According to the research report titled ‘Global Intraoperative Radiation Therapy Market Size study, by Product & Services (Systems/Accelerators, Applicators & After loaders, Treatment Planning Systems and Accessories), by Technology (Electron IORT and Intraoperative Brachytherapy), by Application (Breast Cancer, Brain Tumor, Gastrointestinal Cancer, Head & Neck Cancer, Colorectal Cancer, Endometrial & Cervical Cancer, Lung Cancer and Others) and Regional Forecasts 2020-2027’, available with Market Study Report, global intraoperative radiation therapy market was evaluated at USD 45.1 billion in 2019 and is anticipated to reach USD 74.1 billion by 2027, growing at a yearly rate of 6.4 % between 2020-2027.
 

Technological developments, coupled with growing number of cancer patients are key factors that will spur global intraoperative radiation therapy market expansion in the upcoming years.
 

As per the International Agency for Research on Cancer (IARC), 17 million new cancer cases were reported in 2018 worldwide, while 9.5 million people died of cancer that year. Also, 27.5 million new cancer cases are anticipated by 2040 with 16.3 million deaths globally.
 

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For the unversed, intraoperative radiation therapy involves giving a dose of radiation to tumors with minimal exposure to healthy tissues surrounding it. This therapy is an effective treatment for cancer.
 

According to the American Cancer Society, approximately 75% of the cancer patients treated using chemotherapy suffered mental impairments in 2016-17. Thus, demand for intraoperative radiation therapy (IORT) will rise over the analysis period because it ensures minimal exposure and harm to healthy tissues.
 

On the other hand, availability of and growing demand for alternative therapies, and shortage of skilled personnel are poised to hinder global intraoperative radiation therapy market growth.
 

Based on products & services, worldwide intraoperative radiation therapy market is bifurcated into systems or accelerators, treatment planning systems, applications & after loaders, and accessories. Speaking of technology, the industry is divided into electron IORT, and intraoperative brachytherapy.
 

Regionally speaking, North America captured majority of the global intraoperative radiation therapy industry share in the past year, due to increasing cases of cancer, substantial per capita healthcare expenditure in Canada and US, and easy availability & adoption of IORT to treat cancer. Meanwhile, Asia Pacific market is projected to expand rapidly between 2020-2027.
 

Key players profiled in the worldwide intraoperative radiation therapy market report are iCad Inc., Becton Dickinson and Company (BD), IsoAid LLC, Ariane Medical Systems Ltd., SoRay Inc., Carl Zeiss AG, IntraOp Medical Corporation, Eckert & Ziegler AG, GMV Innovating Solutions SL, and Elekta AB.