Brachytherapy Treatment Planning Systems Market: Current Analysis and Forecast (2022-2028)

Report Description

The global brachytherapy treatment planning systems market is expected to grow at a significant rate of around 9% during the forecast period. Brachytherapy Treatment Planning Systems are software and hardware tools used to plan and guide brachytherapy treatments. These tools help healthcare providers determine the best placement and dose of radioactive sources for a given patient, based on imaging data and other patient-specific information. The market is driven by the increasing demand for minimally invasive cancer treatments, advancements in technology, the growing incidence of cancer worldwide, and frequent product launches by the major market players. For instance, in December 2020, RaySearch Laboratories AB (publ) launched the treatment planning system. RayStation 10B adds support for brachytherapy planning and a new GPU Monte Carlo algorithm, which typically cuts final dose computation times to less than five seconds.

Elekta; Varian Medical Systems, Inc.; MIM Software Inc.; RaySearch Laboratories; Prowess Inc.; Concure Oncology; BEBIG Medical GmbH; Sensus Healthcare; Isoray Inc.; and IsoAid. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Amongst Component, PET/CT deformable software to have Fastest CAGR during the forecast period.”

Based on the component, the market has been categorized into auto-contouring software, multi-modality software, PET/CT deformable software, and DICOM-RT software. Among them, the PET/CT deformable software category is expected to grow at a considerable rate during the forecast period. PET/CT deformable software Brachytherapy Treatment Planning Systems are software programs that integrate images from PET (Positron Emission Tomography) and CT (Computed Tomography) scans to provide accurate 3D models of the treatment area. This software provides a precise and individualized treatment plan, improving the accuracy of the dose delivery and reducing the risk of normal tissue damage. There are several factors that are responsible for the segmental growth of PET/CT deformable software.

“Amongst Techniques, the in-room imaging segment held a dominating share in the market in 2021.”

Based on the techniques, the market has been categorized into 3D image reconstruction, in-room imaging, and image registration using a graphics processor unit. Among them, the in-room imaging segment held a dominating share of the market in 2021.  The in-room imaging In-room imaging allows for real-time verification and adjustments to the treatment plan during the procedure to ensure accurate delivery of the radiation dose. Due to its real-time monitoring and accurate imaging techniques, the segment acquires a prominent share of the market.

“Asia Pacific to witness the fastest growth in the market”

Asia Pacific’s brachytherapy treatment planning systems market is expected to witness the fastest growth during the forecast period. The market is driven by the increasing demand for precise and effective radiation therapy solutions and the growing awareness of the benefits of brachytherapy treatments. Furthermore, the increasing investment in healthcare infrastructure and the growing number of cancer cases in the region are also expected to drive growth in the market.  For instance, as per the Australian Institute of Health and Welfare, cancer is a major cause of illness and death in Australia. In 2021, about 151,000 Australians were diagnosed with cancer and 49,000 people died.

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:

The global brachytherapy treatment planning systems market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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Research Methodology

Research Methodology for the Brachytherapy Treatment Planning Systems Market Analysis (2022-2028)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global brachytherapy treatment planning systems market were the three major steps undertaken to create and analyze the adoption of brachytherapy treatment planning systems in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global brachytherapy treatment planning systems market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the Brachytherapy Treatment Planning Systems market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the brachytherapy treatment planning systems market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as components and techniques. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the brachytherapy treatment planning systems market. Further, we conducted factor analysis using dependent and independent variables such as the components and techniques of brachytherapy treatment planning systems. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the brachytherapy treatment planning systems market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global brachytherapy treatment planning systems market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the brachytherapy treatment planning systems market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the global brachytherapy treatment planning systems market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

 Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global brachytherapy treatment planning systems market. Data was split into several segments & sub-segments post studying various parameters and trends in the application and end-user in the global brachytherapy treatment planning systems market.

The main objective of the Global Brachytherapy Treatment Planning Systems Market Study

The current & future market trends of the global brachytherapy treatment planning systems market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the brachytherapy treatment planning systems market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of components and techniques.
• Define and analysis of the regulatory framework for the brachytherapy treatment planning systems industry.
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
• Analyze the current and forecast market size of the Brachytherapy Treatment Planning Systems market for the major region.
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
• Company profiles of the brachytherapy treatment planning systems market and the growth strategies adopted by the market players to sustain in the fast-growing market.
• Deep dive regional level analysis of the industry

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