The global market for brachytherapy reached US$ 705 million in 2015, growth is driven by microspheres and electronic brachytherapy.

LOUVAIN-LA-NEUVE AND LALAYE, BELGIUM AND FRANCE, March 16, 2016 /EINPresswire.com/ -- The global market for brachytherapy reached US$ 705 million in 2015, of which the High-Dose Rate (HDR) and Low-Dose-Rate (LDR) segments accounted for just over 60%, the microspheres and electronic brachytherapy commanded the remaining 40%.

The global brachytherapy market in 2015, expressed in US dollars, has been affected by exchange rate fluctuations of the major currencies against the US dollar. The brachytherapy market size displayed an annual growth of 3% during the last two years to reach US$ 705 million in 2015. Without this exchange rate influence, MEDraysintell estimates that the brachytherapy market would have reached about US$ 800 million, thereby exhibiting an annual growth of more than 8%.

The brachytherapy market is expected to reach US$ 2 billion in 2030, growing by 8% annually, mainly driven by the microspheres market as well as electronic brachytherapy, which is gaining significant interest worldwide as a user-friendly technology. The LDR (Low Dose Rate) brachytherapy seeds market is expected to grow substantially in new large markets such as China and India because of its reduced cost, together with a high therapeutic success rate.

The top ten companies control about 80% of the world brachytherapy market and more than 20 companies share the remaining 20%. Several new companies have penetrated the brachytherapy market in the last few years and a few others are expected to join the market in the coming years.

The global brachytherapy industry is evaluated in a new and updated MEDraysintell’s report and directory, providing in a 340-page document a complete description of the radionuclides and devices used in brachytherapy, and a detailed profile of 62 companies and institutions active in this field around the world.

More information and table of contents is available at:
http://medraysintell.com/Brachytherapy.html

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MEDraysintell was created in 2013 by Paul-Emmanuel Goethals and Richard Zimmermann. It combines over 40 years of experience in radiation healthcare. www.medraysintell.com

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