In 2022, the global intraoperative radiation therapy systems market is expected to be worth US$ 55.9 million. The application of therapeutic stages of radiation to the tumour site is known as IORT. IORT is frequently used in the multidisciplinary treatment of privately advanced and recurring disease, alongside outer beam radiation, chemotherapy, and surgery.
As a recent trend, IORT can also be used to treat earlier stage diseases, for example, breast cancer growth and prostate cancer. The overall demand for intraoperative radiation therapy systems is expected to increase at a 7.7% CAGR between 2022 and 2032, reaching approximately US$ 126.8 million by 2032.
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Regional Insights:
The North American intraoperative radiation treatment systems market is anticipated to reach 36.4% by 2022. Because of improved knowledge and reports of breast cancer rates, the United States has a major proportion in North America.
The easy availability and high adoption of IORT for cancer treatment, as well as significant per capita annual healthcare expenditure in the US and Canada, are major factors driving market growth in this region. In addition to this, the American Society for Radiation Oncology (ASTRO) has advocated the use of low-energy IORT, which has contributed to its increased adoption in North America.
Competitive Landscape:
Prominent players in the Intraoperative Radiation Therapy Systems market IntraOp Medical, Inc., Ariane Medical Systems Ltd, Varian Medical Systems, Inc., Carl Zeiss AG, Eckert & Ziegler, Sensus Healthcare, iCAD Inc., Elekta AB, SIT – S.I.T. Sordina IORT Technologies S.p.A., REMEDI Co.,Ltd., GMV, Brainlab AG, and others.
- In April 2021 Varian Medical Systems, Inc. struck an agreement with Australia’s Icon Group to supply 30 linear accelerators and accompanying treatment software to combat the worldwide cancer burden. This will assist the company in expanding access to care in regional and underserved areas of Australia and Asia.
- In October 2020 IntraOp Medical, Inc. and the University of Verona in Italy announced the enrolment of their first patient in the PancFORT Study. This has aided the company in furthering the research and clinical evidence supporting the significance of IORT in cancer treatment.
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More Insights Available
Europe is expected to be the second-largest intraoperative radiation therapy market due to the increasing prevalence of cancer, growing geriatric population, and favorable reimbursement policies in the region. The Asia-Pacific market is expected to witness significant growth during the forecast period due to the increasing incidence of cancer, growing healthcare expenditure, and rising awareness about intraoperative radiation therapy in the region.
Segmentation
The report provides insights on the important highlights and current trends prevailing in the market. This helps the readers to gain a deeper understanding and form an unbiased opinion on the market. Numerous segmentations have been provided for this market based on:
Segmentation based on Disease Indication:
- Brain Tumors
- Breast Cancer
- Gastrointestinal Tumors
- Head & Neck Tumors
- Skin Cancer
- Spinal Metastases
- Others
Segmentation based on End User
- Hospitals
- Specialty Clinics
- Ambulatory & Surgical Centers
- Others
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Important changes in market dynamics
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