Surface Guided Radiation Therapy (SGRT) Devices Market to Grow with a CAGR of 10.04% Globally through 2028
Surge in research and development activities is expected to drive the Global
Surface Guided Radiation Therapy (SGRT) Devices Market growth in the forecast
period, 2024-2028.
According to TechSci Research report, “Surface
Guided Radiation Therapy (SGRT) Devices Market - Global Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2028”, the Global
Surface Guided Radiation Therapy (SGRT) Devices Market stood at USD 154.55 million
in 2022 and is anticipated to grow with a CAGR of 10.04% in the forecast
period, 2023-2028. Initiatives taken by government based on surface guided radiation
therapy (SGRT) devices has led to favorable market conditions for the Global
Surface Guided Radiation Therapy (SGRT) Devices Market. Several factors
contribute to the growth of various surface guided radiation therapy (SGRT) devices
products.
While specific government initiatives solely focused
on Surface Guided Radiation Therapy (SGRT) devices may be lacking, it is
important to note that there are broader governmental programs and policies in
place that actively support the use and development of advanced medical technologies,
including SGRT.
One such instance is the participation of
government-backed clinical trials, which often incorporate innovative treatment
methods like SGRT. An illustrative instance is the ongoing pilot study that
aims to compare the effectiveness of SGRT alone versus SGRT with fiducials for
breath-hold stereotactic body radiation therapy (SBRT) of the lung. This trial,
supported by the esteemed U.S. National Institutes of Health, serves as a
notable demonstration of the government's active involvement in advancing SGRT
technology and its commitment to driving progress in the field.
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Research and development (R&D) activities have
played a pivotal role in the advancement of new Surface Guided Radiation
Therapy (SGRT) devices. These cutting-edge devices have been meticulously
designed to overcome the limitations of their predecessors, boasting remarkable
features such as enhanced accuracy, reduced treatment times, and heightened
patient safety. The introduction of these state-of-the-art devices not only
expands the product offerings within the SGRT devices market, but also ignites
fierce competition, fostering an environment of innovation and propelling the
overall growth of the market. With these groundbreaking advancements, the field
of radiation therapy continues to evolve, paving the way for improved treatment
outcomes and a brighter future for patients worldwide.
The Global Surface Guided Radiation Therapy (SGRT)
Devices Market is segmented into device type, application, end user, regional
distribution, and company.
Based on its device type, the fixed segment held the
largest market share in the forecast period. In addition to their technological
advantages, fixed SGRT (Surface Guided Radiation Therapy) devices are highly
regarded for their exceptional durability and robustness. These innovative
devices are meticulously designed to withstand heavy usage in busy healthcare
settings, ensuring years of reliable performance. By offering long-term
cost-effectiveness, fixed SGRT devices have become a favored choice among
medical professionals. Their remarkable durability, coupled with their advanced
features and unparalleled treatment precision, has led to their widespread
adoption and recognition as a trusted solution in modern healthcare facilities.
Based on region, North America segment is expected to
grow during the forecast period.
North America boasts a highly developed healthcare
infrastructure, characterized by a significant concentration of advanced
hospitals and clinics. This robust infrastructure not only ensures widespread
access to quality healthcare but also facilitates the seamless integration of
cutting-edge technologies like SGRT devices. These advanced devices require
specialized equipment and expertise, which are readily available in the
region's healthcare ecosystem. The presence of such advanced technologies
further enhances patient care, treatment outcomes, and overall healthcare
delivery in North America.
Major companies operating in Global Surface Guided
Radiation Therapy (SGRT) Devices Market are:
- Vision RT Ltd.
- C-RAD AB
- Varian Medical Systems Inc
- BrainLab AG
- Klarity Medical
- Mirion Technologies, Inc.
- Elekta AB
- Surface Imaging Solutions Limited
- Civco Medical Instruments Co. Inc.
- Accuray Inc
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“Growing application of surface guided radiation therapy
(SGRT) devices in various end user industries are key drivers of the surface guided
radiation therapy (SGRT) devices market. Growth in competitive landscape and
presence of well-established companies in the market who are dedicated to
enhance their productivity of surface guided radiation therapy (SGRT) devices
with every passing year are anticipated to register an impressive grow to Global
Surface Guided Radiation Therapy (SGRT) Devices Market in the forecast period.,”
said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based management consulting firm.
“Global Surface Guided Radiation Therapy (SGRT)
Devices Market By Device Type (Portable and Fixed), By Application (Breast
Cancer, Head & Neck Cancer, Abdominal & Pelvic Cancer, Dermatology,
Others), By End User (Hospitals & Clinics, Diagnostic Centers, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated
the future growth potential of Global Surface Guided Radiation Therapy (SGRT)
Devices Market 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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