Interventional
oncology is a field of medical science, which includes
treatment and diagnosis of cancer and other problems related to
cancer using minimally invasive procedures. Interventional oncology
uses various techniques such as Ultrasound, computed tomography,
X-ray, and magnetic resonance imaging (MRI) to treat tumors located
in various organs of the body. Interventional oncology procedures are
usually used to treat metastatic or primary cancer. These procedures
can be used to treat cancer in pancreas, liver, lung, breast,
prostrate, kidney, and bones. Interventional oncology procedures are
segmented into two procedures i.e. diagnostic and therapeutic.
Therapeutic procedures can be further categorized into ablation
techniques and embolization techniques. Ablation techniques uses some
form of heat to destroy tumor. Embolization Technique occludes blood
vessels, which feed tumors and further destroy the tumor by means of
ischemia. Both these procedures are minimally invasive and there is
minimal pain, complications, and discomfort with rapid recovery.
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Interventional
Oncology Solutions Market Drivers:-
Increasing
popularity of minimal invasive procedures due to advantages such as
minimal risk of infection, shorter stay in the hospitals, minimal
complications, minimal pain, and faster recovery as compared to
invasive surgeries, is a major factor supporting the global
interventional oncology solutions market growth over the forecast
period. Moreover, increasing product launches is expected to aid in
growth in interventional oncology solutions market size. For
instance, in 2017, Terumo Corporation, a Japan-based company,
launched Quirem Spheres microspheres. This is used to treat solid
liver tumors, which cannot be removed by surgery completely.
Microspheres consists of a radioactive isotope Holium-166. Quirem
Spheres and can also be visualized in low concentrations by means of
SPECT (Single Photon Emission Computed Tomography) and MRI. This
feature allows doctors to carefully assess distribution of
microspheres in the organs such as liver, which enables in accurate
assessment of treatment after SIRT (Selective Internal radiation
Therapy) procedure. Half-life of Quirem Spheres is 26.8 hours, which
means that within the first 4 days more than 90% of the radiation is
delivered, which is followed by implantation procedure.
Interventional
Oncology Solutions Market Regional Analysis:-
North
America is expected to hold dominant position in the global
interventional oncology solutions market over the forecast period.
This is owing to increasing mergers & acquisition and research
collaboration between manufacturers and universities in the region to
develop novel products. For instance, in 2015, Boston Scientific
enhanced its interventional oncology portfolio by acquiring spherical
embolic technologies, Embozene and Oncozene microspheres, which were
developed by Celo Nova Biosciences. These spheres are designed to
prevent flow of blood to the targeted tissue and also reduce growth
of tumors.
Interventional
Oncology Solutions Market Key Players:-
Key
players operating in the global interventional oncology solutions
market include Boston Scientific Corporation, Angio Dynamics, C.R.
Bard, Best Medical International, Pfizer, MedWaves, Health Tronics,
Sitex, BTG, Merit Medical Systems, Perseon, Cook Medical, Accuracy,
Vascular Solutions, TERUMO, ALPINION MEDICAL SYSTEMS, Varian medical,
Smith & Nephew, Profound Medical, BOVIE MEDICAL, and Baylis
Medical.
Interventional
Oncology Solutions Market Taxonomy:-
By Therapy-
-
Radiation Therapy
-
External Radiation Therapy
-
Internal Radiation Therapy
-
-
Ablation
-
Radiofrequency Ablation
-
Cryo Ablation Therapy
-
Microwave Ablation Therapy
-
-
Particle Embolization
-
Radio Embolization
-
Microspheres
-
Drug Eluting Beads
-
Polyvinyl Alcohol Particles
-
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