The global Intraoperative Radiation Therapy market gathered revenue around USD 47 million in 2020 and market is set to grow USD 70 million by the end of 2027 and is estimated to expand at a modest CAGR of 5.9% during the prediction period 2021 to 2027.
Growth Factors:
The rising incidence of cancer, technological advancements, and advantages offered by IORT over conventional radiotherapy are the major factors driving the growth of the global intraoperative radiation therapy market. Additionally, growing clinical trials exploring the use of IORT for various cancer applications are expected to offer lucrative growth opportunities to market players. However, the complex nature of technology coupled with a shortage of trained personnel and preference of conventional radiotherapy over IORT by physicians owing to reimbursement coverage are the major factors that are expected to restrain the growth of this market.
This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Intraoperative Radiation Therapy market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Intraoperative Radiation Therapy market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.
Report Coverage
Report Scope | Details |
Market Size | USD 70 Million by 2027 |
Growth Rate | CAGR of 5.9% From 2021 to 2027 |
Base Year | 2020 |
Forecast Period | 2021 to 2027 |
Historic Data | 2017 to 2020 |
Report coverage | Growth Factors, Revenue Status, Competitive Landscape, and Future Trends |
Segments Covered | Product and Service, Technology, Application, and Region |
Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
Companies Mentioned | ZEISS Group , iCAD, Inc. , Eckert & Ziegler , Elekta AB , GMV Innovating Solutions , Sensus Healthcare, Inc. , IntraOp Medical, Inc., Isoray, Inc. , Becton, Dickinson and Company , Sordina IORT Technologies , Varian Medical Systems, Inc. , SeeDos Ltd., IsoAid LLC , Ariane Medical Systems Ltd. , Panacea Medical Technologies Pvt. Ltd. , Salutaris Medical Devices , Brainlab AG among others |
COVID-19 Impact Assessment on Market Landscape
The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.
Intraoperative Radiation Therapy market report empower readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.
North America is expected to command the largest share of the Intraoperative radiation therapy market in 2019
North America, comprising the US and Canada, accounted major share of the intraoperative radiation therapy market in 2019. The major factors driving market growth in this region are the easy availability and high adoption of IORT for cancer treatment, the rising incidence of cancer, and significant per capita annual healthcare expenditure in the US and Canada. Furthermore, associations such as the American Society for Radiation Oncology (ASTRO) have advocated the use of low-energy IORT, which has contributed to its increased adoption in North America..
Competitive Rivalry
Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.
Significant Market Participants Operational in the Intraoperative Radiation Therapy Market are: ZEISS Group , iCAD, Inc. , Eckert & Ziegler , Elekta AB , GMV Innovating Solutions , Sensus Healthcare, Inc. , IntraOp Medical, Inc., Isoray, Inc. , Becton, Dickinson and Company , Sordina IORT Technologies , Varian Medical Systems, Inc. , SeeDos Ltd., IsoAid LLC , Ariane Medical Systems Ltd. , Panacea Medical Technologies Pvt. Ltd. , Salutaris Medical Devices , Brainlab AG among others
Unravelling the Critical Segments
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:
Global Intraoperative radiation therapy Market, by Product and Service
Global Intraoperative radiation therapy Market, by Technology
Global Intraoperative radiation therapy Market, by Application
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)