Global Brachytherapy Market

Brachytherapy Market Size, Share, Growth Analysis, By Technique(High Dose Rate (HDR), Low Dose Rate (LDR)), By Application(Gynecological Cancer, Prostate Cancer, Breast Cancer, Others), By End User(Hospitals, Specialty Clinics, Others), By Region - Industry Forecast 2025-2032


Report ID: SQMIG35D2138 | Region: Global | Published Date: April, 2024
Pages: 219 | Tables: 90 | Figures: 78

Brachytherapy Market Insights

Brachytherapy Market size was valued at USD 539.61 Million in 2023 and is poised to grow from USD 582.24 Million in 2024 to USD 1069.72 Million by 2032, growing at a CAGR of 7.9% during the forecast period (2025-2032).

The growth of the global brachytherapy market is expected to be driven by factors such as the increasing prevalence of cancer, advancements in technology, and a significant rise in the adoption of brachytherapy. Brachytherapy is a form of radiation therapy where radioactive materials are placed inside the body using catheters to treat cancer.

Brachytherapy is a highly effective treatment for localized tumors, utilizing artificially produced radionuclides such as Caesium-137, Iridium-192, Gold-198, Iodine-125, and Palladium-103. The International Agency for Research on Cancer (IARC) estimates that the global incidence of cancer is around 19.3 million and is projected to increase to 24.6 million by 2030.

This growing cancer burden is a major driver for the market. Radiation therapy can be used for various purposes, including prophylactic, palliative, or curative treatment, either as monotherapy or in combination with surgery, immunotherapy, or chemotherapy. The broad range of applications has led to increased adoption by physicians. Recent advancements in radiation therapy techniques enable the precise delivery of high doses to the target area while minimizing damage to surrounding healthy tissues. This has significantly improved localized tumor control and cure rates, thereby increasing the demand for radiation therapy.

US Brachytherapy Market is poised to grow at sustainable CAGR for the next forecast year.

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Global Brachytherapy Market size was valued at USD 500.1 Million in 2022 and is poised to grow from USD 539.61 Million in 2023 to USD 991.4 Million by 2031, at a CAGR of 7.9% during the forecast period (2024-2031).

The global brachytherapy market is highly competitive, with several key players competing for market share. These companies focus on developing advanced brachytherapy technologies, expanding their product portfolios, and expanding their presence in emerging markets. 'Eckert & Ziegler BEBIG (Germany)', 'Varian Medical Systems, Inc. (United States)', 'Elekta AB (Sweden)', 'IsoAid LLC (United States)', 'Theragenics Corporation (United States)', 'C. R. Bard, Inc. (United States)', 'Boston Scientific Corporation (United States)', 'Isoray Inc. (United States)', 'Nucletron B.V. (Netherlands)', 'Huiheng Medical, Inc. (China)', 'iCAD, Inc. (United States)', 'Elekta AB (Sweden)', 'Nanobiotix SA (France)', 'BTG International Ltd. (United Kingdom)', 'GE Healthcare (United States)', 'IBA Worldwide (Belgium)', 'Cianna Medical, Inc. (United States)', 'Theragenics Corporation (United States)', 'C4 Imaging LLC (United States)', 'CIVCO Medical Solutions (United States)', 'RaySearch Laboratories AB (Sweden)', 'Hologic, Inc. (United States)'

Minimally invasive treatment procedures are preferred by patients due to reduced post-operative complications, shorter hospital stays, and faster recovery times. Brachytherapy is a minimally invasive treatment option that can be performed on an outpatient basis in many cases. The increasing demand for minimally invasive procedures contributes to the growth of the brachytherapy market.

Growing preference for organ-preserving treatments : Brachytherapy is often chosen as an organ-preserving treatment modality, particularly in cancers such as prostate, breast, and cervical cancer. It allows for targeted radiation delivery while minimizing damage to surrounding healthy tissues, thereby preserving organ function and improving quality of life for patients. The trend towards organ preservation and minimally invasive treatments has led to increased adoption of brachytherapy.

With a 45.7% revenue share in 2023, North America dominated the brachytherapy market. Due to the benefits, it provides over conventional methods—namely, that it is a relatively safer and effective cancer treatment—brachytherapy is commonly utilized in North America. In 2022, Europe represented a share of almost 25,0%. Over the past five years, brachytherapy use in the European region has grown.

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Global Brachytherapy Market

Report ID: SQMIG35D2138

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