According to the report analysis, ‘Global Brachytherapy Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use’ states that Eckert & Ziegler BEBIG, IsoRay Medical, Inc., Elekta AB (pub), Theragenics Corporation, C.R. Bard, Inc., CIVCO Medical Solutions, Huiheng Medical, Inc., Sun Nuclear Corporation, iCAD, Inc., Varian Medical Systems, Inc and many more are the foremost companies which presently operating in the global brachytherapy market more proficiently for keep maintaining the governing position, generating the highest percentage of revenue, obtaining the competitive edge, ruling around the globe and leading the highest market growth by spreading the awareness connected to the applications and advantages of brachytherapy, analysing the strategies and policies of government as well as contenders, establishing the several research and development programs, increasing the features and benefits of brachytherapy, implementing the policies of profit making and strategies of expansion, improving the qualitative and quantitative measures of such and delivering the better customer satisfaction.
The
effective growth in prevalence of cancer, technological innovations, and a
significant growth in the adoption of brachytherapy are projected to drive the
growth of the market throughout the forecast period. Brachytherapy is a type of
radiation therapy utilized for the treatment of cancer. The radioactive
materials are placed inside the body with the assistance of catheters. Radiation
therapy can be utilied for prophylactic, palliative, or curative treatment.
In
addition, some of the foremost players have been present in the market for years.
They already have a well-established network of suppliers and customers, which assistances
in strengthening their market position. Additionally, some of the foremost
companies also function in other business domains. Hence, most often they are capable
to invest enormous amounts for R&D activities.
North
America registered the brachytherapy market and controlled the largest revenue
share in the recent years. Brachytherapy is broadly used in North America owing
to the benefits it offers over traditional approaches as it is a comparatively
safer and proficient cancer treatment. Europe registered for a share in 2020.
The utilization of brachytherapy in the European region has been growing over
the last 5 years.
In
Asia Pacific, the market is poised to observe the greatest CAGR throughout the
forecast. The region accounts the world population and half the global burden
of cancer. The pervasiveness of cancer is growing pertaining to an unhealthy
lifestyle. In addition, restricted access to technologically advanced cancer
treatments offers several opportunities for the market players. Therefore, it
is predicted that during the review duration the market of brachytherapy will
increase around the globe over the near future.
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