Brachytherapy Afterloaders Market –
Dynamics
Increasing prevalence of cancer among
the global population is a major factor driving growth of the Brachytherapy
Afterloaders Market. For instance, according to the World Health
Organization (WHO) 2018 report, cancer was the second-leading cause of death
around the globe and was responsible for around 8.8 million death in 2015.
Globally, around 1 out of 6 deaths is due to cancer. The same report showed
that, most common causes of cancer death was lung cancer with around 1.69
million deaths followed by liver cancer with 788,000 deaths, colorectal 774,000
deaths, stomach 754,000 deaths, and breast cancer having 571,000 deaths.
Rising geriatric population around
the globe is also another factor for increasing incidence of cancer, as aged
population is most likely susceptible to cancer. This is another factor
propelling growth of brachytherapy afterloaders market significantly. For
instance, according to United Nation 2017 report, the geriatric population in
2017 is expected to increase over double by 2050 and to over triple by 2100.
These figures are expected to rise from 962 million globally in 2017 to 2.1
billion in 2050 and 3.1 billion in 2100.
Brachytherapy is type of radiotherapy
in which a closed radiation source is positioned directly into or next to area
that requires treatment. It is used to cure cancer tissues at specific sites
and is frequently used as an effective treatment for breast, cervical, skin,
and prostate cancers. In a normal EBRT (external beam radiation therapy), a
high energy x ray is generated by the source system is focused towards the
tumor. In this type of radiation therapy, rays are guided from outside the body
with the help of radiation system.
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However, brachytherapy involves
placing a radioactive material directly inside the tumor or next to it. One of
the main characteristic of brachytherapy is that the treatment is conducted at
a particular area around the radiation source, which reduces exposure of radiation
on healthy tissues.
A treatment course of brachytherapy
can be completed in less than other radiotherapy techniques, which minimizes
the chances of surviving cancer cells to grow and divide in the long intervals
between each radiotherapy session. Based on the technique, two types of
brachytherapy afterloaders are available in the market: low dose rate (LDR)
afterloader and high dose rate (HDR) afterloader.
Moreover, increasing adoption of
brachytherapy among the cancer therapy centers is likely to boost the
brachytherapy afterloaders market significantly in the near future. For
instance, in 2017, iCAD Inc. introduced Xoft electronic brachytherapy system at
two of its California-based oncology centers – Sherman Oaks Radiation Therapy
Center and Santa Clarita Radiation Therapy Center.
Brachytherapy Afterloaders Market –
Regional Insights
Based on the region, the global
brachytherapy afterloaders market is segmented into North America, Europe,
Latin America, Asia Pacific, Middle East, and Africa. North America holds the
dominant position in the global brachytherapy afterloaders market, owing to
increasing adoption of new innovative technology and rise in funding for
research and development for cancer treatment. For instance, in 2013, Varian
Medical Systems, Inc. awarded US$ 100,000, a second year renewal grant to The
American Board of Radiology Foundation (ABRF), for the brachytherapy research
work.
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Asia Pacific is expected to witness
significant growth in the brachytherapy afterloader market owing to rise in
healthcare research and increasing geriatric population vulnerable to various
cancer and related diseases. For instance, according to United Nations 2017
report, in Asia, 12% of the population is already aged 60 years and the
proportion is projected to reach 24% in 2050.
Brachytherapy Afterloaders Market –
Competitive Landscape
Key players operating in the
brachytherapy afterloaders market includes Elekta, Eckert & Zieglar BEBIG,
and Varian Medical Systems, Inc. Market players are engaged in adopting various
strategies such as acquisitions, new product launches, acquisition, and
partnerships to retain their position in the market. For instance, in April
2018, Proton Partners International Ltd. acquired Elekta MR-linac systems to
provide cancer patients with the most advanced treatment across U.K.
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