Asia Pacific Brachytherapy Devices Industry

Asia Pacific Brachytherapy Devices Market Analysis

The Asia Pacific Brachytherapy Devices Market is expected to register a CAGR of 7.1% during the forecast period.

The rising number of cancer patients, a gradual rise in the economic situations in the Asia-Pacific region would provide easy access to medications to patients, thus driving the market studied. Other factors, such as a rise in the number of the minimally invasive surgeries, short treatment time, and improved efficiency of these devices, growth of medical tourism in this region has a positive impact on the demand for devices, such as electronic brachytherapy devices which in turn leads to the growth of the market. However, concerns regarding side effects associated with the devices and lack of skilled professionals may hamper the growth of brachytherapy devices in the APAC region.

Asia Pacific Brachytherapy Devices Market Trends

Temporary Brachytherapy dominates the Asia Pacific Brachytherapy devices market

In temporary brachytherapy, the radioactive sources are removed at the end of each treatment session. The sources are often inserted using applicators such as thin plastic tubes (catheters) or cylinders. These applicators may be removed at the end of each session, or left in place until after the final session. Temporary brachytherapy is mostly used for prostate cancers and gynecological cancers (such as cervical and vaginal cancers). As the prevalence of Prostate cancer is gradually increasing in the APAC countries every year, temperory brachytherapy segment is likely to grow significantly in the region. According to Globocan, 2018, Prostate cancer is among the top ten leading sites of cancers in India. 25,696 new cases and 17,184 deaths were reported in 2018.

Asia Pacific Brachytherapy Devices Industry Overview

The market comprises of major market players and these players are moreover focusing on research and development in order to form the stable and safe formulation. The market has been noticing technological developments on a large scale for the past couple of years. Some of the market players are Varian Medical Systems, Elekta, Boston Scientific Corporation, CR Bard Inc., Cook Medical Incorporated, GE Healthcare, Panacea Medical Technologies, and Argon Medical Devices Inc., amongst others. For instance, In January 2018, HB and Alpha Tau Medical partner to bring the world’s first Alpha Radiation Brachytherapy to Japan. In August 2017, iCAD Gains CFDA Approval to Market Brachytherapy Device in China

Asia Pacific Brachytherapy Devices Market Leaders