U.s. Prostate Cancer Treatment Devices Market Size And Demand Forecast

By Author: Pramod Kumar
Total Articles: 97
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The rising prevalence of prostate cancer is pushing up the requirement for prostate cancer treatment devices in the U.S. As per the estimates of the American Cancer Society, around 248,530 new cases of prostate cancer will be reported in the country in 2021. Furthermore, the organization also predicts that the disease will claim nearly 34,130 deaths in 2021. The organization also found that prostate cancer is the second major cause of cancer deaths among men in the U.S.

Furthermore, it is estimated that 1 out of 8 men in the country will be diagnosed with prostate cancer during their lifetime. The high prevalence of the disease is predicted to propel the requirement for several treatment devices, such as those used in cryotherapy, surgery, and radiotherapy. Besides this factor, the rapid technological advancements being made in the healthcare sector and the emergence of accurate treatment methods, such as image-guided radiation therapy (IGRT), stereotactic radiosurgery (SRS), and brachytherapy, are also expected to support the growth of the U.S. prostate cancer treatment devices market in the coming years.

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... instance, CyberKnife S7 System, which is a device equipped with real-time artificial intelligence (AI)-driven motion tracking and synchronization treatment delivery for all stereotactic body radiation therapy (SBRT) and SRS treatments, was launched by Accuray Incorporated in June 2020. The CyberKnife S7 system is a non-invasive and robotic radiation therapy device that can treat benign and cancerous tumors all over the body, including prostate glands. Apart from these factors, the surging healthcare expenditure of the U.S. government is also expected to fuel the U.S. prostate cancer treatment devices market at a CAGR of 5.6% from 2020 to 2030.

Surgery, high-intensity focused ultrasound (HIFU), cryotherapy, and radiation are the most widely used prostate cancer treatment devices in the U.S. Amongst these, the demand for radiation devices was found to be the highest in 2019. This was because of the abundant availability of these devices, large-scale adoption of different radiation therapy systems, and the existence of several players who sell these devices in the industry. The sales of prostate cancer treatment devices were observed to be the highest in California in the years gone by, mainly because of the high incidence of prostate cancer and presence of numerous specialty centers and hospitals in the state.

Report Description: https://www.psmarketresearch.com/market-analysis/us-prostate-cancer-treatment-device-market-revenue

Pramod has around 7 years of experience in market research and consulting services for healthcare industry. He holds varied experience in market sizing and forecasting with varied models, competition landscape, consumer behavior analysis, opportunity analysis, product/company benchmarking, data mining and others. He has successfully delivered multiple projects on go-to-market strategies, pricing strategy, price point analysis, Business Expansion, market entry and exit, share analysis and others. Prior to joining P&S Intelligence, he worked with different research companies, including Transparency Market Research and MarketsandMarkets Pvt Ltd. Some of the projects delivered by him include Scar Treatment Market, Skin Replacement and Substitutes Market, and Energy-Based Aesthetic Devices Market.