New Study: What are the strategies implemented by emerging players in the global Brachytherapy Afterloaders Market

Brachytherapy is a type of radiotherapy that is used during cancer treatment. It involves a radiation procedure to kill tumors and cancer cells, especially in prostate, breast, and skin cancer. The global brachytherapy devices market is expected to expand at a notable 8% CAGR throughout the assessment period of 2020-2030. The market is valued at US$ 900 million as of 2019.

Rising prevalence of cancer cases, increase in population, and growing demand for brachytherapy devices are key factors that will propel the expansion of the brachytherapy devices market size over the forecast period. However, worldwide impact of the COVID-19 pandemic has affected the global brachytherapy devices market in a slightly negative way. The threat caused by the virus spread and the rise in safety precautions are leading causes that will have considerable consequences on the market.

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Brachytherapy Devices Market Product Type Insights

By product, the global brachytherapy devices is segmented into three main types – brachytherapy afterloaders, brachytherapy applicators, and others. Applicators are further divided into intracavitary applicators and interstitial applicators. The applicators segment will hold a majority market share over the forecast period, mainly due to this type being much more efficient as compared to others, besides applicators are also minimally-invasive, which is a high preference of patients.

The segment is expected to expand at a rate of 8.4% over the forecast period. Key competitors in the brachytherapy devices market, such as Elekta AB, have devoted their portfolios to the expansion of this segment by introducing more advanced types of products, which has also become a significant driver for market growth.

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Brachytherapy Devices Market: Segmentation

Fact.MR has studied the brachytherapy devices market with detailed segmentation on the basis of by type, indication, dose rate, end user, and key regions.

Brachytherapy Devices Market Insights by End User

Based on end user, the global brachytherapy devices market is bifurcated into hospitals, cancer treatment centers, and others. Among these, hospitals account for over 60% share in the market. Key reasons for this are better treatment facilities, favorable insurance policies, and preference of people to choose well-equipped hospitals with professional doctors. Hospitals are also subjected to government support because of the increasing prevalence of cancer. However, cancer treatment clinics will also witness steady growth in the brachytherapy devices market, owing to the rise of privacy issues and opening of specialized centers with more customized & convenient options for patients.

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The Brachytherapy Devices Market research answers important questions, including the following:

1. 1. Why Brachytherapy Devices Market players are focusing on the business expansion in region?
   2. Which regulatory authorities have granted approval to the application of Brachytherapy Devices Market

1. 1. What are the pros and cons of the Brachytherapy Devices Market the environment?

1. Why players are targeting the production of segment?
2. What are the strategies implemented by emerging players in the global Brachytherapy Devices Market?

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The Brachytherapy Devices Market report serves the readers with the following data:

• In-depth analysis of supply-side and demand-side trends.
• Direct and indirect impacts of the growth of relevant markets on the Brachytherapy Devices
• Importance of segment in various regions.
• Accurate Y-o-Y growth of the global Brachytherapy Devices
• Consumption trends among individuals across the globe.

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