Brachytherapy, also well-known as internal radiation therapy, is a type of radiotherapy in which radiation is conveyed directly to a cancerous tumour in the body via a source placed close or next to it. The source produces gamma rays that target cancer cells while decreasing harm to healthy tissue nearby. Relying on the severity of the disease and its damage, brachytherapy is provided at a Low Dose Rate (LDR) or a High Dose Rate (HDR). Small radioactive seeds are enduringly implanted in or around the tumor in LDR, whereas radioactive sources are unconcerned from the patient's body at the end of each session in HDR, which is used in high-risk tumors.
According to the report analysis, ‘Brachytherapy Market Size & Share to Record New Values for the Forecast Period 2020-2030’ states that brachytherapy has been presented to be an exceptionally successful treatment choice for cervical, skin, and breast cancers, which is propelling market expansion. Furthermore, the accessibility of high-quality brachytherapy equipment that conveys precise and very localized radiation doses to tiny tumors has augmented the patient and medical professional reception of the therapy.
Growing medical tourism across the world, as well as augmented the knowledge of the benefits of brachytherapy, its cost-effectiveness, and greater cure rate when linked to surgery or external beam treatment (EBT), is influencing the industry forward.
The effective growth in prevalence of dissimilar types of cancer is one of the key aspects driving the global market. Brachytherapy has been proven to be a tremendously effective treatment choice for cervical, skin and breast cancers, which is underwriting significantly to its market growth.
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Furthermore, the obtainability of high-quality brachytherapy equipment that deliver the accurate and extremely localized doses of radiation to small tumors has improved the acceptance of the therapy amongst patients and medical professionals alike. Technological innovations in oncology treatments and extensive research and development (R&D), such as trials for treating neovascular age-related macular degeneration, have also delivered a significant boost to the market growth. In addition to this, augmenting the medical tourism across the globe, along with growing awareness about the benefits of brachytherapy and its cost-effectiveness and augmenting the cure rate as compared to surgery or external beam therapy (EBT), is also progressively propelling the market.
It is predicted that North America registers the market owing to the augmenting the incidences of cancer and early implementation of new technologies. The United States holds the majority of the market in the North American region owing to great patient pool and well-developed infrastructure. However, Asia Pacific is projected to augment at a faster rate due to the augmenting awareness concerning advanced treatment options, and the existence of emerging economies in this region. The emerging countries such as India and China are majorly aiming to enhance their healthcare infrastructure in both urban and rural areas, that will boost the complete healthcare facility in the region. Therefore, it is predicted that during the near period the market of brachytherapy will increase around the globe more progressively over the review period.
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Global Brachytherapy Market Analysis
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