Asia Pacific Brachytherapy Devices Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 7.10 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Asia Pacific Brachytherapy Devices Market Analysis
The rising number of cancer patients, a gradual rise in the economic situations in the Asia-Pacific region would provide easy access to medications to patients, thus driving the market studied. Other factors, such as a rise in the number of the minimally invasive surgeries, short treatment time, and improved efficiency of these devices, growth of medical tourism in this region has a positive impact on the demand for devices, such as electronic brachytherapy devices which in turn leads to the growth of the market. However, concerns regarding side effects associated with the devices and lack of skilled professionals may hamper the growth of brachytherapy devices in the APAC region.
Asia Pacific Brachytherapy Devices Market Trends
This section covers the major market trends shaping the APAC Brachytherapy Devices Market according to our research experts:
Temporary Brachytherapy dominates the Asia Pacific Brachytherapy devices market
In temporary brachytherapy, the radioactive sources are removed at the end of each treatment session. The sources are often inserted using applicators such as thin plastic tubes (catheters) or cylinders. These applicators may be removed at the end of each session, or left in place until after the final session. Temporary brachytherapy is mostly used for prostate cancers and gynecological cancers (such as cervical and vaginal cancers). As the prevalence of Prostate cancer is gradually increasing in the APAC countries every year, temperory brachytherapy segment is likely to grow significantly in the region. According to Globocan, 2018, Prostate cancer is among the top ten leading sites of cancers in India. 25,696 new cases and 17,184 deaths were reported in 2018.
Asia Pacific Brachytherapy Devices Industry Overview
The market comprises of major market players and these players are moreover focusing on research and development in order to form the stable and safe formulation. The market has been noticing technological developments on a large scale for the past couple of years. Some of the market players are Varian Medical Systems, Elekta, Boston Scientific Corporation, CR Bard Inc., Cook Medical Incorporated, GE Healthcare, Panacea Medical Technologies, and Argon Medical Devices Inc., amongst others. For instance, In January 2018, HB and Alpha Tau Medical partner to bring the world’s first Alpha Radiation Brachytherapy to Japan. In August 2017, iCAD Gains CFDA Approval to Market Brachytherapy Device in China
Asia Pacific Brachytherapy Devices Market Leaders
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Varian Medical Systems
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Elekta
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Panacea Medical Technologies
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Argon Medical Devices Inc.
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iCAD
*Disclaimer: Major Players sorted in no particular order
Asia Pacific Brachytherapy Devices Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.2.1 Rising Number of Cancer Patients
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4.2.2 Rising Number of Minimally Invasive Surgeries
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4.2.3 Short Treatment Time and Improved Efficiency
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4.2.4 Booming Medical Tourism Industry
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4.3 Market Restraints
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4.3.1 Concerns Regarding Side Effects Based on the Location of Tumor
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4.3.2 Introduction of Advanced Radiotherapy
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4.4 Porter's Five Force Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Technique
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5.1.1 High Dose Rate Brachytherapy Devices
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5.1.2 Low Dose Rate Brachytherapy Devices
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5.1.3 Other Techniques
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5.2 Type
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5.2.1 Temporary brachytherapy
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5.2.2 Permanent brachytherapy
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5.3 Application
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5.3.1 Cervical Cancer
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5.3.2 Prostate Cancer
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5.3.3 Breast Cancer
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5.3.4 Skin Cancer
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5.3.5 Other Applications
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5.4 End User
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5.4.1 Hospitals/Clinics
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5.4.2 Oncology Treatment Centers
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5.4.3 Other End Users
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5.5 Geography
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5.5.1 Asia Pacific
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5.5.1.1 China
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5.5.1.2 Japan
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5.5.1.3 India
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5.5.1.4 Australia
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5.5.1.5 South Korea
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5.5.1.6 Rest of Asia-Pacific
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6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
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6.1.1 Varian Medical Systems
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6.1.2 Elekta
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6.1.3 Boston Scientifc Corporation
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6.1.4 Cook Medical Incorporated
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6.1.5 Ge Healthcare
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6.1.6 Panacea Medical Technologies
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6.1.7 iCAD
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6.1.8 Argon Medical Devices Inc.
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Asia Pacific Brachytherapy Devices Industry Segmentation
As per the scope of the report, Brachytherapy is related to the implementation of radioactivity within the body, to ablate or kill cancer or tumor cells within, or near the target area in the body. It is typically used in high precision treatment of small tumors, mostly found in the preliminary stages.
| Technique | |
| High Dose Rate Brachytherapy Devices | |
| Low Dose Rate Brachytherapy Devices | |
| Other Techniques |
| Type | |
| Temporary brachytherapy | |
| Permanent brachytherapy |
| Application | |
| Cervical Cancer | |
| Prostate Cancer | |
| Breast Cancer | |
| Skin Cancer | |
| Other Applications |
| End User | |
| Hospitals/Clinics | |
| Oncology Treatment Centers | |
| Other End Users |
| Geography | ||||||||
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Asia Pacific Brachytherapy Devices Market Research FAQs
What is the current Asia Pacific Brachytherapy Devices Market size?
The Asia Pacific Brachytherapy Devices Market is projected to register a CAGR of 7.10% during the forecast period (2024-2029)
Who are the key players in Asia Pacific Brachytherapy Devices Market?
Varian Medical Systems, Elekta, Panacea Medical Technologies, Argon Medical Devices Inc. and iCAD are the major companies operating in the Asia Pacific Brachytherapy Devices Market.
What years does this Asia Pacific Brachytherapy Devices Market cover?
The report covers the Asia Pacific Brachytherapy Devices Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia Pacific Brachytherapy Devices Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
APAC Brachytherapy Devices Industry Report
Statistics for the 2024 APAC Brachytherapy Devices market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. APAC Brachytherapy Devices analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
