A recent report published by Infinium Global Research on intraoperative radiation therapy market provides in-depth analysis of segments and sub-segments in the global as well as regional intraoperative radiation therapy market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional intraoperative radiation therapy market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global intraoperative radiation therapy market. According to the report, the global intraoperative radiation therapy market is projected to grow at a CAGR of 6.9% over the forecast period of 2019-2025.
Intraoperative radiation therapy is intensive radiation therapy. The therapy enables direct radiation to the target area and spares the normal surrounding tissues. Companies operating in the global intraoperative radiation therapy market are focusing on mergers, acquisitions, and new product launches that expand their market share.
The rising prevalence of cancer worldwide drives the growth of the intraoperative radiation therapy market. According to the World Health Organization, cancer is the second leading cause of death worldwide. Around 1 in 6 deaths occur due to cancer. The adoption of the mobile IORT system and rising advantages of IORT over conventional radiotherapy stimulate the growth of the intraoperative radiation therapy market. The increasing adoption of IORT in various cancer applications stimulates the growth of the intraoperative radiation therapy market. IORT offers an accurate assessment of cancer cell characteristics. In addition, an increasing number of clinical trials to explore the use of IORT in cancer applications contribute to the growth of the intraoperative radiation therapy market. On the flip side, lack of skilled professionals and complexity in intraoperative radiation therapy restraints the growth of the intraoperative radiation therapy market. Moreover, growing applications of IORT create several opportunities for the growth of the intraoperative radiation therapy market.
Based on geography, the global intraoperative radiation therapy market is classified into North America, Asia-Pacific, Europe, and the Rest of the World. North America is expected to hold a dominant share in the global intraoperative radiation therapy market. The increasing prevalence of cancer, technological advancement, and rising healthcare expenditure in North America drives the growth of the intraoperative radiation therapy market in North America. Asia-Pacific region is anticipated to grow in the global intraoperative radiation therapy market with a significant CAGR over the forecast period. The rising adoption of intraoperative radiation therapy in the Asia-Pacific region contributes to the growth of the intraoperative radiation therapy market in the Asia-Pacific region. Europe is showing growth in the global intraoperative radiation therapy market.
The report on global intraoperative radiation therapy market covers segments such as method, products and services, and application. On the basis of method, the sub-markets include electron IORT, and intraoperative brachytherapy. On the basis of products and services, the sub-markets include treatment planning system, accelerators, applicators, and afterloaders. On the basis of application, the sub-markets include brain tumor, breast cancer, and other applications.
The report provides profiles of the companies in the market such as iCAD, Inc., IntraOp Medical Corporation, Carl Zeiss AG, GMV Innovating Solutions SL, Varian Medical Systems, Inc., Sensus Healthcare, Inc., Ariane Medical Systems, Ltd., Elekta AB, Eckert & Ziegler Group, and other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of intraoperative radiation therapy market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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