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Brachytherapy Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 144 Pages
  • July 2023
  • Region: Global
  • IMARC Group
  • ID: 5633381

Quick Summary:

In an era where the incidence of cancer is notably increasing, the global brachytherapy market stands out as an area of significant growth potential. This revolutionary method of cancer treatment, where radiation is directed straight to cancerous tumors, has proven extremely effective in the treatment of cervical, breast, and skin cancers. By leveraging this highly localized treatment strategy, brachytherapy minimizes damage to surrounding healthy tissues, enhancing patient recovery and leading to an increased acceptance by both patients and medical professionals globally.

The report provides profound insight into all aspects of the global brachytherapy market, from a macroscopic overview to micron details. It details industry performance, recent trends, key market drivers and challenges, SWOT analysis, and value chain analysis, among others. For stakeholders seeking insight into the brachytherapy market, from investors and industry players to researchers and business strategists, this report is an essential read. Exploring the various service types, technologies, procurement modes, end-users, and regional market breakdowns, it provides a comprehensive exploration of this burgeoning market.

The global brachytherapy market size reached US$ 821.9 Million in 2022. Looking forward, the publisher expects the market to reach US$ 1,052.0 Million by 2028, exhibiting a growth rate (CAGR) of 3.4% during 2023-2028.

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.

The publisher's latest report provides a deep insight into the global brachytherapy market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the global brachytherapy market in any manner.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global brachytherapy market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on 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
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

Competitive Landscape:

The report has also analyzed the competitive landscape of the market with some of the key players being 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 and Transtech Medical Solutions LLC.

Key Questions Answered in This Report

1. What was the size of the global brachytherapy market in 2022?
2. What is the expected growth rate of the global brachytherapy market during 2023-2028?
3. What are the key factors driving the global brachytherapy market?
4. What has been the impact of COVID-19 on the global brachytherapy market?
5. What is the breakup of the global brachytherapy market based on the end user?
6. What are the key regions in the global brachytherapy market?
7. Who are the key players/companies in the global brachytherapy market?
Frequently Asked Questions about the Global Brachytherapy Market

What is the estimated value of the Global Brachytherapy Market?

The Global Brachytherapy Market was estimated to be valued at $821.9 Million in 2022.

What is the growth rate of the Global Brachytherapy Market?

The growth rate of the Global Brachytherapy Market is 4.2%, with an estimated value of $1052 Million by 2028.

What is the forecasted size of the Global Brachytherapy Market?

The Global Brachytherapy Market is estimated to be worth $1052 Million by 2028.

Who are the key companies in the Global Brachytherapy Market?

Key companies in the Global Brachytherapy Market include Acuity Brands Inc., Eaton Corporation PLC, Foshan Electrical and Lighting Co. Ltd, GE Lighting, Iris Ohyama Inc., Koninklijke Philips NV, Ledvance Lighting Company, Opple Lighting, OSRAM and Panasonic Corporation.

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Brachytherapy Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Service Type
5.5 Market Breakup by Technology
5.6 Market Breakup by Mode of Procurement
5.7 Market Breakup by End User
5.8 Market Breakup by Region
5.9 Market Forecast
6 Market Breakup by Service Type
6.1 History and Physical Report
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Discharge Summary
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Operative Note or Report
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Consultation Report
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Others
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market Breakup by Technology
7.1 EMR/EHR
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 PACS
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 RIS
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 SRT
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by Mode of Procurement
8.1 Outsourcing
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Offshoring
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Both
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by End User
9.1 Hospitals
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Clinics
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Clinical Laboratories
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Academic Medical Centers
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Others
9.5.1 Market Trends
9.5.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Europe
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Asia Pacific
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Middle East and Africa
10.4.1 Market Trends
10.4.2 Market Forecast
10.5 Latin America
10.5.1 Market Trends
10.5.2 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Acusis Software India Pvt Ltd.
14.3.2 Transcend Services, Inc.
14.3.3 Naunce Communications, Inc.
14.3.4 MModal Global Services Pvt. Ltd.
14.3.5 iMedX Information Services Pvt. Ltd.
14.3.6 Global Medical Transcription LLC
14.3.7 nThrive Solutions LLC
14.3.8 MTBC (CareCloud, Inc.)
14.3.9 Medi-Script Plus
14.3.10 Transtech Medical Solutions LLC
List of Figures
Figure 1: Global: Brachytherapy Market: Major Drivers and Challenges
Figure 2: Global: Brachytherapy Market: Sales Value (in Million US$), 2017-2022
Figure 3: Global: Brachytherapy Market: Breakup by Service Type (in %), 2022
Figure 4: Global: Brachytherapy Market: Breakup by Technology (in %), 2022
Figure 5: Global: Brachytherapy Market: Breakup by Mode of Procurement (in %), 2022
Figure 6: Global: Brachytherapy Market: Breakup by End User (in %), 2022
Figure 7: Global: Brachytherapy Market: Breakup by Region (in %), 2022
Figure 8: Global: Brachytherapy Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 9: Global: Brachytherapy Industry: SWOT Analysis
Figure 10: Global: Brachytherapy Industry: Value Chain Analysis
Figure 11: Global: Brachytherapy Industry: Porter’s Five Forces Analysis
Figure 12: Global: Brachytherapy (History and Physical Report) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Brachytherapy (History and Physical Report) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Brachytherapy (Discharge Summary) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Brachytherapy (Discharge Summary) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Brachytherapy (Operative Note or Report) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Brachytherapy (Operative Note or Report) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Brachytherapy (Consultation Report) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Brachytherapy (Consultation Report) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Brachytherapy (Other Service Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Brachytherapy (Other Service Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Brachytherapy (EMR/EHR) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Brachytherapy (EMR/EHR) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Brachytherapy (PACS) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Brachytherapy (PACS) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Brachytherapy (RIS) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Brachytherapy (RIS) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Brachytherapy (SRT) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Brachytherapy (SRT) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Brachytherapy (Other Technologies) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Brachytherapy (Other Technologies) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Brachytherapy (Outsourcing) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Brachytherapy (Outsourcing) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Brachytherapy (Offshoring) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: Brachytherapy (Offshoring) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Global: Brachytherapy (Both) Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Global: Brachytherapy (Both) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Global: Brachytherapy (Hospitals) Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Global: Brachytherapy (Hospitals) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Global: Brachytherapy (Clinics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Global: Brachytherapy (Clinics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Global: Brachytherapy (Clinical Laboratories) Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Global: Brachytherapy (Clinical Laboratories) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Global: Brachytherapy (Academic Medical Centers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Global: Brachytherapy (Academic Medical Centers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Global: Brachytherapy (Other End Users) Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Global: Brachytherapy (Other End Users) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: North America: Brachytherapy Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: North America: Brachytherapy Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Europe: Brachytherapy Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Europe: Brachytherapy Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Asia Pacific: Brachytherapy Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Asia Pacific: Brachytherapy Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Middle East and Africa: Brachytherapy Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Middle East and Africa: Brachytherapy Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Latin America: Brachytherapy Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Latin America: Brachytherapy Market Forecast: Sales Value (in Million US$), 2023-2028
List of Tables
Table 1: Global: Brachytherapy Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Brachytherapy Market Forecast: Breakup by Service Type (in Million US$), 2023-2028
Table 3: Global: Brachytherapy Market Forecast: Breakup by Technology (in Million US$), 2023-2028
Table 4: Global: Brachytherapy Market Forecast: Breakup by Mode of Procurement (in Million US$), 2023-2028
Table 5: Global: Brachytherapy Market Forecast: Breakup by End User (in Million US$), 2023-2028
Table 6: Global: Brachytherapy Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Brachytherapy Market: Competitive Structure
Table 8: Global: Brachytherapy Market: Key Players

Companies Mentioned

  • 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

Methodology

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