Global Intraoperative Radiation Therapy Market Size By Technology, By Product and Service, By Application, By Geographic Scope And Forecast
Report ID: 122062|No. of Pages: 202
Global Intraoperative Radiation Therapy Market Size By Technology, By Product and Service, By Application, By Geographic Scope And Forecast
Intraoperative Radiation Therapy Market Size And Forecast
Intraoperative Radiation Therapy Market size was valued at 61.5 USD Billion in 2024 and is projected to reach 96.77 USD Billion 2031, growing at a CAGR of 6.43% from 2024 to 2031.
Global Intraoperative Radiation Therapy Market Drivers
Numerous important factors are driving the intraoperative radiation therapy (IORT) market, including:
- Technological Developments: The effectiveness and precision of IORT have been greatly enhanced by ongoing technological advancements in radiation therapy tools and methods, making it a more practical choice for the treatment of cancer.
- Increasing Cancer Incidence: The need for efficient treatment techniques has increased due to the rising incidence of cancer worldwide. IORT is becoming more and more popular among oncologists since it provides targeted radiation with little exposure to the surrounding healthy tissues.
- Better Results from the Treatment: According to clinical research, IORT can raise overall survival rates for some malignancies and improve local control of tumours. Its acceptance in therapeutic settings is being propelled by this advantageous result.
- Increasing Perception and Acceptance: A growing number of patients and healthcare professionals are becoming aware of the advantages of IORT, which is helping to increase its acceptance and incorporation into cancer treatment regimens.
- Governmental initiatives that provide support: The IORT industry is expanding thanks to government financing and programmes that support cutting-edge treatment technologies and enhance the infrastructure of cancer care.
- Economy of scale: When compared to traditional radiation therapy, IORT can be more affordable because it often involves fewer sessions and can shorten the duration of treatment, which appeals to patients and medical professionals alike.
- Combining One Treatment with Another: The use of IORT in conjunction with other therapies, such as chemotherapy and surgery, is growing, which improves its effectiveness and expands its range of applications.
- Population Ageing: The need for more sophisticated treatment alternatives like IORT is rising as the world’s population ages and becomes more vulnerable to cancer.
- Technological Progress in Imaging Methods: Improved imaging methods that provide more precise tumour visualisation and targeting during surgery are raising the precision and efficacy of IORT.
Global Intraoperative Radiation Therapy Market Restraints
Several factors can act as restraints or challenges for the Intraoperative Radiation Therapy Market. These may include:
- Exorbitant Expenses and Minimal Compensation: Many healthcare professionals may find it difficult to deliver IORT care due to the high expense of the procedures and equipment, especially in low- and middle-income areas. Further discouraging the adoption of IORT are insurance companies’ restrictive payment practices. Patients and healthcare organisations can be reluctant to select or provide IORT if they do not receive sufficient financial support.
- Operational and Technical Difficulties: It takes skilled workers and specialised equipment to implement IORT. It can be difficult and resource-intensive to integrate IORT into current surgical processes without the assistance of a committed, well-organized team. The broad implementation of IORT in clinical settings may be constrained by these operational difficulties.
- Insufficient Knowledge and Experience: Both people and healthcare professionals generally lack knowledge and comprehension of IORT. In addition, a shortage of qualified experts equipped to provide IORT may arise from inadequate training opportunities for medical workers. This restricts its uptake, particularly in less specialised or smaller medical facilities.
- Issues with Regulation and Approval: For IORT devices, getting regulatory approval can be a difficult and drawn-out procedure. The approval and subsequent uptake of novel IORT technologies may be slowed down by regional differences in regulatory requirements. This regulatory obstacle may cause a delay in the release of cutting-edge IORT solutions.
- Acceptance and Clinical Evidence: Despite mounting proof of IORT’s effectiveness, some physicians are still dubious about its long-term advantages over conventional radiation therapy. To persuade the larger medical community of the advantages of IORT, larger clinical studies and long-term outcome data are required.
- Infrastructure Needs: To safeguard patients and medical personnel from radiation exposure, IORT requires specialised infrastructure, such as sophisticated radiation delivery systems and protected operating rooms. Many healthcare facilities may find it difficult to obtain the specialised infrastructure they need, especially those with low resources.
- Rivalry with Other Therapies: Other well-established cancer treatment techniques including brachytherapy, external beam radiation therapy (EBRT), and developing technologies compete with IORT. These substitute therapies, which have already been effectively incorporated into clinical practice, may be able to restrict IORT’s market expansion.
Global Intraoperative Radiation Therapy Market Segmentation Analysis
The Global Intraoperative Radiation Therapy Market is segmented based on Technology, Product and Service, Application, and Geography.
Intraoperative Radiation Therapy Market, By Technology
- Electron IORT
- Intraoperative Brachytherapy
Based on technology, the intraoperative radiation therapy market is segmented into electron IORT and intraoperative brachytherapy. The electron IORT segment is expected to grow at the highest rate in the intraoperative radiation therapy market in 2019. The growth of this segment can be attributed to the wide range of benefits associated with it, including lesser treatment time, better depth of penetration, and optimal dose homogeneity
Intraoperative Radiation Therapy Market, By Product and Service
- Products
- Systems/Accelerators
- Applicators & Afterloaders
- Treatment Planning Systems
- Accessories
- Services
Based on Product and Service the market is bifurcated into Products, Systems/Accelerators, Applicators & Afterloaders, Treatment Planning Systems, Accessories, and Services. In 2019, the products segment is expected to account for the largest market share. The larger share of this segment can be attributed to their growing availability; development of technologically advanced mobile systems/accelerators, treatment planning, and growing applications of IORT products in cancer treatment.
Intraoperative Radiation Therapy Market, By Application
- Breast Cancer
- Brain Tumor
- Gastrointestinal Cancer
- Head & Neck Cancer
- Colorectal Cancer
- Endometrial & Cervical Cancer
- Lung Cancer
- Other Cancers (penile cancer and prostate cancer)
Based on Application the market is bifurcated into Breast Cancer, Brain Tumor, Gastrointestinal Cancer, Head & Neck Cancer, Colorectal Cancer, Endometrial & Cervical Cancer, Lung Cancer, and Other Cancers (penile cancer and prostate cancer). The breast cancer application segment is expected to dominate the intraoperative radiation therapy market during the forecast period. This can be primarily attributed to factors such as the non-invasive nature of radiotherapy, rising incidence of breast cancer, and high success rates achieved with IORT.
Intraoperative Radiation Therapy Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the world
On the basis of Geography, the Global Intraoperative Radiation Therapy Market is classified into North America, Europe, Asia Pacific, and Rest of the world. North America, comprising the US and Canada, accounted major share of the intraoperative radiation therapy market in 2019. The major factors driving market growth in this region are the easy availability and high adoption of IORT for cancer treatment, the rising incidence of cancer, and significant per capita annual healthcare expenditure in the US and Canada. Furthermore, associations such as the American Society for Radiation Oncology (ASTRO) have advocated the use of low-energy IORT, which has contributed to its increased adoption in North America.
Key Players
The major players in the Intraoperative Radiation Therapy Market are:
- ZEISS Group
- iCAD, Inc.
- Eckert & Ziegler
- Elekta AB
- GMV Innovating Solutions
- Sensus Healthcare, Inc.
- IntraOp Medical, Inc.
- Isoray, Inc.
- Becton, Dickinson and Company
- Sordina IORT Technologies
Report Scope
| Report Attributes | Details |
|---|---|
| Study Period | 2021-2031 |
| Base Year | 2024 |
| Forecast Period | 2024-2031 |
| Historical Period | 2021-2023 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | ZEISS Group, iCAD, Inc., Eckert & Ziegler, Elekta AB, GMV Innovating Solutions, Sensus Healthcare, Inc., IntraOp Medical, Inc., Isoray, Inc., Becton, Dickinson and Company, Sordina IORT Technologies. |
| Segments Covered |
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| Customization scope | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
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Frequently Asked Questions
1 INTRODUCTION OF GLOBAL INTRAOPERATIVE RADIATION THERAPY MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL INTRAOPERATIVE RADIATION THERAPY MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 GLOBAL INTRAOPERATIVE RADIATION THERAPY MARKET, BY TECHNOLOGY
5.1 Overview
5.2 Electron IORT
5.3 Intraoperative Brachytherapy
6 GLOBAL INTRAOPERATIVE RADIATION THERAPY MARKET, BY PRODUCT AND SERVICE
6.1 Overview
6.2 Products
6.3 Systems/Accelerators
6.4 Applicators & Afterloaders
6.5 Treatment Planning Systems
6.6 Accessories
6.7 Services
7 GLOBAL INTRAOPERATIVE RADIATION THERAPY MARKET, BY APPLICATION
7.1 Overview
7.2 Breast Cancer
7.3 Brain Tumor
7.4 Gastrointestinal Cancer
7.5 Head & Neck Cancer
7.6 Colorectal Cancer
7.7 Endometrial & Cervical Cancer
7.8 Lung Cancer
7.9 Other Cancers (penile cancer and prostate cancer)
8 GLOBAL INTRAOPERATIVE RADIATION THERAPY MARKET, BY GEOGRAPHY
8.1 Overview
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 U.K.
8.3.3 France
8.3.4 Rest of Europe
8.4 Asia Pacific
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Rest of Asia Pacific
8.5 Rest of the World
8.5.1 Latin America
8.5.2 Middle East and Africa
9 GLOBAL INTRAOPERATIVE RADIATION THERAPY MARKET COMPETITIVE LANDSCAPE
9.1 Overview
9.2 Company Market Ranking
9.3 Key Development Strategies
10 COMPANY PROFILES
10.1 ZEISS Group
10.1.1 Overview
10.1.2 Financial Performance
10.1.3 Product Outlook
10.1.4 Key Developments
10.2 iCAD, Inc.
10.2.1 Overview
10.2.2 Financial Performance
10.2.3 Product Outlook
10.2.4 Key Developments
10.3 Eckert & Ziegler
10.3.1 Overview
10.3.2 Financial Performance
10.3.3 Product Outlook
10.3.4 Key Developments
10.4 Elekta AB
10.4.1 Overview
10.4.2 Financial Performance
10.4.3 Product Outlook
10.4.4 Key Developments
10.5 GMV Innovating Solutions
10.5.1 Overview
10.5.2 Financial Performance
10.5.3 Product Outlook
10.5.4 Key Developments
10.6 Sensus Healthcare, Inc.
10.6.1 Overview
10.6.2 Financial Performance
10.6.3 Product Outlook
10.6.4 Key Development
10.7 IntraOp Medical, Inc.
10.7.1 Overview
10.7.2 Financial Performance
10.7.3 Product Outlook
10.7.4 Key Developments
10.8 Isoray, Inc.
10.8.1 Overview
10.8.2 Financial Performance
10.8.3 Product Outlook
10.8.4 Key Developments
10.9 Becton, Dickinson and Company
10.9.1 Overview
10.9.2 Financial Performance
10.9.3 Product Outlook
10.9.4 Key Development
10.10 Sordina IORT Technologies
10.10.1 Overview
10.10.2 Financial Performance
10.10.3 Product Outlook
10.10.4 Key Development
11 Appendix
11.1 Related Research
Report Research Methodology
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Exploratory data mining
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Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
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Econometrics and data visualization model
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We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
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- Established market players
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The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
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