Brachytherapy Equipment Market size is estimated to be USD 740 Million in 2024 and is expected to reach USD 1.2 Billion by 2033 at a CAGR of 6.3% from 2026 to 2033.
In 2022, the global brachytherapy equipment market was valued at approximately USD 907.76 million, with projections indicating growth to USD 969.92 million in 2023. The market is anticipated to expand at a compound annual growth rate (CAGR) of 7.1% from 2023 to 2030, reaching an estimated USD 1.62 billion by 2030. High Dose Rate (HDR) brachytherapy dominated the market, accounting for 71.5% of the revenue share in 2022. The applicators and afterloaders segment led the product category, capturing 44.5% of the market share in the same year. Prostate cancer was the primary application, representing 32.9% of the market. Regionally, North America held the largest market share at 45.2% in 2022, driven by the efficiency and safety advantages of brachytherapy procedures, favorable regulatory and reimbursement scenarios, and increased investments in new product development. The Asia Pacific region is expected to experience the highest CAGR over the forecast period, attributed to a high disease burden, rising awareness, and limited access to advanced cancer treatments, presenting opportunities for market players. For instance, in November 2022, Medicover Hospitals launched Asia’s first TrueBeam Identify system in India, enhancing treatment accessibility. In Europe, the market is growing due to increasing government regulations, the emergence of start up companies developing brachytherapy devices, and rising research and development activities. The region faces a significant cancer burden, with over 3.7 million new cases and 1.9 million deaths annually, prompting the adoption of advanced radiation therapies.
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Boston Scientific Corporation
C.R.Bard
GE Healthcare
Cook Medical Incorporated
Olympus
C4 Imaging
Cianna Medical
Eckert & Ziegler BEBIG S.A
Elekta AB
Huiheng Medical
Inc
Isoaid
Panacea Medical Technologies
Radiadyne
Theragenics Corporation
Varian Medical Systems
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Brachytherapy Equipment Market
Low-Dose Rate (LDR) Brachytherapy
High-Dose Rate (HDR) Brachytherapy
Pulse Dose Rate (PDR) Brachytherapy
Radioactive Seeds
Iridium-192
Cobalt-60
Cesium-137
Oncology
Gynecology
Urology
Palliative Care
Hospitals
Outpatient Surgical Centers
Research and Academic Institutions
Digital Brachytherapy Systems
Manual Brachytherapy Systems
Automated Brachytherapy Systems
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Brachytherapy Equipment Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Brachytherapy Equipment Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Brachytherapy Equipment Market, By Type
6. Global Brachytherapy Equipment Market, By Application
7. Global Brachytherapy Equipment Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Brachytherapy Equipment Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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