Fiducial Markers Gaining Immense Traction as Standard Tool for Image-guided Radiotherapy: Future Market Insights
The global fiducial markers market will reflect at a stellar CAGR of 8.5% amid the projected period, 2020-2030. The market growth can be primarily attributed to growing implementation for treating debilitating cancers. Furthermore, the COVID-19 outbreak has encouraged fiducial markers sales as healthcare providers have listed cancer treatment their top priority.
“Growing research & development for attaining technologically advanced solutions to treat cancers along with other debilitating disorders is producing immense green space for probable fiducial markers market players” says an FMI analyst.
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- North America is likely to account for notable market share fueled by increased awareness concerning advanced diagnostic procedures and cancer treatment.
- Pure gold segment is anticipated to reflect high growth prospects among other product types.
- Photon therapy modality segment will remain lucrative over the forecast period.
- Prostate cancer disease site will remain key beneficiary in the global market.
- Hospitals are projected to gain traction and surpass radiotherapy centers end users segment in the forthcoming years
- Surging cases of cancers across the world is bolstering the demand for fiducial markers in the global market.
- Increasing preference for stereotactic radiation due to its effective remedy against various debilitating cancers is boosting sales in the market.
- With advancements in healthcare, high demand for precision-based imaging modalities is driving the market growth.
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- Invasive nature of the implants can act as a huge constraint to market growth.
- Fiducial markers often distort image quality amid scanning, interpreting tumor delineation is a huge challenge to the market growth.
COVID-19 Impact on the Market
The COVID-19 pandemic has broaden the growth prospect s of the fiducial markers market. Since cancer treatment necessitates precedence, healthcare providers are accommodating to handle patients suffering from devastating conditions. Thus, the requirement for precision-based detection systems has been boosted in recent months. Furthermore, to decrease infection spread, patients needing immediate surgical care are assisted first while consultation for probable prevalence is shifted towards virtual platforms.
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The fiducial markers market encompasses of these key market players: Innovative Oncology Solutions, Eckert & Ziegler BEBIG, Boston Scientific, Best Medical International, Inc., IBA Dosimetry, Carbon Medical Technologies, alphaXRT, CIVCO, Stellar Medical and Nanovi A/S.
A mixture of growth strategies, scoping from new product launches to strategic alliances and collaborations and technological disruptions are adopted by these market players to stay afloat in the highly competitive scenario.
About the Study
The study offers readers a comprehensive assessment of the Fiducial Markers Market. Global, regional and national-level analysis of the latest trends influencing the market is covered in this FMI report. The study provides insights on the basis of product (polymer based markers, metal based markers, pure gold markers and liquid based markers), modality (photon therapy, proton therapy, tomotherapy and cyberknife), disease site (head & neck, breast, lung, abdomen, prostate, kidney, cervix or other gynecologic organs) and end-user (hospitals, cancer research institutes and radiotherapy centers), across key regions (North America, Latin America, Europe, China, Asia Pacific, Middle East & Africa).
Table Of Content
- Executive Summary
1.1. Global Market Outlook
1.2. Market Overview
1.3. Analysis and Recommendations
1.4. Wheel of fortune
- Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
- Key Market Trends
- Key Success Factors
4.1. Reimbursement scenario
4.2. PESTEL Analysis, By Region
4.3. Porter’s Analysis
4.4. Adoption Analysis
- Global Fiducial markers Market Value (US$ Mn) Analysis 2015-2019 and Forecast, 2020-2030
5.1. Historical Market Value (US$ Mn) Analysis, 2015-2019
5.2. Current and Future Market Value (US$ Mn) Projections, 2020-2030
5.2.1. Y-o-Y Growth Trend Analysis
5.2.2. Absolute $ Opportunity Analysis
- Market Background
6.1. Macro-Economic Factors
6.1.1. Global GDP Growth Outlook
6.1.2. Improvement in Healthcare infrastructure
6.1.3. Rise in adoption of ultrasonic surgical devices
6.2. Forecast Factors – Relevance & Impact
6.2.1. Regulatory approvals
6.2.2. New Product launches
6.2.3. Cost of Products
6.2.4. Incidence of cardiovascular disease
6.3. Market Dynamics
6.3.3. Opportunity Analysis
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About Future Market Insights
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.