Market Trends of Fiducial Markers Industry
This section covers the major market trends shaping the Fiducial Markers Market according to our research experts:
Metal Based Markers in Fiducial Markers is Estimated to Witness a Healthy Growth in Future.
Metal-Based Markers are estimated to witness healthy growth in the future attributed to several benefits associated with this type of markers. Metal-based markers consist of gold markers, gold combination markers, and other metals which include platinum, tungsten. The use of gold markers in the radiotherapy procedures results in accurate visibility in MRI images, better stability, and enhanced efficiency. These gold markers can combine with other metals which enhance the visibility in the imaging modalities. Thus, these benefits associated with the markers will result in high demand around oncology treatments and further promote the segment growth.
In Addition, the number of new cases of cancers across the globe as per Globocan will increase the demand for radiotherapy and thereby propelling the growth of fiducial marker.
North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period
North America is expected to hold a significant market share in the global Fiducial Markers Market due to the rising prevalence of cancer, the presence of a large number of major players, growing research and development expenditure, rising patient awareness, and preference for radiotherapy, reimbursement policies, and technological advancements. As per Globocan in 2018 the number of new cases of cancer in North America was 2,378,785. This will surge the demand for the treatment of the diseases and boost the overall market. The United States owns the largest share of Fiducial Markers Market in the North America region Furthermore, increasing adoption of advanced radiotherapy procedures, imaging modalities, and well-established healthcare infrastructure are also expected to fuel the Fiducial Markers Market in this region.
