Fiducial Markers Market Projected to Experience Major Revenue Boost during the Period Until 2028

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Rockville, US, 2018-Dec-26 — /EPR Network/ — Use of fiducial markers for prostate cancer is on a steep rise by virtue of its effectiveness in individualizing patient care in advance detection, diagnosis, and treatment. Furthermore, adoption of fiducial markers to address rising incidences of breast cancer is also proliferating at an impressive rate, wherein markers are implanted in the target area to mitigate the risk of cancer recurrence.

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According to the Fact.MR study, pure gold fiducial marker will outsell all other product types in 2019, with an estimated valuation worth US$ 60 Mn by 2019. Greater reliability and superior stability are the prime factors responsible for escalating demand for pure gold fiducial marker. Fact.MR also unveils that competency of pure gold fiducial markers to provide high-quality resolution is another key reason fuelling its buoyancy in the global market space.

Competitive Landscape – Notable Strategies and Developments

  • Eckert & Ziegler BEBIG entered into an agreement with RaySearch Laboratories in the year 2018. With this agreement, Eckert & Ziegler BEBIG aims to leverage new opportunities in the field of brachytherapy- the treatment of prostate cancer through insertion of implants.
  • Boston Scientific agreed on a $4.24 billion deal to acquire BTG plc, a company offering products for minimally-invasive procedures for treating cancer and vascular diseases, in the year 2018. This acquisition was aimed at bolstering the organization’s capabilities in interventional medicine.
  • IBA Dosimetry announced ProMed Technologies as the company’s new and exclusive distributor partner for Canada region in the year 2017. This strategic move was aimed at ensuring the organization’s quality sales across prominent regions.
  • IZI Medical Products, Inc. announced the completion of its acquisition of the vertebral augmentation systems of Benvenue Medical, Inc. This acquisition was aimed at reinvigorating the company’s potential apropos of offerings for treatment of spinal fractures.

The report on fiducial markers also features various other companies operating in the global market space. The other players profiled in the report include Innovative Oncology Solutions, Best Medical International, Inc., Carbon Medical Technologies, CIVCO, alphaXRT, Nanovi Radiotherapy A/S, and Stellar Medical.

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Rise in Demand for MRI Non-Magnetic Fiducial Markers – A Prominent Trend

Magnetic resonance imaging technique remains a popular technique used in case of radiology. This specialized technique necessitates use of tools and markers that are highly compatible. Many devices and markers, including fiducial markers, which are commercially sold, undergo MRI evaluations with respect to various safety issues and artifacts.

Presence of immoderate ferromagnetism that confine or obscure the target area is one of the primary reasons making commercially available devices unsuitable for MR-guided biopsy sessions. To overcome this, manufacturers are focusing on using materials with low magnetic susceptibility during manufacturing, in order to enhance compatibility of their products with MR-guided procedures. MRI compatible fiducial markers are usually longer than the standard variant, which minimizes the use of multiple needle sticks involved. Moreover, innovative designs used in case of MRI non-magnetic fiducial markers curb bending issues whilst injection processes, unlike the other linear tissue markers.

Fiducial Markers Market- Research Methodology

The fiducial markers market report involves a robust research methodology that has been leveraged for garnering insights for the fiducial markers market forecast. The systematic approach forms the foundation of actionable intelligence included in the fiducial markers market study. The primary research phase comprises of interviews and interactions with industry experts and domain-specific analysts, while the secondary research incorporates meticulous study of industry databases, company press releases and published particulars.

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