Categories
Pharmaceutical

Demand for Brachytherapy Devices Market to Cross Value of US$ 2.1 Bn by 2030

The global brachytherapy devices market is estimated to witness a massive growth rate of 8% from 2020 to 2030. The COVID-19 pandemic has had a slightly negative impact on the market. The fact that patients have reduced visits to hospitals and healthcare centers due to the pandemic is impeding market growth to some extent.

For detailed insights on enhancing your product footprint, request for a sample here – https://www.factmr.com/connectus/sample?flag=S&rep_id=5124

However, other factors such as increased geriatric population and rising awareness of minimally-invasive radiotherapy procedures have been a great contributor to the growth of the brachytherapy devices market. Rise in the demand for devices in newly established hospitals across underdeveloped regions is also a key aspect of market growth, especially in the Asia Pacific region.

Key Takeaways from Brachytherapy Devices Market Study

  • North America is the dominant region and accounted for US$ 363 million in market value in 2019.
  • Hospitals are the leading end user segment, and will hold 60% of the total market share.
  • Cervical cancer is the leading indication segment of the market, with an average of 500,000 females getting diagnosed every year.
  • The applicators segment of the global brachytherapy devices market is set to expand at a growth rate of 8.4%.
  • The brachytherapy devices market is in a state of consolidation, where key players account for over 70% of the market revenue.

“The COVID-19 pandemic has resulted in reduced hospital visits for other ailments, which is having a slight negative impact on the growth of the brachytherapy devices market,” says a Fact.MR analyst.

For critical insights on this market, request for methodology here – https://www.factmr.com/connectus/sample?flag=RM&rep_id=5124

Brachytherapy Devices Market: Segmentation

Fact.MR has studied the brachytherapy devices market with detailed segmentation on the basis of by type, indication, dose rate, end user, and key regions.

Type Indication Dose Rate End User Region
Brachytherapy Afterloaders Prostate Cancer High Dose Rate (HDR) Brachytherapy Hospitals North America
Brachytherapy Applicators Breast Cancer Low Dose Rate (LDR) Brachytherapy Cancer Treatment Centers Latin America
Intracavitary Applicators Cervical Cancer Pulse Dose Rate (PDR) Brachytherapy Others Europe
Interstitial Applicators Skin Cancer Others   Asia Pacific
Others Others     Middle East & Africa
Others        

For in-depth competitive analysis, buy now – https://www.factmr.com/checkout/5124

Technological Advancements Key to Market Growth

Key players such as Elekta AB and Accuray are investing in the research & developments of brachytherapy devices – image-guided brachytherapy (IBT), etc., which is one of the latest technologies introduced in the market. Other competitors are also adapting and expanding their portfolios pertaining to such technologies. This has become one of the leading factors that will significantly affect market revenue and increase competition among players in the brachytherapy devices market landscape.

Read More Trending and Similar Reports from Fact.MR – https://www.globenewswire.com/en/news-release/2019/07/26/1892334/0/en/Optometry-Equipment-Sales-Surge-in-Line-with-Industry-s-Focus-on-Easy-Access-and-Competitive-Price-Point-Says-Fact-MR.html

Explore Fact.MR’s Comprehensive Coverage on Healthcare Landscape

Percussion Vests Market Forecast, Trend Analysis, & Competition Tracking – Global Review 2020 to 2030- https://www.factmr.com/report/5263/percussion-vests-market

Continuous Cardiac Monitoring Systems Market Forecast, Trend Analysis, & Competition Tracking – Global Review 2020 to 2030- https://www.factmr.com/report/5265/continuous-cardiac-monitoring-systems-market

Handheld Fluorescence Imaging Devices Market Forecast, Trend Analysis, & Competition Tracking – Global Review 2020 to 2030 – https://www.factmr.com/report/5266/handheld-fluorescence-imaging-devices-market

About Us:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

Contact:

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: sales@factmr.com
Visit Our Website: https://www.factmr.com

Leave a Reply

Your email address will not be published. Required fields are marked *