BRACHYTHERAPY AFTERLOADERS MARKET ANALYSIS

Market Challenges And Opportunities

Brachytherapy Afterloaders Market – Dynamics

Increasing prevalence of cancer among the global population is a major factor driving growth of the brachytherapy afterloaders market. For instance, according to the World Health Organization (WHO) 2018 report, cancer was the second-leading cause of death around the globe and was responsible for around 8.8 million death in 2015. Globally, around 1 out of 6 deaths is due to cancer. The same report showed that, most common causes of cancer death was lung cancer with around 1.69 million deaths followed by liver cancer with 788,000 deaths, colorectal 774,000 deaths, stomach 754,000 deaths, and breast cancer having 571,000 deaths.

Rising geriatric population around the globe is also another factor for increasing incidence of cancer, as aged population is most likely susceptible to cancer. This is another factor propelling growth of brachytherapy afterloaders market significantly. For instance, according to United Nation 2017 report, the geriatric population in 2017 is expected to increase over double by 2050 and to over triple by 2100. These figures are expected to rise from 962 million globally in 2017 to 2.1 billion in 2050 and 3.1 billion in 2100.