Key Insights on the Global Brachytherapy Devices Market
According to Technavio market research analysts, the global brachytherapy
devices market is expected to grow at a CAGR of close to 8% during the
forecast period. The rising chances 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 huge impact on the health and well-being of individuals globally.
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.
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.
Brachytherapy
devices industry analysis and forecast
The growing number of cancer patients is resulting in an increased
preference for brachytherapy treatment, which is used for the treatment of
various types of cancers and enables the doctor to deliver a high or low dose
of radiation inside a specific part of the body of cancer patients. Technavio’s
market research report identifies that the rising incidence of cancers will be
one of the primary growth drivers for the global brachytherapy devices market
till 2022. Technavio’s market research analysts predict that the market will
grow at a CAGR of close to 8% by 2022.
Brachytherapy
devices market trends
The introduction of significant innovations such as image-guided
brachytherapy (IGBT) is identified as one of the key trends that will stimulate
growth in the brachytherapy devices market in the forthcoming years. IGBT is
gaining prominence among various surgeons as it facilitates in an accurate,
safe, and effective placement of brachytherapy procedure catheters. The
application of IGBT help clinicians to precisely deliver radiation at the
target site and minimize the exposure to surrounding healthy tissues by using
cross-sectional image data.
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