The global fiducial markers market is set to reach US$ 138.7 million in 2022 and further expand at a CAGR of 7.9% to end up at a market valuation of US$ 295.6 million by 2032.
According to a report by FactMR, the global fiducial markers market is expected to grow at a moderate rate during the forecast period of 2021-2031. The market is driven by the increasing incidence of cancer, as well as the growing demand for minimally invasive surgical procedures. Fiducial markers are small objects that are placed inside the body to guide radiation therapy, and are commonly used in the treatment of prostate, lung, and breast cancer. The report highlights the increasing adoption of radiotherapy for cancer treatment, which is driving the demand for fiducial markers.
The report also notes the growing trend of research and development in the field of medical imaging, which is expected to drive the demand for fiducial markers in the coming years. Additionally, the increasing demand for image-guided surgery is also contributing to the growth of the market.
Geographically, North America is expected to be the dominant region in the fiducial markers market, due to the presence of a large number of healthcare facilities and the high adoption rate of advanced medical technologies. However, Asia-Pacific is expected to witness significant growth during the forecast period, due to the increasing incidence of cancer and the growing healthcare infrastructure in the region.
Some of the key players operating in the global fiducial markers market, as per the report, include IBA Dosimetry GmbH, Eckert & Ziegler BEBIG SA, and Best Medical International, Inc
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Segmentation by Category
Product
Modality
Disease Site
End User
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Competitive Landscape
The majority of manufacturers of fiducial markers are attempting to diversify their product lines. The marketing of the product through internet portals, however, is the most important strategy for expanding the consumer base. Making the product available online is another factor that is anticipated to fuel market expansion.
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Key Question answered in the Survey of Fiducial Markers market Report By Fact.MR
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Jun 19, 2023