Market Insights
The Fiducial Markers Market is projected to grow from USD 108.3 million in 2020 to USD 140.6 million by 2026 at a CAGR of over 4.4% during the forecast period.
Market Dynamics
The growing adoption of radiotherapy devices by oncologists coupled with rising cases of cancer across the globe are the prime factors augmenting the product demand. Also, the surging demand for SBRT and IGRT procedures further boosts market growth.
Moreover, increasing awareness regarding the fiducial markers to give effective diagnosis further offers lucrative opportunities to the industry players. However, the requirement of placing fiducial markers before the CT scan will necessitate a second 3D scan before or during surgery can hamper the industry expansion.
Market Segments' Analysis
The market researchers have studied the Fiducial Markers Market minutely for better understanding. The report consists of segment-wise details to assist the users in making suitable decisions for better growth opportunities. Below is a short piece of information -
By product, the fiducial markers market has been categorized into the gold, gold combination, polymer, and other metals, liquid.
Under these, the gold segment witnessed the highest market share in 2020 and is likely to register a significant CAGR during the review period.
This is mainly attributed to the accurate visibility and excellent stability of these products across various imaging modalities. Also, gold fiducial markers come in combination with various metals, such as platinum, titanium, and nickel, for better efficiency.
By region, the North American market garnered the largest market share in 2020 and is projected to grow at a substantial CAGR during the assessment period.
This is mainly ascribed to streamlined reimbursement policies, the strong presence of key market players, and public health programs in the region. Growing healthcare expenditure and rising adoption of advanced radiotherapy procedures imaging modalities further boosts the regional growth.
Highlights of the report:
The report also highlights the following segments -
- The market structure and forecasts for the coming years.
- Drivers, restraints, opportunities, and current trends of the Fiducial Markers Market.
- Historical data and forecast.
- Estimations for the forecast period 2026.
- Developments and trends in the market.
Our market research experts have studied the Fiducial Markers Market in 360 degrees via. both primary secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-chain, pricing trends, product preferences, consumer patterns more. The findings are further validated through primary research with industry experts across the globe.
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