Global Intraoperative Radiation Therapy Market Size, Trends, and Growth Opportunity, By Method (High Dose-Rate, Electron, Intraoperative Brachytherapy, X-Ray, and Others), Product (Intraoperative Radiation Therapy Devices, and Software and Services, Intraoperative Radiation Therapy Accessories), Type (Portable and Benchtop), Application (Gynecological Cancer, Genitourinary Cancers, Breast Cancer, Brain Tumor, Head and Neck Cancer, Soft Tissue Sarcoma, Pediatric Tumors, and Upper Gastro-Intestinal Tumors Other Cancer), End User (Specialty Center, Hospital, Ambulatory Surgical Centers, and Others), Distribution Channel (Direct Tender and Retail Sales) By Region and forecast till 2030.
Global Intraoperative Radiation Therapy Market
Global Intraoperative Radiation Therapy Market was valued at USD 284.08 million in 2022 and is slated to reach USD 499.03 million by 2030 at a CAGR of 7.29 % from 2023-2030.
To treat the tumor with a high dosage of ionizing radiation during surgery, a procedure known as intraoperative radiotherapy (IORT) is used. The direct visualization of the tumor bed is also a part of it. Separating healthy tissues from the tumor bed increases the tumor dose while decreasing the exposure of healthy tissues. As a result, IORT can enable dose escalation and provide a higher total effective dosage to the tumor bed without significantly raising problems in normal tissue.
Market Drivers
Since radiation therapy makes up around 50% of all cancer treatments, an increase in cancer incidence rates around the world is anticipated to propel the market during the forecast period. Globally, there were around 19.3 million new cases of cancer in 2020, and GLOBOCAN 2021 predicts that number would increase to 30.2 million by the year 2040. There is a rising need for nuclear medicine radioisotopes as a result of the widespread use of nuclear medicines in cancer treatment, such as radiation, which is driving the market. Nuclear medicine radioisotopes would be required as more cancer cases were diagnosed, which would fuel the market's expansion. This component so accelerates market expansion. Several intraoperative imaging technologies, including c-arm, ultrasound, and iMRI, have significantly increased the range of surgical options. The surgical treatment of several ailments, including orthopedic, cardiology, neurology, vascular, and neurologic problems, has changed as a result of the capacity to visualize bones and soft tissue with incredibly fine detail. The market is expected to grow as a result of the ongoing developments in intraoperative imaging technologies, such as 3D and real-time imaging. For instance, in 2021, the FDA approved GE Healthcare's OEC 3D, a surgical imaging system with 3D and 2D imaging capabilities. OEC 3D aims to establish a benchmark for intraoperative 3D imaging for spine and orthopedic procedures by providing exact volumetric pictures. As a result, this component spurs market expansion. During the projection period, it is predicted that there will be a significant increase in the demand for iMRI. The high-quality images produced by the iMRI technology enable more precise surgery and provide real-time imaging, considerably reducing the possibility of error and the need for ionizing radiation. These have contributed to the iMRI's growth as a crucial surgical tool. As a result, this element accelerates the market's growth.
Market Restraints
Exposure to large doses of radiation carries a significant risk that slows the market's rate of expansion. Skin burns and acute radiation sickness are two acute health problems that can occur after exposure to very high radiation levels. It may potentially have long-lasting health consequences like cancer and cardiovascular problems. As a result, these factors limit market expansion.
Impact of COVID-19
Additionally, the pandemic has sped up the implementation of telemedicine and remote monitoring technologies, which will probably increase demand for IORT systems with improved connectivity and digital capabilities. Furthermore, the pandemic has raised attention to infection prevention strategies, which is anticipated to enhance demand for IORT systems with cutting-edge sterilization and disinfection characteristics. However, the pandemic has also disrupted the supply chain and raised the price of raw materials, which could raise the cost of IORT systems. Additionally, the pandemic's economic effects have made healthcare services less accessible, which could restrict the expansion of the IORT market in some areas.
Recent Developments
To reduce the burden of cancer worldwide, Varian Medical Systems, Inc. inked a contract with Australia's Icon Group in 2021 to supply 30 linear accelerators and related treatment software. This will help the company increase access to care in underserved rural parts of Australia and Asia.
Market Segmentation
Global Intraoperative Radiation Therapy Market is segmented By Method, Application, Product, End User, and Distribution Channel. By Methods such as High Dose-Rate, Electron, Intraoperative Brachytherapy, X-Ray, and Others. By Products such as Intraoperative Radiation Therapy Devices, and Software and Services, Intraoperative Radiation Therapy Accessories. By Types such as Portable and Benchtop. Applications such as Gynecological Cancer, Genitourinary Cancers, Breast Cancer, Brain Tumor, Head and Neck Cancer, Soft Tissue Sarcoma, Pediatric Tumors, and Upper Gastro-Intestinal Tumors Other Cancer. By End Users such as Specialty Centers, hospitals, Ambulatory Surgical Centers, and Others. By Distribution channels such as Direct Tender and Retail Sales.
Regional Analysis
Global Intraoperative Radiation Therapy Market is segmented into five regions Americas, Europe, Asia-Pacific, and the Middle East & Africa. The market for intraoperative radiation therapy is dominated by North America because of the region's large number of market participants, its persistent efforts to introduce new products, and its R&D activities to support simple operations and ensure the widespread availability of genuine medical-grade imaging systems. Due to the growing acceptability and widespread use of IORT in the region's cancer treatment of patients, North America is anticipated to experience significant growth. Additionally, it is expected that the market will rise faster due to the rising prevalence of chronic diseases.
Key Players
This report includes a list of numerous Key Players, namely Sensus Healthcare (U.S.), GMV Innovating Solutions, Elekta (Sweden), IntraOp Medical, Inc (U.S.), Varian Medical Systems, Inc (U.S.), Eckert & Ziegler (Germany), REMEDI Co., Ltd(South Korea), Brainlab AG (Germany), Sensus Healthcare (U.S.), Elekta (Sweden).
Market Taxonomy
By Method
• Electron
• Intraoperative Brachytherapy
• High Dose-Rate
• X-Ray
• Others
By Product
• Intraoperative Radiation Therapy Devices
• Intraoperative Radiation Therapy Accessories
• Software and Services
By Type
• Portable
• Benchtop
By Application
• Breast Cancer
• Brain Tumor
• Head and Neck Cancer
• Soft Tissue Sarcoma
• Pediatric Tumors
• Gynecological Cancer
• Genitourinary Cancers
• Upper Gastro-Intestinal Tumor
• Other Cancer
By End User
• Hospital
• Ambulatory Surgical Centers
• Specialty Center
• Others
By Distribution Channel
• Direct Tender
• Retail Sales
By Region
• North America Latin America
• Europe
• Asia Pacific
• Middle East & Africa.
Global Intraoperative Radiation Therapy Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
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
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing Economic Downturn
4.2.6 Post Covid-19 World Supply and Demand Conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Intraoperative Radiation Therapy Market, By Method
5.1 Y-o-Y Growth Comparison, By Method
5.2 Global Intraoperative Radiation Therapy Market Share Analysis, By Method
5.3 Global Intraoperative Radiation Therapy Market Size and Forecast, By Method
5.3.1 Electron
5.3.2 Intraoperative Brachytherapy
5.3.3 High Dose-Rate
5.3.4 X-Ray
5.3.5 Others
6 Global Intraoperative Radiation Therapy Market, By Type
6.1 Y-o-Y Growth Comparison, By Type
6.2 Global Intraoperative Radiation Therapy Market Share Analysis, By Type
6.3 Global Intraoperative Radiation Therapy Market Size and Forecast, By Type
6.3.1 Portable
6.3.2 Benchtop
7 Global Intraoperative Radiation Therapy Market, By Distribution Channel
7.1 Y-o-Y Growth Comparison, By Distribution Channel
7.2 Global Intraoperative Radiation Therapy Market Share Analysis, By Distribution Channel
7.3 Global Intraoperative Radiation Therapy Market Size and Forecast, By Distribution Channel
7.3.1 Direct Tender
7.3.2 Retail Sales
8 Global Intraoperative Radiation Therapy Market, By Product
8.1 Y-o-Y Growth Comparison, By Product
8.2 Global Intraoperative Radiation Therapy Market Share Analysis, By Product
8.3 Global Intraoperative Radiation Therapy Market Size and Forecast, By Product
8.3.1 Intraoperative Radiation Therapy Devices
8.3.2. Intraoperative Radiation Therapy Accessories
8.3.3 Software and Services
9 Global Intraoperative Radiation Therapy Market, By Application
9.1 Y-o-Y Growth Comparison, By Application
9.2 Global Intraoperative Radiation Therapy Market Share Analysis, By Application
9.3 Global Intraoperative Radiation Therapy Market Size and Forecast, By Application
9.3.1 Breast Cancer
9.3.2 Brain Tumor
9.3.3 Head and Neck Cancer
9.3.4 Soft Tissue Sarcoma
9.3.5 Pediatric Tumors
9.3.6 Gynecological Cancer
9.3.7 Genitourinary Cancers
9.3.8 Upper Gastro-Intestinal Tumor
9.3.9 Other Cancer
10 Global Intraoperative Radiation Therapy Market, By End Users
10.1 Y-o-Y Growth Comparison, By End Users
10.2 Global Intraoperative Radiation Therapy Market Share Analysis, By End Users
10.3 Global Intraoperative Radiation Therapy Market Size and Forecast, By End Users
10.3.1 Hospital
10.3.2 Ambulatory Surgical Centers
10.3.3 Specialty Center
10.3.4 Others
11Global Intraoperative Radiation Therapy Market, By Region
11.1 Global Intraoperative Radiation Therapy Market Share Analysis, By Region
11.2 Global Intraoperative Radiation Therapy Market Share Analysis, By Region
11.3 Global Intraoperative Radiation Therapy Market Size and Forecast, By Region
12 North America Intraoperative Radiation Therapy Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 North America Intraoperative Radiation Therapy Market Share Analysis, By Method
12.3 North America Intraoperative Radiation Therapy Market Size and Forecast, By Type
12.4 North America Intraoperative Radiation Therapy Market Size and Forecast, By Distribution Channel
12.5 North America Intraoperative Radiation Therapy Market Size and Forecast, By Product
12.6 North America Intraoperative Radiation Therapy Market Size and Forecast, By Application
12.7 North America Intraoperative Radiation Therapy Market Size and Forecast, By End Users
12.8 North America Intraoperative Radiation Therapy Market Size and Forecast, By Country
12.8.1 U.S.
12.8.2 Canada
12.8.3 Mexico
13 Europe Intraoperative Radiation Therapy Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Europe Intraoperative Radiation Therapy Market, Share Analysis, By Method
13.3 Europe Intraoperative Radiation Therapy Market, Size and Forecast, By Type
13.4 Europe Intraoperative Radiation Therapy Market, Size and Forecast, By Product
13.5 Europe Intraoperative Radiation Therapy Market, Size and Forecast, By Distribution Channel
13.6 Europe Intraoperative Radiation Therapy Market, Size and Forecast, By Application
13.7 Europe Intraoperative Radiation Therapy Market, Size and Forecast, By End Users
13.8 Europe Intraoperative Radiation Therapy Market, Size and Forecast, By Country
13.8.1 Germany
13.8.2 France
13.8.3 UK
13.8.4. Rest of Europe
14 Asia Pacific Intraoperative Radiation Therapy Market Analysis and Forecast (2023-2030)
14.1 Introduction
14.2 Asia Pacific Intraoperative Radiation Therapy Market, Share Analysis, By Method
14.3 Asia Pacific Intraoperative Radiation Therapy Market, Size and Forecast, By Type
14.4 Asia Pacific Intraoperative Radiation Therapy Market, Size and Forecast, By Product
14.5 Asia Pacific Intraoperative Radiation Therapy Market, Size and Forecast, By Distribution Channel
14.6 Asia Pacific Intraoperative Radiation Therapy Market, Size and Forecast, By Application
14.7Asia Pacific Intraoperative Radiation Therapy Market, Size and Forecast, By End Users
14.8 Asia Pacific Intraoperative Radiation Therapy Market, Size and Forecast, By Country
14.8.1 China
14.8.2 Japan
14.8.3 India
14.8.4. Rest of Asia Pacific
15 Latin America Intraoperative Radiation Therapy Market Analysis and Forecast (2023-2030)
15.1 Introduction
15.2 Latin America Intraoperative Radiation Therapy Market, Share Analysis, By Method
15.3 Latin America Intraoperative Radiation Therapy Market, Size and Forecast, By Type
15.4 Latin America Intraoperative Radiation Therapy Market, Size and Forecast, By Product
15.5 Latin America Intraoperative Radiation Therapy Market, Size and Forecast, By Distribution Channel
15.6 Latin America Intraoperative Radiation Therapy Market, Size and Forecast, By Application
15.7 Latin America Intraoperative Radiation Therapy Market, Size and Forecast, By End Users
15.8 Latin America Intraoperative Radiation Therapy Market, Size and Forecast, Country
15.8.1. Brazil
15.8.2.Rest of Latin America
16 Middle East Intraoperative Radiation Therapy Market Analysis and Forecast (2023-2030)
16.1 Introduction
16.2 Middle East Intraoperative Radiation Therapy Market, Share Analysis, By Method
16.3 Middle East Intraoperative Radiation Therapy Market, Size and Forecast, By Type
16.4 Middle East Intraoperative Radiation Therapy Market, Size and Forecast, By Product
16.5 Middle East Intraoperative Radiation Therapy Market, Size and Forecast, By Distribution Channel
16.6 Middle East Intraoperative Radiation Therapy Market, Size and Forecast, By Application
16.7 Middle East Intraoperative Radiation Therapy Market, Size and Forecast, By End Users
16.8 Middle East Intraoperative Radiation Therapy Market, Size and Forecast, By Country
16.8.1. Saudi Arabia
16.8.2. UAE
16.8.3. Egypt
16.8.4. Kuwait
16.8.5. South Africa
17 Competitive Analysis
17.1 Competition Dashboard
17.2 Market share Analysis of Top Vendors
17.3 Key Development Strategies
18 Company Profiles
18.1 Sensus Healthcare (U.S.)
18.1.1 Overview
18.1.2 Offerings
18.1.3 Key Financials
18.1.4 Business Segment & Geographic Overview
18.1.5 Key Market Developments
18.1.6 Key Strategies
18.2 GMV Innovating Solutions
18.2.1 Overview
18.2.2 Offerings
18.2.3 Key Financials
18.2.4 Business Segment & Geographic Overview
18.2.5 Key Market Developments
18.2.6 Key Strategies
18.3 IntraOp Medical, Inc (U.S.)
18.3.1 Overview
18.3.2 Offerings
18.3.3 Key Financials
18.3.4 Business Segment & Geographic Overview
18.3.5 Key Market Developments
18.3.6 Key Strategies
18.4 Varian Medical Systems, Inc (U.S.)
18.4.1 Overview
18.4.2 Offerings
18.4.3 Key Financials
18.4.4 Business Segment & Geographic Overview
18.4.5 Key Market Developments
18.4.6 Key Strategies
18.5 Eckert & Ziegler (Germany)
18.5.1 Overview
18.5.2 Offerings
18.5.3 Key Financials
18.5.4 Business Segment & Geographic Overview
18.5.5 Key Market Developments
18.5.6 Key Strategies
18.6 REMEDI Co.
18.6.1 Overview
18.6.2 Offerings
18.6.3 Key Financials
18.6.4 Business Segment & Geographic Overview
18.6.5 Key Market Developments
18.6.6 Key Strategies
18.7 Ltd(South Korea)
18.7.1 Overview
18.7.2 Offerings
18.7.3 Key Financials
18.7.4 Business Segment & Geographic Overview
18.7.5 Key Market Developments
18.7.6 Key Strategies
18.8 Brainlab AG (Germany)
18.8.1 Overview
18.8.2 Offerings
18.8.3 Key Financials
18.8.4 Business Segment & Geographic Overview
18.8.5 Key Market Developments
18.8.6 Key Strategies
18.9 Sensus Healthcare (U.S.)
18.9.1 Overview
18.9.2 Offerings
18.9.3 Key Financials
18.9.4 Business Segment & Geographic Overview
18.9.5 Key Market Developments
18.9.6 Key Strategies
18.10 Elekta (Sweden)
18.10.1 Overview
18.10.2 Offerings
18.10.3 Key Financials
18.10.4 Business Segment & Geographic Overview
18.10.5 Key Market Developments
18.10.6 Key Strategies
