Exploring Brachytherapy Devices Market Opportunity, Latest Trends, Demand, and Development By 2029- MarkNtel Advisors

 According to Markntel Advisors Report, Brachytherapy Devices Market is expected to grow at a significant growth rate, and the analysis period is 2024-2029, considering the base year as 2023. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.

Brachytherapy is radiation therapy that is used to treat localized tumor cells inside the human body, through the placement of a device nearby tumor tissues. This device emits radiation which only affects the surrounding tumor tissues and allows it to destroy cancer cells. These devices have applications in most cancer diseases including prostate cancer, breast cancer, skin cancer, etc.

 

Global Brachytherapy Devices Market Research Report & Summary:

The Global Brachytherapy Devices Market is projected to grow at a CAGR of around 7.0% during the forecast period, i.e., 2024-2029.      

Time Period Captured in the Report:

·         Historical Years: 2019-22

·         Base Years: 2023

·         Forecast Years: 2024-2029

Who are the Key Players Operating in the Brachytherapy Devices Market?

The top companies of the Brachytherapy Devices Market ruling the industry are: 

Varian Medical Systems, Inc., iCAD Inc., Eckert & Ziegler Medical, Merit Medical Systems, Elekta AB, Isoray Inc, Theragenics Corporation, Cook Medical, Becton, Dickinson and Company, Sun Nuclear Corporation, CIVCO Medical Solutions, Siemens Healthcare Pvt. Ltd., IsoAid, AngioDynamics, SeeDOS Ltd., and Other

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Brachytherapy Devices Industry Recent Development:

·         2022: Varian, launched BRAVOS® and GammaMedplus™ iX brachytherapy after loaders, along with a wide range of applicators and brachytherapy treatment planning software tools. It was in line to enhance its product portfolio in the brachytherapy segment.

What is Included in Brachytherapy Devices Market Segmentation?

The Brachytherapy Devices Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic.  The further bifurcations are as follows:

-By Product Type

-Seeds- Market Size & Forecast 2019-2029, USD Million

-Applicators & Afterloaders- Market Size & Forecast 2019-2029, USD Million

-Imaging systems- Market Size & Forecast 2019-2029, USD Million

-Others (Needles, Miniaturized X-Ray Source, etc.)- Market Size & Forecast 2019-2029, USD Million

-By Technique

-Low Dose Rate (LDR)- Market Size & Forecast 2019-2029, USD Million

-High Dose Rate (HDR)- Market Size & Forecast 2019-2029, USD Million

-Pulse Dose Rate (PDR)- Market Size & Forecast 2019-2029, USD Million

-By Application

-Prostate Cancer- Market Size & Forecast 2019-2029, USD Million

-Gynecological Cancer- Market Size & Forecast 2019-2029, USD Million

-Breast Cancer- Market Size & Forecast 2019-2029, USD Million

-Others (Skin Cancer, Esophageal Cancer, etc.,)- Market Size & Forecast 2019-2029, USD Million

-By End-user

-Hospitals- Market Size & Forecast 2019-2029, USD Million

-Cancer Treatment Centers- Market Size & Forecast 2019-2029, USD Million

-Others (Specialty Clinics, Ambulatory Surgical Centers, etc.) - Market Size & Forecast 2019-2029, USD Million

-By Region

-North America

-South America

-Europe

-Middle East & Africa

-Asia-Pacific

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Market Dynamics -Global Brachytherapy Devices Market:

Rising Burden of Geriatric Population to Drive the Demand for Brachytherapy – The growing geriatric population globally is much more sensitive to carcinogenic agents, which has been leading to a significant rise in cancer prevalence in the geriatric population. There are various changes in the old-age population that have been responsible for the high rate of cancer like cellular damage, DNA damage, & weakened immune response among others.

Furthermore, the older population is also highly sensitive to the therapies that have been used for cancer treatment, as their tolerance is lower in comparison to the younger population. Hence, these patients have been observed to prefer therapies with lower side effects, and targeted effects, among which brachytherapy is one. Consequently, the growing geriatric population and rising cases of cancer among them have been positively affecting the demand for brachytherapy devices across the globe.

As per World Health Organization, the geriatric population in 2020 was around 1 billion, which would be doubled to 2.1 billion by the end of 2050. Hence, as the life expectancy of the consumers is increasing, which would uplift the geriatric population, and enhance the prevalence of cancer as well across the world. Therefore, this would drive the growth of the Global Brachytherapy Devices Market in the upcoming years.

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