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The intraoperative radiation therapy market was valued at USD 50.00 million in 2021 and it is anticipated to grow further till USD 92.5 million by 2031, at a CAGR of 6.3% during the forecast period.
Intraoperative radiation therapy systems (IORT) administer a concentrated dose of radiation to a tumor site right away following the removal of a tumor in order to eradicate the microscopic malignant cells. The spectrum is utilized to determine the type of microorganisms present inside the cells due to intra beam or differential radiation properties. IORT refers to the delivery of therapeutic radiation doses to the tumor location. Along with outer beam radiation, chemotherapy, and surgery, IORT is frequently used in the multidisciplinary management of privately advanced and recurrent illnesses. As a recent development, IORT can also be applied to earlier stages of diseases like prostate cancer and breast cancer growth.
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Market Trends and Drivers
The IORT technique has a number of benefits, including focused radiation, brief treatments, excellent radiation control, and less radiation exposure to healthy tissue. This is particularly true in the case of breast cancer, as this mode provides women with a selection of breast-preserving treatments (lumpectomy). Therefore, one of the major factors fueling the market’s expansion is the rising incidence of breast cancer. The use of IORT procedures will increase due to the rising incidence of cancer.
Similarly, as a breast-conserving procedure, IORT has developed a number of noteworthy uses throughout time. A significant number of manufacturers and research institutions are working together more frequently to perform clinical trials to examine the applicability and efficacy of IORT for additional cancer types as a result of technological developments in this area combined with the expanding uses of IORT. These clinical trials’ main objective is to assess the viability of IORT therapy for a range of cancer applications.
Market Restraints and Challenges
To achieve the greatest tumor control and ensure the least amount of harm to normal tissue, a high degree of accuracy is required at every stage of the procedure. Interconnectivity problems across various treatment planning, delivery, and monitoring systems can lead to procedural errors, which increases patient risks. These IORT-related complications make it difficult for this therapy to become widely used in the treatment of cancer.
Global Intraoperative Radiation Therapy Market Segmentation
By Product & Service
- Products
- Systems/Accelerators
- Applicators & After Loads
- 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
- Others
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Major Players in the Global Intraoperative Radiation Therapy Market
The key players studied in the global intraoperative radiation therapy market are ZEISS Group (Germany), iCAD, Inc. (US), Eckert & Ziegler (Germany), Elekta AB (Sweden), GMV Innovating Solutions (Spain), Sensus Healthcare, Inc. (US), IntraOp Medical, Inc. (US), Isoray, Inc. (US), Becton, Dickinson and Company (US), Sordina IORT Technologies (Italy), Varian Medical Systems, Inc. (US), SeeDos Ltd. (UK), IsoAid LLC (US), Ariane Medical Systems Ltd. (UK), and Panacea Medical Technologies Pvt. Ltd. (India) among others.
COVID-19 Impact
The COVID-19 epidemic has a substantial effect on the market for intraoperative radiation therapy. Hospitals and cancer treatment facilities had to restrict or delay a number of screening, diagnostic, and surgical operations, which caused disruptions in the market for cancer detection and treatment. The epidemic also had an effect on the resources available for medical care. Major regulatory agencies from around the world, including the CDC, WHO, MHRA, TGA, and EMA, have noted that people with cancer are more likely than healthy adults to get coronavirus illness. Regulatory authorities proposed a few alternative dose-fractionation regimens to lessen the load on the patient and personnel while lowering the danger of exposure.
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Research Scope
- Scope – Highlights, Trends, Insights. Attractiveness, Forecast
- Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
- Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
- Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
- Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
- Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis.
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