BREAST CANCER BRACHYTHERAPY MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)

Key Takeaways from Analyst

The increasing prevalence of breast cancer worldwide is a major driver boosting demand for brachytherapy treatments. Additionally, rising awareness about the availability of advance brachytherapy techniques for cancer treatment also positively influencing market growth. North America dominates the current market share due to high adoption of brachytherapy in the region. However, Asia Pacific region is expected to witness fastest growth during the next five years on back of growing healthcare infrastructure and medical tourism across developing nations of China and India.

However, the market also faces a few challenges. High costs associated with brachytherapy equipment and need for trained professionals to handle radioactive sources are some of the major restraints to market growth. Risk of radiation exposure during treatment is another concern, hampering widespread adoption of brachytherapy. Lack of reimbursement policies for brachytherapy in some countries further hinders market expansion. Nonetheless, ongoing research and new product launches focusing on minimizing radiation exposure levels are expected to offer new opportunities for market players over the forecast period.