with prostate cancer in the United States. In 2018, and estimated death count in US because of Prostate cancer is 29,430, which is nearly 5% of the total cancer deaths in US. Moreover, increasing competition among players is also fuelling the growth of the brachytherapy market in American region.
European region holds the second largest market share in brachytherapy market. One of the biggest factors in this region is the huge patient population of different types of cancer. UK is one of the major countries having large patient pollution. In 2015, 47,151 new cases of prostate cancer were found in UK. Besides that, Germany, France, Italy, and Spain are major countries that contribute in the European brachytherapy market.
Asia Pacific region is currently far behind Americas and Europe in terms of market sizing. However, the growth of the brachytherapy market in this region is phenomenal. There are large number of companies entering in the Asian region for their business development and expansion. Japan currently being the most developed country in Asia region, dominates the Asian market. However, India, and China market are the most lucrative markets for new investors and new companies. As a result, these markets are growing at a rapid pace.
The Middle East & Africa contributes least in the global market of brachytherapy. Saudi Arabia, and UAE are the most developing countries in the region that offer better healthcare facilities and posses better medical avenues. The Middle East & Africa market is projected to continue its slow growth during the forecast period 2018 to 2023
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Scope of Report
The report for Brachytherapy market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different markets segments and regions
Study objectives:
Main objective of this research is to provide information about brachytherapy market, types of brachytherapy, and its application.
- To provide detailed analysis of the market structure along with the forecast for the next seven years of the various segments and sub-segments of the brachytherapy market.
- To provide insights about factors affecting the market growth.
- To analyze the brachytherapy market based on various factors- Price Analysis, Supply Chain Analysis, Porters Five Force Analysis, etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies – Americas, Europe, Asia Pacific and the Middle East & Africa and their countries.
- To provide country level analysis of the market with respect to the current market size and future prospective.
- To provide country level analysis of the market for segments type of brachytherapy, by application and its sub-segments.
- To provide an overview of key players and their strategic profiling in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global Brachytherapy market.
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