Intraoperative Radiation Therapy Market Trends:
Global intraoperative radiation therapy market is projected
to reach USD 66 million by 2025 from USD 48 million in 2020, at a CAGR of 6.4%
during the forecast period. The technological advancements such as the
introduction of mobile IORT system, rising incidence of cancer, and advantages
offered by IORT over conventional radiotherapy are the major factors driving
the growth of the global intraoperative radiation therapy market.
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Key Market Players of Intraoperative Radiation
Therapy Market:
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)
ZEISS is among the pioneer companies that combined
surgery with radiotherapy to develop and introduce intraoperative radiation
therapy to the cancer treatment field. The flagship product of the company,
INTRABEAM, is one of the most widely used IORT products across the globe.
INTRABEAM is a revolutionary, intraoperative form of radiation therapy for
early-stage breast cancers.
COVID-19 Impact on the global Intraoperative radiation
therapy market
The intraoperative radiation therapy market was
significantly impacted by the COVID-19 pandemic. Various screening, diagnostic,
and surgical procedures were restricted or postponed at hospitals and cancer
treatment centers, which resulted in disruptions in the cancer diagnosis as
well as treatment market. The pandemic also impacted the availability of
healthcare resources. Major regulatory authorities across the globe, such as
the CDC, WHO, MHRA, TGA, and EMA, have identified cancer patients at a greater
risk of contracting coronavirus disease than healthy adults.
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Opportunity: Growing applications of IORT
Over the years, IORT has found significant applications as a
breast-conserving treatment. Technological advancements in this field, coupled
with the growing applications of IORT, has resulted in the increasing
collaboration between a large number of manufacturers and research institutes to
conduct clinical trials to study the applications and efficacy of IORT for
other cancer types.
Recent Developments
·
Elekta AB launched Geneva, a universal
gynecological applicator for brachytherapy.
·
Varian acquired Cancer Treatment Services
International (CTSI), a US-based oncology solutions division that provides
cancer care professional services to healthcare providers worldwide. The
acquisition expanded Varian’s access to technology-driven cancer care .
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