Intraoperative Radiation Therapy Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Intraoperative Radiation Therapy Market is Segmented by Method (Electron IORT and Intraoperative Brachytherapy), Products and Services, Application (Breast Cancer, Brain Tumor, Gastrointestinal Cancer, Head and Neck Cancer, and Other Applications), and Geography (North America, Europe, Asia Pacific, Middle-East and Africa, and South America).

Market Snapshot

IORT
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 6.3 %

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Market Overview

Intraoperative radiation therapy (IORT) is an intensive radiation treatment that is administered during surgery. IORT allows direct radiation to the target area while sparing normal surrounding tissue. IORT is used to treat cancers that are difficult to remove during surgery, and when there is a concern that microscopic amounts of cancer may remain.

The rising incidence of cancer, technological advancements, and advantages offered by IORT over conventional radiotherapy are the major factors driving the growth of the global market. Additionally, the growing clinical trials exploring the use of IORT for various cancer applications are expected to offer lucrative growth opportunities to market players.

However, the lack of skilled personnel to operate the equipment and preference for conventional radiotherapy over IORT hinders the growth of the market.

Scope of the Report

Intraoperative radiation therapy (IORT) is an intensive radiation treatment that is administered during surgery. IORT allows direct radiation to the target area while sparing normal surrounding tissue. IORT is used to treat cancers that are difficult to remove during surgery, and when there is a concern that microscopic amounts of cancer may remain.

In the report, a detailed analysis of the intraoperative radiation therapy market is provided. The market is evaluated by collating revenues generated across segments, categorized by method, product and service, application, and geography.

By Method
Electron IORT
Intraoperative Brachytherapy
By Products and Services
Products
Systems/Accelerators
Applicators and Afterloaders
Treatment Planning Systems
Accessories
Services
By Application
Breast Cancer
Brain Tumor
Gastrointestinal Cancer
Head and Neck Cancer
Other Applications
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Electron IORT is Expected to Cover a Large Share of the Market

  • Electron intraoperative radiation therapy or intraoperative electron radiation therapy (IOERT) is the application of electron radiation directly to the residual tumor or tumor bed during cancer surgery. Electron beams are useful for intraoperative radiation treatment, as the dose falls off rapidly behind the target site depending on the electron energy, therefore, sparing underlying healthy tissue. 
  • One of the advantages of IOERT is that it can be given at the time of surgery when microscopic residual tumor cells are most vulnerable to destruction. IOERT is also often used in combination with external beam radiotherapy (EBRT), resulting in less integral doses and shorter treatment times.
  • Moreover, Cancer Research UK suggests that the population suffering from cancer is expected to increase in the future. As per the report, if recent trends in the incidence of major cancers and population growth are consistent, it is predicted that there will be 27.5 million new cancer cases worldwide each year by 2040. Thus, this is an increase of 61.7% from 2018 (17 million).
  • Hence, with the increasing prevalence of cancer globally, the demand for novel therapies, like IOERT, and their advantages over conventional methods, are expected to increase if the awareness regarding these techniques increases.
Intraoperative Radiation Therapy Market - 1

North America is Expected to Dominate the Market

  • The prevalence of cancer in the United States is one of the highest in the world. As per a 2018 report by the World Cancer Research Fund International, the prevalence of cancer in the United States is 352.2 per 100,000. 
  • As per the same report, Canada also has a high prevalence of cancer, with 334 per 100,000 Canadians suffering from the dreadful disease. This high prevalence of cancer has increased the economic burden of cancer on the population of this region.
  • However, the United States and Canada have a developed and well-structured healthcare system. These systems also encourage R&D activities. These policies encourage global players to enter the United States and Canada.
  • As a result, these countries enjoy the presence of many global market players. Hence, as high demand is met by the presence of global players in the region, the market is further expected to increase.
Intraoperative Radiation Therapy Market - 2

Competitive Landscape

Most of the intraoperative radiation therapy instruments are being manufactured by the global key players. Market leaders with more funds for research and a better distribution system have established their market position. Moreover, Asia-Pacific is witnessing the emergence of some small players due to the rise of awareness. Thus, this has helped the market to grow.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Growing Global Prevalence of Cancer

      2. 4.2.2 Advancements in Cancer Therapy Technologies

      3. 4.2.3 Advantages of IORT over External Beam Radiotherapy

    3. 4.3 Market Restraints

      1. 4.3.1 Limitations of IORT and Shortage of Trained Personnel​

      2. 4.3.2 Preference for Conventional Radiotherapy Over Intraoperative Radiation Therapy

    4. 4.4 Industry Attractiveness - Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Method

      1. 5.1.1 Electron IORT

      2. 5.1.2 Intraoperative Brachytherapy

    2. 5.2 By Products and Services

      1. 5.2.1 Products

        1. 5.2.1.1 Systems/Accelerators

        2. 5.2.1.2 Applicators and Afterloaders

        3. 5.2.1.3 Treatment Planning Systems

        4. 5.2.1.4 Accessories

      2. 5.2.2 Services

    3. 5.3 By Application

      1. 5.3.1 Breast Cancer

      2. 5.3.2 Brain Tumor

      3. 5.3.3 Gastrointestinal Cancer

      4. 5.3.4 Head and Neck Cancer

      5. 5.3.5 Other Applications

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Italy

        5. 5.4.2.5 Spain

        6. 5.4.2.6 Rest of Europe

      3. 5.4.3 Asia Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 South Korea

        6. 5.4.3.6 Rest of Asia Pacific

      4. 5.4.4 Middle-East and Africa

        1. 5.4.4.1 GCC

        2. 5.4.4.2 South Africa

        3. 5.4.4.3 Rest of Middle-East and Africa

      5. 5.4.5 South America

        1. 5.4.5.1 Brazil

        2. 5.4.5.2 Argentina

        3. 5.4.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Ariane Medical Systems Ltd

      2. 6.1.2 Eckert & Ziegler

      3. 6.1.3 Elekta AB

      4. 6.1.4 GMV Innovating Solutions

      5. 6.1.5 ICAD Inc.

      6. 6.1.6 Intraop Medical Corporation

      7. 6.1.7 Sensus Healthcare Inc.

      8. 6.1.8 Sordina IORT Technologies

      9. 6.1.9 Varian Medical Systems Inc.

      10. 6.1.10 Carl Zeiss Meditec AG

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The Intraoperative Radiation Therapy Market market is studied from 2018 - 2026.

The Intraoperative Radiation Therapy Market is growing at a CAGR of 6.3% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Eckert & Ziegler, Ariane Medical Systems Ltd, Carl Zeiss Meditec AG, Sordina IORT Technologies, Sensus Healthcare Inc. are the major companies operating in Intraoperative Radiation Therapy Market.

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