Brachytherapy Afterloaders Market –Dynamics
Increasing prevalence of cancer amongthe global population is a major factor driving growth of the BrachytherapyAfterloaders Market. For instance, according to the World HealthOrganization (WHO) 2018 report, cancer was the second-leading cause of deatharound 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 showedthat, most common causes of cancer death was lung cancer with around 1.69million deaths followed by liver cancer with 788,000 deaths, colorectal 774,000deaths, stomach 754,000 deaths, and breast cancer having 571,000 deaths.
Rising geriatric population aroundthe globe is also another factor for increasing incidence of cancer, as agedpopulation is most likely susceptible to cancer. This is another factorpropelling growth of brachytherapy afterloaders market significantly. Forinstance, according to United Nation 2017 report, the geriatric population in2017 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 2.1billion in 2050 and 3.1 billion in 2100.
Brachytherapy is type of radiotherapyin which a closed radiation source is positioned directly into or next to areathat requires treatment. It is used to cure cancer tissues at specific sitesand is frequently used as an effective treatment for breast, cervical, skin,and prostate cancers. In a normal EBRT (external beam radiation therapy), ahigh energy x ray is generated by the source system is focused towards thetumor. In this type of radiation therapy, rays are guided from outside the bodywith the help of radiation system.
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However, brachytherapy involvesplacing a radioactive material directly inside the tumor or next to it. One ofthe main characteristic of brachytherapy is that the treatment is conducted ata particular area around the radiation source, which reduces exposure of radiationon healthy tissues.
A treatment course of brachytherapycan be completed in less than other radiotherapy techniques, which minimizesthe chances of surviving cancer cells to grow and divide in the long intervalsbetween each radiotherapy session. Based on the technique, two types ofbrachytherapy afterloaders are available in the market: low dose rate (LDR)afterloader and high dose rate (HDR) afterloader.
Moreover, increasing adoption ofbrachytherapy among the cancer therapy centers is likely to boost thebrachytherapy afterloaders market significantly in the near future. Forinstance, in 2017, iCAD Inc. introduced Xoft electronic brachytherapy system attwo of its California-based oncology centers – Sherman Oaks Radiation TherapyCenter and Santa Clarita Radiation Therapy Center.
Brachytherapy Afterloaders Market –Regional Insights
Based on the region, the globalbrachytherapy afterloaders market is segmented into North America, Europe,Latin America, Asia Pacific, Middle East, and Africa. North America holds thedominant position in the global brachytherapy afterloaders market, owing toincreasing adoption of new innovative technology and rise in funding forresearch and development for cancer treatment. For instance, in 2013, VarianMedical Systems, Inc. awarded US$ 100,000, a second year renewal grant to TheAmerican Board of Radiology Foundation (ABRF), for the brachytherapy researchwork.
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Asia Pacific is expected to witnesssignificant growth in the brachytherapy afterloader market owing to rise inhealthcare research and increasing geriatric population vulnerable to variouscancer and related diseases. For instance, according to United Nations 2017report, in Asia, 12% of the population is already aged 60 years and theproportion is projected to reach 24% in 2050.
Brachytherapy Afterloaders Market –Competitive Landscape
Key players operating in thebrachytherapy afterloaders market includes Elekta, Eckert & Zieglar BEBIG,and Varian Medical Systems, Inc. Market players are engaged in adopting variousstrategies such as acquisitions, new product launches, acquisition, andpartnerships to retain their position in the market. For instance, in April2018, Proton Partners International Ltd. acquired Elekta MR-linac systems toprovide cancer patients with the most advanced treatment across U.K.
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