Home » Brachytherapy Market 2022: Industry Drivers, Growth Factors and Forecast by 2027

Brachytherapy Market 2022: Industry Drivers, Growth Factors and Forecast by 2027

by Maria James
Brachytherapy Market

Brachytherapy Market Overview:

According to the latest report by IMARC Group, titled “Brachytherapy Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on . The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global brachytherapy market reached a value of US$ 785 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 1,033.9 Million by 2027, exhibiting a CAGR of 5.2% during 2022-2027.

Brachytherapy is a procedure that includes the insertion of radioactive material inside the body. It is a radiation therapy mainly used to treat cancerous cells inside the body. In the process, radioactive materials are placed inside the patient’s body to deliver high radiation doses to the target areas. Brachytherapy utilizes two types of techniques, namely Low Dose Rate (LDR) and High Dose Rate (HDR). These techniques are used for the treatment of prostate cancer. It offers various benefits over traditional treatment procedures, such as lower treatment time and higher efficacy. Brachytherapy is currently backed with software solutions that enable healthcare providers to manage and schedule Brachytherapy for patients properly.

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Market Trends:

The global market is majorly driven by the increasing prevalence of cancer. In line with this, promising applications of Brachytherapy in prostate cancer treatment are significantly contributing to the market growth. Furthermore, the rising usage of the procedure in Accelerated Partial Breast Irradiation (APBI) is positively influencing the market growth. Apart from this, rapid technological developments in this field and market players’ research and development investments by major players are further catalyzing the market growth. Moreover, the growing prevalence of cervical and lung cancer in advancing regions and advanced healthcare infrastructure across the globe is propelling the brachytherapy market growth. Besides, the rising adoption of minimally invasive surgeries is offering numerous opportunities for market expansion. Additionally, the leading players are opting for acquisitions of smaller players to expand their regional presence and gain a competitive edge.

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

  • Acusis
  • Transcend Services
  • Naunce Communications
  • MModal
  • iMedX Information Services
  • Global Medical Transcription
  • nThrive
  • MTBC
  • Medi-Script Plus
  • Transtech Medical Solutions

Brachytherapy Market Segmentation:

Our report has categorized the market based on region, service type, technology, mode of procurement and end user.

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

Breakup by Region:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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