BRACHYTHERAPY AFTERLOADERS MARKET ANALYSIS
Brachytherapy Afterloaders Market – Regional Insights
Based on the region, the global brachytherapy afterloaders market is segmented into North America, Europe, Latin America, Asia Pacific, Middle East, and Africa. North America holds the dominant position in the global brachytherapy afterloaders market, owing to increasing adoption of new innovative technology and rise in funding for research and development for cancer treatment. For instance, in 2013, Varian Medical Systems, Inc. awarded US$ 100,000, a second year renewal grant to The American Board of Radiology Foundation (ABRF), for the brachytherapy research work.
Asia Pacific is expected to witness significant growth in the brachytherapy afterloader market owing to rise in healthcare research and increasing geriatric population vulnerable to various cancer and related diseases. For instance, according to United Nations 2017 report, in Asia, 12% of the population is already aged 60 years and the proportion is projected to reach 24% in 2050.
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