Surface Guided Radiation Therapy (SGRT) Devices Market to Grow with Advancing Healthcare During the Forecast Period
Oncological
advancements are driving the growth in Global Surface Guided Radiation Therapy
(SGRT) Devices Market in the forecast period, 2022-2026.
According to TechSci Research report, “Global Surface Guided Radiation Therapy (SGRT)
Devices Market By Device Type (Portable v/s Fixed) By
Application (Breast Cancer, Head & Neck Cancer, Abdominal & Pelvic
Cancer, Dermatology, Others) By End User (Hospitals & Clinics, Diagnostic
Centers, Others) By Region, Competition Forecast & Opportunities, 2026”,
the global surface guided radiation therapy (SGRT) devices market may
potentially project an impressive growth in the forecast period, 2022-2026,
with an impressive CAGR on the account of rapidly evolving healthcare
facilities for the patients suffering from cancer. The technological
advancements in the medical devices are further substantiating the growth of
the global surface guided radiation therapy (SGRT) devices market in the next
five years. Further increasing number of patients suffering from skin cancer,
breast cancer, bone cancer etc. is also aiding the growth of the global surface
guided radiation therapy (SGRT) devices market in the future five years. Additionally,
the growing adoption of radiotherapy procedures for cancer treatment,
increasing use of particle therapy for cancer treatment, and the rising number
of conferences and symposia focusing on the advancements in radiotherapy are
some of the other major factors driving the growth of this market.
Surface guided radiation therapy (SGRT) devices are the medical
radiation devices that are utilized for the surface guided radiation therapy
(SGRT). The technology positions and monitors the patient’s surface radiation
process on the external surface such that the patient’s positioning is apt.
This procedure provides transitional and rotational information of the
patient’s skin surface and offers the potential to improve the accuracy of
setup.
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The global surface guided radiation therapy (SGRT)
devices market segmentation is based on device type, application, end user,
regional distribution, and competitional landscape. Based on application, the
market is further bifurcated into breast cancer, head & neck cancer,
abdominal & pelvic cancer, dermatology, and others. Breast cancer is
anticipated to hold the largest revenue shares of the market and dominate the
market segment on the rising cases of breast cancer among the female
population. Moreover, technological advancements for the better and efficient
radiation therapies for the breast cancer patient is expected to support the
growth of the global surface guided radiation therapy (SGRT) devices market.
Furthermore, the surge in the demand for the effective and non-invasive
treatment methods are substantiating the growth of the global surface guided
radiation therapy (SGRT) devices market in the future five years of forecast
until 2026.
Based on device type, the market is divided between
portable and fixed devices. Fixed devices are anticipated to hold the largest
revenue shares of the market and dominate the market segment on the account of
increasing advancement in the healthcare industry dedicated toward oncological
treatment and diagnostic processes. Portable devices are expected to register
the fastest growing CAGR in the upcoming five years with its added advantage of
mobility. These devices are more affordable, and can be installed in smaller
healthcare centers, and clinics too, thereby supporting the growth of the
global surface guided radiation therapy (SGRT) devices market in the next five
years. Moreover, added advantages include emission of electrons, photons, and
other fast-moving subatomic particles, and use of x-ray tubes to build contact
between the device and the targeted area in patient’s body.
Holding the major shares of the global surface
guided radiation therapy (SGRT) devices market are Vision RT Ltd, Varian
Medical Systems, Inc., C-Rad AB, Surface Imaging Solutions Limited, Civco
Medical Instruments Co Inc. (MEDTECH, Inc.), Elekta AB, BrainLab AG, among
others. Market players are actively involved in the research and technological
development in the product developments. The advanced technology has made it
possible for the industry to provide excellent services through surface guided
radiation therapy (SGRT) devices. Further advancement would aid the market
value and brand establishment in the future five years. New market players may
focus on the research and development to provide options that satisfies the
consumer demand as well as benefits the market players in building their brand
value. Other competitive strategies include mergers & acquisitions and new
product developments.
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“North American region
is anticipated to dominate the market on the account of evolving healthcare
industry. The major economies like United States, and Canada support an
extensive research and healthcare industry. The rising number of cases where
the patients are suffering from various types of cancer is also driving the
growth of the market segment. New market player may invest in research and
development of the technologically advanced medical devices for the effective
and efficient diagnosis and treatment to the patients,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research based Global management
consulting firm.
“Global Surface Guided
Radiation Therapy (SGRT) Devices Market By Device Type (Portable v/s Fixed) By Application
(Breast Cancer, Head & Neck Cancer, Abdominal & Pelvic Cancer,
Dermatology, Others) By End User (Hospitals & Clinics, Diagnostic Centers,
Others) By Region, Competition Forecast & Opportunities, 2026”, has evaluated the
future growth potential of global surface guided radiation therapy (SGRT)
devices and provides statistics & information on market size, structure and
future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in global surface guided
radiation therapy (SGRT) devices market.
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