According to a new report published by Allied Market Research, titled, โIntraoperative Radiation Therapy Market: Global Opportunity Analysis and Industry Forecast, 2020-2027” Intraoperative radiation therapy is an intensive treatment wherein precise delivery of the large dose of ionizing radiation to the target site. The task is to visualize tumor site or tumor bed and separate the entity from other normal tissues to ensure that the maximum dose is instilled into the tumor cells and least on the normal tissues. The differentiation between these two tissues helps to achieve appropriate therapeutic ratio with Intraoperative Radiation therapy. The IORT technique is widely used for the colorectal cancers, soft-tissue tumors, recurrent gynecological cancers, and intra-abdominal tumors. The advancement in the technology led to widening of the application of IORT, which include early-stage breast cancer, pediatric tumors, retroperitoneal sarcoma, and recurrent rectal and gynecological cancers.
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COVID-19 Scenario Analysis
The growth in the rate of the lethality of the coronavirus-2 disease has brought up a global concern for the safety of the global population enforcing the lockout situation. The surge in the demand for the recovery of the patients who are exposed to the virus would need respiratory equipment for better treatment. There is a surge in the usage of these devices globally and hence the manufacturers are taking advantage and hence gaining maximum shares. However, the surgical procedures are now brought to a halt which will lead to the downfall of the other medical devices and supplies. This has also led to a decrease in the growth of the Intraoperative Radiation Therapy in the current situation. Furthermore, the use of the equipment which can be used to prevent the exposure with the COVID-19 is anticipated to increase in the near future. The rise in the government interference towards the safety of the global population would help the use of the personal protective equipment in the commenced period.
The growth in clinical trials for widening in the applications in cancer offered by IORT would help the market to grow in the coming years. The increase in rate of incidences of cancer would propel the market growth in the forecast period. Furthermore, rise in the technological advancements and the advantages offered by the Intraoperative Radiation Therapy over other techniques are anticipated to boost in the near future. However, the lack of trained professional and inclination towards the conventional therapies may hinder the market growth.
The key leaders are focusing on bringing up advancement in the IORT technique which would help the market grow in the coming years. For instance, in September 2019, Brainlab launched LOOP-X, which is a mobile type intraoperative radiation therapy. This product enhanced the flexibility while performing the surgical procedure. The automation added in the system also includes easier imaging workflow, robotic movement of with the procedure and performance based on command.
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The key players profiled in this report include IntraOp Medical Corporation, GMV Innovating Solutions, ZEISS Group, iCAD Inc., Sensus Healtcare Inc., Variant Medical Systems Inc., Ariane Medical Systems, Sordina IORT Technologies, Eckert and Ziegler Group, and Elekta AB.
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- This study presents the analytical depiction of the global intraoperative radiation therapy industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global intraoperative radiation therapy market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the global Intraoperative Radiation Therapy market growth scenario.
- Porterโs five forces analysis illustrates the potency of buyers & suppliers in the Intraoperative Radiation Therapy market.
- The report provides a detailed global market analysis based on competitive intensity and how the competition will take shape in coming years.
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