Intraoperative Radiation Therapy (IORT) market is an emerging segment within the broader radiation therapy market. IORT is a specialized form of radiation therapy that is delivered directly to a tumor site during surgery, immediately after the tumor is removed. This localized treatment aims to minimize radiation exposure to healthy surrounding tissues and organs, making it a potential option for certain cancer patients.

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The global intraoperative radiation therapy market is projected to reach USD 66 million by 2025 from USD 48 million in 2020, at a CAGR of 6.4% during the forecast period. The rising incidence of cancer, technological advancements, and advantages offered by IORT are the major factors driving the growth of the global intraoperative radiation therapy market. Research and clinical trials are also being conducted to expand the applications of IORT; this will add to market growth prospects in the coming years.

The market for IORT was experiencing steady growth due to several factors, including:

Advancements in technology: Technological advancements in radiation delivery systems, imaging, and surgical techniques have made IORT more precise and accessible to a broader range of patients.

Increasing prevalence of cancer: The global incidence of cancer has been on the rise, leading to a growing patient pool for potential IORT treatments.

Rising demand for minimally invasive procedures: IORT offers the advantage of delivering a focused dose of radiation in a shorter timeframe, making it an attractive option for patients seeking less invasive treatment options.

Supportive clinical data: As more clinical evidence and research data become available, demonstrating the effectiveness and safety of IORT, its adoption has been on the rise.

Expanding healthcare infrastructure: Improvements in healthcare infrastructure and access to advanced medical facilities have contributed to the growth of the IORT market.

Growing awareness among healthcare professionals and patients: Increased awareness about IORT as a viable treatment option for specific cancer cases has led to greater adoption.

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North America to dominate the intraoperative radiation therapy market during the forecast period

The Intraoperative radiation therapy products market is segmented into five major regions, namely, North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The North American region is expected to account for the largest share of the market. The growth in this market is mainly attributed to the increasing healthcare expenditure in the region, technological advancements, and high adoption of IORT products owing to the increasing incidence of cancer.

Key Market Players

The major players operating in the intraoperative radiation therapy market are ZEISS Group (Germany), iCAD, Inc. (US), Eckert & Ziegler (Germany), Elekta AB (Sweden), GMV Innovating Solutions (Spain), Sensus Healthcare, Inc. (US), IntraOp Medical, Inc. (US), Isoray, Inc. (US), Becton, Dickinson and Company (US), Sordina IORT Technologies (Italy), Varian Medical Systems, Inc. (US), SeeDos Ltd. (UK), IsoAid LLC (US), Ariane Medical Systems Ltd. (UK), Panacea Medical Technologies Pvt. Ltd. (India), Salutaris Medical Devices (US), Brainlab AG (Germany), RaySearch Laboratories (Sweden), REMEDI Co., Ltd. (South Korea), Merit Medical Systems, Inc. (US), among others.

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