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) device 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) device 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) device 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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