Intraoperative Radiation Therapy Market Competitive Analysis with Growth Forecast 2030
The report is designed to provide a holistic view of the Intraoperative Radiation Therapy Market .It provides the industry overview with market growth analysis with a historical & futuristic perspective for the following parameters; revenue, demands, and supply data (as applicable). Regional estimates and forecasts & trend analysis for eac country (U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Luxemburg, Rest of Europe, Japan, China, South Korea, India, Australia And New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America UAE, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa, etc.), and region (North America, Europe, Asia-Pacific, Middle East and Africa (MEA), and Latin America) are also available in the study. The impact of the COVID-19, and also forecasts its recovery post-COVID-19.
Data Bridge Market Research analyses that the intraoperative radiation therapy market, which was USD 283.94 million in 2022, would rise to USD 498.91 million by 2030 and is expected to undergo a CAGR of 7.30% during the forecast period from 2023 to 2030.
Top Companies in the Intraoperative Radiation Therapy Market
IntraOp Medical, Inc (U.S.), Varian Medical Systems, Inc (U.S.), Eckert & Ziegler (Germany), Sensus Healthcare (U.S.)., Elekta (Sweden)., REMEDI Co., Ltd (South Korea), Brainlab AG (Germany), Sensus Healthcare (U.S.), Elekta (Sweden).
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This report segments the Intraoperative Radiation Therapy Market are:
Method
Electron
Intraoperative Brachytherapy
High Dose-Rate
X-Ray
Others
Product
Intraoperative Radiation Therapy Devices
Intraoperative Radiation Therapy Accessories
Software and Services
Type
Portable
Benchtop
Application
Breast Cancer
Brain Tumor
Head and Neck Cancer
Soft Tissue Sarcoma
Pediatric Tumors
Gynecological Cancer
Genitourinary Cancers
Upper Gastro-Intestinal Tumor
Other Cancer
End User
Hospital
Ambulatory Surgical Centers
Specialty Center
Others
Distribution Channel
Direct Tender
Retail Sales
Drivers
Increasing Prevalence of Cancer
A rise in cancer incidence rate globally is expected to boost the market during the forecast period, as radiation therapy is used in approximately 50% of all cancer treatments. According to GLOBOCAN 2021, there were around 19.3 million new cancer cases worldwide in 2020, which is anticipated to rise to 30.2 million by 2040. As nuclear medicines are widely used in cancer treatment, such as radiotherapy, there is a growing demand for nuclear medicine radioisotopes, thus boosting the market. The growing number of cancer cases would generate the need for nuclear medicine radioisotopes for treatment, enhancing the market's growth. Thus, this factor boosts market growth.
Opportunities
Increasing Product Launches by Market Players
Several intraoperative imaging technologies, such as c-arm, iUltrasound, and iMRI, have greatly extended surgical possibilities. The ability to see bones and soft tissue with extreme precision has changed the surgical care of several disorders, including orthopedics, cardiology, neurology, vascular, and neurology. The persistent advances in intraoperative imaging technologies, such as 3D and real-time imaging, are anticipated to expand the market. For instance, the FDA granted GE Healthcare clearance for OEC 3D, a surgical imaging system capable of 3D and 2D imaging, in 2021. By offering precise volumetric images, OEC 3D sets a goal to set a benchmark for intraoperative 3D imaging for spine and orthopedic surgeries. Thus, this factor boosts market growth.
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