Intraoperative radiation therapy (IORT) is a therapy for cancer wherein an ionizing radiation is administered to a small area of the body all at once during a surgery. IORT allows higher effective doses of radiation to tumor/tumor bed with minimal exposure to surrounding healthy tissues compared to conventional radiation therapy. Traditionally, surgery is followed by external beam radiotherapy (EBRT) or chemotherapy in most solid tumors for the elimination of any microscopic residual disease and reducing the risk of local recurrence.
MARKET SCOPE
The "Global Intraoperative radiation therapy Market Analysis to 2028" is a specialized and in-depth study of the medical devices industry with a special focus on the global market trend analysis. The report aims to provide an overview of the intraoperative radiation therapy market with detailed market segmentation by product and services, technology, application, and geography. The report provides key statistics on the market status of the leading intraoperative radiation therapy market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
-Based on product and services, the global intraoperative radiation therapy market is segmented into products, systems/accelerators, applicators and after loaders, treatment planning systems, accessories, services.
-On the basis of technology, the market is segmented into electron iort, intraoperative brachytherapy.
-On the basis of application, the market is segmented into breast cancer, brain tumor, gastrointestinal cancer, head and neck cancer, colorectal cancer, endometrial and cervical cancer, lung cancer, others.
MARKET DYNAMICS
Drivers
-Rise in the incidences of cancer diseases.
-Benefits by IORT over traditional radiotherapy.
-Rise in demand for efficient radiation therapy.
-Technological Advancements
Restraints
-The lack of trained professionals is the major restraining factor for this market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The intraoperative radiation therapy market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the intraoperative radiation therapy market in these regions.
IMPACT OF COVID-19 ON INTRAOPERATIVE RADIATION THERAPY MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the intraoperative radiation therapy market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from intraoperative radiation therapy market are anticipated to lucrative growth opportunities in the future with the rising demand for intraoperative radiation therapy in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the intraoperative radiation therapy market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
-ZEISS Group
-iCAD, Inc.
-Eckert & Ziegler
-Elekta
-GMV Innovating Solutions
-Sensus Healthcare, Inc.
-IntraOp Medical, In
-Isoray, Inc
-Becton, Dickinson and Company
-Sordina IORT Technologies
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.