The global fiducial markers market will grow at a compound annual growth rate (CAGR) of more than 5% during the forecast period from 2021-2030.
The fiducial markers help track the exact location of the tumor. It is a grain-size metal object that is used as imaging guidance in radiation therapy. These markers are widely adopted in cancer treatments, metrology, augmented reality, medical imaging, and genetic testing.
The growing prevalence of various types of cancers is driving the growth of the global fiducial markers market. The applications of fiducial markers in radiation therapy would boost its adoption for cancer treatments throughout the world. According to International Agency for Research on Cancer (IARC), there was an increase of 19.3 million cancer cases in 2020, of which ten million deaths were reported due to cancer. Such hikes in the prevalence of diseases would enhance the growth of the global market.
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Radiotherapy or radiation therapy is a widely adopted treatment for curing cancer. The radiotherapy treatment requires fiducial markers to track the tumor. Moreover, it is considered the most prevalent treatment to kill cancer cells in the body. Thus, the growing adoption of radiation therapy would automatically boost the demand for fiducial markers. Moreover, as cancer cases are emerging at a high pace, the need for fiducial markers applications in CT scans, MRIs, X-rays, and ultrasound would grow during the forecast period.
The side effects of radiation therapy are expected to slow down the use of the fiducial markers. Radiation therapy causes severe side effects like baldness, hair loss, fatigue, etc. Thus, the therapies are getting replaced with other substitute treatments like proton therapy.
COVID-19 Impact Analysis
COVID-19 severely declined the growth of the global fiducial markers market. The demand for fiducial markers halted due to the nationwide lockdown and disruption in the supply chain. According to researchers, cancer screenings were decreased by 85% after the onset of the COVID-19 pandemic.
Regional Analysis
North America holds the largest market share in the global fiducial markers market. The demand for the fiducial markers is expected to grow in the region, owing to the presence of leading market players in various countries. Apart from that, the European market is forecast to witness significant growth during the forecast period. The surge in breast and colorectal cancer cases in the region would ultimately increase the demand for fiducial markers in the region.
Prominent Players
- Nanovi A/S (Europe)
- Carbon Medical Technologies (United States)
- IZI Medical Products (United States)
- Innovative Oncology Solutions (North America)
- Naslund Medical AB (Europe)
- Qfix (United States)
- CIVCO Radiotherapy (United States)
- Varian Medical Systems, Inc. (United States)
- Stellar Medical (United States)
- Eckert & Ziegler (Europe)
- Boston Scientific Corporation (United States)
- Medtronic (Europe)
- Beekley Corporation (United States)
- QLRAD International (Europe)
- Meditronix Corporation (North America)
- Best Medical International, Inc. (United States)
- Other prominent players.
Market segmentation
By Product
- Metal-Based Markers
- Pure Gold Markers
- Gold Combination Markers
- Other Metal-Based Markers
- Polymer-Based Markers
- Other Fiducial Markers
By Modality
- CT/CBCT
- MRI
- Radiotherapy
- Ultrasound
By Type
- Lung Cancer
- Gastric Cancer
- Prostate Cancer
- Breast Cancer
- Other Cancers
By End-User
- Hospitals & Outpatient Facilities
- Independent Radiotherapy Centers
- Cancer Research Centers
By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
Table of Content
Chapter 1: Global Fiducial Markers Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Fiducial Markers market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Fiducial Markers Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Fiducial Markers market Size Forecast (2023-2032).
Continue….
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(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Fiducial Markers market revenues on a global, regional, and country level, projecting trends until 2032. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Fiducial Markers market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Fiducial Markers market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Fiducial Markers business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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