The Intraoperative Radiation Therapy Market is projected to grow at a robust CAGR of 6.6% from 2024 to 2031.
Intraoperative Radiation Therapy (IORT) is a precise and targeted approach to radiation therapy delivered during surgery. By administering radiation directly to the tumor site, IORT minimizes exposure to surrounding healthy tissues. This technique is particularly useful for cancers that are challenging to completely remove during surgery or where there is a risk of residual microscopic cancer cells. The market for IORT is anticipated to experience high growth during the forecast period from 2024 to 2031, driven by its effectiveness in improving cancer treatment outcomes and reducing complications associated with traditional radiation therapy methods.
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Market Dynamics:
The rising incidence of cancer across the globe will drive the market growth
The growth of the intraoperative radiation therapy (IORT) market is significantly driven by the rising global incidence of cancer, including breast cancer, prostate cancer, and lung cancer. The World Health Organization reported approximately 9.6 million cancer-related deaths globally in 2018. In the United States, the National Cancer Institute estimated around 1,735,350 new cancer cases for the same year. Specifically, lung cancer was projected to account for 439.2 new cases per 100,000 people annually.
In North America, approximately 1.9 million new cancer cases and 693,000 cancer deaths were reported in 2018. Prostate cancer is the most commonly diagnosed cancer among men in the region, while breast cancer remains the leading cancer in women. The American Cancer Society noted that breast cancer caused morbidity in 234,087 people and resulted in 41,904 deaths in 2018.
Cancer prevalence tends to increase with age, with 87% of cancers in the United States diagnosed in individuals aged 50 or older. Risk factors such as an unhealthy diet and lack of physical activity also contribute to cancer development. Approximately 40% of men and 38% of women in the US are expected to develop cancer during their lifetime. These factors collectively contribute to the anticipated growth of the IORT market, as healthcare providers seek more effective treatments to address the rising cancer burden.
Market Segmentation:
By Product and Service: Products, Systems/Accelerators, Applicators & Afterloaders, Treatment Planning Systems, Accessories, Services.
By Technology: Electron IORT, Intraoperative Brachytherapy.
By Application: Breast Cancer, Brain Tumor, Gastrointestinal Cancer, Head & Neck Cancer, Colorectal Cancer, Endometrial & Cervical Cancer, Lung Cancer, Other.
By End-User: Hospitals, Clinics, Ambulatory Surgical Centers.
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Major Key Players:
Carl Zeiss AG
Ariane Medical Systems Ltd
Eckert & Ziegler
Elekta AB
GMV
Elekta AB (pub)
Xoft Xinjiang Ke LAN Shuang Yi Medical Technology Stock Co., Ltd
E-tech Industry CO., Ltd
Derma Optic and Electronic Technique Co. Ltd
Xinjiang Ke Lan Shuang Yi Medical Technology Stock Co., Ltd,
Regional Analysis:
The global Intraoperative Radiation Therapy Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter’s five force analysis. The Intraoperative Radiation Therapy Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.
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