LONDON--(BUSINESS WIRE)--Technavio’s latest market research report on the global brachytherapy devices market provides an analysis of the most important trends expected to impact the market outlook from 2018-2022.
According to Technavio market research analysts, the global brachytherapy devices market will grow at a CAGR of close to 8% during the forecast period. The rising incidence of cancer is a major factor driving the market’s growth.
Cancer leads to a change in the morphology of the human cells, as it leads to uncontrolled division of cells. There are more than 80 types of cancers. Cancer has a major impact on the health and well-being of individuals worldwide. In countries such as the US, in 2016, nearly 1.7 million new cases of cancer were diagnosed, and the most common type of cancers were pancreatic cancer, leukemia, kidney and renal pelvis cancer, bladder cancer, melanoma of the skin, colon and rectum cancer, breast cancer, prostate cancer, lung and bronchus cancer, thyroid cancer, endometrial cancer, and non-Hodgkin lymphoma. Globally, cancer is identified as one of the leading causes of death.
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In this report, Technavio highlights the increasing focus on image-guided brachytherapy as one of the key emerging trends in the global brachytherapy devices market:
Increasing focus on image-guided brachytherapy
After the inception of brachytherapy, numerous innovations have been observed in brachytherapy. IGBT is one such significant innovation. IGBT uses advanced imaging techniques leading to more safe, accurate, and effective placement of the brachytherapy catheters. Furthermore, IGBT uses cross-sectional image data and lead to the development of 3D models, helping clinicians to accurately deliver radiation at the target site and also reduces the exposure to surrounded healthy tissues.
“Companies such as Varian Medical Systems support IGBT and offers solutions such as Varian BrachyTherapy Suite from the collaboration between Varian Medical Systems and Siemens to image and treat in the same room for brachytherapy procedures. It streamlines the workflow and avoids patient movement. In addition, it potentially reduces treatment errors,” says a senior analyst at Technavio for research on orthopedics and medical devices.
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Global brachytherapy devices market segmentation
This market research report segments the global brachytherapy devices market into the following applications (gynecological cancer, prostate cancer, and breast cancer) and key regions (the Americas, APAC, and EMEA).
The gynecological cancer segment held the largest market share in 2017, accounting for nearly 45% of the market. Cancers that affect women's reproductive organs are known as gynecological cancers, which include cervical cancer, ovarian cancer, uterine cancer, vaginal cancer, and vulvar cancer. Women are at risk of developing various gynecological cancers, and the risk increases with age.
The Americas was the leading region for the global brachytherapy devices market in 2017, accounting for a market share of nearly 48%. By 2022, APAC and EMEA are expected to witness positive growth in terms of market share.
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