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Intraoperative Radiation Therapy Market Size, Growth Analysis, Recent Developments, Regional Segmentation, Future Prospects, CAGR Status, and Forecast

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Intraoperative Radiation Therapy Market Size, Growth Analysis, Recent Developments, Regional Segmentation, Future Prospects, CAGR Status, and Forecast

May 15
19:29 2023
Intraoperative Radiation Therapy Market Size, Growth Analysis, Recent Developments, Regional Segmentation, Future Prospects, CAGR Status, and Forecast
The North American region is expected to account for the largest share of the intraoperative radiation therapy market. The growth in this market is mainly attributed to the increasing healthcare expenditure in the region, technological advancements, and high adoption of IORT products owing to the increasing incidence of cancer.
Browse 77 market data Tables and 33 Figures spread through 159 Pages and in-depth TOC on “Intraoperative Radiation Therapy Market by Technology (Electron IORT, Brachytherapy), Products & Services (Accelerators, Treatment Planning system, Applicators, Afterloaders, Accessories), Application (Breast, Brain, Lung Cancer) – Global Forecasts to 2025

The global intraoperative radiation therapy market is projected to reach USD 66 million by 2025 from USD 48 million in 2020, at a CAGR of 6.4% during the forecast period. Research and clinical trials are also being conducted to expand the applications of IORT; this will add to market growth prospects in the coming years. However, the complexity of this technology is indicative of the need for skilled and trained personnel, which may hinder market growth given a current dearth of manpower in many parts of the world. In addition, physicians prefer conventional radiotherapy to IORT due to the better reimbursement scenario for the former.

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Intraoperative radiation therapy (IORT) is a type of radiation therapy that delivers a single, large dose of radiation to a targeted area during surgery. This form of treatment is used to target tumors that are in or near critical structures or organs, such as the brain and spinal cord. The goal of IORT is to reduce the risk of recurrence of the tumor and increase the patient’s chances of survival.

The Electron IORT segment to account for the largest share of the intraoperative radiation therapy market, by technology

Based on technology, the intraoperative radiation therapy market is segmented into electron IORT and intraoperative brachytherapy. The electron IORT segment is expected to account for the largest share of the intraoperative radiation therapy market in 2019. IOERT is a suitable option for patients with locally advanced or recurrent cancer such as partial breast and rectal cancer.

The breast cancer segment, by application, is to register the highest CAGR in the intraoperative radiation therapy market during the forecast period

Based on application, the intraoperative radiation therapy market is segmented into breast cancer, brain tumor, gastrointestinal cancer, head & neck cancer, colorectal cancer, endometrial and cervical cancer, lung cancer, and other cancers. IORT offers a reduced amount of irradiation, shorter treatment time, and lesser clinical effects on the skin, lung, and heart.

North America to dominate the intraoperative radiation therapy market during the forecast period

The intraoperative radiation therapy market is segmented into five major regions, namely, North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The North American region is expected to account for the largest share of the intraoperative radiation therapy market.

Key Market Players

The major players operating in the intraoperative radiation therapy market are ZEISS Group (Germany), iCAD, Inc. (US), Eckert & Ziegler (Germany), Elekta AB (Sweden), GMV Innovating Solutions (Spain), Sensus Healthcare, Inc. (US), IntraOp Medical, Inc. (US), Isoray, Inc. (US), Becton, Dickinson and Company (US), Sordina IORT Technologies (Italy), Varian Medical Systems, Inc. (US), SeeDos Ltd. (UK), IsoAid LLC (US), Ariane Medical Systems Ltd.

Browse Complete Report along with TOC @ 

https://www.marketsandmarkets.com/Market-Reports/intraoperative-radiation-therapy-market-245000083.html

This report has segmented the global Intraoperative radiation therapy market into following segments & sub-segments:

By Product & Service

  • Products
  • Systems/Accelerators
  • Applicators & Afterloaders
  • Treatment Planning Systems
  • Accessories
  • Services

By Technology

  • Electron IORT
  • Intraoperative Brachytherapy

By Application

  • Breast Cancer
  • Brain Tumor
  • Gastrointestinal Cancer
  • Head & Neck Cancer
  • Colorectal Cancer
  • Endometrial & Cervical Cancer
  • Lung Cancer
  • Other Cancers (penile cancer and prostate cancer)

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Recent Developments

  • Elekta AB launched Geneva, a universal gynecological applicator for brachytherapy.
  • Varian acquired Cancer Treatment Services International (CTSI), a US-based oncology solutions division that provides cancer care professional services to healthcare providers worldwide. The acquisition expanded Varian’s access to technology-driven cancer care .
  • Varian launched the Bravos afterloader system for high-dose-rate (HDR) brachytherapy treatments

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