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The Global Surface Guided Radiation Therapy (SGRT) Devices Market is predicted to witness an 8.5% CAGR during the forecast period for 2024-2031.
Surface-guided radiation treatment (SGRT) devices are medical radiation devices used in surface-guided radiation therapy (SGRT). The technology positions and monitors the patient's surface radiation on the external surface to ensure proper patient positioning. This approach offers the ability to improve setup accuracy by providing transitional and rotational information on the patient's skin surface. Medical device technical advances are supporting the growth of the global surface-guided radiation therapy (SGRT) devices market during the next five years.
The growing number of patients suffering from skin cancer, breast cancer, bone cancer, and other cancers is also helping to drive the global surface-guided radiation therapy (SGRT) equipment market over the next five years. Other major factors driving this market's growth include the increasing use of radiotherapy procedures for cancer treatment, the expanding use of particle therapy for cancer treatment, and the growing number of conferences and symposia focusing on radiotherapy advancements.
However, the high cost of therapy and medical devices may moderate the growth of the global surface-guided radiation therapy (SGRT) devices market in the forecast period.
Recent Developments:
- In June 2021, C-RAD expanded its presence in India by creating an office in Delhi. This was done in order to address the increasing demand for its positioning products throughout South Asia.
Competitive Landscape:
Some of the Surface Guided Radiation Therapy (SGRT) Devices Market players 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
Market Segmentation:
The surface-guided radiation therapy (SGRT) devices market is categorized on the basis of device type, application, and end-user. The device type segment includes portable and fixed, and the application segment includes breast cancer, head & neck cancer, abdominal & pelvic cancer, dermatology, and others. End-user include hospitals & clinics, diagnostic centers, and others.
Based On Device Type, The Fixed Segment Is Accounted As A Major Contributor To The Surface-Guided Radiation Therapy (SGRT) Devices Market
The fixed category is expected to hold a considerable share in the global Surface Guided Radiation Therapy (SGRT) Devices Market in 2024 on the basis of increasing advancement in the healthcare industry targeted toward oncological treatment and diagnostic processes. With the extra benefit of mobility, portable devices are predicted to have the fastest-growing CAGR in the next five years. These devices are cheaper and may be deployed in smaller healthcare facilities and clinics, consequently helping the global surface-guided radiation therapy (SGRT) devices market's growth during the next five years. Furthermore, other benefits include the production of electrons, photons, and other fast-moving subatomic particles and the utilization of X-ray tubes to establish contact between the device and the targeted region in the patient's body.
The Breast Cancer Segment Witnessed Growth At A Rapid Rate
The breast cancer segment is projected to grow at a rapid rate in the global surface-guided radiation therapy (SGRT) devices market on the rising instances of breast cancer among the female population. Furthermore, technological improvements for better and more efficient radiation therapies for breast cancer patients are likely to drive the global surface-guided radiation therapy (SGRT) devices market. Furthermore, the spike in demand for effective and non-invasive treatment methods supported the expansion of the global surface-guided radiation therapy (SGRT) devices market over the forecast period.
The North American Surface Guided Radiation Therapy (SGRT) Devices Market Holds A Significant Revenue Share In The Region
The North American surface-guided radiation therapy (SGRT) devices market is expected to register the highest market share in terms of revenue in the near future due to its improved healthcare infrastructure, rapid acceptance of advanced radiation therapies and technological breakthroughs, growing elderly population base, and rising cases of chronic diseases, North America dominates the image-guided radiation therapy market. Because of the increasing cases of target diseases, aging population, and expanding healthcare infrastructure, Asia-Pacific is predicted to grow the fastest during the projection period.
Surface Guided Radiation Therapy (SGRT) Devices Market Report Scope:
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Report Attribute |
Specifications |
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Growth rate CAGR |
CAGR of 8.50% from 2024 to 2031 |
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Quantitative units |
Representation of revenue in US$ million, volume (units) and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
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Segments covered |
Product & Service, Application, Technology, Transplant Type, And End-User. |
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Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia |
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Competitive Landscape |
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. |
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Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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