22-October-2018: The global brachytherapy market is presumed to value USD 486.9 million by 2025, according to a report by Grand View Research, Inc. Rising number of chronic disorders such as cancer are likely to stimulate demand for brachytherapy. This kind of therapy can treat various types of cancers effectively at low cost. It is anticipated to be preferred over other alternative radiation-based cancer treatments owing to less probability of recurrence of the condition.
Growing adoption of minimally invasive surgery to treat chronic diseases and favorable government policies to improve healthcare facilities can spur demand for effective treatments such as brachytherapy. To cater to rising demand, most hospitals and medical centers are adopting advanced therapy procedures to offer better treatment to cancer patients.
For instance, American Hospital Dubai recently performed high dose brachytherapy treatment on patient suffering from cervical cancer. The procedure is expected to be the first of its kind in Dubai and Northern Emirates area. A team of radiation oncology experts possibly executed the treatment using the CT scan based therapy. The patient was possibly kept under strong anesthesia during this treatment and was later sent home. Successful example set by this hospital in Dubai can boost adoption of brachytherapy among cancer patients.
Rising number of geriatric population coupled with increasing adoption unhealthy lifestyle can impel growth of brachytherapy market. Lack of proper medical treatment for chronic diseases such as cancer at affordable cost is likely to stimulate market growth in the coming years. Adequate availability of funding and reimbursement pathways from private and government organizations to provide advanced healthcare facilities can foster growth of the market. Cost-effectiveness and safety of brachytherapy as compared to alternative radiation-based treatments can propel market growth during the forecast period (2017 to 2025).
Some of the prominent companies operating in the market for brachytherapy are Eckert & Ziegler BEBIG; Elekta AB (pub); CIVCO Medical Solutions, Theragenics Corporation, and Sun Nuclear Corporation.
In-Depth Research Report On Brachytherapy Market:
https://www.grandviewresearch.com/industry-analysis/brachytherapy-devices-market
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