Global Brachytherapy Market Report 2022: A $1.03 Billion Market by 2027 - Industry Trends, Share, Size, Growth, Opportunities and Forecasts - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Brachytherapy Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

The global brachytherapy market reached a value of US$ 785 Million in 2021. Looking forward, the market to reach US$ 1,033.9 Million by 2027, exhibiting a CAGR of 4.7% during 2021-2027.

Brachytherapy, also known as internal radiation therapy, is a form of radiotherapy in which radiation is transported directly through a source implanted near or next to the cancerous tumor in the body. The source produces gamma rays that are focused on cancer cells and reduce the damage to surrounding healthy tissue.

Brachytherapy is either administered in Low Dose Rate (LDR) or High Dose Rate (HDR) depending upon the severity of the disease and its damage. For LDR, small radioactive seeds are implanted permanently in or around the tumor, whereas, for HDR, radioactive sources are removed from the patient's body at the termination of each session and is used in the cases of high-risk cancers.

The rising prevalence of different types of cancer is one of the key factors driving the global market. Brachytherapy has been proven to be an extremely effective treatment option for cervical, skin and breast cancers, which is contributing significantly to its market growth.

Furthermore, the availability of high-quality brachytherapy equipment that provides accurate and extremely localized doses of radiation to small tumors has enhanced the acceptance of the therapy amongst patients and medical professionals alike.

Technological advancements in oncology treatments and extensive research and development (R&D), such as trials for treating neovascular age-related macular degeneration, have also provided a significant boost to the market growth.

In addition to this, growing medical tourism across the globe, along with increasing awareness about the advantages of brachytherapy and its cost-effectiveness and increasing cure rate as compared to surgery or external beam therapy (EBT), is also significantly driving the market.

Key Questions Answered in This Report:

• How has the global brachytherapy market performed so far and how will it perform in the coming years?
• What are the key regional markets in the global brachytherapy industry?
• What has been the impact of COVID-19 on the global brachytherapy industry?
• What is the breakup of the market based on the service type?
• What is the breakup of the market based on the technology?
• What is the breakup of the market based on the mode of procurement?
• What is the breakup of the market based on the end-user?
• What are the various stages in the value chain of the global brachytherapy industry?
• What are the key driving factors and challenges in the global brachytherapy industry?
• What is the structure of the global brachytherapy industry and who are the key players?
• What is the degree of competition in the global brachytherapy industry?

Competitive Landscape:

The report has also analyzed the competitive landscape

• Acusis Software India Pvt Ltd.
• Transcend Services Inc.
• Naunce Communications Inc.
• MModal Global Services Pvt. Ltd.
• iMedX Information Services Pvt. Ltd.
• Global Medical Transcription LLC
• nThrive Solutions LLC
• MTBC (CareCloud Inc.)
• Medi-Script Plus
• Transtech Medical Solutions LLC

Key Market Segmentation:

Breakup by Service Type:

• History and Physical Report
• Discharge Summary
• Operative Note or Report
• Consultation Report
• Others (Pathology Report, Radiology Report, etc.)

Breakup by Technology:

• EMR/EHR
• PACS
• RIS
• SRT
• Others

Breakup by Mode of Procurement:

• Outsourcing
• Offshoring
• Both

Breakup by End-User:

• Hospitals
• Clinics
• Clinical Laboratories
• Academic Medical Centers
• Others

For more information about this report visit https://www.researchandmarkets.com/r/lkie0i