South Korea Intraoperative Radiation Therapy Market Scope and Industry Insights in Healthcare Sector

 

The rise in the incidence and prevalence of cancer is anticipated to help the market grow in the near future. According to the estimates given by the National cancer Institute in 2018, about 1,735, 350 cases are expected to be diagnosed in the United States itself and 609, 640 are expected deaths due to cancer. The growth in the number of individuals who are concerned to have better quality of life are anticipated to help the market grow in the coming years.

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Major leaders are focusing on bringing advancements in IORT techniques that will help the market grow in the coming years. For example, in September 2019, BrainLab launched LOOP-X, a mobile type of intraoperative radiation therapy. This product increases flexibility during surgery. Automation added to the system also includes simplified imaging workflows, robotic movements with processing, and command-based performance.

Increase in clinical trials to expand the applications in cancer offered by IORT will help the market grow in the coming years. Rising incidence of cancer will drive the market growth during the forecast period. Furthermore, technological advances and advantages of intraoperative radiation therapy compared to other techniques are expected to increase in the near future.

Synchronization with robotic arms and other equipment between staff and surgeons is also improved. Non-isocentric motion for advanced resolution and visualization of structures with very large diameters. The device is designed for 2D and 3D imaging and also combines ultra-high resolution with low dose.

Moreover, increasing adoption of unhealthy lifestyle makes individuals prone to cancer which is expected to boost the industry. Increase in healthcare expenditure will help the market to flourish in the next few years. Increase in consumption of packaged products with high preservatives, salt content and sugar content is expected to help the market to maximize revenue during the forecast period.