Brachytherapy Devices Market Size and Forecast (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product Type (Seeds, Brachytherapy Afterloaders and Applicators, and Electronic Brachytherapy), Type (High-Dose Rate Brachytherapy Implant and Low-Dose Rate Brachytherapy Implant), Application (Breast Cancer, Cervical Cancer, Prostate Cancer, Lung Cancer, and Others), End User (Hospitals and Specialty Clinics, Ambulatory Surgical Centers, and Others), and Geography (North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa)
The brachytherapy devices market forecast can help stakeholders in this marketplace plan their growth strategies. The market is projected to grow from US$ 310.96 million in 2022 to US$ 501.75 million by 2030; it is projected to register a CAGR of 6.2% during 2022–2030.
Brachytherapy is a form of radiation treatment used to treat cancer. It involves placing radioactive materials inside the patient's body to deliver high doses of radiation to the affected areas. There are two types of brachytherapy techniques available - Low Dose Rate (LDR) and High Dose Rate (HDR), both of which are commonly used to treat prostate cancer. The increasing prevalence of cancer worldwide is expected to boost the adoption of brachytherapy treatment. Additionally, the advantages of brachytherapy over traditional treatment methods, such as shorter treatment times, greater effectiveness, and advancement in brachytherapy devices, are likely to drive growth in the global brachytherapy devices market.
Factors Affecting Brachytherapy Therapy Devices Market
Brachytherapy has undergone significant advancements in the last decade, attributed to improved applicators, imaging, treatment planning, and clinical trials. Moreover, the current research on brachytherapy technology continuously changes how this treatment modality is delivered. Combining brachytherapy with other treatments, such as external radiation therapy, chemotherapy, immunotherapy, or surgery, has become a promising trend in cancer management. For instance, in an article published by the Journal of Contemporary Brachytherapy in August 2021, studies on cancer treatment through combined modality, tumor sensitization and normal tissue protection, molecular radiation biology, and clinical investigations of brachytherapy were conducted. It was concluded that combining brachytherapy with immunotherapy can improve local tumor control and enhance non-irradiated lesion responses.
Therefore, such advancements in brachytherapy devices and treatments are anticipated to fuel the market during the forecast period.
Brachytherapy Therapy Devices Market Analysis Based on the Segmental Share:
The brachytherapy therapy devices market, by product type, is segmented into seeds, brachytherapy afterloaders and applicators, and electronic brachytherapy. The brachytherapy afterloaders and applicators segment held the largest market share in 2022 and is anticipated to register the highest CAGR during 2022–2030.
The market is bifurcated based on type into high-dose rate brachytherapy implant and low-dose rate brachytherapy implant. The low-dose rate brachytherapy implant segment held a larger brachytherapy devices market share in 2022 and is anticipated to grow at a faster CAGR from 2022 to 2030.
The brachytherapy devices market, by application, is segmented into breast cancer, cervical cancer, prostate cancer, lung cancer, and others. The prostate cancer segment held the largest market share in 2022 and is anticipated to register the highest CAGR during 2022–2030.
In terms of end user, the market is segmented into hospitals and specialty clinics, ambulatory surgical centers, and others. The hospitals segment held the largest market share in 2022. This can be attributed to the availability of better facilities and skilled physicians in hospitals over other surgical centers to perform minimally invasive procedures.
Regional Brachytherapy Therapy Devices Market Analysis:
Geographically, the global brachytherapy devices market is segmented into North America, Asia Pacific, Europe, the Middle East & Africa, and South & Central America. In terms of revenue, North America dominated the brachytherapy devices market share in 2022. The brachytherapy devices market in this region is dominated by the US. This can be attributed to factors such as the increasing cases of breast cancer among women and prostate cancer among men in the region. According to the Pan America Health Organization (PAHO), in 2020, an estimated 4 million people in the Americas were diagnosed with cancer, which is predicted to increase by ~60% by 2040.
Additionally, the presence of market players, such as BD, Isoray Inc., and Elekta, and the availability of advanced brachytherapy devices present a sizable opportunity for market expansion. For instance, in July 2021, GenesisCare expanded its brachytherapy service by procuring 27 Flexitron brachytherapy afterloader systems and service agreements from Elekta. These advanced cancer treatment devices enabled GenesisCare to keep up with the latest technology and provide high-quality care to its patients across their centers in the US.
Brachytherapy is a form of radiation treatment used to treat cancer. It involves placing radioactive materials inside the patient's body to deliver high doses of radiation to the affected areas. There are two types of brachytherapy techniques available - Low Dose Rate (LDR) and High Dose Rate (HDR), both of which are commonly used to treat prostate cancer. The increasing prevalence of cancer worldwide is expected to boost the adoption of brachytherapy treatment. Additionally, the advantages of brachytherapy over traditional treatment methods, such as shorter treatment times, greater effectiveness, and advancement in brachytherapy devices, are likely to drive growth in the global brachytherapy devices market.
Factors Affecting Brachytherapy Therapy Devices Market
Brachytherapy has undergone significant advancements in the last decade, attributed to improved applicators, imaging, treatment planning, and clinical trials. Moreover, the current research on brachytherapy technology continuously changes how this treatment modality is delivered. Combining brachytherapy with other treatments, such as external radiation therapy, chemotherapy, immunotherapy, or surgery, has become a promising trend in cancer management. For instance, in an article published by the Journal of Contemporary Brachytherapy in August 2021, studies on cancer treatment through combined modality, tumor sensitization and normal tissue protection, molecular radiation biology, and clinical investigations of brachytherapy were conducted. It was concluded that combining brachytherapy with immunotherapy can improve local tumor control and enhance non-irradiated lesion responses.
Therefore, such advancements in brachytherapy devices and treatments are anticipated to fuel the market during the forecast period.
Brachytherapy Therapy Devices Market Analysis Based on the Segmental Share:
The brachytherapy therapy devices market, by product type, is segmented into seeds, brachytherapy afterloaders and applicators, and electronic brachytherapy. The brachytherapy afterloaders and applicators segment held the largest market share in 2022 and is anticipated to register the highest CAGR during 2022–2030.
The market is bifurcated based on type into high-dose rate brachytherapy implant and low-dose rate brachytherapy implant. The low-dose rate brachytherapy implant segment held a larger brachytherapy devices market share in 2022 and is anticipated to grow at a faster CAGR from 2022 to 2030.
The brachytherapy devices market, by application, is segmented into breast cancer, cervical cancer, prostate cancer, lung cancer, and others. The prostate cancer segment held the largest market share in 2022 and is anticipated to register the highest CAGR during 2022–2030.
In terms of end user, the market is segmented into hospitals and specialty clinics, ambulatory surgical centers, and others. The hospitals segment held the largest market share in 2022. This can be attributed to the availability of better facilities and skilled physicians in hospitals over other surgical centers to perform minimally invasive procedures.
Regional Brachytherapy Therapy Devices Market Analysis:
Geographically, the global brachytherapy devices market is segmented into North America, Asia Pacific, Europe, the Middle East & Africa, and South & Central America. In terms of revenue, North America dominated the brachytherapy devices market share in 2022. The brachytherapy devices market in this region is dominated by the US. This can be attributed to factors such as the increasing cases of breast cancer among women and prostate cancer among men in the region. According to the Pan America Health Organization (PAHO), in 2020, an estimated 4 million people in the Americas were diagnosed with cancer, which is predicted to increase by ~60% by 2040.
Additionally, the presence of market players, such as BD, Isoray Inc., and Elekta, and the availability of advanced brachytherapy devices present a sizable opportunity for market expansion. For instance, in July 2021, GenesisCare expanded its brachytherapy service by procuring 27 Flexitron brachytherapy afterloader systems and service agreements from Elekta. These advanced cancer treatment devices enabled GenesisCare to keep up with the latest technology and provide high-quality care to its patients across their centers in the US.
1. INTRODUCTION
1.1 Scope of the Study
1.2 Market Definition, Assumptions and Limitations
1.3 Market Segmentation
2. EXECUTIVE SUMMARY
2.1 Key Insights
2.2 Market Attractiveness Analysis
3. RESEARCH METHODOLOGY
4. BRACHYTHERAPY DEVICES MARKET LANDSCAPE
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in the Value Chain
5. BRACHYTHERAPY DEVICES MARKET - KEY MARKET DYNAMICS
5.1 Key Market Drivers
5.2 Key Market Restraints
5.3 Key Market Opportunities
5.4 Future Trends
5.5 Impact Analysis of Drivers and Restraints
6. BRACHYTHERAPY DEVICES MARKET - GLOBAL MARKET ANALYSIS
6.1 Brachytherapy Devices - Global Market Overview
6.2 Brachytherapy Devices - Global Market and Forecast to 2031
7. BRACHYTHERAPY DEVICES MARKET – REVENUE ANALYSIS (USD MILLION) – BY PRODUCT TYPE, 2021-2031
7.1 Overview
7.2 Seeds
7.3 Brachytherapy Afterloaders and Applicators
7.4 Electronic Brachytherapy
8. BRACHYTHERAPY DEVICES MARKET – REVENUE ANALYSIS (USD MILLION) – BY TYPE, 2021-2031
8.1 Overview
8.2 High Dose Rate Brachytherapy Implants
8.3 Low Dose Rate Brachytherapy Implants
9. BRACHYTHERAPY DEVICES MARKET – REVENUE ANALYSIS (USD MILLION) – BY APPLICATION, 2021-2031
9.1 Overview
9.2 Breast Cancer
9.3 Cervical Cancer
9.4 Prostate Cancer
9.5 Lung Cancer
9.6 Others
10. BRACHYTHERAPY DEVICES MARKET – REVENUE ANALYSIS (USD MILLION) – BY END USER, 2021-2031
10.1 Overview
10.2 Hospital and Specialty Clinics
10.3 Ambulatory Surgical Centers
10.4 Others
11. BRACHYTHERAPY DEVICES MARKET - REVENUE ANALYSIS (USD MILLION), 2021-2031 – GEOGRAPHICAL ANALYSIS
11.1 North America
11.1.1 North America Brachytherapy Devices Market Overview
11.1.2 North America Brachytherapy Devices Market Revenue and Forecasts to 2031
11.1.3 North America Brachytherapy Devices Market Revenue and Forecasts and Analysis - By Product Type
11.1.4 North America Brachytherapy Devices Market Revenue and Forecasts and Analysis - By Type
11.1.5 North America Brachytherapy Devices Market Revenue and Forecasts and Analysis - By Application
11.1.6 North America Brachytherapy Devices Market Revenue and Forecasts and Analysis - By End User
11.1.7 North America Brachytherapy Devices Market Revenue and Forecasts and Analysis - By Countries
11.1.7.1 United States Brachytherapy Devices Market
11.1.7.1.1 United States Brachytherapy Devices Market, by Product Type
11.1.7.1.2 United States Brachytherapy Devices Market, by Type
11.1.7.1.3 United States Brachytherapy Devices Market, by Application
11.1.7.1.4 United States Brachytherapy Devices Market, by End User
11.1.7.2 Canada Brachytherapy Devices Market
11.1.7.2.1 Canada Brachytherapy Devices Market, by Product Type
11.1.7.2.2 Canada Brachytherapy Devices Market, by Type
11.1.7.2.3 Canada Brachytherapy Devices Market, by Application
11.1.7.2.4 Canada Brachytherapy Devices Market, by End User
11.1.7.3 Mexico Brachytherapy Devices Market
11.1.7.3.1 Mexico Brachytherapy Devices Market, by Product Type
11.1.7.3.2 Mexico Brachytherapy Devices Market, by Type
11.1.7.3.3 Mexico Brachytherapy Devices Market, by Application
11.1.7.3.4 Mexico Brachytherapy Devices Market, by End User
Note - Similar analysis would be provided for below mentioned regions/countries
11.2 Europe
11.2.1 Germany
11.2.2 France
11.2.3 Italy
11.2.4 Spain
11.2.5 United Kingdom
11.2.6 Rest of Europe
11.3 Asia-Pacific
11.3.1 Australia
11.3.2 China
11.3.3 India
11.3.4 Japan
11.3.5 South Korea
11.3.6 Rest of Asia-Pacific
11.4 Middle East and Africa
11.4.1 South Africa
11.4.2 Saudi Arabia
11.4.3 U.A.E
11.4.4 Rest of Middle East and Africa
11.5 South and Central America
11.5.1 Brazil
11.5.2 Argentina
11.5.3 Rest of South and Central America
12. INDUSTRY LANDSCAPE
12.1 Mergers and Acquisitions
12.2 Agreements, Collaborations, Joint Ventures
12.3 New Product Launches
12.4 Expansions and Other Strategic Developments
13. COMPETITIVE LANDSCAPE
13.1 Heat Map Analysis by Key Players
13.2 Company Positioning and Concentration
14. BRACHYTHERAPY DEVICES MARKET - KEY COMPANY PROFILES
14.1 Elekta
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
Note - Similar information would be provided for below list of companies
14.2 Varian Medical Systems, Inc
14.3 BEBIG Medical
14.4 Theragenics Corporation
14.5 IsoAid
14.6 Siemens Healthineers AG
14.7 BXTA
14.8 BD
14.9 Eckert and Ziegler
14.10 Perspective Therapeutics
15. APPENDIX
15.1 Glossary
15.2 About The Insight Partners
15.3 Market Intelligence Cloud
1.1 Scope of the Study
1.2 Market Definition, Assumptions and Limitations
1.3 Market Segmentation
2. EXECUTIVE SUMMARY
2.1 Key Insights
2.2 Market Attractiveness Analysis
3. RESEARCH METHODOLOGY
4. BRACHYTHERAPY DEVICES MARKET LANDSCAPE
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in the Value Chain
5. BRACHYTHERAPY DEVICES MARKET - KEY MARKET DYNAMICS
5.1 Key Market Drivers
5.2 Key Market Restraints
5.3 Key Market Opportunities
5.4 Future Trends
5.5 Impact Analysis of Drivers and Restraints
6. BRACHYTHERAPY DEVICES MARKET - GLOBAL MARKET ANALYSIS
6.1 Brachytherapy Devices - Global Market Overview
6.2 Brachytherapy Devices - Global Market and Forecast to 2031
7. BRACHYTHERAPY DEVICES MARKET – REVENUE ANALYSIS (USD MILLION) – BY PRODUCT TYPE, 2021-2031
7.1 Overview
7.2 Seeds
7.3 Brachytherapy Afterloaders and Applicators
7.4 Electronic Brachytherapy
8. BRACHYTHERAPY DEVICES MARKET – REVENUE ANALYSIS (USD MILLION) – BY TYPE, 2021-2031
8.1 Overview
8.2 High Dose Rate Brachytherapy Implants
8.3 Low Dose Rate Brachytherapy Implants
9. BRACHYTHERAPY DEVICES MARKET – REVENUE ANALYSIS (USD MILLION) – BY APPLICATION, 2021-2031
9.1 Overview
9.2 Breast Cancer
9.3 Cervical Cancer
9.4 Prostate Cancer
9.5 Lung Cancer
9.6 Others
10. BRACHYTHERAPY DEVICES MARKET – REVENUE ANALYSIS (USD MILLION) – BY END USER, 2021-2031
10.1 Overview
10.2 Hospital and Specialty Clinics
10.3 Ambulatory Surgical Centers
10.4 Others
11. BRACHYTHERAPY DEVICES MARKET - REVENUE ANALYSIS (USD MILLION), 2021-2031 – GEOGRAPHICAL ANALYSIS
11.1 North America
11.1.1 North America Brachytherapy Devices Market Overview
11.1.2 North America Brachytherapy Devices Market Revenue and Forecasts to 2031
11.1.3 North America Brachytherapy Devices Market Revenue and Forecasts and Analysis - By Product Type
11.1.4 North America Brachytherapy Devices Market Revenue and Forecasts and Analysis - By Type
11.1.5 North America Brachytherapy Devices Market Revenue and Forecasts and Analysis - By Application
11.1.6 North America Brachytherapy Devices Market Revenue and Forecasts and Analysis - By End User
11.1.7 North America Brachytherapy Devices Market Revenue and Forecasts and Analysis - By Countries
11.1.7.1 United States Brachytherapy Devices Market
11.1.7.1.1 United States Brachytherapy Devices Market, by Product Type
11.1.7.1.2 United States Brachytherapy Devices Market, by Type
11.1.7.1.3 United States Brachytherapy Devices Market, by Application
11.1.7.1.4 United States Brachytherapy Devices Market, by End User
11.1.7.2 Canada Brachytherapy Devices Market
11.1.7.2.1 Canada Brachytherapy Devices Market, by Product Type
11.1.7.2.2 Canada Brachytherapy Devices Market, by Type
11.1.7.2.3 Canada Brachytherapy Devices Market, by Application
11.1.7.2.4 Canada Brachytherapy Devices Market, by End User
11.1.7.3 Mexico Brachytherapy Devices Market
11.1.7.3.1 Mexico Brachytherapy Devices Market, by Product Type
11.1.7.3.2 Mexico Brachytherapy Devices Market, by Type
11.1.7.3.3 Mexico Brachytherapy Devices Market, by Application
11.1.7.3.4 Mexico Brachytherapy Devices Market, by End User
Note - Similar analysis would be provided for below mentioned regions/countries
11.2 Europe
11.2.1 Germany
11.2.2 France
11.2.3 Italy
11.2.4 Spain
11.2.5 United Kingdom
11.2.6 Rest of Europe
11.3 Asia-Pacific
11.3.1 Australia
11.3.2 China
11.3.3 India
11.3.4 Japan
11.3.5 South Korea
11.3.6 Rest of Asia-Pacific
11.4 Middle East and Africa
11.4.1 South Africa
11.4.2 Saudi Arabia
11.4.3 U.A.E
11.4.4 Rest of Middle East and Africa
11.5 South and Central America
11.5.1 Brazil
11.5.2 Argentina
11.5.3 Rest of South and Central America
12. INDUSTRY LANDSCAPE
12.1 Mergers and Acquisitions
12.2 Agreements, Collaborations, Joint Ventures
12.3 New Product Launches
12.4 Expansions and Other Strategic Developments
13. COMPETITIVE LANDSCAPE
13.1 Heat Map Analysis by Key Players
13.2 Company Positioning and Concentration
14. BRACHYTHERAPY DEVICES MARKET - KEY COMPANY PROFILES
14.1 Elekta
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
Note - Similar information would be provided for below list of companies
14.2 Varian Medical Systems, Inc
14.3 BEBIG Medical
14.4 Theragenics Corporation
14.5 IsoAid
14.6 Siemens Healthineers AG
14.7 BXTA
14.8 BD
14.9 Eckert and Ziegler
14.10 Perspective Therapeutics
15. APPENDIX
15.1 Glossary
15.2 About The Insight Partners
15.3 Market Intelligence Cloud
